The IRS has announced that they will now be sending out economic stimulus payments starting this Monday, April 28th. The first direct deposits were originally going to be made May 2nd, but I guess the government got antsy to start “stimulating the economy”. Again, I am skeptical that this will actually stimulate the [...]

Fed Reserve Chairman, Ben Bernanke, made a statement today in Richmond that struck me the wrong way. He said:
“We do not have the luxury of waiting for markets to stabilize before we think about the future,”
I think that he’s right about putting more strict guidelines on mortgage lenders to help weed out the [...]

Here is a good question from a Money Crasher’s reader that I thought I would share with everyone, because some of you may have the same question. Remember, don’t take my advice as gospel. Verify it with other people you trust in your life. I answer questions how I would do it [...]

If you’re in your 40’s, 50’s, or 60’s, you’ll probably see the full social security benefits promised to you when you paid into the system throughout your working career. This article from CNN Money via Yahoo Finance, talks about the report that was released this week that Social Security funds will be tapped out [...]

I have been receiving a few emails from people asking a question similar to this:
If I owe taxes to the government for 2007, will I still receive the stimulus check?
Answer: YES. These refund checks had to be created somehow, so the government created a tax credit for 2008. Instead of [...]

If you keep up with current events and/or financial news, then you probably heard about the demise of Bear Stearns, a once large investment brokerage firm. Many were shocked when the news came out that JP Morgan would be buying Bear Stearns at $2 a share, when months ago the stock was trading at [...]

Consumerism Commentary reported on a financial literacy education program that would allocate $250 million dollars a year toward personal finance education in the K through 12 public school system and public colleges. The bill would provide grants to schools that want to implement the education program, but it might require that the school make [...]

My wife is currently doing a clinical rotation for physician assistant school in Orlando. She has to drive 30 miles each way from her parent’s house to the hospital. We budgeted out $150 dollars for her to get through two weeks, but now I am starting to rethink that budget amount. She [...]

This is a quote and text from a USA Today article published today:
President Bush said Thursday he doesn’t think the country is heading into a recession, but “there’s no question the economy has slowed down.” “There’s a lot of uncertainty and I’m concerned about the uncertainty,” he said. “Hopefully this pro-growth [...]

Sometimes, I don’t agree with the advice that Suze Orman gives, but she definitely gets it right in this article about what to do with the mini windfall that you’ll be receiving from the government this summer.
Here is a quote from her article that I liked:
I don’t agree with that approach on any [...]