July 23rd, 2008
I recently read a story on CNN Money about what consumers are cutting back on in terms of household budget. It was a look at what people say they are willing to decrease their spending on when it comes to consumer items. Interestingly, though, it appears that Americans are trying to maintain their creature comforts. […]
By miranda -- 2 comments
July 22nd, 2008
One of the things that can exacerbate the current economic condition is panic, and the thought that this is the only time such an economic problem has befallen the United States. However, economic down cycles are natural — the unreasonable thing is expecting unlimited and constant growth.
Over at Stock Trading to Go, Blain Reinkensmeyer shares […]
By miranda -- 4 comments
July 18th, 2008
Right now, there is a lot of focus on the economy, and on how the economy affects personal finances. This is a Big Deal in this year’s election. The major presidential candidates, Barack Obama and John McCain, are bending over backward to convince us that each of them has the right idea when it comes […]
By miranda -- 4 comments
July 15th, 2008
Today, Federal Reserve Chairman Ben Bernanke went before Congress and testified that economic risks remain. Indeed, departing from his usual, “the economy is on the road to recovery” line, Bernanke made it clear that he is uncertain about a great deal in the economy. He also pointed out that inflation is a very real concern. […]
By miranda -- 0 comments
July 15th, 2008
Yesterday, what with the news that the weekend had yielded plans to keep Fannie Mae and Freddie Mac from complete insolvency and that IndyMac was open again — run by the FDIC — after the government shut it down, people are starting to wonder how safe their money is in a bank.
The good news is […]
By miranda -- 0 comments
July 10th, 2008
We’ve been slowly working on getting a yard for our new house. We’re putting in a fence right now. We’ve decided to buy the rest of the fence panels, just before our trip to New York. We know that if we wait until next year to buy the panels (the posts are already in), we […]
By miranda -- 0 comments
July 9th, 2008
After a brief spurt of spending in May (thanks, no doubt, to economic stimulus checks), it appears that consumers are starting to cut back again With gas prices what they are, many are spending less at the store and going back to the old “recession diet.” Indeed, it appears that purchases that would have been […]
By miranda -- 0 comments
July 1st, 2008
I came across this, and thought it particularly relevant these days, since we might be facing a recession.
Former President Ronald Reagan:
“Recession is when a neighbour loses his job. Depression is when you lose yours.”
Tags: depression, financial-planning, personal-finances, Reaganomics, recession, Ronald ReaganShare This
By miranda -- 0 comments
July 1st, 2008
A couple of years ago, when we were worried that gas might (gasp!) reach more than $2.50 a gallon, there was talk about prepaying for gas through a card, or for buying gas through such organizations as Gas Bank.
Back then, we though it would be the height of ridiculousness if gas prices cracked the $3.00 […]
By miranda -- 15 comments
June 23rd, 2008
Today’s B5 Business Channel Theme Day is “New Beginnings in a Challenging Economy.”
As the economy gets a little more challenging, it is time to rethink the way you do things, and to make a new financial beginning. Consider some of these “new beginnings” for your financial life:
Re-evaluate your wants and your needs and cut back […]
By miranda -- 1 comment
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