Right now, it is of vital importance to prepare your personal finances for this economy. Preparation is key if you want to get through this relatively unscathed. Two of the main points of concern for many people right now are:
Employment
Debt
Is your job safe?
Today’s announcement that Citi is planning to cut more than 50,000 jobs in […]
My husband and I know a guy that does tech support for a company that does payday loans. Recently, when the economy came up, he said something to this effect: “Payday loans are doing just fine. In fact, the company I do work for is seeing an increase.”
This information, though somewhat disheartening, is not all […]
Today, the Federal Reserve is widely expected to cut the Fed Funds rate. Because the economy seems to be heading toward recession, the overriding goal is to stimulate the economy. And this means — as far as the Fed is concerned — making it cheaper for everyone to borrow money.
Because our economy runs on consumption […]
While this video doesn’t fully explain the credit market crisis and the global financial crisis, it does provide a good educational look at finance, and one of the root causes of why we are where we are.
Plus, I like the smiley faces.
Happy Friday!
Tags: Credit, credit market crisis, finance, Friday Fun Video, global financial crisis, happy […]
What would you do if the government handed you a check for hundreds of dollars? We found out a few months ago what would happen — and it wasn’t economic stimulus. I wasn’t happy with the original economic stimulus payment because I didn’t think it actually addressed any of our underlying problems with credit and […]
At first, when I heard that the government is considering to buy so-called “commercial paper,” my reaction was rage. But I’ve calmed down and thought things through a little bit. This might be a needed action on the part of the Fed.
But first, a brief tutorial:
Commercial paper is basically an unsecured loan that businesses make […]
This morning, I was listening to the Diane Ream show on NPR while taking my son to the library. The subject was the forthcoming $700 billion bailout bill in the House, and how it is expected to loosen credit markets. I heard one of the guests say something similar to this: “If people can’t buy […]
While I like the FreeCreditReport.com commercials, I would never sign up for the service. Since you have to get a paid service in order to get the *free* report.
Happy Friday!
Tags: Credit, credit-report, free report, free-credit-report, Friday Fun Video, happy friday, personal-finances
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I love me some questions from readers, and I thought this one, in light of my recent adventures in banking, was a great one:
Is overdraft protection worth it?
One of the things I love about personal finances is that they’re, well, so personal. Really, it depends on your habits. First, though, a little background on overdraft […]
One of the growing trends in personal finances right now is making your credit card payments before making your mortgage payment. This is a worrying trend, since it is important to make sure that your mortgage is paid. And, while credit card companies often loudly demand payment, the bottom line is that there are protections […]
Taking finances personally
Written by Miranda Marquit [email] for b5media.
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