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Entry bubble Word of the Year: Bailout

By: Joanne | January 13, 2009 | Category: Money

cartoon man carrying a giant bag of money

In its 19th annual words of the year vote, the American Dialect Society voted “bailout” as the word of the year. When I heard the story on NPR yesterday morning, I was really hoping that the word of the year would be something fun, like 2005’s word of the year, truthiness, made popular by Stephen Colbert. I guess 2008 was a more serious year than 2005.

2008 found us in an economic crisis and it’s going to take a lot to get our economy back on track. I think it’s pretty painful to pinch pennies at the grocery store and drive aging cars, and watch the federal government give billions and billions of dollars away. Yes, I work for the government, but I pay taxes too, you know!

Like you, I don’t have to power to give away billions of tax dollars, but there are some things that we can do. President-elect Obama has a plan to stimulate the economy – get informed about the plan. Gov Gab’s readers are highly intelligent and always writing in to tell us about their great ideas. You can send your economy-saving idea directly to the Obama transition team. They’re listening.

Don’t forget to contact your Senator and Representative in Congress to let them know your ideas and how you want your tax dollars to be spent. They’re the ones that write the laws after all, and we need to hold them accountable to give us the truth, not just the truthiness.

| Post a Comment | View Comments [0] | envelope E-mail This Entry | Tags: bailout   crisis   economy   financial   joanne   money  

 

Entry bubble Bring Your Lunch and Save Money!

By: Jake | January 12, 2009 | Category: Money

A Bagged LunchThe news these days is chock full of tips for saving money. We even have 66 simple ways for you to do that. But an alert Pueblo.gsa.gov visitor recently touched on an idea so obvious that most of us take it for granted. Simply, do you know how much you can save each month by bringing your lunch to work?

Like I said—it's obvious. You save more money making your own sandwich than you do paying Tony at the local sub shop, but have you ever sat down and quantified it? This alert reader sent us a lunch savings calculator from Bankrate.com which lets you calculate your savings from bagging your lunch over a long period of time.

To grab lunch in D.C. it costs me an average of $10 depending on what I get. The average cost for me to bring lunch is about $4. If I bring my lunch for a whole month, which is very doable, the calculator says I'll save $120. If I bring for a year, which is unlikely, I'll save $1,440. Bagging it for four years (impossible), will save me over $5000.

I don't know about you, but I'm able to really stick to something if there's a clear benefit to it. I won't be saving $1500 on lunch this year, but I know I can save at least $1000. While I'm bagging it, I can also focus more on my nutrition.

| Post a Comment | View Comments [4] | envelope E-mail This Entry | Tags: financial_savings   jake   lunch   lunch_cost_calculator   money   savings  

 

Entry bubble Kids and the Economy

By: Colleen | January 07, 2009 | Category: Money

Ok, so the economy has taken the same trajectory as Penn State in the Rose Bowl. This is not news to anyone. While the moneymedia is littered with doom and gloom, how do you explain to your kids what's going on?

It's tough to break down a nationwide situation for a child (shoot, I have a hard time wrapping my head around it), but it's never too early to start teaching them about personal finances and the value of the ol' dollar. Before you know it, they'll be applying for a mortgage—better show them how to be sure they can afford it!

The Jumpstart Coalition for Personal Finance Literacy has a really great pamphlet that covers kids grades K-12, and what they should know about finances, broken down by grade level. For example, a 4th grader should be able to explain the difference between a wage and a salary.

Are you getting hit with the classic, "I really need (*need* being the operative word) a ____" line? Here are some tips for telling your kids the facts about money. It helps you establish a budget for them, and provides guidance on establishing a fair and effective way to set up an allowance system for your kids.

Have your kids questioned the current economic situation? How do you best teach them about fiscal responsibility?

| Post a Comment | View Comments [4] | envelope E-mail This Entry | Tags: colleen   economy   kids   personal_finance   recession  

 

Entry bubble Scareware Scams

By: Colleen | December 17, 2008 | Category: Money

online scamIf you're anything like me, you've been doing your best to avoid any retail places during the holiday season. I'd love to shake the hand of whoever invented online shopping!

As always though, "buyer beware!" Scams and frauds are all over the internet, particularly during the "most wonderful time of the year."

The latest one preys on people actually trying to protect their computers. This "scareware" scheme comes in the form of a pop-up that appears on your screen while you have a web browser open. It might say something like, "Beware! Your computer has been infected!" Or, "Malicious software has been detected!" When you click on the pop-up, you will get an offer to buy software like "Winfixer" or "ErrorSafe" that claims to protect your computer from viruses. These different softwares will cost you around $30-40 and are totally bogus. They will tell you your problems have been fixed, when in reality, there was nothing to fix in the first place. But your wallet will be a tad lighter.

Over a million people have been duped by this type of fraud. The FTC has pushed for a court order to be signed to try and halt the broad-reaching scheme.

To best protect your computer:

  • Make sure you have legitimate anti-virus, anti-spyware, and firewall software.
  • If you get one of these pop-ups claiming you have a virus, close the whole browser. Do not click the link, or even the "x" box at the top.
  • Use the control/alt/delete function if your browser won't respond to your exit.

If you've been scammed by "spyware" you can report it at www.ftc.gov, or by calling 1-877-FTC-HELP. For information on dealing with other types of scams and frauds, check out the Pueblo scam site.

| Post a Comment | View Comments [5] | envelope E-mail This Entry | Tags: colleen   fraud   internet   online   scam   scareware  

 

Entry bubble Sneaky Tips for Shopping Online

By: Nancy | December 11, 2008 | Category: Money

Are you finding this holiday season rushed, stressful and confusing?

I am! And my being sick isn’t helping. (Would you believe that I have laryngitis AGAIN? ) Third time this year. The last time I had it back in July, I decided to do all my car buying negotiations online. Bidding seven dealers against each other, I ended up getting a great price. That experience worked so well, I’ve decided during this latest bout of speechlessness to forgo the mall and do all of my holiday shopping online too.

There are some great bargains out there. But I’ve got some sneaky tips that can help you get even better deals, not just during the holidays, but anytime you’re shopping online.

I’m kind of methodical when I’m buying something. I hit websites like CNET.com and ConsumerSearch.com to compare features, read professional reviews and get the ratings and reviews of people who already bought the product I’m considering.

Once I figure out the brand and model number, I use sites like Shopzilla and MySimon to compare prices.

Now for the sneaky part: coupon codes. As you’re getting ready to make your purchase on most online stores, you’ll see a little box to type in a coupon, promotional, or discount code. Online stores usually send coupon codes to their email update subscribers. Happily, you don’t need to clog up your email in-box with every store’s email updates. Just go to a site like CouponCabin.com and type in the name of the online store you’re interested in, to see what offer pops up. Cut and paste or type the coupon code into the box before you check out of the online store and depending on the offer, you can get a percentage off discount or even free merchandise.

The thing I don’t like about buying from online stores is their shipping and handling fee. Is it my imagination or do some online stores seem to inflate their shipping costs? I’m so cheap. So I was delighted when I found websites like FreeShipping.org that search online stores for free shipping deals. In the past week, I’ve saved over $20 in shipping from one online store alone, using the free shipping code I found on FreeShipping.org.

For ways to make sure the online seller you’ve chosen is reputable and for tips on what to do if your purchase isn’t what you hoped it would be, check out USA.gov’s section on shopping from home.

What are you buying online this holiday season?

| Post a Comment | View Comments [5] | envelope E-mail This Entry | Tags: coupons   money   nancy   online   shopping  

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