In case you missed anything, here is a recap of our 5 top stories from this week:
1.) Financial Assistance for Struggling Pet Owners
MainStreet’s charity spotlight examines the growing plight facing pets in need of veterinary care during the recession. Animal shelters are being overwhelmed with pets surrendered by owners who simply cannot afford to care for them. Luckily there are several caring organization looking to help.
2.) Un-broke: Sage Advice, Major Oversights
MainStreet organized a live Twittering event during the premiere of ABC’s personal finance special last week. During the event, personal finance professionals and bloggers from around the web chimed in with their two cents on how the topics of discussion were being handled on prime time TV.
3.) The Best Light Bulb for Your Money
Switching to compact fluorescent or LED bulbs will save you around $20,000 after 7 years of heavy use. Have you switched yet? Before you do, take note: there are three major kinds of bulbs: compact fluorescents (CFLs), light-emitting diodes (LEDs) and incandescents. Find out the pros and cons for each, and which is the best value.
4.) Free Stuff: Happy Donut Day!
Friday June 5th was the jackpot for free stuff. In addition to the free donut giveaways at Krispy Kreme and Dunkin Donuts, Victoria’s Secret also tacked on a one-day-only free underwear offer.
5.) Does Your 401(k) Need an Annuity?
Several firms are introducing a new type of 401(k) plan that combines elements of traditional pensions and 401(k) accounts. They offer a deferred annuity to provide a guaranteed income throughout retirement. But are they right for you?