Okay, so Smart Money came out with their 5 best cars to buy a college student. First of all, I would never buy a college student a new car. But, if you’re rich, and you don’t mind dropping $15k on a car that will hardly ever be maintenanced, get ragged out, and probably [...]
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Finally, there’s some good news to report about the economy, and I’m happy that the media isn’t ignoring it. If you didn’t notice, the stock market shot up today, but it’s been doing that a lot lately, and then the next day is drops like a rock, again. Here’s a run-down of the [...]
26 Aug
Posted by author as Politics, Presidential Candidates, Question Of The Day
Please, keep this civil. I’m interested to know which candidate’s economic plan will be better for our country? Don’t know their differing plans? I’m not going to go through all of it here, so research it on your own.
My Answer: In my opinion, it’s McCain all the way. [...]
25 Aug
Posted by author as Consumer News, Credit and Debt
JLP from All Financial Matters made a great insight about the next financial bubble we face in the United States.
Much like sub prime mortgages are packaged together and sold to large financial institutions to earn from the interest of the borrowers, credit card debt is also packaged together and sold off to larger financial institutions [...]
My wife and I are in the process of buying a home, and I have been frustrated lately at the hidden mortgage fees that brokers try to pass off as “necessary” to close the loan. When in fact, there are so many fees that don’t need to be paid by borrowers with good credit [...]
21 Aug
Posted by author as Entrepreneurship, Kids and Money, Spending and Saving
This week we’ve been talking about kids and money. Don’t gloss over these articles, even if you don’t have kids, because you most likely will someday. Lack of financial education is the number one reason why we have so much credit card debt and outrageous foreclosure statistics as a nation. We don’t [...]
20 Aug
Posted by author as Spending and Saving, bank fees
Yahoo Finance has an article courtesy of Smart Money describing five sneaky overdraft traps that banks use on customers.
Times are tough for banks right now, so they’ll do anything to increase revenue, and bank fees are the easiest way to fatten their bottom line. According to the article, banks collected over $17.5 [...]
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19 Aug
Posted by author as 401k, Kids and Money, Spending and Saving
Yesterday, I discussed the importance of teaching your young children to manage a set amount of money that you give them for extra jobs around the house. Today, I’ll talk about helping your pre-teen learn how to save money. From ages 8 to 12, these youngsters know how money works, but they have [...]
The time will soon come when your child discovers money and wants to do things that cost money. The age that this happens varies by each child, but generally children start getting an itch to buy things with their own money around 6 or 7 years old. At this age, they won’t go [...]
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My wife and I are in the process of buying a house. We’ve owned one other piece of property in the past, but this time is much different. The market is different, the amount is much more, and we don’t have a loan from her parents for a down payment. If you [...]
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