Here’s your weekly reminder that the 2011 Get Rich Slowly Video Contest is under way. We have a few entries, but to be honest: If you’re willing to take the time to produce a two-minute video about money, your odds are pretty good right now that you’ll win something. With three $500 prizes and only a handful of entries, you have a much better chance than by playing the lottery! The contest closes on April 15th.
On Saturday, I’ll share one reader submission so you can see what sorts of videos other folks are making.
Also, just a quick note that I was a guest on the Money Girl podcast earlier this week. Well, not me, actually, but my words. I revised one of my favorite old posts to share with Money Girl listeners: Why you should take a personal money day. (Warning: Obnoxious screen-warping ad ahead!) This article may appear here at GRS later in April to help wrap up Financial Literacy Month.
Meanwhile, here are some other interesting money stories from around the web:
Vintek has been reading Get Rich Slowly since 2006. (Kris and I even met him a couple of years ago when he visited Portland!) Though he rarely comments anymore, he does pass along great links now and then. Like this one, which answers the question: Should you have bought that Apple product? This site lists the prices of most Apple products produced between the end of 1997 and the start of 2010. It also shows how much you’d have if you’d invested that money in Apple stock instead. As Vintek noted in his e-mail, this table does a great job of illustrating the difference between de-preciating assets and ap-preciating assets. If I’d invested in Apple stock instead of buying computers, I’d have enough for a house. Yikes.
Speaking of houses, several readers have requested an article on how to save for a big goal — like a new home. It’s on my to-do list! Meanwhile, Wojo over at Fiscal Fizzle may have some tips for you. He lists seven strategies for saving for a house. Most of these are mental games you can play so that the task doesn’t seem so daunting. But these are games that work for a lot of people. If you’re saving for a big goal, these games might work for you.
Money Rates recently compiled a list of the 10 best states for making a living. Their survey took into consideration wages, taxes, unemployment rates, and cost of living. Top on the list? Illinois, with Washington and Texas in second and third. Money Rates also made a list of the 10 worst states for making a living. Hawaii is number one, with Maine and Montana in the next two spots. Alas, my lovely home of Oregon is the sixth-worst state to make a living, according to this list…
Finally, Eileen Ambrose of the Baltimore Sun called me last week to see if I had any comments about the new federal Consumer Financial Protection Bureau. I did not — I wasn’t even aware of the organization before she mentioned it. But I’ve since had time to take a look around the agency’s web site, and I think it has some potential to do some good. Time will tell. For more info on the CFPB, read this article Ambrose wrote for her paper.
GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.
This article is about Spare Change