Money Minute: Overcharged Concertgoers Finally Get a Refund

You may be eligible for money back on concert tickets you bought 15 years ago.

Ticketmaster has tentatively agreed to settle a class-action lawsuit that could give small refunds to as many as 50 million people who bought tickets on the company's website. The long-running dispute is over what the company called "order processing fees" -- but plaintiffs allege the company pocketed some of that money. They say it didn't go to pay for delivery or other costs. But don't expect to get rich over this settlement. Most people will get $2.25 in credit for each ticket bought between October of 1999 and February of last year.

%VIRTUAL-article-sponsoredlinks%The United Auto Workers Union is meeting this week and one of the big items on the agenda is a dues increase. If approved, it would be the first time the union has raised its dues in 47 years. The union says it needs the money to replenish its strike fund, as UAW membership has tumbled by 40 percent from a decade ago. The union will also elect a new president this week.

Have you finalized your plans for a summer road trip? Well, you can cross gasoline prices off of the list of things to worry about. AAA says prices at the pump this summer will mirror what they were last year, ranging from $3.55 a gallon to $3.70 -- depending upon regional differences and other factors. AAA says the current average is $3.67 for a gallon of regular.

The Dow Jones industrial average (^DJI) and the S&P 500 both edged further into record territory on Monday. The Dow rose 26 points and the Standard & Poor's 500 index (^GPSC) added a point, but the Nasdaq composite (^IXIC) lost 5.

Finally, the heated gun control debate focuses mostly on big guns with big ammunition clips. But CNNMoney reports sales of small, easily concealable handguns are soaring. Colt Manufacturing reported a twelvefold increase in sales of small handguns last year, many of them bought by people who have never owned a gun before, especially women who are interested in personal security.

-Produced by Drew Trachtenberg.

6 steps to start a debt payoff plan
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Money Minute: Overcharged Concertgoers Finally Get a Refund
The first thing you should do is stop charging. Put your card aside, and switch to cash or debit now.
Get your debts in order. Make a detailed list of all the cards you're carrying debt on. Be sure to include each card's balance, its annual percentage rate and its payment due date.
Now that you know what you owe, it's time to make a budget. This will help you keep your finances in order and plan to pay off a big chunk of debt every month. It's also an opportunity to look for ways to trim expenses so that you can devote more money to cutting your debt.
Before deciding which card to pay off first, you should consider consolidating your debt onto a 0 percent balance transfer card. This can save you big bucks in interest, but it's also tricky. There are a lot of factors to consider, including balance transfer fees.
As an alternative to consolidating, you should make it a goal to pay off the card with the highest APR first. Devote all your extra funds to squelching this balance while still making minimum payments on your other cards. Doing so will save you the most money in interest in the long run.
Once you've paid off your highest APR card, attack the card with the second-highest APR next. Then tackle the others using APR as your guide to prioritizing. Keep it rolling until all your cards are paid off.
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