Archive for April, 2012

social security and medicare

Social Security Retirement Program Broke by 2033

posted in Misc

The Social Security and Medicare retirement programs are burning through cash like never before, says a government report released today, and will go broke sooner than expected. Every year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs, and the actuarial deficits for both programs worsened in 2012. Social Security expenditures exceeded non-interest income in 2010 and 2011, and the trustees estimate that expenditures will remain greater than non-interest income for at least the next 75 years! Social Security – Put a dollar in get 75 cents ...

earth

How a Frugal Lifestyle and Earth Day are Interconnected

posted in Misc

How a Frugal Lifestyle and Earth Day are Interconnected Earth Day is an annual event where one day each spring activities are planned around the world to bring attention and appreciate our Planet’s natural environment. The first Earth Day was observed on March 21, 1970 and is now celebrated in many countries each year. Thousands of school kids and volunteers will plant trees and pick up litter, and for at least one day, make the world a little more clean and healthy. In a world that idolizes possessions, status symbols, and everything shiny, frugalists take the contrarian view, and in ...

how to not spend money

How To Not Spend Money

Photo by:stevendepolo How To Not Spend Money Is that money burning a hole in your wallet? Spend every dollar you make? Always broke? Can’t seem to save up for anything? Or maybe you find yourself earning thousands more than you did before, but there is not a dime more in your savings account. Then it’s time to plug up that leak in your wallet with our 9 water-tight tips on how to not spend money. Auto save. This is a super simple and extremely effective method of saving money by not having the money to spend to begin with. Every ...

how much should i save

How Much Should I Save

Photo by:401k How Much Should I Save   How much should I save? Answer: As much as you can so you don’t become a statistic like the ones below! Considering the numbers reported from a few recent survey’s, I would say most Americans are not saving nearly enough as they should. If you want to know what the average American is doing, according to the US Bureau of Economic Analysis, the Personal Savings Rate from 1960 through the early eighties was around 8-10%. The rate then dramatically declined, bottoming out at less than 2% in 2006, then rebounding to the ...