If you have high credit card debt or want to purchase a car. One way to avoid paying the high interest would be to take out a home equity loan. If you are a home owner, use it to your advantage. The equity is handy and the interest rates are low but that’s not the best thing. It is tax deductible. So, you have a lower rate and bigger tax return. If you are paying 18-20% interest on credit cards than you would come out better doing this if you are a home owner. So use your money wisely and avoid paying high interest. You live and learn. Saving is the way to go. Oh, by the way, whats up with the gas prices (he,he are they crazy). Good luck all on your saving. I know I need it he,he.
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This blog asks a simple question: "What are you saving for?" Its goal is to help people set savings goals, develop a disciplined and/or systematic savings habit, and build a corresponding community of like-minded people as a support network. By laughing, crying, and discussing how we each approach this topic together, we should find it much easier to save together. So what are you saving for?
Gas prices are definitely out of control and I don’t think they will improve anytime soon. 15 gallons for $55…I need to start riding my bicylce to the gym and to do errands! On the serious side, I don’t just get in the car and drive to go hiking or biking in the mountains like I used to and I even avoid driving an hour to see family or friends for an afternoon or for dinner unless it is a special occasion or I have not seen them for a while. Hard as this can be, this is one area where you hav to ask yourself is it worth $20-$30 for that bike ride in the mountains? On the plus side, If I can build up my mileage and bike to the mountains, I will save money and improve my health and fitness levels.