7 Money-Saving Moves That Will Cost You More Later

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Penny WiseWhen it comes to saving money, too many of us try to cut expenses in the short term in ways that are almost guaranteed to cost us much more in the future.
Skipping visits to your doctor or dentist, taking advantage of store credit card offers, even putting money into an emergency fund: Under some circumstances, these can be big blunders. On NBC's Today Show, personal finance expert Jean Chatzky talks about how to avoid seven big mistakes that fall into the category of penny wise, but dollar foolish.







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Sugardadmeet.com

~~~~~welcome to our club and enjoy yourself~~~~~you are not alone and find your soul

mate~~~~~~~~.

February 07 2012 at 4:06 AM Report abuse rate up rate down Reply
lsloanpdx

I HATE VIDEOS. IF YOU DON'T KNOW HOW TO READ YOU PROBABLY HAVE NO INTEREST IN NOT MAKING MONEY MISTAKES.

STOP THE VIDEO CRAP WITH OUT A WRITTEN SIDEBAR

January 30 2012 at 7:45 PM Report abuse +1 rate up rate down Reply
Anlah

**** THE TEA PARTY AND **** ******* REPUBLICANS. **** ALL RACIST ******* BASTARDS. DEATH TO ALL. **** ALL OF YOU WHITE BASTARDS, YOU'RE ******* UP EVERYONE'S LIVES.

January 30 2012 at 10:10 AM Report abuse rate up rate down Reply
1 reply to Anlah's comment
savemycountry911

You are the racist Anla. Stop the hate and find Jesus.

January 30 2012 at 6:17 PM Report abuse +1 rate up rate down Reply
Mike

The "petrodollar" system was a brilliant political and economic move. It forced the world's oil money to flow through the US Federal Reserve, creating ever-growing international demand for both US dollars and US debt. The petrodollar system spread beyond oil: the majority of international trade is done in US dollars. That means that from Russia to China, Brazil to South Korea, every country aims to maximize the US-dollar surplus garnered from its export trade to buy oil.

As oil usage increased in the 1980s, demand for the US dollar rose with it, lifting the US economy to new heights. But even without economic success at home the US dollar would have soared, because the petrodollar system created consistent international demand for US dollars, which in turn gained in value. A strong US dollar allowed Americans to buy imported goods at a massive discount - the petrodollar system essentially creating a subsidy for US consumers at the expense of the rest of the world. Here, finally, the US hit on a downside: The availability of cheap imports hit the US manufacturing industry hard, and the disappearance of manufacturing jobs remains one of the biggest challenges in resurrecting the US economy today.

There is another downside, a potential threat now lurking in the shadows. The value of the US dollar is determined in large part by the fact that oil is sold in US dollars. If that trade shifts to a different currency, countries around the world won't need all their US money. The resulting sell-off of US dollars would weaken the currency dramatically.

January 27 2012 at 3:57 PM Report abuse rate up rate down Reply
Mike

India and Iran are negotiating deal to trade oil for gold. Does this matter, you ask? It strikes at both the value of the US dollar and today's high-tension standoff with Iran.

Officially the US & EU is Tehran must be punished for efforts to develop a nuclear weapon. Sanctions on Iran's oil exports meant to isolate Iran and depress the value of its currency to a point that the country crumbles.

Sanctions will not achieve their goals. Iran is far from isolated and its friends - like India - will stand by the oil-producing nation until the US backs down or acknowledges the real matter the American dollar as the global reserve currency.

In the 1970s a deal cemented the US dollar as the only currency to buy and sell crude oil, and from that monopoly on oil trade with the US dollar as the reserve currency for global trades in most commodities and goods. Massive demand for US dollars ensued, pushing the dollar's value up. Countries stored their excess US dollars savings in US Treasuries, giving the US government a vast pool of credit.

If the US dollar loses its position as the global reserve currency, the consequences for America are dire. The dollar's valuation stems from its lock on the oil industry - if that monopoly fades, so too will the value of the dollar. Global fiat currency relationships will change. Gold will rise. Uncertainty around paper money always bodes well for gold, and these are uncertain days indeed.

GOT GOLD?

January 27 2012 at 1:42 PM Report abuse rate up rate down Reply
dukerelli

Marking merchandise up before a two/for sale is against the law as is marrking up orig price just for comparison to sale price ex: reg price 4,19,markup to 4.89,sell @ 2/8.00....same for reg sale 4,19 reg ,mu to 4.89 put on sale @ 3.99...after sale change signs and/or price tags to orig 4.19.......its easier now with bar-codes ,just change sign on shelf to higher comp...violation should notify BBB,or bureau of consumer affairs

January 26 2012 at 1:10 PM Report abuse rate up rate down Reply
captsunshine2

Still waiting for the story of 7 money saving tips to save money. Where is it ??

January 25 2012 at 6:51 PM Report abuse rate up rate down Reply
Mike

Yes holding those worthless Fed res dollars will/is costing you. Printing has increased to keep up with US treasury's need for them as debt buyer of last resort. Euro is doing same for their debt but doesn't hold the luxury as world's res currency. Fed exports inflation to the world, Euro can't & WILL hyper inflate to ZERO. Europe WILL run to the dollar as others trade for gld/slvr. Even with a small demand increase gld/slvr price WILL rise outside the fed's ability to keep suppressed & dollar WILL start its final fall, world WILL panic & gld/slvr will BE the only reserve currency, again. World fiat system is collapsing & we face deep depression. Got Gold? China & India does, why's that you figure?

January 25 2012 at 6:23 PM Report abuse rate up rate down Reply
shirleymom797

raaaaaaaaaaaaaah

January 25 2012 at 4:24 PM Report abuse rate up rate down Reply
SPQR

Half the time the dentists take as many xrays as they can because they can charge with no problem. Most xray machines are so old that they show nothing. Brush your teeth after every meal. Eat your dog, sell your pets you don't need them

January 25 2012 at 3:37 PM Report abuse rate up rate down Reply