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 weig
It is easy enough to say that you have a goal of being debt free in “x” months or years. You have crunched the numbers, and your plan is realistic and achievable. But why is it so
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
If there are two pieces of financial advice that get hammered more often than any others, they're "Get out of debt" and "Put enough in your 401(k) to get any corporate match." Wi
You can contract more than just disease by sleeping with the wrong person…watch out for sexually transmitted debt, which can creep into your sex life while you remain blissfully un
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 str
Is there a limit to how much Americans can spend? Clearly there is: All they earn, minus savings and service on their existing debt, plus new borrowing. Since the Bureau of Econ
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
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
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
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
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 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
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 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
You may (or may not) be delinquent with a debt payment, but debt collectors don’t have carte blanche with regards to how they can hustle the money from you. Some can be rude, make
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
So you are up to your eyeballs. Drowning in debt, expenses, and struggling to keep your head above water. You have been reduced to the life of a monk and are still making no headwa
It's amazing how many of us are business people -- dealing with budgets, liabilities, profit, revenue and loss -- who make questionable decisions with our own finances. What
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