Well, it had to happen sooner or later. People who stayed on the sidelines, diligently saving their money so that they could, one day buy a home that they knew was within their means, are starting to enter the home ownership club by buying homes that are drastically cheaper than they were a couple years ago. These kinds of articles give me hope for a
How could I not post about this article? I found myself feeling less than sympathetic for Ken Karpman. If ever there was a poster child for why you need to have emergency savings and a fall back plan, Ken Karpman is it. Ken was making $750,000 a year when times were good. He has now been reduced to delivering pizzas and his marriage is stumbling.
The Boston Globe has an outstanding feature called “The Big Picture”. I subscribe to the RSS feed for it and am continually impressed with the amazing images that they show there. Today’s feature is called, “Scenes From the Recession” and shows various images from around the world that are related to the current economic downturn. Take a look, I think you’ll really enjoy it: http://www.boston.com/bigpicture/2009/03/scenes_from_the_recession.html
Okay. I’ve had it with the bailouts. My new personal position is that we scrap the bailouts and let things fail. Once enough has failed and the losers leave the market, we can begin to rebuild without the trillions in national debt. The latest news is that AIG has paid out over $170 million in bonuses and it was also revealed who some of the
Jamba Juice has decided to get in to the breakfast food game and is offering $1 bowls of oatmeal in March. All you need to do is print out this coupon! http://www.oatmealforabuck.com/
JD over at Get Rich Slowly points to a great resource over at Dave Ramsey’s website. It’s a short PDF file that reinforces that the best course of action during economic certainty is to NOT PANIC and manage your emotions. I’ve always enjoyed Warren Buffet’s phrase, “Be fearful when others are greedy and be greedy when others are fearfulâ€. I think it’s a great phrase
For the past year or so when I was working at home I would just happen to glance out my office window at just the right time to see the gorgeous blonde house cleaner arrive across the street. After a few months of this, I happened to notice that she normally showed up on Wednesdays and I’d guess she comes every two weeks. It became
I’ve been reading a lot about all the possible gloom and doom that can be realized when the majority of citizens start saving more. While no one disagrees that saving is good, we’re starting to hear from more and more "experts" that saving is really best done during economic boom times. It turns out that saving during an economic downturn only makes things worse. Unfortunately,
Here’s an interesting twist on the home foreclosure front. People around the country are having success in getting additional time to avoid foreclosure by requesting that the lender produce the original mortgage documents to prove that they have responsibility for the mortgage and have a right to foreclose on the property. It’s no secret that I’m not super duper sympathetic for many of the people
I can afford the payment. I responsibly only borrowed what I could truly afford. I’ve stayed debt free with no credit card debt, car loans or anything other than a mortgage. I save and invest regularly. I’m pretty much doing all I can to be a financially responsible citizen. Unfortunately our society doesn’t seem to reward good behavior. In my daughter’s kindergarten class there are