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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 08, 2003
Page
34
A guide for new graduates on budgeting and responsible money habits. Build a budget and live within means, buy essentials first, keep debt under twenty percent of income, open a checking account and obtain a credit card, and cultivate a good credit history for lenders and employers. Plan startup costs and consider loans carefully, avoiding overextension.
The seven day average yield on money market mutual funds rose to 0.70 percent in the week ended Tuesday from 0.69 percent, per Money Fund Report. The 30 day and seven day compounded yields held at 0.70 percent and 0.70 percent respectively, with portfolio average maturity at 52 days. Bankrate data show money market accounts yielding 0.64 percent and interest bearing checking at 0.30 percent. Tax exempt fund assets rose to $196.89 billion, while total money market assets reached $2.178 trillion for the week.
New York reports that many smaller companies are shrinking back to private life amid plunging share prices and thin trading. Post Enron reforms raise compliance costs, making public listing less attractive to institutional funds and analysts who once boosted volumes.
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