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Cheapo Groovo

Cheapo Groovo

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Cash For Clunkers

  • Yesterday
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Official Site


Post a comment Tags: travel, cars, saving money, autos, consumer prices

Zero Out Your Student Loan

  • Yesterday
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clipped from clarkhoward.com
There's a radical change coming on the student loan front that Clark wants you to know about.

Effective July 1, 2009, an income-based repayment plan (IBR) will become available to borrowers with federally guaranteed student loans such as Stafford loans and Grad PLUS loans.

Under the new program, your payment will be based on your current income and family size. Your monthly payment could be an unprecedented zero dollars, according to Kathleen Pender of The San Francisco Chronicle.

You must apply for the IBR. Contact the lender or lenders who hold your student loan(s) for more details.

In addition to the IBR, other new provisions going into effect include loan forgiveness options for certain workers.

Employees of non-profits and certain levels of government can have loan forgiveness after making on-time monthly payments for 10 years. If you work in the traditional for-profit sector, it will take 25 years of on-time payments before you're eligible for loan forgiveness.
 blog it
Post a comment Tags: loans, college, education, debt

Ad Revenues and the Internet

  • Yesterday
  • 1 comment

Many bloggers believe they can make money selling links and ads on their page. My research shows otherwise. Here are some examples:

  • Yahoo announced it was shutting down last century's hot social-networking-esque service, GeoCities, for which it paid $3.5 billion in 1999.
  • Credit Suisse puts YouTube's estimated 2009 losses at nearly half a billion dollars.
  • Getting million of new users in the Third World sucks, because Facebook will never be able to monetize those eyeballs
  • Proof of payment from an typical blogger - no revenues after February?
I have introduced my readers to solid programs such Mechanical Turk and YouData. I'm currently investigating swagbucks.com and will keep you posted.

Click my donate button and I'll show you more ways to end your unemployment/underemployment!
1 comment Tags: internet, jobs, blogging, entrepreneurship, employment, income, webmaster, making money …

Financial News Falsehoods

  • 2 days ago
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Unemployment was reported as 9.5% today. The number is actually 16.5%. I'm using the broadest measure of unemployment - U6
U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but can not due to economic reasons.
====================================================================================
CNBC stock pickers are saying we will continue to have deflation because of high unemployment. They ignore 3 issues:

  1. Commodity prices will rise as countries with the largest populations (China, India, Indonesia) will strive to consume at levels Americans have in the past
  2. Inflation is an increase in the money supply, and the FED has increased M1 by 16% since 2008
  3. There is no causation between high unemployment and deflation, look at Zimbabwe - 80% unemployment and 10,000% inflation!
Insulate yourself from this disaster by thriving in a global economy!

Post a comment Tags: jobs, cnbc, employment, inflation, income, financial planning, jim cramer …

Savings Bonds Slide

  • 3 days ago
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While the Bureau of Labor Statistics is telling us inflation is under control, those who hide in savings bonds are getting short changed.

The stats are skewed because they exclude food and energy, but I'm sure you see that every time you fill up your car or buy groceries.

You can get a much better return using my strategy.

Ee_bonds
Ee_bonds



Post a comment Tags: investing, inflation, bonds, fed, high dividend yield, central banks

Cheapo Cell Phone Update

  • 3 days ago
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Cell_phone
Cell_phone

A new service just started (STRAIGHTTALK) and it promises $45 a month for unlimited calls.

I still use Net 10 and the MagicJack, so if anyone uses this other service, tell me what you think!

My other posts on cell phones and phone calls.

Post a comment Tags: cell phone, phone calls, saving money

Make Money Picking Domain Names

  • 4 days ago
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Register_domain
Register_domain

http://www.pickydomains.com/

If you want to be a contributor for PickyDomains (we pay via PayPal every month) here is how it works. When we get a new order, you’ll be able to suggest your domain names. If a client decides to register your name, you get half of the fee ($25).

Occasionally, we see a domain name that clients decide not to register that has a great resale potential. In these instances, we may register such a domain and resell it on Sedo or GreatDomains.Com. After the sale is complete, you’ll get a third of list value (since we have to incur expenses and fees that domain brokers have, your cut is less then 50%).

Either way, if you are good at coming up with cool short memorable domain names, you’ll be able to make a few bucks with PickyDomains. Register now to become a contributor.

Post a comment Tags: internet, entrepreneurship, income, making money, domain names, alternative income streams

How to Use All of Your Gift Card Balance

  • 4 days ago
  • Post a comment
Gift_card
Gift_card

I know of people who complain that their prepaid gift card had a little bit left on it but they're not able to use it. First of all, you must know the exact amount of your remaining balance. If you have a $4 balance and wish to purchase a $5 item, you must ask the cashier to enter $4 debit. Once that is done, you can pay the rest in cash or use another card.

Get my money seminars here. Downloadable gems for $3!

Post a comment Tags: gifts, saving money, frugal living, frugal, gift card

Get Your Freebies Here

  • 5 days ago
  • Post a comment

Post a comment Tags: free, bargains, saving money, coupons

Make Money Loading iPods

  • Jun 26, 2009
  • Post a comment
Nano-big
Nano-big

Here is the basic idea from HungryPod. If you have some technical skills, can find enough lazy/busy people, your potential revenues should exceed $100,000. Read the NY Times here.

Tip me if you need more money making ideas!
Post a comment Tags: entrepreneurship, employment, income, making money, home based business, alternative income streams

Read more from Cheapo Groovo »

About Me

Cheapo Groovo
United States
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Sustainable and frugal living with an emphasis on investing and entrepreneurship

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