I heard on the news this morning that gasoline nationwide is down over $0.25 in the last month. What great news, but then they had to add that it is still quite a bit higher than it was 12 months ago. I don't know about you, but I don't remember what it was 12 months ago, but I do know what it was a month ago and it's down a lot. Now if the average driver uses about 20 gallons of gasoline a week, that's a $5 a week savings or $260 a year. Did you realize you're $260 a year better off this month than you were last month, I didn't. I think this is great news but the media has to put a negative spin on it, always. They also didn't mention that back in May gasoline was going for $3.91 a gallon so today's $3.38 is $0.53 lower than just a few months ago, and it looks like it could keep on coming down in the future.
This is a big deal because there are only a few things you pretty much have to buy - clothing, food, shelter, heating and gasoline. If one of those must-buy things comes down in price substantially, that frees up "spending" money for the average person. A lot of people will just spend it somewhere, really not know where it went, some will save it and some will invest it in their homes. I'd suggest your best bet would be to pay down credit card debt first, but if you're in good shape there, invest it in energy savings products for your home. They will make your home more efficient (save you money), more comfortable, and if you chose new highly energy-efficient vinyl replacement windows for your improvement, they will also add maintenance savings and beauty. Spend it wisely, there aren't that many breaks you're going to get in this economy.
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