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15.11
2009
Author:
admin
Tags:
Holiday Holiday Savings
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Holiday Savings with Citi Cards

The holiday season is now officially upon us. Before long you’ll be shuffling off to family events and eating far more than your belly can handle. Of course getting presents for loved ones and friends is also part of that holiday tradition, and it can cost you a pretty penny at that. However, there is a clever way to score some of those gifts, cash in your reward points. You can totally hook up your family and friends with some swag just by using your card. Let’s map out your master plan to making this years holiday season the most cost effective one yet.

    Take advantage of those 6 month 0% APR offers that credit card companies like Citi are offering Earn points toward merchandise by purchasing gifts with your card Maximize the ways you earn points

That’s it. It’s as simple as 1-2-3. You can spoil your friends and family without any heavy lifting. All you need to do is put the gifts you were already planning on buying on your credit card, pay the bill at the end of the month (0% interest remember), any then sit back and reap the reward benefits. The best

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13.11
2009
Author:
admin
Tags:
Time Time Make
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Take Some Time to Make More Money

I love rules. In fact, the more restrictive the guidelines, the better.

It’s not that I like someone telling me no. But I just love trying to find a way around restrictions. Every time someone tells me how I’m not supposed to be able to do that, I always respond with “please tell me which rules I’ve broken”.

This time though, I don’t think I’ve just stretched a rule of the personal finance world, because I actually broke one. Not only did I buy a cup of latte, I kept buying them for the past few weeks.

Am I screwed?

I’m not sure how you would answer, but I have a sneaky suspicion that I won’t be. Yes, there are those who saved millions with an below average salary, but for everyone of those people, there are thousands more who reached their millions through a much higher income. While sav

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13.11
2009
Author:
admin
Tags:
Deficit Trade Deficit
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US Trade Deficit Continues to Climb

America’s trade deficit continued to increase in September as demand for foreign oil and automobiles caused the gap to increase 18 percent to $36.5 billion. The increased demand for foreign goods could be a signal that consumers are preparing to open their wallets again, a point that some analysts see as a positive sign even as the trade deficit widens.

“Sometimes what looks bad on the surface is actually quite good and I think that’s the case this time around,” said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto. “Exports are growing strongly and imports are turning up because domestic spending has turned the corner.”

Bloomberg

11.11
2009
Author:
admin
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Obama Dollar to ‘Devalue the Way to Prosperity’!

Contrarian long USD positions remain costly. Forget the Japanese housewife, it’s the Brown’s, Smiths, Jones etc who have been piling into a global carry trade, similar to Japans’ lost years, using the USD as a vehicle currency. It will end in tears. Is the Obama’s administration policy one of quiet, steady dollar devaluation? A weaker domestic currency gives way to cheaper exports and the potential for increased employment opportunities. With a 26-year high unemployment rate sitting at 10.2%, itching to go higher (real rate supposedly near 17%), is begging Obama to ‘devalue the way to prosperity’!

The US$ is weaker in the O/N trading session. Currently it is lower against 14 of the 16 most actively traded currencies in a ‘subdued’ trading range.

Fed voting member Janet Yellen and her dovish comments gave little support to her domestic currency yesterday. She stated the

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11.11
2009
Author:
admin
Tags:
Coupon
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4 Tips for Avoiding Extra Spending Just Because You Have a Coupon

Coupons, coupons, coupons. Gotta love those savings… right?

It’s a safe bet that most of us who read this blog love coupons. We routinely check our newspapers for special offers, and we refuse to make purchases without searching for discounts because we are very careful with our personal finance. I like coupons and saving as much as the next guy, but lately I have been feeling the effects of coupon invasion.

It’s actually a pretty ingenious move on the part of the retailers: give the customer a coupon at checkout for their next purchase and you can almost guarantee that they’ll be back. Even better, ask for their email and mailing addresses and send them MORE coupons. With so many excuses to return to the store, the casual visitor becomes a regular customer in no time.

The problem is, we don’t always need to spend. However,

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10.11
2009
Author:
admin
Tags:
500 500 Accomplish
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What Good Will Giving Each Baby $500 Accomplish?

As if we don’t have enough government programs as it is…

MSN Money posted an article over the weekend titled, Junior’s 1st Paycheck: $500 at Birth.

I wrote about this program, called ASPIRE, in the past. The goal of ASPIRE is to give EVERY newborn baby a $500 savings account to be used for college, buying a home, or retirement. Babies born into lower-income families can receive more than $500. How much more? $500 for a total of $1,000.

Regardless, let’s focus on the $500. How much could $500 be worth by the time the recipient is ready for college? Not a lot, as my math shows:

Assuming a 10% rate of return (7% after inflation)…

$500 × (1.07)18

$500 × 3.38

$1,690

That’s right…$1,690! Yes, this is as

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