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“Is that about the coolest thing you’ve ever heard?”
-Roger Gaddis of Ada Electric Cars

We have a feeling that not everyone is likely to agree with Mr. Gaddis.

As part of President Obama’s stimulus plan, Americans can receive a rebate for the purchase of an electronic vehicle. Luckily for golfers, this hefty tax credit includes golf carts (yes, golf carts):

The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart. Even in states that don’t have their own tax rebate plans, the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. “The purchase of some models could be absolutely free,” Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year.

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The post in which we wrote last month about a possible tax credit for pets received quite a number of comments — some for and some against the idea. Whether the proposed law has a chance on Capitol Hill or not has yet to be seen. However, the amount of responses we got from the story has prompted us to keep our eyes out for other stories that can financially benefit pet owners.

Wendy Diamond of Animal Fair magazine was on the Today Show recently to share some tips on how pet owners can save money during this ‘ruff’ economy.

Update1: Due to the numerous amount of comments we received from readers who were in favor of the tax deduction for pets (see story below), we wanted to provide them with another avenue to financially protect themselves and the health of their pets, in case Rep. McCotter’s bill doesn’t go through.

Just like our medical bills, vet bills can pile up fast and can easily cause you to fall into debt. For many years, pet insurance has been popular amongst pet owners nationwide. It can help to preserve the heath of your animals and to help keep your finances intact at the same time. Pet owners widely consider their animals as part of the family, so when the vet says their pet needs surgery or prescription medication, they don’t think twice.