Out of the Red

Spending to feel good?

More than half of Americans say they aren’t saving enough money, according to a study released yesterday by Wachovia Corp. and the Consumer Federation of America. Even more younger folks admit that. Nearly two-thirds of those ages 18-24 say they aren't saving like they should. The culprits: peer pressure, impulse buying and spending money to feel good?

Do you do that?

Or, maybe you've done that in the past. If that's the case, how did you kick the spending habit in favor of saving? Let me know by posting here or sending an e-mail to abaldwin@charlotteobserver.com. Look for the story Sunday in MoneyWise.

Gifts and more gifts or college fund?

Hey, readers, do your kids really need more gadgets, toys and clothes this holiday season? What about a college education instead?

I want to do a story on how young parents can ask family members -- i.e. grandparents -- to invest in the gift of higher education, meaning contributing to a college fund, rather than spending a small fortune at the mall on items kids will outgrow or get tired of.

Have you done that? What did the grandparents say? Or are you thinking about it? It can be a touch subject. I'd love to hear how you handled it.

Please share your thoughts ASAP. Thanks!

Quick questions

Quick holiday-related questions: Who do you tip?

Housekeeper? Newpaper delivery person or postman? Apartment manager? Hair stylist or personal trainer? Day care provider?

And if you give money, how much? If not money, then what?