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5 things to know: 7-25-12

By Dan Miranda · Bankrate.com
Wednesday, July 25, 2012
Posted: 9 am ET

How would you like to have Jodie Foster, star of the hit movie "Panic Room," in your home? Bankrate tells you how to accomplish this. Except maybe without it being a hit movie. And most likely without Jodie Foster. This and more, today on Bankrate.com.

1. Including a panic room in a newly constructed home? $8,700. Retrofitting an existing room to act as a safe room? $10,500. Making guests recreate scenes from "Panic Room" in your very own panic room? priceless.

2. Unfortunately, hiding in a panic room won't help you get bad information off your credit report. Our Bankruptcy Adviser suggests a better alternative.

3. While a panic room is always a good idea, some home fixes aren't worth the money, nor can be used to recreate scenes from award-winning films.

4. Ahoy! There are $21 trillion hidden outside of the U.S. Sounds like a treasure hunt to me. But where is all that money?

5. Budgeting is basically just having a plan for how much money you'll spend in certain categories. Sounds easy, but are 38 percent of Americans just being their stereotypically lazy selves by neglecting to budget? Maybe it's not that simple.

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