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• Get a stimulus check every year

  Posted Jul 22 2008, 07:25 AM by Karen Datko
  Filed under: Blueprint for Financial Prosperity, Groceries, Transportation, Budgeting
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  This post comes from partner blog Blueprint for Financial Prosperity.

  With presidential hopeful Barack Obama mentioning a potential second economic-stimulus check, many folks are clamoring to know more. Unfortunately, there's not much else to say about it other than that he'd push for one in the short term.

  I, however, offer a different solution. In order to find an additional $600, you need only cut $50 in spending a month. In reality, that comes out to only $11.54 a week. Reduce your spending by $11.54 a week and you will have created your own stimulus check. That's it.

  Can you do it? I'm betting that you can, and here are some recommendations for what you might want to trim.   Read More...

  Discuss ( 16 comments) 12,630 Views Digg this | Email this | Link to this

• A reasonable approach to buying your teen's first car

  Posted Jun 04 2008, 03:52 PM by Karen Datko
  Filed under: Spending, Karen Datko, Transportation, Budgeting
  Rating:

  "Frugal Dad" has some great advice for buying your teen's first vehicle, and it starts with this: Don't buy your kid a new car.

  "Some out there hock their own financial futures to put their prince or princess in a brand new car, and pay for it long into their college years," Frugal Dad writes. "Not only is this harmful to the parents' financial plan, it sends a bad message to teenagers." Need we say more about encouraging a sense of entitlement?   Read More...

  Discuss ( 6 comments) 2,123 Views Digg this | Email this | Link to this