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Money in the News: When More Money is Flushed Down the Drain

Money Q&A posted about a theory on how their next home is going to be a hotel. This is actually semi-fascinating.

I have always been fascinated by the extended stay hotels in particulars. Every time I drive by one with a sign advertising their weekly rates, I always think about how much money I could save each month by simply just living in a hotel. I know that it is a strange thought, but bear with me for a minute. There are so many little, everyday expenses that cost both homeowners and renters. Let’s be honest, owning a home is very expensive with a lot of things other than our mortgages that we have to pay for.

Yahoo News posts about how some 9/11 charities failed miserably.

Americans eager to give after the 9/11 terrorist attacks poured $1.5 billion into hundreds of charities established to serve the victims, their families and their memories. But a decade later, an Associated Press investigation shows that many of those nonprofits have failed miserably.

Bay Area Living posts about the elderly are taken advantage of financially.

By April 2010, the family decided it was necessary to intervene in his financial affairs. They soon discovered Davidson apparently had been swindled out of nearly $100,000 by phony companies promising to set up Internet sites on which he could conduct business.

The Winnepeg Sun posts about how a company called CBC is refusing to release information on how they are spending public money.

CBC was made subject to the access to information act in 2007 due to the $1.1 billion they receive from taxpayers each year. So far they have received several failing grades and are currently fighting the federal information commissioner in court to keep documents secret. After losing that court battle at the lower court level, CBC President Hubert Lacroix pledged to fight all the way to the Supreme Court.

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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