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Article Archive for October 2008

Banks seize homes over credit card debt
October 29, 2008 – 9:58 pm | 4 Comments

Imagine losing your home over a $1500 credit card debt. Crazy, right?
After all, credit card debt is typically unsecured debt, meaning that it’s not collateralized by a lien on your assets (or in English: the …

Is Credit Repair for you?
October 28, 2008 – 6:46 am | 4 Comments

My take on credit repair is this: there’s no quick fix solution and those who say differently are selling something. It takes time, a conscious effort, and a serious personal repayment plan to increase your …

It’s Funny Because It’s True…
October 28, 2008 – 12:09 am | 3 Comments

This little gem is from an artist named ‘Bennett’ at the Chattanooga Times Free Press. Careful with this one though -it’s funny at first, but don’t be surprised if it leaves a bitter after-taste in your mouth.

Carnival of Personal Finance – Financial Armageddon Edition!
October 27, 2008 – 8:37 pm | 41 Comments

Pop quiz – You know things are bad when the current financial crisis:
a) Has its own Wikipedia entry
b) Causes the Dow Jones to fall by nearly 50% in a single year
c) Necessitates several ‘bailout’ packages …

Sacrificing Is Hard To Do
October 27, 2008 – 6:28 am | 6 Comments

Unless you can count yourself among the elite, or you’ve been running the wilds of Africa the last six months to a year, you know the economy has been pretty shaky. If you’re like me …

Kristy’s Weekly Roundup
October 25, 2008 – 11:48 pm | One Comment

I have to do a little braggin’ on my boys today…UT won!!!!!!! Wooohooo! It was a great game though, and so close! It will be interesting to see how they do next week against the …

5 Things NOT To Do In a Turbulent Economy
October 24, 2008 – 6:36 am | 3 Comments

We got a mass email from our HR department that listed five things to avoid doing during a turbulent economy. I read through it and the information is solid, but I have no idea where …

Finance Fiesta – Blackjack Edition!
October 23, 2008 – 11:33 pm | 5 Comments

Welcome, folks, to the 21st Finance Fiesta: Blackjack edition. Now normally the Fiesta is meant to go up on Thursdays, but those of you who are familiar with my affliction will understand why this is (another) …

Another Stimulus Package
October 23, 2008 – 7:56 am | One Comment

I don’t know about you guys, but I’m growing weary of the government’s NEW ideas to help stimulate the economy. Everything they’ve done thus far seems to be only mildly responsive, but it sure is …

Why I Rent Instead of Own a Home
October 22, 2008 – 7:02 am | 19 Comments

After I wrote my article, ‘A Little Something Learned About Apartment Living,’ a coworker asked me why I didn’t just buy a house. I got the entire spiel about it being an investment for my …

A Tale of Two Lenders
October 21, 2008 – 7:02 am | 3 Comments

I’ve talked before about the difference between banks and credit unions. One thing that I’ve always said about credit unions is that they are a little more lenient in their lending guidelines, which is ironic …

Is Consumer Debt a Good Thing?
October 20, 2008 – 6:33 am | 2 Comments

I stumbled across an interesting article that you guys should read. The logic for this article is composed within the byline: “For many poor Americans, credit cards can still be a better deal than payday …

Kristy’s Weekly Round-Up
October 18, 2008 – 8:28 pm | No Comment

As always, thanks to everyone who linked to our posts this week. It’s much appreciated.
So this week has been fairly interesting. On a personal note, I was interviewed by Money Magazine about my client who …

Gifts vs. Charity: The Fine Line
October 17, 2008 – 6:47 am | 4 Comments

People are funny about money. Most people, myself included, tend to view an offer of money as charity. Our independent natures rebel at the idea that we need help from anyone, but especially from friends …