I read a fairly long article in the paper this morning that talks about how much debt we as a nation have. If every man, woman, and child paid their share of the debt, we’d each have to shell out $145000.00. WOW. Our government is overspending to the tune of over $300 billion and borrowing from people all around the world. It cited the fact
Great news!I got a postcard in the mail today that said this: “Be Smart”“Use the equity in your home!”“US Bank offers loans and lines up to 125% of the value of your home”(I just picked my favorite lines from the postcard.) The postcard is from US Bank. I don’t do business with US Bank but I did years and years ago. US Bank is where
PBS did a series awhile back about the credit card industry. I happened to catch most of it and was dumbfounded at how much I didn’t know about the industry. I really hadn’t paid a ton of attention because I’ve never carried a balance, never paid an annual fee and have only paid late (by a few days) once. Here are 8 things to know
I’m hoping to start some dialogue on the subject of home ownership. It seems like there are a lot of PF bloggers that don’t own homes, or any real estate. Why is that? Do a lot of people think that real estate is risky? (Which I don’t disagree with, but I think it’s a relatively moderate risk when compared with all the other places that
It’s no secret that everybody loves your money. We all give it away to businesses every day with the assumption that the goods and services that each company has, is a better deal than a specific amount of money that’s in our wallet at the time. These days, the money doesn’t even have to be in your wallet. In fact, it doesn’t even have to
So, I’m sitting here having my morning coffee and reading the Sunday paper. Safeway (grocery chain) has a full page ad in the paper that says if you spend $50 in their store, you can get an extra 3 cents off per gallon of gas. If you car holds 15 gallons of gas, that’s a whopping $.45. So, what is that? Less than a 1
This is a great article that lists the different debt levels for mortgages, cars, consumer credit, student loans etc. The numbers are pretty darned high. I’m glad that we aren’t staring at any of these numbers in our house (with the exception of the mortgage). Anyway, interesting to read through. Check it out here: http://money.cnn.com/2003/09/25/pf/millionaire/q_debtstackup/index.htm
You have got to read this article in the Seattle PI. It looks at Payday loan companies and what kind of interest they charge. How about 391 percent? I just don’t know how people can offer this and sleep at night. It’s interesting (not surprising) that they saturate areas that have lower incomes and prey on the people that can least afford to use their
Anyone who really knows me, knows that I’m a big fan of cars. I always have been, and probably always will be. Due to this fact, I’ve learned a few hard lessons about how much money you can burn up with this passion. Well, I’m done making mistakes on that front. I don’t plan to “overspend†on a new car any time soon. Here is
Imagine a society where everyone makes enough money every month to pay all their bills and they even have some cash left over. Gone would be the endless fights between husband and wife over which bills to pay, which child they should buy shoes for, which financial crisis to address first. Couples would have to figure out something else to fight about every evening after