Personal Finance Buzz

Aside from all the celebrities deaths this week (R.I.P.), the biggest news relevant to personal finance this week was the Cash for Clunkers Bill. The Bill entitles you to a $3,500 or $4,500 credit for trading a drivable car made within the last 25 years, with a combined city/highway fuel economy rating of 18 mpg or less to a new higher fuel efficiency car. If the mileage improvement is 4 mpg or better, you’ll get $3,500. If your improvement is 10 mpg or better, you’ll get $4,500.

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