From simple tips to big issues, here’s what you need to know this week (well at least in the personal finance/banking world):

  • Looking for places to cut costs? You may want to look in your garage. According to this AAA report published in the Wall Street Journal even the cheapest midsize sedans costs more than $760 a month. Between gas, insurance, maintenance costs, registration and finance charges, cars cost the average consumer more than $9,000 a year. Ouch! Looks like it’s time to re-up on that bus pass.
  • If you’re questioning the value of your friends, you may want to check out this article by Wisebread.com, which describes 11ways friends can save you money. Tips include everything from taking advantage of group rates, buying bulk to service exchanges.

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