European Stars and Stripes (Newspaper) - July 11, 2007, Darmstadt, Hesse Page 16 stars and stripes july 2007 your Money poll majority say income differences too Large in the associated press Washington income differences in the Are too and the government should provide jobs and training for those having a Tough according to majorities in a National poll released about seven in 10 said discrepancies Between in come Levels Are too a sentiment voiced by nearly two thirds of those from households earning at least a the Survey three fourths of people earning less than eight in 10 said the Gap Between the Rich and the mid dle class has worsened Over the past 25 said the Survey by the University of connect cuts Center for Survey research and the poll comes in the Early stages of a 2008 presiden tial Campaign in which several democratic candidates have discussed a widening distance Between the coun try Rich and former North Carolina John Edwards has made two americas one of his favorite Hill Ary Rodham Clinton of new York and Barack Obama of Illinois have also touched on the in the 58 percent said Large pay differences help get people to work yet 61 percent said such discrepancies Are not needed for the country to two thirds said the government should make sure there is a Job for everyone who wants Small Majori ties said it should provide jobs for people who cant find private increase Federal training pro Grams and redistribute Money with High taxes on the even nearly two thirds said it is not the govern ments responsibility to ease income the Survey was conducted from june 18 to july 2 and involved Telephone interviews with 500 adults National it has a margin of sampling error of plus or minus percentage Deb free by Tami Luhby new Day until Rachel Rohrs Hast had to worry too much about a member of the Adelphi University class of Rohrs lived at Home with her parents on Long her tuition costs were covered by a scholarship and contributions from her she paid her credit card Bills with earnings from a Par time Rohrs will Start a crash course in managing she is moving to Baltimore in after she marries native Kyle a graduate student at Johns Hopkins she will look for a Job in graphic design and furnish an apartment As she learns How to Shoul Der financial responsibility with her they Are determined to re main free of i Hope in prepared to Deal with the said in a Little concerned about How much everything will i Hope in not going to be managing Money can come As a Shock for Many recent at their paychecks May seem like a lot of until they have to pay the groceries and student Loans on top of the dinner and fun with you really need to think in terms of balancing whats coming in and whats going said Virginia mor author of Welcome to your Finan Cial life a guide to personal finance in your 20s and the key is not getting in Over your head in the first six that How Long it May manage your costs monthly income take Home pay other earnings fixed expenses variable expenses car maintenance car gasoline other transportation utilities Telephone including cell Cable internet credit card debt groceries clothing household supplies cleaning dining out entertainment prescriptions insurance car insurance health insurance student loan savings general emergency retirement source la twp stars and stripes take to truly determine your Cash the simplest Way to avoid racking up debt or adding to the pile you racked up during College is to Cre ate a experts As tedious As it can be to its the Best Way to get an Overall idea of earn Ings and what you can actually once you do you can Start trimming unnecessary spending so you can pay Down your credit card or student loan debts have funds left to save in the Bank or a retirement this of applies to not recent As Start by writing Down everything earned in a when noting in dont use the total make sure its take Home after health insurance premiums and any other then keep track of All dividing them into two categories fixed car student Loans and discretionary dining cell weekend entertain the size of some of these costs May prove surprising to those who Are newly on their Many people just May not realize How much they spend on nonessential experts once you see How All your Money comes and its time to set up both Short term and Lon term of achieving these goals can require some Tough choices you might have to live with roommates to keep your housing expenses lower than you you might not be Able to buy mat big screen to for your new you might have to rent movies or make your own Coffee every use your budget As a tool to avoid adding to your debt it May be tempting to use plastic to furnish your new place or get a new but remember that if you wind up unable to pay the full it could Cost you hundreds or thousands of dollars More As you make monthly payments for Young people Are turning to credit cards in the first few years for All the things they cant pay for out of pock said Tamara director of the economic Opportunity program at a Public policy research group in mondays Market summary indexes 52 High Low name last net chg Ltd chg chg 52wk chg Dow Jones industrials Dow Jones transportation Dow Jones utilities nose composite amex Index Nash a composite Russell 2000 do Wilshire 5000 nose amex most Active or More name last Active or More name last Active m or More name last chg Micron 405528 forum 379082 target 298124 Geneles 231544 timeworn 228330 Pfizer 218509 Exxon by 212580 pm cup 204761 and 198850 Hilton 198168 684738 ishr2knya 325581 Presho Rqn 142785 up incl 127464 spongy 114155 do Madiam 79333 Semi her 63931 Spuill 62212 Goldstro 55318 oils vat 54546 655880 push Sqq 603609 Microsoft 483282 Sirius 423978 Char Tom 406386 Intel 396508 Cisco 300029 Apple inc 295907 Oracle 256935 Par match 197279 key defense stocks chg Valliant Armor computer general general Harris Allied l3 Lockheed Rockwell Seq a Texas text Ron United key Mutual funds name Nav Ltd ret Fidelity invest Greco Fidelity invest Grolnic x Fidelity spartan x Putnam funds a Erlna p Amer Century inv Ultra Fidelity invest Amorso x Fidelity invest Oversea Fidelity invest us i aim investments a const p Frnk a Sec Para aim investments a Char tap Fidelity advisor Fidelity advisor Putnam funds a Globe qty Fidelity advisor Tiv seat Putnam funds a go Gap Exchange rates military rates euro costs july Dollar buys july British Pound july japanese yen july South korean won july commercial rates Bahrain British Canada China Denmark Egypt Hong Kong Hungary Israel Japan Kuwait Norway Philippines Poland saudi Arabia Singapore South Korea Switzerland Thailand Turkey new military Exchange rates Are those available to customers at military Bank ing facilities in the country of issuance for South the Netherlands and the United for no local currency Exchange rates purchasing British pounds in Germa Check with your local military Bank ing commercial rates Are inter Bank rates provided for reference when buying All figures Are foreign currencies to one except for the British which is represented in and the which is precious metals new York merc close Gold Silver interest rates prime discount Federal funds Market rate 3month 30year sources the associated Bank of America and sensibility Money tip of the Day setting kids allowance by Marshall Loeb Market watch new manage ment is the one subject conspicuously absent from most school which Means your Childs financial education begins and ends at and one of the Best tools for teaching your kids about managing their Money is an Here Are the five fundamental rules of allowances Start while Many parents have a hard time deciding when to a Good Rule is Start them off As Early As you studies have shown that kids As Young As 3 understand the concept of Money and Are eager to learn More about determine an appropriate How much to give Many experts recommend calculating what you spend on your child every month and then deter mining which expenses he or she will be responsible for these might include school clothing costs or entertainment give your child enough to cover weekly exas Well As some extra Money to save or spend on other be the Way you approach childrens allowances can teach them a great Deal about responsible Money to ensure that they understand the importance of fulfilling Finan Cial make sure to pay regularly and on time help them track their sex initially most children run through their allowances without knowing exactly where the Money has if this Hap take the Opportunity to explain about sit Down with them and make a list of regu Lar expenses so they can begin tracking keep chores if you make your Childs allowance con Tingent on the completion of you Send the wrong Mes housework is a family responsibility and children should not be paid for pitching experts that offer ing kids an occasional Opportunity to do extra credit work around the House in Exchange for pocket Money helps teach the value of
