Santa Monica Daily Press, April 17, 2007

Page 1

INSIDE SCOOP

COMMENTARY

SPORTS

SOLAR POWER AT HOME PAGE 3 DO THINGS REALLY EVER CHANGE? PAGE 4 LEARNING FROM JACKIE PAGE 12

TUESDAY, APRIL 17, 2007

Visit us online at smdp.com

Volume 6 Issue 133

Santa Monica Daily Press JOE WENT TOO WILD SEE PAGE 3

Since 2001: A news odyssey

THE QUESTIONABLE PHOTO ISSUE ISSUE

DEVELOPMENT

OUT WITH THE OLD

A public beach club will soon grace PCH STORY STORY BY BY KEVIN KEVIN HERRERA HERRERA PAGE PAGE 9 9 Kevin Herrera kevinh@smdp.com

CRUSHING TIME: Crews begin work Monday at 415 PCH, the former estate of silent film actress Marion Davies, which is being renovated into a free public beach club.

Tax refund tips from the streets BY KRISTIN MAYER Special to the Daily Press

they hope to find in their mailboxes in the coming weeks.

CITYWIDE With today’s tax filing deadline

SET ASIDE CASH SAVINGS TO AVOID DEBT

upon us, thousands of Santa Monica residents are hoping Uncle Sam will be fattening their wallets real soon in the form of a refund check. But before cashing out and hitting the mall on a whim, a word of caution, courtesy of those walking the streets of Santa Monica. Locals and visitors alike shared their tips for financial planning in light of the extra cash

“Imagine you don’t have that money, that it’s not yours to spend,” suggested Vinicius Bianchi, a valet at Hotel Carmel who moved from Brazil to the United States two years ago to study English. Bianchi sets aside about $500 each month for the goal of eventually buying a G35 Infinity coup. The valet plans ahead and saves cash to buy big ticket items to avoid

IZZY’S DELI

using credit and paying interest. It’s nice to have one credit card, not five, he said. “People use credit cards as if it’s their own money,” Bianchi said. “They pay huge interest rates on it. When you have too many credit options you get too much debt. It can put you in a bad position in the future if you don’t realize how much you have to spend.” Unfortunately, many people are too lazy to take that extra time and research a cheaper alternative. “Setting aside money will give you time

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to think about what you really need,” Bianchi said. PLAN FOR RETIREMENT

If somebody has extra money coming from a tax return, one choice they might want to consider is to invest it in their future, said Paul Heising, who teaches a continuing education course on financial strategies for retirement at Santa Monica College. “Probably the best recommendation SEE TIPS PAGE 11

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