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Savings and Debt Update

1 Jun

It’s the first of the moooonnnnnth!! Wake up, wake up. Cash your checks and come oooooonnnn!

Incremental progress is progress nonetheless. On or about the first of every month, I will post an update of my savings and debt totals.
By Sunday, I will have opened an online high-interest savings account (I’m looking at American Express @ 1.15% APR, but ING Direct does offer subaccounts) where I will direct the payments from my Direct Loans which total $330.11 monthly. I am going to set up automatic transfers of $165.00 bi-weekly from my Chase Checking Account until my loans are out of forbearance in October. To date, I have been unable to really save any of the funds due to my bar exam expenses.

SAVINGS TOTAL @ Wells Fargo: $1456.12

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Increase In Gas Prices Just In Time for Holidays

5 Dec

CNN is cautioning drivers to expect $3.00/gallon gas by Christmas, if they aren’t already paying that much.

Eliminating vehicle related expenses is definitely a plus in relocating to New York for me. I would definitely use public transportation more often, if it were possible, here in Atlanta. Here’s hoping I won’t use cabs more than necessary, which will drive up my transportation related expenses.

Here are a few tips on how to save money on gas in metro-Atlanta this holiday season:

1. Use Marta during rush hour to and from the airport
I decided to use Marta for my Thanksgiving trip to D.C. Long-term parking was only $5 per day ($30 total) and I only spent $4.50 to get to and from the airport. There was no sitting in traffic, waiting on my ride or feeling like I was inconveniencing anyone. Naturally, I provide gas money to anyone nice enough to pick me up, but one in particular took every opportunity to remind me he was doing me a favor.

2. Make sure your tires are properly inflated.
The most accurate information for how many psi your tires need is the tire itself.
The recommended amount will be written on the sidewall of the tire.

Note: Only check your tire pressure when the tires are cold. Hot air expands and will give you an inaccurate reading.

3. Make sure your car is well tuned and the oil has been changed on schedule.
The frequency with which you should do these things vary based on the make and model of your car, as well as, the type of motor oil used. Refer to the manufacturer or a trusted mechanic for more information.

4. Comparison Shop
With websites such as , you can find the best value on gas in your area without leaving home or the office.

5. Fill Up on Thursday Before 10 a.m.

…so says this article on Yahoo Finance. If you regularly visit one or two stations in your area take note of when the prices are changed. Too busy to do so? It can’t hurt to ask the staff.

Happy Saving!