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Great consumer tips -- and they come from Uncle Sam

Posted Jun 16 2008, 09:25 PM by Karen Datko
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The federal government may not be winning many popularity contests, but our partner blogger J.D. Roth of Get Rich Slowly found a treasure-trove of wonderful consumer tips in a U.S. government publication, the 2008 Consumer Action Handbook.

The fact is, there are plenty of useful federal government Web sites about all sorts of personal-finance matters. (Two we've found particularly helpful are www.irs.gov and Social Security Online.)

The Consumer Action Handbook contains advice about extended warranties (usually not worth the money), credit insurance offers (just say no) and other ways that companies try to suck money from your bank account.

Some more examples (to read even more, click on the links):

And, here's a big catchall: If it sounds too good to be true, it usually is. "Offers that often fall into this category are promises to fix your credit problems, low-interest credit cards, deals that let you skip credit card payments, business/job opportunities, risk-free investments, and free travel," J.D.'s post says.

Comments

 

Hey Karen...how about writing something original yourself instead of using other people's blogs for your article ideas?  

What difference does it make where the information came from as long as factual.  The more the info is put out there the better.  Not everyone blogs! Altho' I may have already known the above facts, it is a nice reminder.  I happen to agree with the money grubbing offers that credit cards offer.  I'm trying to pay off my cards that I don't use, and they are adding $25 every month for payment protection.  If I need to miss a month's payment, it'll be because I'm dead.

that's it?

Gasoline? Who needs it. Honda has hydrogen fuel cell vehicles running  in Calif.

No oil needed. Can this be the answer to our oil crisis?

waisted my time to read this. so much wonderful consumer tips. whatelse.

I would be interested to hear more about that. These things listed here should be common sense to people....but I guess that's just me.

Government giving citizens advice on saving money?  Just give us the economic stimulus checks and watch your own spending.  What is the national deficit now?  Like $150,000 for every man, woman and child in the US?

"Gasoline? Who needs it. Honda has hydrogen fuel cell vehicles running  in Calif. No oil needed. Can this be the answer to our oil crisis?"

Not in our lifetime. If you think $4 gas is expensive, you will go broke paying for hydrogen. Do you have any idea where hydrogen comes from? Currently, the most economically feasible method is from the reforming of natural gas and the gasification of coal. Both methods require tremendous amounts of energy to produce. It merely transforms one form of energy (coal or natural gas) to another (hydogen). The net sum gain is zero, because you are polluting to make pollution-free hydrogen. You may ask what about solar technology to produce hydrogen? We have that technology, but it costs an arm and a leg. How about $15 a gallon for hydrogen? One possibility is to use nuclear power plants to generate steam and electricity. Steam can be used to gasify or liquefy coal to make hydrogen, natural gas, diesel and gasoline. The electricity can be used to produce hydrogen from water. Nuclear looks real good, both from a pollution and a cost standpoint. The French gets 80% of their electrical power from nuclear. Why can't we? Will the crazy enviro wackos let us? If not, be prepare to pay $10 for gas within the next five years.

Always,always buy only regular grade gas.Virtually no car needs premium or mid grade gas.

Hey Jerome, how many hydrogen stations are in your neighborhood? And since you are all about sending American jobs overseas, why don't you move overseas so that you will be closer to the manufactors of your precious Honda!

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