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Kerri and Mike Miller have a spending problem. Three of them, in fact. There's 12-year-old Kate, a seventh-grader who covets a pair of $160 boots, prefers clothes from American Eagle rather than Target and recently got a $300 cell phone. There's nine-year-old Landon, who has a voracious appetite for video games. And their youngest, four-year-old Claire, will soon start taking ski lessons (cost: $224, not including equipment). All three kids attend summer camps that run about $60 a day for each child. And then there's the cost of babysitting ($200 a month), preschool ($4,000 a year) and braces ($3,000). Even with Mike's six-figure salary in commercial finance, the Park City, Utah, couple's ends are nowhere close to meeting.
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If you're in L.A., you see celebrities driving everywhere. While their cars aren't always clean, they're almost always new, with essential accessories like black DUB-rims or DirectTV satellite. Driving through Beverly Hills, you would think the Range Rover was the Volkswagen. The car leads the pack as the preferred armor of the Hollywood brigade, with comfortable leather seats and fluffy suspension that provide both sexy handling and tank-like intimidation. The car has even become a staple for celebrity moms like Courteney Cox and Halle Berry who like its stylish mix of safety and luxury.
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Even if you can't afford a luxury car, a look at the ten most expensive options in the industry is halting and raises issues that affect all car buyers. Consider that for the price of some optional extras on this list, you could buy a new Honda or Volkswagen.
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Shuffling through security in airports is a bigger drag than going to the dentist. After all, you made it to the departures terminal within six or seven minutes of the scheduled take-off time, so why are all these people wearing rubber gloves hassling you? Weary travelers, I hate to break it to you, but you brought much of the misery on yourself. Your MacBook Pro is locked away at the bottom of your Longchamp roller duffel. The Swiss-made manicure set in your purse makes the metal detector go haywire. And your knee-high Sergio Rossi lace-up boots take a lifetime to remove.
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Taking a road trip home for the holidays this year? Be sure to go easy on the gas pedal, particularly if your travels take you up or down the East Coast. According to stats from the National Highway Traffic Safety Administration (NHTSA), the I-95 corridor between the southeast and New England includes five of the 10 U.S. states carrying the highest fines for speeding--Virginia, Georgia, North Carolina, Maryland and New Hampshire. All hit up speeders for a maximum of $500 or more for a first offense. Judges in Carolina and Georgia, not to mention 16 other states, have the discretion to add jail time.
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The National Housing Bank (NHB) has plans to come with a mechanism under which it proposes to buy home loans from banks and housing finance companies (HFCs) to make available, liquidity and free up capital to these lenders.
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Russian, Isreali realty players to enter Indian market with Rs 10,000 crore
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The Income Tax Appellate Tribunal (ITAT) has said that NRI status is necessary for seeking gift tax exemptions. This means that NRIs have to make their trips to India shorter if they want to avail the same.
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Real estate supply due to mills' closure
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Allahabad Bank has entered into an arrangement with Tata AIG Life for offering mortgage term loan facilities for home loan consumers of the bank.
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