The cost of stamps will rise to 46 cents per stamp on Sunday.
The US Postal Service is in dire shape; the organization nearly defaulted on payments it is required to make twice last year. A decline in demand for sending items through the postal service combined with rising healthcare and pension costs has put extreme pressure on the Postal Service.
When is the last time you sent a letter to someone?
Aside from occasional bill payment or sending a birthday card, my use of postal services has dropped significantly. What will the USPS do as demand continues to drop? Only time will tell.
When things change financially you have to take action. Don’t wait for a Congressional bailout like the USPS. Take action with these articles:
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Retire by 40 | How to start contributing to a Roth IRA
Get Rich Slowly | Will a low appraisal wreck your refi?
Wealthy Turtle | The Power of Compound Interest
Good Financial Cents | 4 Practical Money Skills You Must Teach Your Children
Five Cent Nickel | Putting Money in Its Place
Take A Smart Step | How to Balance Your Checkbook
The Simple Dollar | Buying Another Before You Can Enjoy What You Have
The Chicago Financial Planner | Target Date Funds Don’t Guarantee Retirement Success
Yes, I Am Cheap | Tips for Paying Off 2012 Holiday Debt
Free From Broke was featured in the following carnivals this week:
Nerdy Finance #22: NFC Championship Weekend Edition
Carnival of Personal Finance: Visit Portland! Edition » Frugal Portland
Dewey’s Treehouse: Festival of Frugality #371: True Confessions Edition
Carnival of Personal Finance #396 | Adam Hagerman, AFC® – Financial Coach
Nerdy Finance #21: Trillion-Dollar Coin Edition