Have trouble saving money? Here’s a deceptively simple plan to boost your savings. Shift as much of your everyday spending to cash as possible. Choose one denomination that you receive back in change and never spend it. Deposit the accumulated bills in the bank instead. [More]
a penny saved
There are grave injustices in this world, some of which may require an immediate response from emergency personnel. But claiming you were overcharged by a penny for a beer is not one of those injustices. Heck, it’s not even a minor transgression. And yet police say a man called 9-1-1 three times to complain about his ordeal. [More]
The good news is we’re having a nice little boost in income, according to a government report, but we’re not taking that cash and spending it in stores. Perhaps we’re still a bit nervous about splashing out and spoiling ourselves in light of all the economic anxieties facing consumers out there. And we get it — the thought of buying a new computer makes me a lot more nervous than having to constantly perform technological CPR on an ancient one.
Money is money, which is why one man figured the bank wouldn’t mind all that much if he finally paid off his mortgage with around 62,000 pennies he’d saved over the last 35 years. He said he just wanted his last payment on the house he bought in 1977 with his wife to be “memorable.” At two 400-pound boxes, we’d say that penny payment isn’t going to be forgotten soon.
Personal income is on the rise in the U.S., and while we’re going out and spending a little bit of that cash, consumers are still keeping belts tightened and saving money. The Commerce Department said today that consumer income is up a little bit over last month, but spending is only up a modest amount.