Monthly Archives: December 2009

Financial Resolutions for 2010

Happy New Year’s Eve! I don’t know about you, but 2009 has been a pretty crazy year for me. Lots of ups, downs, and plenty of in-between. My goal for each year is to be a little bit better — a better worker, son, friend, person, etc.

I know that everyone has their own opinion with regard to the importance — or legitimacy — of New Year’s Resolutions. Personally, I have a few for myself every year that I write down in my daily planner. I keep them to myself, and I track each month to see if I am working toward each of those resolutions (I like to call them goals).

While I keep my overall resolutions to myself, my personal finance ones are a different story.

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Money Lessons? Start ’em Young.

There was an interesting article I read on New York Times’ Web site this morning about teenagers, their spending habits, and the recession.

Basically, the main point of the article was teenagers are cutting back on their spending accordingly to what they see with their parents. Stores that are grossly expensive like Abercrombie & Fitch are feeling the pinch, while other less-expensive stores — including Marshalls and Aeropostale — are thriving.

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Cobra Bite

A couple of weeks after giving my notice to my former employer, I got a package in the mail from Infinisource, the company that processes COBRA for outgoing employees.

COBRA is an acronym for the Consolidated Omnibus Budget Reconciliation Act of 1985, which gives people the option to continue receiving the same health coverage they had when they were employed, albeit at their own expense. You don’t have to do it — but the option is given, particularly if you have other dependents.

I’m healthy, single, and have no need to continue my health or dental at this time. Additionally, my new employer allows me to apply for insurance after only 30 days. But, the amount of money per month I’d have to pay for COBRA floored me.

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Weekly Roundup

I hope everyone had a very merry Christmas, got everything they wanted, enjoyed time with family, and stuffed themselves with tons of delicious food. I know I did. My stomach hates me, but it’s well worth it.

Anyway, even though it was a short week, there were a couple of stories that hit home and can help you as you begin to make your resolutions for 2010.
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Merry Christmas!

Just wanted to wish everyone a very merry Christmas — I am visiting family on vacation for a little more than a week now. For the next two days, I’ll be fairly radio silent but will come back with more posts starting on Saturday.

With the end of the year and a new job approaching, there are particular personal finance items I will have to take care of, and blog about.

Until then — eat, drink, and be merry!

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Daily Dimes 12/23/09

So, what’s really in a word? When you whip out your Capital One card to pay for groceries at a supermarket, what do you tell yourself you’re doing? Charging it?

Sure, you’re using a credit card to do it, but you’re charging it … right?

Well, maybe. But know that there is, in fact, a difference between a charge card and a credit card.
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Daily Dimes 12/22/09

We’re coming down to the wire for Christmas. Those of you who have been waiting — either on purpose or otherwise — to get gifts are facing the crunch, I’m sure.

You want to do something witty and creative, so you are remembered, but you have a couple of problems: One, you don’t have that much money to spend. Two, you just don’t have time.

With wrapping up items at work or around the house to prepare for the holidays, you don’t have hours to brainstorm and spend in stores looking for the perfect gift.

So, what do you do?
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