Tuesday, August 29, 2006

Currently Reading...

Hamilton went on to oversee the creation of the First Bank of the United States, the ancestor of today's Federal Reserve. Even more important for America's future prosperity were Hamilton's plans for government-encouraged industrial capitalism. "The magnitude of Hamilton's feats as treasury secretary has overshadowed many other facets of his life: clerk, college student, youthful poet, essayist, artillery captain, wartime adjutant to Washington, battlefield hero, congressman, abolitionist, Bank of New York founder, state assemblyman, member of the Constitutional Convention and New York Ratifying Convention, orator, lawyer, polemicist, educator, patron saint of the New-York Evening Post, foreign-policy theorist, and major general in the army," writes Chernow.

Saturday, August 26, 2006

A Little Yellow Basket...

For the first time I'm actually going to apologize for the lack of posts. I'm doing this because I suprisingly have several people that subscibe to my feed! A lot has been going on with the two of us. Don't worry, it's positive. I can't announce it right now, but I'll give a little hint. I believe there's a song that goes..."A trisket, a trasket a little yellow basket..."

Monday, August 21, 2006

Gas under $2...and then you wake up...

Tamara @ Banktrate asks "Will American motorists ever again see gas under $2 a gallon?" She finds that some experts say "no" over the short term. They point out that it's due to the recent history, along with the current economic and geopolitical conditions. But over the long term it's a definite maybe. An expert says that if the U.S. became serious about investing in alternative fuel sources, oil producing nations would cut the price of oil in half! The present prospects for alternatives are Biodiesel, ethanol and hydrogen. But this year Saudi Arabia announced that they will be trying to get to it's "hard to reach" oil reserves. It's said that "the oil is heavier than that which is currently used, and it requires special equipment to get it out of the ground and to free it from impurities." If the they are successful, in four or five years, they might have much more oil coming online. Other options are the oil sands of Canada, an area in the northern part of Alberta. But that spot as well will have oil that is hard to reach. Many projects have been started to increase the global supply. "A major shift in the global economic climate could also cause gas prices to trend downward. " One of the main reasons for higher gas prices is an increasing demand for oil. They say that American consumers and car buyers can play a role in gettnig gas prices to decline. Interesting...

Friday, August 18, 2006

Gobs of reasons to be debt free...

Well, more like 50. Steve Bucci over @ Bankrate finds 50 good things about being debt free. Here's a sneek peek...

  • #4. Never being required to spend money you have not yet earned.
  • #7. Having a savings cushion for emergency expenses.
  • #16. Knowing how to create a realistic budget.
  • #20. Setting a good example for your kids.
  • #26. Reading a statement that reads "paid in full."
  • #29. Never having to pay late fees.
  • #32. Sleeping better at night.
  • #43. Experiencing the joy of living below your means.
  • #45. Being able to prevent financial problems before they happen.

Thursday, August 17, 2006

My money is safe at Chili's...

In a weak attempt to help prevent credit use by an unauthorized user, I have "check ID" written on the back on my credit card. I started doing it on this particular card about 3 months back. Well, today after enjoying a delicious dinner @ Chili's bar & grill, I saddled up to pay the bill and was surprised when asked for my ID! That's probably the first time out of approximately 100 times used. So roughly 1% of the time I may be safe from unauthorized credit card use. For more tips on preventing credit card theft/fraud, check out the "Federal Trade Commission."

Wednesday, August 16, 2006

Saving energy, saving money...

It's been a couple of months since I've posted about our electric bill savings, and since I recently received the bill, nows my chance! (check chart on left) It looks like becoming more aware of energy consumption, we've saved over $156 compared to the previous year. With the exception of a few months, not bad...

Thursday, August 03, 2006

August Net Worth Snapshot...

I have to admit, I was a bit reluctant to calculate a net worth this month. It seemed like a tough month between the extra summer spending, medical bills, and auto insurance premiums. But to my relief the gain wasn't so bad this month. This month we made a gain of $3,375.80 or 3.18%. Not having an extra auto loan payment, and my wife's new job probably helped a bit. I don't want to jinx myself, but I'm looking foward to the rest of this month. 5 pay periods, one less auto loan payment, wifes new job, which means more money, no more car insurance premiums, hopefully not many medical bills, and my wife's cell phone bill will be paid by her new employer. Still climbing the financial ladder...