Weekwrap: Out of Money
CARS lives! Or does it.
Just a week after going into effect, the "Cash for Clunkers" trade-in program was on the verge of running out of money. Dealers jumped the gun, taking applications in early July, before the funds were readied and the program was hit by a flood when the switch was flipped last week.
Never fear, the U.S. House rang in Friday with $2 billion from the stimulus program to keep the program going. The Senate will take up the issue next week.
One of the biggest and fastest consumer successes of the Obama administration, the program helps relieve auto inventories and puts more fuel-efficient cars on the streets. Is there such thing as a win-win these days? What about the gas stations and oil firms? Will they see a decrease in business?
Surely any effect from "Cash for Clunkers" will be marginal on big oil to start, but the trend is moving along.
For more ways to save money and move your financial goals along, take a quick lap around some of the best of the Web this week:
Emergency Magnified: What do you do when your emergency savings begins to dwindle? Here’s a plan to help you to make it through.
Powerful Career Advice: Trent at The Simple Dollar asked his Twitter followers for the best career advice they could offer in 10 words or less. Then he chose his 50 favorites to share with his readers.
Rich People and Kids: It seems that wealthy people who have enough money that their kids don’t need to work for a living have a hard time convincing their kids to get a job. Should wealthy people instill a work ethic early?
Fit Finances: When it comes to pulling yourself out of debt or getting your health in check, the motivations are often the same.
Blogger Showdown: Over at Budgets are Sexy, J. Money put JD Roth and Trent Hamm head to head in a personal finance blogger showdown. Who came out ahead? That’s for you to decide.
Single People Homes: Single Guy Money shares a funny story about one coworker of his who assumed that only couples could (should?) buy homes.
Keep It Civil: Going through a divorce is usually never easy, but it doesn’t have to be brutal. Learn more about collaborative divorce and how to have a stress-free divorce.



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