Money Monday, 1/12/09

TODAY! (she declared, boldly!) Is the first day of the rest of my life!! ... all these thousands and thousands of dollars needed to beef up the emergency fund, pay off the debts and perhaps even ... start turning my attention to the debts – because frankly, each of those I get paid off reduces how [more...]

Date: 2009-01-13 00:55:00

Blog posts (568) | Videos (72)
 

First Update of the Year

The Berg household hasn’t changed much in the past few months. Our days consist of working, spending time with family, friends and our animals ... : -Paying off Debt!! -Jonn to finish school -Refinancing home -Jonn and Becca’s Future Farm ... and not to argue about it (not like we did).  We both can’t wait to be debt free and we are on our way [more...]

Date: 2009-01-15 03:22:08

The Statute of Frauds: It's Not What it Sounds Like (What you should put in writing)

Based on its name you might think that the Statute of Frauds has something to do with criminal or civil fraud, but it doesn't ... are as follows: * Holding a person responsible for the promise to pay the debt of another * Contracts ... is not meant to replace legal counsel. To speak to one of Gross & Romanick's attorneys please contact them [more...]

Date: 2009-01-12 13:48:00

When It's Time to Wave the White Flag and File Bankruptcy

Sometimes, despite our best intentions to pay back our debts, our individual circumstances make it an impossible task ... to buy more immediate needs, like groceries or the heat bill? Do bill collectors call you regularly ... ) Have you tried debt consolidation but can't get approved for the loan? Are you unsure how much [more...]

Date: 2009-01-08 02:07:50

Are You Or Any Of Your Clients Considering Bankruptcy?

As I have been watching the news this week, I see that bankruptcy is at an all time high ... their creditors get a fresh start by liquidating their assets to pay their debts, or by creating a repayment ... to require that anyone filing bankruptcy complete an approved credit counseling program before [more...]

Date: 2008-10-01 11:46:06

The Dirty Secrets of Debt Reduction (and What to Do About Them)

When I was a sophomore in college, I got my first credit card. I thought it was awesome — it was like free money ... to pay off debt. I was arrogant. I believed this advice didn’t apply to me. But then my car broke down ... , and then paused my debt elimination plans for a few months in order to stash $1,000 in the bank [more...]

Date: 2008-07-17 12:00:34

Crafty Creditors Are Making Changes

This is a guest post from Tisha Tolar is a freelance writer providing content for CreditCardAssist ... . By today’s standards, a good customer can simply be late paying a debt other than the credit card ... and charges to accumulate, leaving you in even greater debt. Credit card companies rely on the fact [more...]

Date: 2009-01-14 13:10:23

Thailand: Market swings and politics put rice farmers under siege

Flooding of Thailand's rice fieldsSix months ago, the price of rice in Asia had tripled to more than one thousand dollars a ton, ... to pay all my debt," she said. "When the farmland is destroyed, the debt is still ... are always in debt."Thaweewan and other farmers in the village are now worried because of floods [more...]

Date: 2009-01-16 01:48:00

Confessions of A Cultural Anthropologist: Cause and Cure of High Health Costs

"Today’s medical students are being inducted into a culture in which their profession is seen increasingly in financial terms. Add in such pressures as the need to pay off enormous debts, and it is not surprising that students’ choices are dictated by the desire to maximize income and minimize work time [more...]

Date: 2009-01-09 17:10:00

2008 Bailouts Exceeds Combined Costs of All Major U.S. Wars

Yes I know, I know that Barack Obama has more bailouts to add to the already growing list ... out our children and grandchildren and maybe greatgrandchildren will end up paying the debt that is left ... the American people about the debt that Iraq will leave for our children, well they need to start [more...]

Date: 2009-01-10 18:36:28

Shamed solicitor faces jail for taking from pensioner’s will

By Michael MacLeod A DISGRACED former lawyer who took almost half-a-million pounds from a dead pensioner’s will used the cash to pay off his own debts. Michael Karus, 48, embezzled £413,052.81 while acting as the executor of the estate of the late Edith Hampton, who died aged 89 in 2003. It emerged yesterday in court that he used the former teacher’s cash to settle debts in his own law and property firms and even paid off a personal credit card debt. [more...]

Date: 2009-09-28 17:11:34

No Graft?

From Megan McArdle a STIMULUS PROPOSAL: If the Government wants to stimulate the economy, ... you have with fiscal stimulus. People will save some of the tax cuts, but people need to pay down debt too ... . And a critique: The main problem with a payroll tax holiday is that it minimizes Congressional [more...]

Date: 2009-01-14 02:33:57

Hillary Clinton Asks Supporters to Clear Debt

Hillary Rodham Clinton's presidential campaign committee sent an e-mail to supporters Tuesday inviting them to congratulate the New York senator on her nomination as secretary of State -- and help pay off her remaining debt. The campaign had nearly $7.5 million in debts to consultants and vendors at the end of October. [more...]

Date: 2008-12-03 17:20:35

Waterford Wedgwood in receiver’s hands

By Jim Boulden CNN LONDON, England (CNN) — Fine china and glasswork maker Waterford Wedgwood plc has called in a receiver – the British ... Deloitte, and added it will announce later Monday which of its Irish and UK subsidiaries ... no longer pay its debt obligations to a consortium of lenders, headed by Bank of America. Waterford [more...]

Date: 2009-01-05 12:51:10

A Page From Japan's Playbook? Bernanke Proposes "Floor" Under MBS Market

One of the widely criticized features of Japan's approach to its post-bubble crisis was that its regulators tried for some time to avoid the ... to nominal) value of the debt, there was no reason to expect the borrowers' ability to pay to improve ... to Freddie and Fannie debt, but to continue to provide some sort of prop to the MBS market. Note [more...]

Date: 2008-10-31 20:59:56

When To Consider Filing For Bankruptcy

There are many people who have been feeling overwhelmed by the burden of their high credit load. This can be seen though the increase in consumer bankruptcies over the past year. If you are feeling like you'll never be able to pay off the debt you've accumulated, you might be wondering if you should file for bankruptcy. 5 Vote(s) [more...]

Date: 2009-09-29 16:08:50

(untitled)

Amazon.de Widgets If you want to take a loan to repay others, debt consolidation is the best bet. For paying down credit cards the most easiest way is to try a credit counseling program. One of the most assured measures to lower all your debts swiftly is here. Stop being at stake with striking debts, put them together into one debt consolidation program to have one low monthly payment. This can even help you control your monthly payment structure and keep you within a budget. [more...]

Date: 2009-09-15 23:43:02

Reader Mailbag #30

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance ... if it would be a smarter idea to take the money I would be investing to continue paying off my debt over the next 6 months, after which I will have eliminated my credit card debt and half of my [more...]

Date: 2008-09-29 14:00:56

Russo-Ukraine Tit For Tat

by anderson The swath of post Russo-Georgian conflict friction continued its widening course recently when Gazprom and Ukraine's Naftogaz ... of the year.  Indeed, the stalemate of such an agreement likely stemmed from Ukraine's failure to pay ... that "The debt should be paid to the last ruble if they do not want the economy to suffer from Russian [more...]

Date: 2008-12-28 21:04:04

Biggest meltdown winner: be very wary

Canada’s pre-eminent market oracle, Prem Watsa, has been cautiously buying stocks and bonds since late November even though he doesn’t believe the bottom has been reached.The crux of the problem“De-leveraging” is hoarding, paying down debt, postponing expenditures by banks, individuals and companies which is contributing to the recession [more...]

Date: 2009-01-16 01:27:00

Saving Money, Even When You Have None to Save

Even as I thought about making the goal of saving  €1500 in 2009, I cringed inside ... just by living? Shouldn’t I be tossing as much money as possible into paying down our debt instead ... , one of the cats, a major household appliance, I would like to know that we could solve the problem without having [more...]

Date: 2009-01-14 11:00:34

Do You Know How to Renegotiate Your Loan?

September 13, 2009 | By Wendy Polisi In Finance | The economic recession has too many people wondering how they can possibly pay their loans and debts the way they agreed. Too many people have lost jobs or are dealing with a pay decrease, or may even have new expenses they have to meet. These are very stressful situations for everyone. [more...]

Date: 2009-09-14 02:00:49

20 tips for living on one income

Thanks to everyone who came by with Christmas greetings over the holidays. Hanno and I appreciated them very much ... and one of you loses your job?Your main goal is to keep your home, feed your family and pay off your debt ... it a try. We had already paid off our mortgage but we had a small amount of debt on our credit cards [more...]

Date: 2008-12-29 04:21:00

Hawking Public Assets

Yesterday, members of the Chicago City Council made a snap decision to lease off the city’s 36,000 parking meters in exchange for $1 ... of the city, it’s a good thing,” Pagano said. That means paying down debt and getting other long-term ... , that’s a problem, he tells us. The Reader’s Mick Dumke breaks down how the latest privatization [more...]

Date: 2008-12-05 18:05:50

Solution to bankruptcy

Bankruptcy is defined as a condition where an individual or an organisation is not able to pay their debts to their creditors. Bankruptcy would seem to be the last option for some to clear our debt. Bankruptcy laws are available all over the world. In the United States in particular, new bankruptcy laws have been proposed [more...]

Date: 2009-01-15 04:23:09

Warning!

Potentially disturbing girly crap coming up. If you don’t wanna read it, then don’t. Please. That being said ... cash to pay off the bad, bad debt. So far I’ve managed to bring home a little under $200 in extra ... I thought something was, er, wrong with me. Fast-forward about 6 months, and I find out that nothing [more...]

Date: 2009-01-15 21:28:10

Use Snowball Method Spreadsheet To Pay Off Debts [Snowball Method]

Do you have so many credit cards that you could sew a pair of pants from them? Confused as how to get rid of them? ... style of repayment you want, such as snowball or highest interest first. The program then spits ... Try this handy Excel spreadsheet to generate a custom strategy for becoming debt-free. Just enter [more...]

Date: 2008-08-26 11:13:53

A short note on a payroll tax "holiday"

By TigerHawk at 1/13/2009 09:13:00 AM Should we immediately pump money into the economy via a payroll tax holiday? ... will save most of the money or use it to pay down debt, rather than spend it or invest it an actual project ... debt. Why will it help (more than a little) to move yet more liabilities on to the federal [more...]

Date: 2009-01-13 14:13:00

What if we change our minds?

The day after Obama won might be the day when blacks stopped being so sweet and docile. Didn't feel like being meek, humble or kind ... be a way to 'pay the debt' owed to millions of Black people. We would right the wrongs of the past; we would show the world how progressive we are. I trust the debt has been paid. Personally, I've always [more...]

Date: 2008-11-18 15:30:43

Retirement Investing During Deflation

 If a recession becomes severe, dollars may suffer from deflation rather than inflation ... by reducing payments or restructuring.   As deflation sets in you’re paying off debt ... in value (real estate, stocks, etc).   Most retirees have no job to lose. They’re living off Social [more...]

Date: 2009-01-14 17:25:11

Emergency Private Pension Plan

The simplest kind of stimulus governments the world over could provide is to cut withholding taxes. Let people keep more of their money from each pay check. People will then do what they have to do. That is, they'll either use the cash to pay down debts, save it, or spend it [more...]

Date: 2009-01-14 04:26:58

Daily Tidbits: Delicious gets some 'intelligent' competition

ZigTag, a social bookmarking tool that has been in the works for years, has finally launched to the public ... with debt create and manage a plan to pay it down. According to the company, DebtGoal.com allows users to enter debt information, interest rates, and payment schedules into the app. Once input, it delivers [more...]

Date: 2008-12-29 17:28:00

It will take the average…

…person with $10,000 in credit card debt 30 years to pay off. Consolidate this debt into your mortgage so you have the tax-deduction at the end of the year. [more...]

Date: 2009-01-12 17:32:56

My Everyday Look

I love dressing up. If only I have extra cash to buy clothes and accessories everday, I will. Unfortunately, I have a big credit card debts to pay off on my next payday but after that I will shop again for more dress, tops and jeans! Good thing that shopstyle has been created! From here [more...]

Date: 2009-01-15 04:42:14

I’ve talked the talk, but have I walked the walk?

With a name like “Debt Destroyer” it’s kinda implied that I’m spending my waking hours destroying debt.  I wish that was the case ... * *I originally included a credit card balance in my initial debt total.  But I always pay off ... to go out on a limb and say that I’m not alone in my debt reduction journey. How are you doing?  Are you pleased [more...]

Date: 2009-01-08 15:04:31

My Net Worth Is Down Only 10% Since Its August 2008 Peak

So, how did I manage this remarkable accomplishment?  Let me tell you…. I have been tracking my family’s net worth for about eight months now ... to erase the debt. Investing In Education.  My net worth would have actually been the same over ... value, your net worth will increase by the amount of debt you pay off.  Finance is dictated [more...]

Date: 2009-01-10 18:13:54

2008 in review

2008 didn’t really go exactly as planned.  It could have been better; it can always be better ... .  I had hoped to pay off all of my debt.  I wanted to travel to more places…a big trip at least every other ... Mountain and met Leonard Knight Drove to Maine for a week Visited Chicago for the first time and saw [more...]

Date: 2009-01-06 03:23:33

Bail us Out, say Madoff Victims

As I suspected those (who are not earning minimum wage you can be sure) ... with interest. SIPC is essentially insurance. If the decision is made to payoff more than ... the SIPCs fees to pay off the debt. This is also helpful by setting up a constituency that doesn’t want [more...]

Date: 2009-01-06 13:47:35

IRS Unveils Initiatives to Help Taxpayers in Financial Trouble

IRS changes offer relief to delinquent taxpayers. The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes ... and collection letters to taxpayers who recently lost their jobs, rely on income from Social Security ... the IRS to set up an installment plan. These plans allow taxpayers to pay their debt in monthly [more...]

Date: 2009-01-07 06:45:10

What Does “Late” Really Mean? Beware of Sneaky Credit Card Fees

I spend a lot of time watching and listening to financial news reports; and since we’re officially in a recession, ... , and the people who always payoff their balances. Here’s How Credit Card Companies Hit Responsible ... debts low and paying bills on time. However, it appears that credit card companies have found a way [more...]

Date: 2008-12-16 15:04:11

Could It Be ….. Recovery? If So, Hurry Up Already

I’m starting to like this 78-day presidential transition period more and more. That’s because in another 30 days or so, the economy might ( ... up monthly cash flow. Many others will be cash-out refis where the cash received at settlement will be used to make major puchases or pay down other debt. The idea that there has been some kind of “ [more...]

Date: 2008-12-18 17:29:55

How to make a solid and regular passive income from Adsense

As you are aware, Google offer publishers a tool for placing adverts on your site, Adsense ... knows, it’s quite common to see these “High Paying Keywords” questions in Internet forums, however ... , but these days are long gone. There are still high paying niches, such as Cancer, Debt, Insurance [more...]

Date: 2009-01-14 09:09:54

The Year of Yield

With 2008 having proved a humbling experience for most of the market, many investment managers are embracing a strategy that gives them, at least, some guarantee for returns. And that means a focus on corporate debt, which offers yields at high spreads when compared with government debt, as well as dividend-paying stocks, many [more...]

Date: 2009-01-02 17:48:49

The Year of Yield

With 2008 having proved a humbling experience for most of the market, many investment managers are embracing a strategy that gives them, at least, some guarantee for returns. And that means a focus on corporate debt, which offers yields at high spreads when compared with government debt, as well as dividend-paying stocks, many [more...]

Date: 2009-01-02 18:59:12

Cheap and Easy

Lately I've been bad at lunch. There are several scenarios that fall into this category ... the money for other priorities, like paying off debt, updating our home, going on a date ... that cry straight to the drive-thru line at some McNasty fast food chain. A whopping $6 bucks [more...]

Date: 2009-01-15 01:18:00

The Perfect Storm

I bet you can name at least 1 person you know first hand that has more revolving debt than they can hope to pay off in the next 5 years... Couple this with the fact that the odds are really good that the person you're thinking of has had their credit file, or some portion thereof, stolen in the past year or so and you have the following situation. 7:00pm, Residence of John Debtor {phone rings} "Hello?" "Hello Mr. Debtor, this is Mr. [more...]

Date: 2009-09-08 16:08:00

War On Vice

2009-01-14 Labels: Canadian Society 0 comments The nanny-state expands further.This is just plain scary ... ? Charging a blackjack dealer with murder if a known gambler kills someone for money to pay for debts ... and then walks into a bar. They proceed to have one drink and leave. They drive off and kill someone [more...]

Date: 2009-01-14 21:21:00

Deals of the Day: Apres Merrill Lynch’s Deal, a Deluge of Layoffs

By Stephen Grocer and Heidi N. Moore Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing ... Brothers’ debt to pay up on billions of dollars of policies and opinions are varied on whether estimates for settlement arising from bank’s demise will fall within $6 billion estimate. Times of London [more...]

Date: 2008-10-20 13:19:52

Fast Cash

Many people nowadays, especially because its the holidays, find themselves strapped for cash. My friend John had to take payday loans in order to pay off his debts. What he did ... track of his payable and its charging lesser interest rates than the bank. Anyway, loans or fast cash [more...]

Date: 2008-12-07 08:07:39

The Simple Dollar Weekly Roundup: Sleepy Days Edition

I’m currently in the midst of my first Iowa winter as a stay-at-home writer - and it’s fairly tough ... . If you’re talking about core principles, there basically isn’t a price. You could not pay me enough ... and Manage a Debt Snowball I really liked this summary of how a debt snowball works - nicely written [more...]

Date: 2009-01-14 14:00:52

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