Saturday, July 12, 2008

Financial crisis hits IndyMac

As per a report from AP. IndyMac Bank is been placed under FDIC and will reopen on Monday (07/14/08) as IndyMac Federal Bank FSB.

This turmoil will hit more who are faced with the ever growing foreclosure crisis and the soon to be retired people who have had placed money and bought shares of such financial institutions. This people may have to rethink about retirement as the the funds will be shrinking and the inflation soars. Lets hope senate passes the "Foreclosure rescue plan" soon to save the people and the banks some time to recuperate.

Tuesday, July 8, 2008

Can using GPS save greens on gas?

Yesterday i bought a Magellan 4250 GPS from Circuit City. I had been avoiding incurring this expense thinking i will use Google maps or MapQuest to reach the destination, but in spite of this paper copies i have gone in circles and missed the destination on number of occasion. Okay, I'm not directionally challenged, but due to detours as summer is the favorite time to repair the roads, i have wasted gas and time.
I plan to recover the cost of the unit ( i bought a open box item so it was cheap far less then $300.00) within 2 yrs time by avoiding getting lost and saving gas.

What do you guys think has the time come to categorize a GPS as a "Need" and not a "Want" and can it save some money?