While most of you weren't sure that customers could accurately price menu items at pay-what-you-like restaurants, one restaurant owner has come up with a solution that helps customers and keeps her in business. Customers at most pay-what-you-like restaurants place their money in a box secretly, but the patrons at Dan's in Maine tell the waitress how much they'd like to pay for a dish and the cook makes a portion according to the named price.
The family business started in 1952 and Dan's daughter, Danielle, took over after her parents passed away. She noticed that fewer customers were coming in because of having less money to eat out due to higher gas and supermarket prices. In order to help her customers and keep her business going, she created a let's make a deal policy that has been a hit with the community. The Today Show visited Dan's to learn how she runs her restaurant, and you can see for yourself in the video below.
Economic reports haven't presented anything but negative news lately, and yesterday's May unemployment news didn't stray from the trend. The US unemployment rate rose to 5.5 percent last month from 5 percent in April, which was the biggest one month jump since 1986.
Considering the conditions of the labor market, the economy in general, and the fact that most employees are "at-will" and can be terminated at any time, how secure do you feel in your job?
It's time to test how much Savvy knowledge you retained this week. Find out how closely you've been paying attention when you take this quiz. Not feeling confident? Just do a quick review — all of the answers can be found in this week's posts.
Wedding gowns come in countless styles and fabrics, and boy do they run the gamut in price points. Most costs associated with weddings are bumped up just because the word wedding is attached, and gowns generally aren't excluded from that expensive reality. There are some alternatives when purchasing a bridal gown to call your own, and you couldn't help but save money by opting for one of them. From gowns on eBay to nonbridal dresses and renting, there are plenty of options for a bride on a budget — which of these tactics would you use?
The number of homes facing foreclosure in the US continues to climb and is currently over the 1 million mark, which is significant because it's the highest rate ever recorded. One million homes comes out to about 2.5 percent of the loans serviced by members of the Mortgage Bankers Association. Other cheery figures from the MBA's first quarter report: 3 million home loans (6.4 percent) have missed at least one payment, while 737,000 are at least three months past due but not in foreclosure just yet.
Approximately half of the homes in foreclosure are spread among six states — California, Florida, Arizona, Nevada, Ohio, and Michigan. Jay Brinkman, MBA's vide president for research and economics, commented, "Clearly things in California and Florida are going to get worse before they get better."
CNN created this work-life balance calculator, and while seeing our lives as bland pie charts may not open our eyes to anything we don't already know, it's important to remind ourselves to think about the way we spend our time and revisit the sacrifices we're making. When we go too long without enough sleep, for instance, other areas of our lives may suffer. Have you checked your balance, lately?
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