debt

How does the Fannie Mae and Freddie Mac bailout affect you?

Yesterday Henry Paulson decided to use the power given to him by the housing bailout bill to officially take over Fannie Mae and Freddie Mac. This is a decision that has a huge im

We Are Our Own Worst Enemy

Today my friend sent me an article titled "We Have Met the Enemy" by Knight Kiplinger, the Editor in Chief of Kiplinger publications. It is a blunt article pointing out that Americ

Knowing Your Triggers Can Prevent Emotional Spending

They don't call it "retail therapy" for nothing. Uncontrolled, emotional spending has a lot in common with other addicitons and eating disorders. One of these shared traits is the

Your Interest Rates Are About to Go Up

Have good credit? A low APR on your credit cards? Always pay your bills on time? That's not going to stop your credit card company from jacking up your rate whenever they feel like

Friends Don't Let Friends...

In the past few decades the Ad Council has been running an ad with the tag line "Friends Don't Let Friends Drive Drunk". This ad campaign has been instrumental in decreasing drunk

Self-sufficiency, self-reliance, and freedom

Self-sufficiency is producing the actual stuff you use--your own food, your own clothes, etc. It's not a common lifestyle. Most people chose instead to follow the path of self-re

What if foreigners quit lending the US so much money?

One of the bugaboos of the financial doom-and-gloom crowd is the worry that foreigners (China in particular, but also oil exporting countries in the Middle-East, and others) might

The Bailbondsman Approach: Why Some Of Us Stay Broke

The government is letting people think that it's okay to make bad choices. The Treasury is rewarding bad behavior and the consumer is learning nothing except to keep up the

What's the Best Way to Get out of Debt?

Debt is the hottest topic on personal finance blogs around the world. Why? I would venture to guess it is because so many people are drowning in it

Retirement on the installment plan

Among the fraction of the population who manage to put money aside, many view their investments through the lens of retirement.  They've got a number in mind--call it $X--enoug

Tips for Increasing Your Financial Literacy

A recent CNN article titled "Americans are 'financially illiterate'"

Join America Saves Week February 24 to March 2nd

This week is officially America Saves Week 2008. This is a campaign started in 2007 by many government agencies and private entities to encourage Americans to save because the per

UK banks are blocking customers' credit cards. Will the USA be next?

It was bound to happen. I just thought it would happen over here first. Today

How Do You Take Advantage of the Federal Interest Rate Cut?

The Federal Reserve just cut the interest rate by 0.75% between two official meetings! This is the largest cut since 1982 and it was like an adrenaline shot to the sagging stock ma

Review of Debt-Proof the Holidays: How to Have an All-Cash Christmas

Those of you looking forward to this year’s holiday shopping season with a little apprehension, anxiety, or dread can

These Choos were made for walkin': an interview with a modern urban nomad

Ever feel stuck? In a rut? Running in place, but not getting much exercise? There's another way to live, you know; a way that bypasses, or at least delays, the mortgage, the co

Call Your Credit Card a "Plastic Check"!

Don't look at your credit card as a license to purchase something you can't afford -- just pretend it's a thinner, more swipe-able version of your checkbook.

Good Debt, Bad Debt

Whether debt is good or bad depends on how you spend the money. From best to worst, here are the four categories of debt that one writer uses.

How to Deal With Collection Agencies

Turn the collections process to your advantage by following these 9 suggestions.

Is Paypal making impulse buyers of us all?

I’d like to start this article by pointing out that Paypal is a fabulous resource and I use it often. I feel safe buying items, especially items on eBay, with my Paypal account. Bu