My father drives an old Lincoln town car that has over 300,000 miles on it. That’s right, 300,000. Not only does he drive it, but he commutes over 90 miles each way in it, every day. Everybody who knows him thinks he should have gotten a new car oh, about 100,000 miles ago. But my dad is fanatically frugal and, perhaps more importantly, he simply likes his car. He’s determined to drive that old Lincoln until it simply doesn’t want to drive anymore. Unless the so-called “cash-for-clunkers” bill becomes law. The bill (which the House passed it today) could offer drivers like my dad up to $4,500 towards a new, more fuel-efficient ride. What’s the cash-for-clunkers bill all about? And could you benefit? [...]

President Obama will ddress the nation again tonight at 8 p.m. Eastern time to talk further about the steps his administration is taking to bolster our uncertain economy. What would you want to ask him? What steps would you propose he include in his administration’s efforts to correct our economic situation? [...]

These days, everybody’s looking to save money. And with good reason—the more you can cut back on monthly expenses, the better prepared you’ll be to weather the recession, including the frightening prospect of losing your income. That said, there are a few things to which you should continue to allocate money as long as you possibly can. [...]

We are all holding our breath. We all want to know. Will the 2009 economic stimulus bill reverse our wayward economy? Unfortunately, it will take months, or longer, to find out. In the meantime, we can ask what this giant government spending plan will do for us—young Americans—individually. What will the 2009 economic stimulus plan mean for you? [...]

Layoffs are everywhere these days. My employer axed 20 more of my coworkers on Friday, and every week I hear about friends losing jobs at various companies nationwide. Layoffs suck, but given the recession we’re in, they aren’t a surprise. And although you can take steps to reduce the chance you will be laid off, you can never guarantee your job security. With that in mind, it’s a good idea to always be prepared for the possibility of being laid off.

Preparing for a layoff is a bit like writing your own will—it’s easier to put it off the task and hope you don’t need it. But find yourself jobless in the near future; you’ll be a lot happier if you’ve done a few simple things. Here are some basic steps to prepare for a potential layoff: [...]

Kicking off 2009, I’m optimistic about the economy. Are you? What do you think 2009 will hold for the economy and for your own finances? [...]

Capitol Hill is frustrated with Americans because we’re saving money, paying down debt, and not spending. How dare we! [...]