Posted October 13, 2007 - 04:08 by Philip Brewer
There are two ways to look at whether debt is good or bad. The less important way has to do with the terms of the debt itself--how high the rate is, whether it's fixed or variable, any prepayment penalty. The more important factor in determining whether debt is good or bad is how you spend the money. From best to worst, here are the categories of debt that I use.
Posted August 29, 2007 - 16:47 by Jessica Harp
As anyone who has been through collections will tell you, the collection agencies tend to lie and to cheat in order to manipulate the collections process to their advantage. So how do you regain your power as a consumer from the collection agencies? By following these 9 suggestions, you can stop screening your phone calls and turn the collections process to your advantage.
Posted August 26, 2007 - 20:18 by Paul Michael
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. But over the past few months I’ve noticed that more places accept Paypal and I began to wonder…is this going to create a generation of impulse buyers?
Posted August 21, 2007 - 13:51 by Philip Brewer
Over and over again, in budgeting articles and even books on personal finance, I see sample budgets that include debt repayment as if it were an expense. This shows a fundamental misunderstanding of what debt is. Your debt repayment is not an expense, it's an internal transfer. The only part that's an expense is the interest. The rest of the money was spent some time in the past, when you incurred the debt.
Posted August 15, 2007 - 11:55 by Jessica Harp
As most of you know, the cost of healthcare in the United States is outrageous! (Sicko, anyone?) For those lucky enough to have good medical insurance, an illness or an injury does not become a financial burden. However, for those without insurance or with sub par insurance plans, a seemingly small injury can quickly turn in to an emotional and financial ordeal. Interestingly enough, one of the best-kept secrets in the healthcare industry is that there are financial and charitable aid programs available to alleviate the financial burden caused by medical expenses.Posted August 7, 2007 - 15:54 by Andrea Dickson
There's a man who lives down the street from me who's a big fan of dumpster diving. And by "fan" I mean, that's all he does. His back yard is a sea of garbage. He has 30 broken refrigerators on his giant back porch. His truck, which is parked in front of my house, is overflowing with discarded junk like broken baby strollers, cardboard boxes, paving stones, and dried out cans of paint. He's impoverished. Yet he has all this crap lying around.
Posted June 27, 2007 - 02:23 by Ed O'Reilly
I finally buckled under the pressure to remain in the loop with Oprah and I rented 'The Secret.' Now, before you think I’m going to offer a movie review, I’ll simply say that it felt like an hour and a half infomercial: the actors were amateurish and the quick-cut editing reminded me of 'America’s Most Wanted' with 'The Da Vinci Code' as the graphic theme.
Posted June 7, 2007 - 00:30 by Ed O'Reilly
Sometimes, being frugal means not just saving money; sometimes it means not spending any at all. There’s been a growing preoccupation with working more to earn more--to buy more; yet, it never seems enough. A cursory glance at a landscape of malls, fast food chains and airplane hangar-sized clubs for buying sugary snacks in a container the size of an oil drum implies that this condition of over-consumption is reaching epidemic proportions.
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