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Posted in Economy, Financial News, Savings Account

Recently, CNNMoney.com asked Americans if they would be interested in helping to pay down the national debt, and the answer seemed to be a resounding "No!"

However, there is indeed a $12 trillion debt to pay down, and Uncle Sam is looking for Americans to make tax-deductible donations to help reduce it. Will you help?

U.S. Debt Donations: Not a New Concept

This may be the first time you've heard of making a donation to pay down the U.S. debt, but this is actually a nearly 50-year-old concept. Since 1961, Americans have been donating millions under the "gift to reduce the public debt" program.

In fact, the program has seen some of its biggest contributions in the past three years. And so far in 2009, the program has seen $3.1 million in total contributions - the largest in at least 10 years (the biggest total contribution year prior to 2009 was in 1994 when $2.4 million was donated).

You're Asking Me to Donate?

Of course, just because some people are donating doesn't mean everyone will. To prove this theory, CNNMoney.com recently took a team to New York's streets to see if anyone would take interest in donating to the fund. The answers the team received ranged from "They can use my tax dollars to do that and work it out," to "Hell no."

Not everyone is turned off by the idea of donating, however, which is probably why many people contribute regularly or even leave their estate to the fund when they die. If you are interested in donating, you could visit the Treasury Department's Bureau of Public Dept and check the FAQ section. Or you could find information on page 91 of the IRS' 2009 Instruction Booklet for Form 1040.

Just keep in mind that the amount donated each year is said by experts to not put a deep or lasting dent in the debt. In other ways, you may want to consider saving your own money for an uncertain future rather than help to pay down the national debt.

Would you give a donation to help pay down the U.S. Debt?


Posted in Economy, Infographics, Personal Finance, Savings Account

The unemployment rate is hovering just below the double digit mark, despite all the reports of the recession being over and the economy turning around. People are still getting laid off and they're still having a hard time finding work.

Yet, there are those out there that say there are jobs. But where? Where are these magical jobs?

We had no idea either, so we took four of the fastest growing jobs -- CPAs, nurses, sales directors and project managers -- and plugged them into Indeed.com for 25 of the nations largest cities. The maps below represent what we came up with.

To view an interactive version of these maps, click here.

CPA Jobs

jobs-cpa1

Nursing Jobs

jobs-nurse

Project Manager Jobs

jobs-project_manager

Sales Director Jobs

sales-jobs

Do these match the jobs you're finding if you're in the market?

If you're worried about losing your job, you probably should start saving now, let us help you find the best savings account rates!


Posted in Saving Money, Savings Account

Thanksgiving meal

With unemployment rates at record highs and money not growing on trees, celebrating the holidays on a budget is the goal of most Americans.

One of the biggest expenses of holiday celebrations is the cost of food. Generally, the turkey isthe biggest expense of the meal. However by making some...



Read Full Article: How to Keep Your Holiday Meal Under Budget

Posted in Financial News, Investments, Personal Finance, Savings Account

The 529 college savings plan that many parents have taken advantage of for years have seen a significant decrease in participation in 2008 and 2009. This comes from Financial Research Corp., a Boston research firm that has been keeping track of the amount parents have been setting aside over the...



Read Full Article: Parents Dropping Out of 529 College Savings Plan

Posted in Economy, Financial News, Savings Account

While companies are still letting employees go by the thousands and unemployment continues to increase, there is one bright spot on the job front: temporary employment.

According to recent information released by the Labor Department, temporary help services added 44,000 since July 2009 - this...



Read Full Article: More Employers Seeking Temporary Help

Posted in Credit Union, Rates, Savings Account

Indiana residents could benefit from a 1.66% APY for balances of $100,000 and over on the Advantage Savings Account from Members Advantage Credit Union . Here is a full list of the account's rate tiers :

  • 1.66% APY - $100,000 and over
  • 1.41% APY - $50,000 - $99,999.99
  • 1.01% APY - $25,000 -...


Read Full Article: Members Advantage Credit Union Offers 1.66% APY Savings Rate

Posted in Personal Finance, Saving Money, Savings Account

Thanksgiving Table

There is nothing like celebrating the holidays with friends and family. When it comes down to it, it is the conversation, act of celebration and general merriment that makes this time of year most memorable.

Regardless of what your plans are for the big day or days, one way to getting the...



Read Full Article: Decorating for the Holidays on a Budget

Posted in Fannie Mae, Foreclosure, Mortgage Rates

Homeowners in foreclosure may be able to take advantage of a special program Fannie Mae is initiating to help its customers to stay in their homes by renting. Known as the "Deed for Lease" program, homeowners who don't qualify for loan modifications are allowed to transfer their property to...



Read Full Article: Fannie Mae is Offering Rental Options to Owners in Foreclosure

Posted in Economy, Financial News

Not long ago, Federal Reserve Chairman Alan Greenspan predicted that unemployment would top 10 percent - it looks like his prediction just came true. According to government report released Friday, Nov. 6, 2009, the unemployment rate has reached 10.2 percent in Oct. 2009, which is the first time...



Read Full Article: Unemployment Tops 10% as Greenspan Predicted

Posted in Credit Card Rates, Economy, Financial News

The House of Representatives passed a bill to move up the effective date for the new credit card law to Dec. 1, 2009. The original effective date was August 2010, which then moved to February, before this new bill was passed because lawmakers sensed that credit card companies were conducting...



Read Full Article: Credit Card Law Given New Effective Date to Stop Unfair Practices

 

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