Economy

Self-sufficiency, self-reliance, and freedom

Posted 7 weeks 6 days ago by Philip Brewer

Personal Finance, Frugal Living, Career and Income

Garden by a dugout house

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-reliance. Rather than directly producing the things they use, they produce something they can sell for money, or else they work for someone who will pay them money, aiming to earn enough to buy what they use.

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Your stimulus check is on its way!

Posted 10 weeks 3 days ago by Paul Michael

Consumer Affairs

money!

Wow. I guess pigs may just fly after all. Because, believe it or not, the goverment is actually paying out the economic stimulus checks ahead of schedule. And that means you could get your cold, hard cash as early as Monday, depending on your SSN.

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Gas Is High Enough….

Posted 11 weeks 11 hours ago by Linsey Knerl

Personal Finance, Consumer Affairs, Cars and Transportation

Watching my local newscast a few nights ago, I was disturbed by the assumption that the anchor made regarding rising gas prices and consumer reaction. In direct response to the possibility that gas would reach $4.00/gallon, he mused at whether even this horrific amount for gas would be enough to “change consumers’ habits.” What? As if we’re not doing that already.

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Bush's economic stimulus package; What will you get back?

Posted 22 weeks 6 days ago by Paul Michael

Personal Finance, Taxes

Tax calc

As you’re no doubt aware, President Bush has created an economic stimulus package in the hopes of stalling the impending recession (or if you believe some, depression) that’s on the horizon. It’s not approved yet, but it has already passed its first major hurdle – The House Of Representatives approved the $146 billion dollar deal. Want to know how much you'll get?

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

Posted 23 weeks 5 days ago by Xin Lu

General Tips, Real Estate and Housing, Credit Cards, Consumer Affairs

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 markets. This move means different things for different people and for some consumers it is excellent news. How could these consumers take advantage of this event?

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What If Everyone Suddenly Became Frugal?

Posted 25 weeks 3 days ago by Xin Lu

Extra Commentary

What if a magical spaceship from the planet Cheapos came to earth and brainwashed everyone so that every single American stopped buying useless junk and started to live way below their means?    Here are some things that I think could happen if the denizens of the United States became tightwads over night. The effects will be global, and they are not all good.

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Preparing for a recession

Posted 27 weeks 4 days ago by Philip Brewer

Personal Finance

Going out of business sign

I don't know if a recession is coming. Nobody does. We may dodge the bullet for a while. On the other hand, the economy may already be in recession. You don't need to know the future, though, to make some wise moves.

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Save gas; don't make left-hand turns.

Posted 29 weeks 6 days ago by Paul Michael

Frugal Living, Cars and Transportation

No left

You have to hand it to UPS. They crunched the numbers, they looked at the hard facts and they figured out that by limiting the number of left-hand turns made, you can save a whole bunch of money on gas.

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Living within your means isn't nasty

Posted 32 weeks 1 day ago by Philip Brewer

Personal Finance, Frugal Living

Sunday Times with my grandfather's hat

How bad could things get? The New York Times asked that question about the economic situation. It's a good question, but they gave a really bad answer.

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How the subprime lending boom hurt everybody

Posted 41 weeks 3 days ago by Philip Brewer

Real Estate and Housing

Graph showing foreclosures on subprime mortgages leading to net loss of homeownership

Among the Wise Bread community, I get the sense that there's a kind of "pox on both their houses" attitude to the problems in the subprime mortgage markets. People who worked through their own credit problems (or avoided having any) can't stir up much sympathy for people who bought houses they can't afford--and pretty much nobody has any sympathy for the mortgage brokers and hedge funds that lent them the money. A new guide from Americans for Fairness in Lending, though, shows that the damage actually hits at every level, from the individual borrowers (including borrowers with good credit), through the neighborhood, local economies, and the national economy. With their kind permission, we're presenting the guide here on Wise Bread.

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Should George W. Bush write for Wisebread?

Posted 41 weeks 4 days ago by Paul Michael

Extra Commentary

Bush

I'm not sure how many of you watch the news or read the news blogs on a daily basis. I know I can't, it's way too depressing to do every day. But when I saw that George W. Bush, our President, claimed he was fiscally responsible I almost snorted tea out of my nose and onto my monitor. Fiscally responsible? Seriously?

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Europe has the Euro. Are you ready for The Amero?

Posted 1 year ago by Paul Michael

Filed Under: Personal Finance

3 pres 2006

Hold onto your hats. (Or should that be dollars?) The Amero is coming. I’ve heard a lot of talk over the last few years about a new currency called the Amero that will replace dollars and pesos.

Continue reading "Europe has the Euro. Are you ready for The Amero?"

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