First and foremost, I hope everyone had a happy and healthy 4th of July holiday weekend. Holiday’s like the 4th of July are excellent ways of getting together with family and friends and they are to be taken advantage of whenever you can. That said, I also hope you didn’t spend to much money this year, making it all happen.
Forbes.com recently released a report citing just how much Americans spend on 4th of July festivities and even though the economy isn’t on fire, this year’s spending should fall right in line. Yesterday, Americans were projected to have spent the following amounts to celebrate our nations Independence Day.
- $600 million on fireworks
- $92 million on chips
- $63 million on dips
- $193.6 million on hamburger patties
- $70.4 million on hamburger and hotdog buns
- $86.2 million on cheese
- $203 million on mayonnaise, ketchup and mustard
- $161.5 million on lettuce, tomatoes, relish and onions
- $111.1 million on charcoal
- $94.3 million on lighter fluid
- $167.5 million on watermelon
- $107.7 million on Popsicles
- $341.4 million on beer
- $101 million on soda
If you add up all of the money you see above, plus a few that weren’t mentioned, Americans will have spent over $2 billion on cookouts and festivities yesterday. And I thought I was going all out by bringing $10 worth of food to my friends barbecue!
Happy holiday’s aside, let’s dive into the best money articles from this past week:
Closing on a Home? Follow These Tips: @ US News: Failed mortgages had a lot to do with the economic recession and to make sure we don’t fall into that trap again, make sure to read up on these tips.
Five Investing Lessons from the World Cup @ Financial Highway: The World Cup this year has been fantastic, minus a few refereeing issues. Believe it or not, there are a few financial lessons that you can see in this years competition.
The Top 10 Ways to Save Money on Your Wedding @ Money Under 30: Weddings are a money guzzling machine and having a great plan is the first step in saving money. Surprisingly, the biggest money saving idea to elope didn’t make the list!
Discount Movie Tickets on Angie’s List @ Money Smart Life: I included this one on the list because I just spent $25 for parking and two tickets to see “Grown Ups”. The movie was alright but for $25 I can get three months worth of Netflix. I feel ripped off.
Hulu Plus is Putting the Brakes on Free TV @ Gen X Finance: Hulu spent millions and millions of dollars advertising during the Superbowl and one way or another, they intend to get that money back!
Will I Lose My Home If I File Chapter 13 Bankruptcy? @ Wealth Pilgrim: Thankfully, bankruptcy programs were put in place to help those manage their debts if they can no longer meet the month-to-month payments. Chapter 13 bankruptcy is the friendly one, so the house should be saved.
25 Cheap Ways to Entertain Yourself This Summer @ Budgets Are Sexy: Some of the ideas on this list (like # 6 and #14) can be cheap or expensive, depending on how you look at them. Better plan things out either way.