The Buffalo News : Business Today

Sunday, July 20, 2008

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Personal Finance

Money skills are best learned young
By Kate Brumback - ASSOCIATED PRESS
Updated: 07/20/08 7:03 AM

While his friends spend their money on video games and candy, Nicholas Sella saves most of his $8 weekly allowance, investing part in stocks and stashing the rest into a savings account.
So why does the $1 bill still exist?
By Tom Hundley - CHICAGO TRIBUNE
Updated: 07/20/08 7:03 AM

Could it be our fascination with George Washington’s Mona Lisasmile? What else keeps the dollar bill alive despite its obvious obsolescence?
Defined-contribution plans growing, improving
By Dave Carpenter - ASSOCIATED PRESS
Updated: 07/20/08 7:03 AM

Once just a supplement to the pension system, defined-contribution plans such as 401(k)s are growing and changing fast as they evolve into a linchpin of Americans’ retirement savings and offer increasingly innovative investment options, a new study indicates.
Seniors can still get rebates
— Detroit Free Press
Updated: 07/20/08 7:03 AM

Some low-income seniors need to know that it’s not too late to make a move to get a stimulus check.
IRS warns of I. D. scams
— Associated Press
Updated: 07/20/08 7:03 AM

The Internal Revenue Service is warning taxpayers of a rash of identity theft scams where thieves try to steal personal information by promising tax benefits or threatening penalties.
More are tapping 401(k)s
— Associated Press
Updated: 07/20/08 7:03 AM

Americans are raiding their already fragile retirement piggy banks to weather financial hardships such as unemployment, emergencies and buying a home.
It costs less to cancel a phone

Updated: 07/20/08 7:03 AM

Consumers are getting some relief as major wireless phone carriers are reducing hefty early cancellation fees for service contracts.
Charitable giving held steady
— Associated Press
Updated: 07/20/08 7:03 AM

Americans gave to charities last year at about the same rate they did the previous year, holding steady on their donations in the face of a housing-market meltdown and a crisis in credit, a study released last week showed.
Bankruptcies /Filings from July 11 to July 18, 2008

Updated: 07/19/08 6:53 AM

The following cases were filed in U. S. Bankruptcy Court in Buffalo, with assets, followed by liabilities. Chapter 7 bankruptcies are for liquidation of assets; Chapter 11 seeks temporary protection from creditors; Chapter 12 is a farm bankruptcy and Chapter 13 is a wage-earner bankruptcy.
Efficient cars can help fuel gas savings this summer

Updated: 07/14/08 6:37 AM

As car buyers flock to more fuel-efficient cars, a common dilemma is how to get the most gas mileage for your money.
Choosing a new credit card
By Chuck Myers - McCLATCHY NEWSPAPERS
Updated: 07/14/08 6:37 AM

Low interest rates may offer a good time to apply for a new, or even first, credit card. Several considerations, such as interest rate and fees, should come into play, however, before a consumer signs on to a new credit card.
Lower your electricity costs
By Marshall Loeb - MARKETWATCH
Updated: 07/14/08 6:37 AM

NEW YORK — This summer, the average household’s electricity usage will jump. Many people can thank their air conditioners for this. In an attempt to keep their houses cool, they blast the a/c which, in turn, causes a run up in their electricity usage.
Save on airfare this summer
By Marshall Loeb - MARKETWATCH
Updated: 07/14/08 6:37 AM

This summer don’t be surprised if your airline ticket causes sticker shock. The high cost of oil has driven up fares, in some cases two and even three times what they were just one year ago.
Fuming about gas? It’s worse in Europe
By Marla Dickerson - LOS ANGELES TIMES
Updated: 07/13/08 7:12 AM

Honked off by American pump prices? Cheer up. You could be commuting in Oslo, Norway, where gasoline costs $9.85 a gallon and filling up a Mini Cooper would set you back $130.
Late financial aid tips
— Associated Press
Updated: 07/13/08 7:02 AM

The next college year starts in less than two months, so students are quickly running out of time to figure out how to pay for those typically hefty tuition bills.


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