Monday, May 26, 2008

Weekend Round Up

I hope everyone's had a wonderful Memorial Day Weekend. Its time for the Weekend Round Up highlighting some of the great posts shared over the last week by my fellow PFBloggers.

Kristy over at Master Your Card continues the Emergency Fund Debate. Personally, I don't see how one can not have a emergency fund, life happens and you've got to have a pool of money some place that you can draw from. What are your thoughts on Emergency Funds, please share over at Kristy's post.

Living Almost Large posted about the Rising Luggage Costs. I guess I've been living in a cave and haven't seen the news lately and haven't traveled in the last month to be aware of this new trend. Luckily when I fly for business I rarely check bags but I usually fly once or twice a year for personal travel and always check bags, I guess I'll be having to figure out a new plan of action this year.

Get Rich or Die Trying's JB recently got married (Congrats go out to him) and is on his way to Vega. He posted about why he choose to spend money on a Honeymoon rather than paying off his debt. I think he did the right thing, you can't go on an all out money diet or you will fall off the band wagon, I think JB is making the smart money moneys, even though he's going on vacation he was still budget conscious. What do you think?

Seb at Pinching Copper pondered whether Credit Cards will be the next Financial Crises. I'm sad to say I think they will. I think its a spiral effect, first the house then the car and then credit cards. I think we headed down a couple of years of bad times. But I'm hopeful none the less.

Wide Open Wallet's Mom recently posted about Credit Protection and why its not needed. Everyone watch out, there's all types of gimmicks like this around. I told you all a while back about booking my cruise for this summer, well one of the add ons included unless you specifically requested it be removed was medical protection insurance, basically for an extra $30/person you are guaranteed that your money from the cruise will be refunded if you have a medical reason documented by a doctor for being unable to attend. But what they don't tell you is that up to 7 days before the cruise you can receive 60% of the costs back no matter the reason and IMHO if you really can't afford to loose the costs of the cruise then you shouldn't be going anyway.

Kevin at No Debt Plan shares why you should only buy appreciating assets on credit. Also check out his post on Credit Cards and Depreciating Assets don't mix. We're in full agreement. I plan to never buy any depreciating asset on credit including cars.

Despite agreeing that credit cards and depreciating assets don't mix, I am still a fan of the credit card much like Penelope at Our Four Pence Worth who posted about why Credit Cards Really Aren't so Bad.

2 comments:

Mom @ Wide Open Wallet said...

Thanks for the mention!!

Penelope @ Our Fourpence Worth said...

Hey FM,

Thank you for the mention and for your comment on my last post!

P

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