Posted May 7, 2009 - 15:47 by Andrea Dickson
Stuff costs a lot. Stuff we buy, stuff we have, stuff we want to get rid of, stuff we don't buy because we can't afford it, stuff we bought that we can't afford, stuff that isn't stuff, but is actually a service of some kind. This week in the Best of Personal Finance, we looka t the cost of stuff, even stuff you don't really think about.
Posted May 4, 2009 - 12:59 by Philip Brewer
Preventing a collapse of the financial system is part of preventing a depression. However, the shorthand term for this--getting the banks able and willing to lend--is misleading. There are plenty of banks that can lend. The problem is the borrowers: Those that could be counted on to repay their debts are mostly uninterested in borrowing, and those who want to borrow probably can't afford to take on more debt. That's the truth about the fix we're in. There are, however, two ways to fix it.
Posted April 22, 2009 - 12:26 by Silicon Valley Blogger
Starting a business can easily become a money pit. So for those of you thinking about launching a new venture, what financing options do you have? Well, there's the possibility of taking out business loans from your local bank, of course. But what if your bank has turned you down? Let's consider a few alternative financing options in case you're unable to get the money you need from your bank.
Posted March 26, 2009 - 14:40 by Andrea Dickson
Credit cards are fun for the whole family, until the bills start rolling in and you are expected to hand over your hard-earned money for the stuff you bought on plastic. In this week's Best of Personal Finance round-up, the web's PF bloggers look at debt of all kinds.
Posted February 20, 2009 - 06:36 by Philip Brewer
We're subjected to constant barrage of unhelpful advice to the effect that what the economy needs is more spending. (The stimulus program is one piece of this.) It's kind of understandable: A recession is all about the downward spiral of people buying less, forcing businesses to shrink, putting people out of work, so that they spend even less. The cure, though, is not just a bunch of extra spending. The cure is to get the economy to the right size.
Posted February 17, 2009 - 10:16 by Silicon Valley Blogger
The economic stimulus bill has been hotly debated, not just in Congress but also on Main Street. Now that we know what will be getting funding from this package, many are wondering just how effective this package will be to turn our economy around, and whether it's worth its $789 billion price tag.
Posted February 14, 2009 - 12:50 by Xin Lu
On Friday both the House and the Senate passed a new $789 billion stimulus package as a continuation of the efforts by the United States Government to jumpstart the economy. A significant portion of the package gives a tax cut of $400 to each individual worker and $800 to a couple starting in June 2009. This works out to a paltry $13 per week for individuals making $75,000 or under per year and couples making $150,000 or under per year. How will you stimulate the economy with $13 a week?
Posted January 22, 2009 - 19:56 by Lynn Truong
The other day as I was going through my monthly process of paying bills, I noticed one of my credit cards suddenly had an increase in the minimum payment by double. Additionally, I saw a "SERVICE CHARGE *FINANCE CHARGE" line item for $10!
Posted January 5, 2009 - 16:11 by Jabulani Leffall
Forget about the fact that it's a recession. What you do now determines where you will be when the graph trends up again. What if you stopped dropping duckets like you dropped weight from dispensing with carbs? What if you misered up, stored and did without for say just one week or one two-week interval every month? What do you think of that 'Fast Money?'
Posted November 25, 2008 - 15:17 by Xin Lu
Today a new rescue program called the Term Asset-Backed Securities Loan Facility (TALF) was announced by the Treasury and Federal Reserve to support owners of securities backed by credit card debt, student loans, auto loans, and loans approved by the Small Business Administration. Supposedly this initiative will free up consumer credit, but the question is, are we really in need of more debt right now?
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