The government is offering a discount program for people who trade in cars for a new car which is more environmentally friendly. More information is available at Cash for Clunkers. The program is suppose to run until November but there has been so much interest that I heard on a TV program last night that it probably won't last that long unless they add more money to the fund. They are discussing adding funds to the program since there is so much interest.
The CAR Allowance Rebate System (CARS) is a $1 billion government program that helps consumers buy or lease a more environmentally-friendly vehicle from a participating dealer when they trade in a less fuel-efficient car or truck. The program is designed to energize the economy; boost auto sales and put safer, cleaner and more fuel-efficient vehicles on the nation's roadways.
Consumers will be able to take advantage of this program and receive a $3,500 or $4,500 discount from the car dealer when they trade in their old vehicle and purchase or lease a new one. Consumers you do not need to register anywhere or at anytime for this program. However, to find out eligibility requirements
Tuesday, July 28, 2009
Thursday, July 23, 2009
Paying Our Fair Share
Following is a letter from Dave Ramsey's website. It shows the importance of paying attention to how you spend your money. If you are careful in the beginning it will pay off BIG in the end.
Paying Our Fair Share
By Mike in NE
We married in 1969 at 19 and 21 with no money but no debt. Our friends had student loans, but I worked a full-time job, and it took me five years to graduate.
Our friends bought new houses with big mortgages. We built our house and borrowed only what we needed. Our friends bought new cars with financing. We bought used cars for cash. Our friends bought vacation homes at the lake (with mortgages). We invested the $5,000 we had in a business (which now pays more than $750,000 per year in salaries). Our friends went on expensive vacations with their credit cards. We bought investment properties for cash.
So in 2009, we have a net worth of more than $6,000,000 and are cash flowing about $1,000,000 per year. Now we have several homes. We go to Europe whenever we want. We buy whichever new car we want for cash, but only one for each of us about every five to seven years because of our conservative nature. We paid about $300,000 in 2008 for state and federal income tax. Tell me why we should feel guilty for being too "acquisitive." Do you think we are "stepping up to the plate" and "paying our fair share"?
Paying Our Fair Share
By Mike in NE
We married in 1969 at 19 and 21 with no money but no debt. Our friends had student loans, but I worked a full-time job, and it took me five years to graduate.
Our friends bought new houses with big mortgages. We built our house and borrowed only what we needed. Our friends bought new cars with financing. We bought used cars for cash. Our friends bought vacation homes at the lake (with mortgages). We invested the $5,000 we had in a business (which now pays more than $750,000 per year in salaries). Our friends went on expensive vacations with their credit cards. We bought investment properties for cash.
So in 2009, we have a net worth of more than $6,000,000 and are cash flowing about $1,000,000 per year. Now we have several homes. We go to Europe whenever we want. We buy whichever new car we want for cash, but only one for each of us about every five to seven years because of our conservative nature. We paid about $300,000 in 2008 for state and federal income tax. Tell me why we should feel guilty for being too "acquisitive." Do you think we are "stepping up to the plate" and "paying our fair share"?
Wednesday, July 22, 2009
Free Mary Hunt Book
Following is an email I received from Mary Hunt. If you subscribe to her online membership, she will give you a free copy of one of her money saving tip books.
Debt Proof living
Dear Friend,
I love getting emails from my readers who tell me they're making progress in cutting their daily expenses, even as costs on just about everything seem to be going up. But I want to do more. I want to help you make financial progress so you can get out of debt sooner and build your emergency fund faster. I know you can do it and I've been racking my brain for ideas for how we can do this together.
I came up with an idea and convinced my husband and staff that we should offer you this deal: I will send you one of my books--the hardcover edition of "Live Your Life For Half The Price," FREE (plus shipping/handling) when you buy, give or renew a one-year Debt-Proof Living Online membership ($29). I hope you agree this is a win-win situation!
This hardcover book that retails for $23.99 is jam-packed with tips, tricks, resources and how-tos for slashing the cost of everything you spend money on in your normal day-to-day living.
There are so many reasons that you need to become a part of my Debt-Proof Living family. Whether you're deeply in debt and worried about the future, or doing well and want to make sure that continues, we offer the help you need to get out of debt, the community you need to make sure you are not alone and the resources and tools you need to make sure you are successful.
Do this: Go to the DPL Bookstore, put a One-Year DPL Online Membership and one copy of "Live Your Life For Half The Price" into your shopping cart. Before clicking checkout, use this COUPON CODE: LYLFREE in the discount code and you will get a credit for $23.99 (the price of the book) as you complete the transaction. That's it! You can also get details on my webdesk.
This deal is available for one week only, so don't delay. And yes, you can share the coupon code freely. Help us spread the word!
Have a great week.
Debt Proof living
Dear Friend,
I love getting emails from my readers who tell me they're making progress in cutting their daily expenses, even as costs on just about everything seem to be going up. But I want to do more. I want to help you make financial progress so you can get out of debt sooner and build your emergency fund faster. I know you can do it and I've been racking my brain for ideas for how we can do this together.
I came up with an idea and convinced my husband and staff that we should offer you this deal: I will send you one of my books--the hardcover edition of "Live Your Life For Half The Price," FREE (plus shipping/handling) when you buy, give or renew a one-year Debt-Proof Living Online membership ($29). I hope you agree this is a win-win situation!
This hardcover book that retails for $23.99 is jam-packed with tips, tricks, resources and how-tos for slashing the cost of everything you spend money on in your normal day-to-day living.
There are so many reasons that you need to become a part of my Debt-Proof Living family. Whether you're deeply in debt and worried about the future, or doing well and want to make sure that continues, we offer the help you need to get out of debt, the community you need to make sure you are not alone and the resources and tools you need to make sure you are successful.
Do this: Go to the DPL Bookstore, put a One-Year DPL Online Membership and one copy of "Live Your Life For Half The Price" into your shopping cart. Before clicking checkout, use this COUPON CODE: LYLFREE in the discount code and you will get a credit for $23.99 (the price of the book) as you complete the transaction. That's it! You can also get details on my webdesk.
This deal is available for one week only, so don't delay. And yes, you can share the coupon code freely. Help us spread the word!
Have a great week.
Tuesday, July 21, 2009
Pay It Forward
Here is a link for a story I saw on the national news last night, Pay it Forward. About a Pay it forward chain at a coffee shop. At the time of the story over 1,300 people had kept it going and it was still going.
Along with paying what they would have paid for their coffee, many people are donating more and they are starting a fund to donate to people in need.
Along with paying what they would have paid for their coffee, many people are donating more and they are starting a fund to donate to people in need.
Thursday, July 16, 2009
Stores No Longer offering Back to School shopping Lists
There is an article in the Prosperity 4 Kids newsletter about stores not offering shopping lists for school supplies because of the chance of referring items containing lead paint. The article gives suggestions of school supply lists.
Tuesday, July 14, 2009
Financial Education
On the Suze Orman Show on Saturday night there was a 28 year old with $210,000 in credit card debt. He has also filed bankruptcy twice before. When asked he thought he had $100,000 of debt. Suze said when they added it up, it was $210,000. His parents have bailed him out twice before and 90% of the current debt is in their names.
Between his 2 previous bankruptcies and the current debt, the total amount is almost a million dollars.
He has 65 credit cards, which half have balances. Half of the credit cards are in his parents names.
His parents are both 63 years old and retired, so it is getting difficult for them to continue bailing him out. When he runs up the credit cards, his parents take an advance on another credit card in their names to pay off his debt.
He is still spending almost $1,000 a month on eating out, coffee, going out, etc.
This is another example of why I feel is it very important to teach children about financial matters and consequences of getting into trouble with debt.
Between his 2 previous bankruptcies and the current debt, the total amount is almost a million dollars.
He has 65 credit cards, which half have balances. Half of the credit cards are in his parents names.
His parents are both 63 years old and retired, so it is getting difficult for them to continue bailing him out. When he runs up the credit cards, his parents take an advance on another credit card in their names to pay off his debt.
He is still spending almost $1,000 a month on eating out, coffee, going out, etc.
This is another example of why I feel is it very important to teach children about financial matters and consequences of getting into trouble with debt.
Monday, July 13, 2009
Suze Orman on Oprah
On Wednesday, July 15th Suze Orman will be on Oprah with a Recession Rescue plan. This show first aired in April 2009 and gives ideas about ways to get through our economic times.
Subscribe to:
Posts (Atom)
