Well folks, I hope you have plenty of time on your hands. The initial 3-page document that Bush and Paulson put forward has grown somewhat. It's hardly surprising, considering how
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
Six months ago, I had plans. Lots of them. Career plans. Vacation plans. Financial plans. Then everything fell apart. My mother became ill. She had already been ill, having been di
The key thing to know about the Temporary Guarantee Program for Money Market Funds that the Treasury announced 10 days ago is that it only guarantees the money that you had in the
Last year I wrote an article about how I used my Vanguard Tax Exempt Money Market Fund as a high yield checkings account, and this week I suddenly got quite a few hits for that art
I remember saying to my dad, a long, long time ago, that I really needed a whole bunch of He-Man action figures for Christmas. Oh, and Battlecat, too. My dad looked at me, a hopefu
Several times recently, Treasury Secretary Paulson (and many others) have claimed that the "root cause" of the current financial crisis is "the housing correction." This is comple
About a year ago I wrote an article about the Consumer Price Index that made some friends say that I am a conspiracy theorist, but apparently I am not alone in believing that the g
Your life map is so clearly laid out in front of you; yet the last piece of the puzzle – retirement – is a fuzzy and often incomprehensible anomaly. With people living longer and s
Dear Secretary Paulson: I've looked over the fact sheet on the proposal to give the Treasury the authority to purchase "troubled assets," and although I have some doubts about th
In case you hadn't noticed, stock markets around the world have done some crazy things this week. At this point, I think we're all a little lightheaded, wondering if we should be w
Early this morning, the Treasury announced deposit insurance for money market mutual funds, provided that the fund pays a fee. The money to provide the insurance will come from th
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
Everybody learns best in their own way. Some by reading, some by listening, some only by personal experience--and there are always a few who never learn. But, if you're one of th
As we watch the markets sink and gyrate, it's a scary time. There's talk of a major recession. While the downsides of a downturn are obvious and very real -- lost work, lost invest
I don’t know about you, but I’m more than a little worried by recent economic events. First Freddie Mac and Fannie Mae, then Lehman Brothers, and now an $85 billion loan to AIG. So
For thirty years, people have treated money funds as being just as safe as a bank. On the rare occasions when money fund management made a bad investment, they've voluntarily coug
There are several things you can do with a house that you own. During the housing boom, most of the attention was focused on two of those things: You could sell it, or you could
You expect to spend your retirement years living in Costa Rica. Your spouse expects to stay local and join the golf club.
And you don’t figure this out until the day before you re
I’ve written before about morality and pride taking a back seat to cash rewards. With today's game shows scraping the bottom of a very deep barrel, it amazes me what people will do
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