Oil Prices Heat Up
Despite oil's recent rally into record highs, the U.S. Energy Information Administration (EIA) predicted that "increased supply and lower seasonal crude demand in the United States" will likely lead to "crude prices easing slightly over the winter" in its monthly Short-Term Energy Outlook report.
While the EIA's research seems to suggest lower prices for consumers at the pump, the report was far less positive for consumers of U.S. heating oil. Prices for this commodity are expected to increase sharply due to "colder winter" conditions predicted by the government. Americans who utilize natural gas to heat their homes should anticipate increases as well.
Opt for a Better Deal
Cars these days have a dazzling array of extra bells and whistles that really add nothing but zeros to the car's price tag. Following are a few expensive extras that most drivers could probably do without.
Automatic Stick Shift: Beyond adding $1,000 or more to the price, this useless feature allows the driver to "shift" gears without a clutch. The car, however, has an automatic engine and will shift on its own either way. Purely for show, this feature quickly loses its appeal.
Individual Climate Control: This expensive feature claims to allow the driver and passenger to control the temperature of his or her own "zone". But how much more effective is this feature than individually controlling the vents and windows?
Keyless Ignition: With this $300 to $500 feature, a driver can start the engine with the push of a button. For this to work seamlessly, however, a key fob must be on the driver at all times. At least with a key, you can always call a locksmith if you lose it.
Power Folding Seats: Up to $700 or more! Enough said.
Navigation System: You can save $1000 or more by skipping the factory-installed system and purchasing a quality portable one that you can use in any car.
Loophole for Telemarketers
Thanks to the Federal Trade Commission's Do Not Call Registry, 150 million Americans have enjoyed far fewer unwanted sales calls over the last few years. It hasn't been perfect, but progress has clearly been made due to this important program.
But, just when you thought it was safe to eat dinner with your family, the telemarketers may be back in your life for good when your 5-year Do Not Call Registration expires in June 2008.
The good news is, you can always re-register for another five years, and continue to enjoy the peace and quiet. Simply call 1-888-382-1222 or visit www.donotcall.gov to register any or all of your home and cell phone numbers. Don't forget. Telemarketing companies are counting on millions of Americans to drop the ball. Don't be one of them.
Home Sweet Deals
When it comes to real estate, foreclosures aren't the only big story in the news. Builders and sellers are reportedly offering huge savings and massive incentives in order to pull in buyers and compete in today's marketplace.
Business Week recently revealed that some big builders have been auctioning homes discounted by as much as 50% in selected markets, while other large builders have been providing up to $100,000 in savings and incentives. Many individual sellers are getting in on it, too, by offering incentives like special financing, plasma TVs, vacations, and even motorcycles, cars, and boats.
But, be wary. While there are many sweet deals to be found in today's market, there are also scams, lemons, and unreliable builders, sellers, and industry professionals. Make sure that any deals or incentives you're receiving or providing make sense for your own financial goals and needs. For home buyers and home sellers, this means working with knowledgeable, experienced real estate agents and mortgage professionals you can trust.
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