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Money in the News: Financial Fitness, Credit Union Credit Score Service, Regifting Etiquette, 10 Most Expensive Dorms, Biggest Money Drains

MSN Money posts tips on getting financially fit in 2012

Most couch potatoes will never compete in a triathlon. But they don’t need to. Just a few minutes of exercise a day can help the formerly inert shed pounds, boost their energy levels and live longer. If you’re already getting a little exercise, a little more can get you truly fit.

The same is true with money. You probably won’t transform yourself from a train wreck into a billionaire. With some effort, though, you can pay down debt, build up savings and look forward to a more comfortable financial future.

If you’re still coming off of the holiday high, Go Banking Rates posts some etiquette rules on regifting your unwanted gifts from the holidays.

While regifting can get you in a lot of trouble if done improperly, employing proper regifting etiquette can ease the financial burden of the holidays and keep everyone happy. After all, with friends, family, the office Christmas party and all the service industry workers expecting tips, money can quickly disappear this time of year. So here’s a guide to turning the presents you’re less than excited about receiving into the perfect (free) gifts for others.

Credit Union Times posts about how Credit Unions are launching their own new credit score service.

The $342 million NorthCountry FCU of South Burlington, Vt., and the $877 million A+ FCU in Austin, Texas, have signed on to offer their members a free system of new credit scores through their home banking sites.

Business Insider posts about the 10 most expensive college dorms in the United States.

College news website CampusGrotto has just released its annual list of the most expensive dorm rooms in America and, unsurprisingly, the most expensive room and board are found in New York, Boston, and on the California coast.

For the 2011-2012 school year, room and board prices increased 4% at public schools and 3.9% at private colleges, with average costs of $8,887 and $10,089, respectively, according to CampusGrotto. Money posts about the 10 biggest money drains.

1.) Coffee: The average price of coffee is $1.38 (or more depending on the coffee vendor), reports the National Coffee Association. So, if you buy a ‘cup of joe’ every morning for a year that could add up to at least $360 a year. That’s money that could be contributed to your retirement fund or savings account.

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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