April 14th, 2008
Over the weekend, I wrote about how my credit card company is trying to get me to refinance my home with them, and take out some cash. For me, this is an obviously foolhardy move. Such offers usually go straight through the shredder.
But Sean left a comment that I feel is very pertinent to the […]
By miranda -- 0 comments
March 13th, 2008
Not too long ago, Yielding Wealth ran a contest in which readers submitted questions to Linda Leitz. Leitz is the author of the book We Need to Talk: Money & Kids After Divorce. Throughout the rest of the month, I will be posting her answers to the four best (and most common) questions I received.
Today’s […]
By miranda -- 0 comments
December 7th, 2007
If you haven’t been reading those notices that come in your credit card statement, or if you haven’t looked on your statement for your credit card interest rate, you may be in for a rather unpleasant surprise.
Some credit card companies (Discover notable among them) are in the habit of periodically checking your credit report. They […]
By miranda -- 0 comments
October 31st, 2007
With the news that 2 million foreclosures are expected by 2009, many people are wondering if their adjustable rate mortgages will come back to haunt them when the mortgage interest rate reset takes place. One of the questions I was recently asked was this:
How can I avoid foreclosure?
The answer to such personal finance questions is […]
By miranda -- 8 comments
October 29th, 2007
One of the more confusing financial terms that many people run into is equity. This is true whether you are talking about your home or your business. The Accounting Solver offers a rather enlightening graphic, and points this out about equity and business ownership:
The basic accounting equation dictates: the more Liabilities, the less Equity, and […]
By miranda -- 1 comment
October 24th, 2007
While the predatory lending bill introduced into the House earlier this week does, in fact, show some promise in curbing some of the practices that led to the subprime lending crash, it is somewhat low on education.
Even though mortgage lenders and other creditors, such as credit card companies, do deserve some of the blame for […]
By miranda -- 0 comments
October 19th, 2007
One of the hardest aspects of financial planning is the discipline it takes to curb your habits and re-focus. And overcoming habit is hard. But at this point, some things seem ingrained in the American consciousness to the point of ridiculousness, as MarketWatch points out:
Yet still, despite falling house prices, soaring energy prices, a credit […]
By miranda -- 0 comments
September 14th, 2007
One of the more interesting things in life is how personal responsibility can help you along. This works in all aspects of life, including your personal financial situation. In order to start yielding wealth, it is important that you stand up and take responsibility for your personal financial situation. Yes, there are many undesirable circumstances […]
By miranda -- 3 comments
September 7th, 2007
For October, as Get Rich Slowly points out, Consumer Reports did an issue on credit cards. My husband, always helpful, pointed this out to me when his CR arrived. “Look!” he said, “Can you use this at all?” I became excited as well. Less so when I found out how “crappy” my credit cards are […]
By miranda -- 4 comments
September 4th, 2007
This whole subprime lending mess has brought to light some very real problems with our society. This whole idea of “buy now, pay later” has really caught up to us. So, even though it is possible to use credit cards to your good, it is important ONLY to buy what you already have money for. […]
By miranda -- 0 comments
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