Baseball is underway, the Mets are actually doing well, and so it’s time to unveil a job group I think is one of the coolest (besides being a stunt driver) in the CNN Money’s Six Figure Job series - any job that puts you on the field of play in a major league sport. The jobs profiled in this six figure series article include umpires, referees, and groundskeepers.

The first job they profile is an umpire and you can expect to spend about 8-12 years in purgatory - i.e. the minor leagues. Becoming an umpire is actually really difficult. First you go to “umpire school,” a five week course, and then top grads are put through an evaluation course run by the Professional Baseball Umpire Corp. (PBUC) which will select a few to hire and put the rest in a “reserve.” If you’re hired, you’re put into the lowest of the four minor leagues where you can expect to pull in $1800-$2000 per month during the regular season. AAA, the highest of the minor leagues, umpires make at most $3400 a month. If you aren’t promoted every two years (that is, move up in the minors) then you’re expected to pack your stuff. When you get to triple-A ball, you get three years or you’re done. With only 229 minor league umpires and 68 major league umpires, the jobs are hard to get. “If you do snag a job in the big leagues, your salary would range from $90,000 to over $350,000, plus benefits and a pension.” Sweet.

What about being a groundskeeper or a mascot?
(read full article…)

A big thank you to John for the heads up on the rate update for HSBC. On May 1st, HSBCdirect Online Savings Account rate will change to 4.5% APY, which matches Emigrant’s current rate. Account holders were notified by email recently:

We are writing to let you know that beginning May 1, 2006, your HSBCdirect Online Savings Account rate will change to 4.50% APY. This is one of America’s leading rates and still 8x the national average, so you can continue to watch your money grow.

With HSBCdirect.com, there are no fees, no minimums, no lock-up period, and your money is FDIC insured. You can stay confident your money is in the right place and earning the most it possibly can.

Tax Freedom Day, which was celebrated by accountants around the world two days ago on April 26th, is a day set by the Tax Foundation to celebrate the point in the year when the average worker stops working for the government, in taxes, and starts working for themselves. This is three days later than in 2005 and ten days later than 2003 and 2004. If it were 2000, we’d be celebrating it on the 3rd of May. Eat some cake!

Is this really a low cost weekend idea? Hot dogs at a baseball game usually run about $4, a beer goes for a little more, but you can get a bleacher seat at most major league ballparks for less than the price of a movie ticket. Here in Maryland, students can get a ticket to a Baltimore Orioles baseball game for $5 on Fridays and the cheap seats are only $9 anyway. Also, another perk at Camden, you can bring in your own beverages… so no need to buy your sodas at the park. Need another perk? Food vendors are right outside with cheap eats like dollar hot dogs. So, you can get four hot dogs, four sodas, and four upper deck seats for less than $30 - beats the movie theater any day.

Granted, not all ballparks will have such a lax beverage policy, but upper deck seats are usually a bargain and there will be someone selling food outside the stadium at prices that are much better than inside the park. This idea is, of course, not restricted to weekends.

Photo courtesy of pmoa.

The Tax Foundation put out a report in which they measure how much each state pays out in taxes and how much they received in federal dollars for fiscal year 2004. Residents of New Jersey got the big shaft in 2004, getting only 55 cents in federal money back per dollar of tax paid while residents of New Mexico got a return of $2 in aid per $1 sent to Washington on April 15th. CNN Money has a good writeup about it and why NJ only appears to get the shaft (there are a lot of higher income people in NJ than, say, New Mexico) and how it may be skewed because of some assumptions the foundation makes.

Maryland ranks 15th, getting $1.44 per $1 in tax; so we’re in pretty good shape! Actually, I’d take the numbers and the list with a grain of salt because it’s hard to calculate some of these things. One of the values added to the federal spending side is money paid to federal employees and with Maryland in such close proximity to DC, it’s surprising Maryland isn’t higher. Also, the article does make mention of how the government spends more than it receives so the foundation had to do some math magic to make that reconcile. Don’t get bent out of shape if you’re in New Jersey.

via CNN Money, actual entire list at Tax Foundation.

Today was the launch of Queercents, a collaborative effort by ~Dawn, Caitlin, and Nina, a personal finance blog directed towards the GLBT community. I’ve known all three bloggers for as long as I can remember blogging and each one has a distinct style and approach that I’ve come to enjoy reading.

In fact, Nina was the fourth personal finance blogger I interviewed for my PFBlogger Spotlight series and it was an interesting peek into the challenges of personal finance issues for the gay community. “As a gay woman, there was never the expectation that I would benefit from any economic uplift through marriage.”

I’ve always been a huge fan of Dawn and her blog, I think its the preeminent blog when it comes to discussions of frugal living and the inspiration behind the Festival of Frugality. Last but not least, Caitlin’s of Clutter2Cash is the one I know the least about but I really enjoy her somewhat self-deprecating and very approachable writing style (she’s also been blogging for about as long as I have, we’re ancient!). I look forward to seeing what these three ladies are able to do together.

Give it a look if you have a chance and let me know what you think.

A little over a year ago I wrote about the tax breaks for tree hugging autos and this time I’m here to update that article with the tax breaks for 2006. The Energy Policy Act of 2005 updated various energy related tax break laws, such as deductions for energy saving home improvements, and one of those things was to change how the tax breaks on clean fuel vehicles worked. The differences are significant and outlined below.

(read full article…)