Why Did We Buy All This Stuff?

Stuff is Not Salvationby Anna Quindlen (Newsweek) What passes for the holiday season began before dawn the day after Thanksgiving, ... Americans will be a trillion dollars in the hole on credit-card debt alone.But let's look ... this one.A critical difference between then and now is credit. The orange had to be paid for. The rite [more...]

Date: 2008-12-17 16:38:00

Blog posts (385) | Videos (372)
 

8 Bad Things You’re Teaching Your Kids About Money

This is a guest post from Jonathan, one of the writers at Master Your Card ... readers to get out (and stay out) of credit card debt. If you’re a parent then you probably ... that swear words are bad and you should never use them, but the one time you drop something on your toe [more...]

Date: 2008-11-28 16:34:36

No Home Equity Often Means No Health Care

Many people have dealt with rising healthcare costs by borrowing against their home. Now that’s gotten tougher, and so is paying the medical bills ... scrapes and stumbles led them to amass a pile of credit card debt and forced them to refinance ... -in-law," Deborah said Monday. The Krinskys are not alone in their scramble to make ends meet [more...]

Date: 2008-10-28 15:09:05

I WANNA A NEW DRUG... ONE THAT WON'T MAKE ME SICK

Some may say this is a bit of a rant, but I believe it needs to be said, and it's my blog, so I will say it ... 2.  Credit card debt is at an all-time, unsustainable high 3.  The banking industry is in total meltdown ... to see what happens?   I'd like to offer another alternative... Pay Attention!  Each [more...]

Date: 2009-01-15 15:52:31

Shopping and Saving Money...

Oh, for the good old days when people would stop Christmas shopping when they ran out of money. ~Author Unknown So... ... has a mortgage, we own everything. No loans. No credit card debt. We lived on hand-me-down furniture ... . I thought -- heck, it's NOT the weekend, and it's early in the morning, it shouldn't be too bad. WAS I EVER [more...]

Date: 2008-12-06 10:17:42

Taxing my patience

I don't know if you're like me, and devote part of every Sunday morning to making yourself feel sick ... for the Oatens (they'll be able to pay off their credit card debt in "only" 153 years if they follow ... , looking up from the Plymouth Argyle match report (he has a final salary pension, natch [more...]

Date: 2008-11-11 13:12:17

Fuck Wall Street

One part of my job requires that I keep abreast of financial stories, ... that it cannot erase their credit card debt, or enable them to stay in their homes anymore.I know, it’s hard ... , individuals in bankruptcy were allowed to take money out for their mortgage first, and pay credit [more...]

Date: 2008-12-17 23:58:00

How Could You NOT Talk About It?

Everywhere in the blogosphere you’ll see people writing about finances and couples. The advice is the same, to be honest, etc. Here’s the thing ... on some of my ideas for fixing stuff. Usually he’s got an idea of what stuff costs and his own ideas about what he’ ... about my credit card debt about 8 years ago. Even then, that boyfriend wheedled it out [more...]

Date: 2008-11-18 14:33:33

Should you respond to a collection letter?

Recently a family member sought my advice on a collection letter he had received ... to finance the bike, the dealership placed the interest from the loan and some accessories on a credit ... balance), he was still left with several thousand dollars of debt on the credit card. Since he went back [more...]

Date: 2008-12-29 19:42:57

Arrange Your Own Debt Consolidation and Save Money

Amazon.de Widgets Debt consolidation companies can and have provided excellent services to thousands who have had severe credit card debt and who were suffering financial problems as a result. However, these services are not free and also many people don’t like the idea of handing over their personal information to these companies. The solution: DIY debt consolidation. [more...]

Date: 2009-09-25 15:43:00

Commercial developers lining up at the bailout window

Good Monday morning - I don't know how many people are reading out there, given the fact we're now squarely in the holiday season ... the market for car loans, student loans and credit-card debt. This money is intended to go directly to help ... Analytics LCC, $530 billion of commercial mortgages will be coming due for refinancing in the next three [more...]

Date: 2008-12-22 13:14:00

*Crosstalk Today*

The always fascinating Andrew Gause is with us on Crosstalk today to discuss Bailout Madness. Listen live here, 2pm Central ... you can just have the feds keep printing money and take care of everybody’s bad mortgages, everybody’s credit card debt from pizzas they ate 5 years ago, etc. OK, brilliant Americans, where do you think [more...]

Date: 2008-11-19 20:00:31

Everyone Needs a Messiah

Superman, Batman, Spider-man. However you want to slice it, we need heroes in our lives ... , not us personally, but we contributed to it. We bought a house at the wrong time, using a loan that would be considered “sub-prime”, ramped up our credit card debt, and we would love to see a Deus ex Machina come [more...]

Date: 2008-11-03 05:00:50

Niall Ferguson's "The Lessons of Detroit"

Here's an excerpt from Harvard financial historian Niall Ferguson's massive Vanity Fair article explaining it all: "Wall Street Lays Another Egg:" ... their homes as cash machines, converting their existing equity into cash and using the proceeds to pay off credit-card debts, carry out renovations, or buy new consumer durables. However, the [more...]

Date: 2008-11-07 12:06:22

Kennedy Refuses To Disclose Finances

Extremely wealthy and of famous pedigree, the Kennedy who wants to replace Hillary Clinton in the U.S ... jobs that required it. Kennedy’s hometown newspaper reports that she twice utilized loopholes to avoid ... , publicly available report disclosing her financial assets, credit card debts, mortgages, book deals [more...]

Date: 2008-12-23 15:12:47

Tale of the first $350 billion of TARP funds

President Bush has grudgingly allowed General Motors and Chrysler to drive away with the last few billion bucks in Treasury’s TARP till, ... International Group (AIG, Fortune 500) so the troubled insurer could pay off an earlier loan ... York might incur in a new program to lend money to owners of securities backed by credit card debt [more...]

Date: 2008-12-23 14:47:31

MortgageNewsClips: Spreadsheet Resource, Realtors Beware, Credit Cards, Lou Ranieri, Securitization Primer, Popular Sells, Asymmetric Risk, Damage Report, Disparity, NY Mortgages, Freddie Automates, 3 more News Clips

RESOURCE: has list of sites offering free spreadsheets - Spreadsheets: Free to Learn - No-cost tutorials, instruction, ... Ross - Inman News ———— BusinessWeek_logo Credit-Card Rage - Debt-strapped consumers vent ... -old concept of securitization a bad name, IMF Economist Andreas Jobst writes. Securitization [more...]

Date: 2008-09-02 10:37:39

Oil Will Surge Again… Here’s 7 Ways To Profit When It Does

HIDDEN VALUE Dear Value Seeker, We hope you had a happy holiday. We’re on our way back to our home in Buenos Aires tonight ... to affect our ability to pay off our mortgages… and our credit card debt? As my dad, Bill Bonner, and his colleague James Dale Davidson have been warning in their emergency report, How to Survive [more...]

Date: 2008-12-29 23:18:40

Painful eyes

A lot of emails come my way every 24 hours. Some stand out. Like this one. Not just that she’s a realtor who likes me ( ... to holding mortgage and credit card debt to the tune of 75 Billion, they say well that’s normal that’ ... citizens have become. Not just because she now laments the influence of cheap credit and easy money [more...]

Date: 2009-01-17 03:17:13

Paying off debt

I wish it wasn’t like this but money has a lot to do with simple living ... the life you want. Back in my spending days, credit card debt and a mortgage were normal parts ... leads seamlessly to another. When I stopped buying, I started creating. I made the things I needed [more...]

Date: 2008-08-18 06:38:00

Watching ads could be your ticket to a fortune.

By Paul Michael Unless it’s Superbowl Sunday, most people don’t sit around watching ads (well, I do, it’s part of my job) ... have been entertaining. It’s not like you’re sat watching ads for OxyClean or credit card debt solutions ... your ticket. Not a bad way to get a free shot at a big cash prize . And there are also runner [more...]

Date: 2008-08-19 17:16:48

Free download of Suze Orman book

While considering financial resolutions, here's another option -- one that will save a few bucks on books ... within your means, rather than running up credit card ... debt leaves you better able to weather ... that infomercial phrase) -- the offer expires Jan. 15. Orman is a media darling these days, thanks [more...]

Date: 2009-01-09 18:42:18

Debt Problems And Effects

by Eric Jilson Debt has both a human side and a financial side. It is easy to work out the financial aspect and it is incredibly large ... bottles in return for our “loyalty”. “Easy” credit is available and before they know it, many students ... . It is estimated that the average American household has a credit card debt in the vicinity of $12,000 [more...]

Date: 2008-12-25 15:01:58

The Rule the Banks Don’t Want You To Know

King Solomon once said that there’s nothing new under the sun. How appropriate that the wisest man in the Bible ( ... and credit card companies instead of making it work for them. The average credit card rate is currently at 13.54% (Source: Credit Cards.com, 2008) and Americans are averaging $16,635 in debt, excluding [more...]

Date: 2008-09-29 18:00:27

Review Part II - the beast awakens

August 2007 marks the shift from a functioning economy to a downward spiral of epic proportions ... when troubles came.  This time was no different. However, instead of walking from a few thousand in credit card or auto debt, they were walking away from hundreds of thousands in mortgage debt. Again [more...]

Date: 2009-01-08 05:58:24

My Resignation

I have to leave my recent company which I have worked with for almost 4 years & 8 months (April 04 - Dec 08) due to some unavoidable reasons ... of things need to be taken into account:1. Cash Flow Issue: daily expenditure, car loan, PTPTN loan, credit card debts & etc2. Economy Crisis : during global economy down time, most companies are recently [more...]

Date: 2009-01-15 10:00:00

Uncommon Money News (Vol. 42)

By: Roshawn WatsonIn preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news ... from more bad debt, credit problemsCitibank to receive $43 billion bailout but agreed to limit executive payCollege profit as banks market credit cards to studentsCredit card companies willing to deal over [more...]

Date: 2009-01-08 12:00:00

Saving for what’s next

This is Part 2 of a three-part series, Navigating the Financiapocoalypse ... never be touched except for unexpected large expenses — a major car repair, a big medical bill ... to have that in place (and earning interest) than be ruined by credit card debt when something big and unexpected [more...]

Date: 2008-11-30 21:31:55

Friday: “You MUST pay the rent!” “But I CAN’T pay the rent.”

Suburban Guerrilla has this visual depiction of the consequences of Simon LeGree’s wage policies over the past 4 decades ... through some liquid assets in order to get back on my feet before I saddled myself with credit card debt and I still think this was the right decision.  I only charge hotels and flights on my credit [more...]

Date: 2009-01-09 12:57:58

Dave Ramsey, Common Sense Fix Rather Than Congressional Rescue

Financial counsellor and syndicated talk show host Dave Ramsey---where credit card debt goes to die---presents an alternative to the $700 billion ... all prepayment penalties to encourage refinancing or the sale of the property to pay off the bad loan ... Ramsey's plan: "Years of bad decisions and stupid mistakes have created an economic nightmare [more...]

Date: 2008-10-01 13:11:41

Blackwater CEO Lights Pants on Fire in WSJ Op-Ed

Blackwater CEO Erik Prince's op-ed in the Wall Street Journal is so full of spin, sugar-coating, and quarter-truths, ... writes in Licensed to Kill: Hired Guns in the War on Terror. "He ran up credit card debt and worked day jobs, such as managing his father-in-law's flower shops and funeral parlor, to pay for martial arts [more...]

Date: 2008-12-17 19:14:15

Home Equity Loans Versus Home Equity Lines Of Credit

There is a difference between these two ways of obtaining credit. As great as the differences are, the uses are also radically opposite ... that is not affected by a URL=http://www.badcreditloanservices.com/bad-credit-mortgage.html mortgage /URL ... your credit card debt to avoid an endless refinancing, or any one-time purchase. The interest rate [more...]

Date: 2008-10-29 15:15:19

1929 and Now

I previously wrote about how we got into this mess here ... is unlikely for the reasons in the bullet points, according to the articles: With no deposit insurance ... to buy mortgages, credit card debt, etc apparently doesn't even need Congress to pass anything [more...]

Date: 2008-11-26 06:44:01

It’s a Labor Day Carnival of Debt Reduction

Happy Labor Day everyone!  Labor Day originated in 1882 when the Central Labor Union of New York City sought a day off for those who work ... rid of credit card debt the smart way. Early Retirement Extreme tells how he would get rid of debt ... Prosperity fires up his flaming chainsaws to fight debt collectors. My Debt Refinance gives five steps [more...]

Date: 2008-09-01 05:00:37

Strangers On A Train

Had to take the train all the way out to the sticks again today so I could pick up my car ... s just not the same. “In business, do you take the person who screwed things up and put them in charge of fixing ... sweetly. “Now the original proposal includes foreign banks, credit card debt and school loans. That wasn’ [more...]

Date: 2008-09-22 18:00:46

Lastest News in Credit Card Debt - Dec 15, 2008

Illinois Gov. Rod Blagojevich may allow special election for Barack … - Un… 15 Dec 2008 at 10:38am SPRINGFIELD, Ill. - Gov ... , 2008 By PAMELA YIP / The Dallas Morning News pyip@dallasnews.com Is negotiating with your credit ... loosen his grip on the seat … To push for better credit card deals, get in shape - KVUE 15 Dec [more...]

Date: 2008-12-15 18:43:11

The Gasoline Tax And The Renaissance Of The Bicycle

With the rise of the US automobile industry, the bicycle almost disappeared as a means of transportation in America ... -guzzling ways." It's better to use the money for mortgage payments, credit card debt, or a rainy day ... American public roads in good repair. They determined that the deficit between revenue and expense [more...]

Date: 2009-01-02 00:31:42

American Profit Recovery

Two months ago, our credit card debt from Sears was over. I’m thankful to the Collection Agency that resolve this matters ... more profitable, but change the fundamental way in which a collection agency operated. They have a proven ... . The Agency agreed to our demands. We want to pay the remaining balance for up to 6 months [more...]

Date: 2009-01-10 01:07:14

"The Secret Of Failure"

     Isn’t it great when the pundits welcome in the New Year with glad tidings to the effect that “it’s bad now, ... s business by the end of the year and reduce her credit card debt.  Now, these are worthy things ... ?    Hardly.  You see, she was focusing on is things being a little less bad, rather than creating [more...]

Date: 2009-01-08 15:34:02

6 Steps Towards Financial Freedom in 2009 and Every Year

CC photo by extranoise Among the melting pot of New Years resolutions posts over the next week you’ll see a lot of the familiar staples: ... you’re in good or bad standing financially, without a concrete budget you’re in no place ... to Stop the Bleeding If you have any credit card debt that carries over from month to month, attack [more...]

Date: 2008-12-28 22:33:33

Financial Clarity: The First Step to Eliminating Debt

We hear about it all the time on the news, the economy is in a downturn, a slump, a recession, a depression. Job lost is at an all time high ... credit card debt, student loans, car loans, and the money you borrowed from Uncle Charlie last year ... . People are losing their homes. People are scared. Just writing about it makes me feel scared. Oh [more...]

Date: 2009-01-08 02:07:51

Private Savings is the Federal Deficit

Jesse has a very nice post explaining the different kinds of money, and I recommend people read it. However, (s)he ends on an error, which I was prey to until recently also.Are credit cards or loans Money ... with conditions. You are receiving money that was not yours. Credit Is Not Money. Credit, or debt [more...]

Date: 2009-01-05 04:07:11

$150 000 in debt with credit card

I am about 27 years old and I am $150 i debt from bad spending habits and house payments as well as loans. I have kept a job but i am only able to pay little of my debt as just keeps increasing. I am looking into bankruptcy but i would like some further consulting. Thankyou Posted from: Ontario [more...]

Date: 2008-12-10 18:42:34

The current crisis is near the end....

This post is by Jim Fitch of Some Assembly Required. When someone tells you the current crisis is "near the end", ask them which end ... as much credit card debt in June as economists thought possible, increasing their total Visa bill to $2.59 ... struggle to swallow the bad debt it got when it spent $24 billion to buy doomed mortgage lender Golden [more...]

Date: 2008-08-11 13:40:58

Hepzibah Tales

Talking about money management and budgets is not something I enjoy. I’d rather discuss dismemberment, or the landscape of Idaho ... of the condo, plus some child-related debt. I did pay off all my credit cards, from the home equity ... happen. I am bringing my lunch to work, which is really a savings. I was fixing my big spinach salad [more...]

Date: 2009-01-14 03:33:40

Stuff is Not Salvation - reprint of Anna Quindlen’s Newsweek Post 12/22

What passes for the holiday season began before dawn the day after Thanksgiving, when a worker at a Wal-Mart in Valley Stream, N.Y ... in the hole on credit-card debt alone. But let’s look, not at the numbers, but the atmospherics. Appliances ... then and now is credit. The orange had to be paid for. The rite of passage for a child when I [more...]

Date: 2008-12-22 15:42:41

You too, Bill.

Thank you, Bill: Full text: Wednesday Remarks at the Democratic Convention by President Clinton I am honored to be here tonight to support ... declining; job losses, poverty and inequality rising; mortgage foreclosures and credit card debt increasing [more...]

Date: 2008-08-28 09:39:47

and we lost 5 bucks in the laundry yesterday, too

talkleft tells us that the stock market lost $3 trillion in the last three days: more bad news on the economic front ... for the program to support financial markets that supply consumer credit in such areas as credit card debt [more...]

Date: 2008-11-13 04:27:10

The Fannie/Freddy bailout

It’s almost as if the feds are trying to flush the economy down the crapper ... holders of U.S. Treasury bonds. -Higher rates are bad for anyone with a mortgage, credit card debt, a home equity loan, a margin account, etc. -Higher rates also increase the government’s debt burden [more...]

Date: 2008-07-15 01:21:54

Debt Consolidation Plan: “Plan” Before You Leap!

Too many debts to deal with? Has it become unmanageable? ... , credit card dues, overdrafts, or any number of unpaid bills that have built up over time ... with your requirement, your repaying ability, your credit history, the intensity of debt you’re into, etc. Thus, every [more...]

Date: 2009-01-15 08:14:20

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