Posted August 4, 2009 - 05:00 by Philip Brewer
I got a notice from one of my credit cards a bit ago, announcing that they were raising the interest rate. It's only of theoretical interest to me, of course--I use credit cards for transactions, not to borrow money--but looking at the rate they're charging reminded me that there are really three interest rates.
Posted July 31, 2009 - 04:00 by Jabulani Leffall
In order for the economy to turn around it has to hit what so many investment experts and economic forecasters call the "bottom," but what is it, this bottom, what does it look like and with all of this conflicting data, how should we tailor our own spending habits?
Posted May 28, 2009 - 07:10 by Philip Brewer
Having a prosperous country (as opposed to having merely a prosperous elite) depends fundamentally on the rule of law. The system can work adequately well with various sets of rules, as long as they're known in advance and fairly applied. During hard times, though, there's a strong temptation to ignore the rules in a search for a less-bad result. Both borrowers and lenders need to watch out.
Posted September 30, 2008 - 13:15 by Philip Brewer
Anybody--but especially frugal people--can be excused for thinking that the whole credit crisis thing is being overblown. After all, we get along without debt. In fact, we strongly recommend that others do so as well. If getting along without debt is the way to go, why make such a big deal over a credit crunch?
Posted February 24, 2008 - 15:50 by Xin Lu
I think most of us have been asked to lend money to someone we know. No matter how close you are with the potential borrower, there are certain situations when you just have to say no. Here are some of the times I think you should absolutely keep your money for the sake of your relationship with the other person and the well being of both parties.
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