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Random Thoughts About Personal Finance - The Dollar Stretcher
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The Dollar Stretcher blog will explore people and money.

Random Thoughts About Personal Finance

Some random thoughts about personal finance:

A lot of people who can't find jobs are going back to school. More education is usually good, but what happens if the take out additional student loans and still can't find a job after they complete their education. Seems that you'd need to be very sure that your chosen field will have job openings when you graduate to make this strategy smart.

Baby boomers will have a rough time in the job market. Even if the economy suddenly got much better, employers will hire the many 20-somethings that are unemployed first. Their wage requirements are lower and their medical insurance cost is lower. Boomers need to rethink the kinds of jobs they're looking for. The odds of finding a job like the one they lost are pretty low.

What would you do if gas hits $5 a gallon? Many experts think that's possible this summer. For most of us that would be a big burden on the family budget. Might be a good idea to start making changes now so that the adjustment isn't so painful later.

Wish everyone had joined us for our Twitter #DlrChat last Tuesday. One participant (@scg003twitparty) won a Kindle. Everyone who participated learned something about preparing to buy a home. The next #DlrChat will be on March 20th and will discuss retirement accounts. If you can, put 3pm Eastern on your calendar.

Finally, a reminder if you're getting a tax refund to use it wisely. Don't get a 'refund anticipation loan' (RAL). Typically you're paying an interest rate of over 100%. And, if you can apply your refund to a credit card balance you'll multiply the benefit. Kind of like the gift that keeps on giving!

Keep on Stretching those Dollars!

Gary

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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