Everyone is talking about how to save money every month, which is a good thing. But check this article out by CNBC. These are the items that hurt America more than it helps. This article goes on to say, how savings is great, but not to help the economy!
In last week’s Wall Street Journal, there was an article called, “Star-Spangled Bargains: Americans are natural shoppers and this holiday season they need to do their patriotic duty and rid the nation of recessions.”
You see the problem here?
There was a great article on creditcards.com this month: “Frugality: Just a fad? Or will consumers keep saving post-recession?”
If you saved that $4 that went into Starbucks’ pocket every day, you would have an extra $7,200 in five years, not to mention interest. Would you be sad about all those lost lattes? I doubt it, but I can say for sure that you would be thrilled to have a cushion during these hard times.
Here’s an idea: Don’t think about saving a $1 here or there. Think about the fact that every $1 you save today, will be worth $2 in five years. Why? Since you have already paid tax on this income, this goes right into savings – that gives you a 40% ROI on that money – right now!
How about your $50 gym membership? Would it hurt you to exercise outside during the summer months? That’s an extra $300 a year.
Rich people become rich by being frugal. If we want to protect ourselves from the next recession, let’s adopt frugality as a lifestyle change.
How about this as a New Year’s resolution? Cut one expense a month. Start by canceling that magazine that never gets read. Who knows? Maybe by year’s end, frugality will be running through your veins and you might not be thinking how to save money each month!
Want an easy saving money tip on Urgent Care Clinics? Many think they are being frugal by visiting your friendly neighborhood clinic instead of the hospital. What you might not know is that the clinic is owned by the hospital, and therefore bills like a hospital.
The 
The Federal Reserve is continuing to hone in on unfair practices with plastic money, but in my opinion they are not going far enough – we need Gift Cards with no fees. After passing the Credit CARD Act earlier this year, it has now proposed rules that would “restrict the fees and expiration dates that may apply to gift cards,” said a press release last week. Under the pending rules, gift card terms and conditions would be required to be stated clearly.
Are you currently cosigning a loan? Are you thinking about ending that relationship? In my book, 
The trouble for homeowners isn’t over yet.
For the first time, FICO revealed to 
