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With Fear the economy is cooling the Fed’s are not touching rates. It is thought the next time they do address rates it will be to lower them.
It is looking more and more like it could be 17 and done for theFederal Reserve. There is a growing view that after 17 consecutive rate increases, the longest stretch in Fed history, the central bank will keep rates steady for the rest of this year.
Experts: Fed could be done raising rates – Yahoo! News
technorati tags:Federal Reserve, rates
Dave Ramsey tells us why…
People gripe about 29 percent interest on credit cards, but the rates that these yahoos charge can get up to 650 percent! That ain’t how smart money works, jack. If you need extra cash, get an extra job. But if you use these payday joints, you’ll make your deep money hole even deeper. You’ll be digging your own financial grave, one advance at a time.
Debtective.com: Using Credit? Get A CLUE! – Blog
Up 50%! There should be a law against this!
technorati tags:Dave Ramsey, Payday Loans
I would argue that Millionaires are probably some of the best at budgeting.Golden rule: If you can’t measure it than you can’t manage it.
A personal budget is among the most important concepts of personal finance. In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows. There are a wide variety of personal budgeting methods and tools that can be employed to help individuals and families with the budgeting process.
Personal Finance Blog – » Even Millionaires Need to Budget
technorati tags:Millionaires, budget
Here in L.A. gas was down to $2.66 a gallon which is about 44 cents lower than the summer high.This was a very nice surprise. We filled up both cars…
Gasoline prices have fallen more than 40 cents over the past two months. But that sharp decline hasn’t received nearly as much attention as the big run-up in gas prices earlier in the year. The slide has everyone asking if it’s a long-term trend, or just a brief respite from higher prices.
NPR : Oil and Gasoline Prices Drop Quickly, Quietly
technorati tags:Gasoline prices
I agree 100%! You have to be willing to work and learn to get to the top. The only way you walk right into the corner office straight out of college is if your dad owns the business!
Working your way build character!
Seems like some people nowadays have forgotten what it means to earn your keep, baby. Lots of up-and-comers want to walk out of college and into the corner office and a big-time position in the Fortune 500 company. It doesn’t work that way.
Debtective.com: Using Credit? Get A CLUE! – Blog
technorati tags:build character
A very good friend of mine owes some back taxes… With the announcement that the IRS will now use private debt collection agencies, gives my friend a real incentive to start to pay it off.
If anyone else is in the same boat and feel it’s time to get rid of the IRS, then check out this blog post on about.com regarding how spot fraud and see IRS’s tips on protecting consumers…
Don’t Get Scammed By Debt Collectors Claiming to Be Collecting for the IRSToday is the day the IRS’ program to refer collection of back taxes to private 3rd party debt collectors will kick off, and with that kick off will come an increase in scams and phishing attacks from people pretending to be collecting on behalf of the IRS.To combat this possibility of fraud, the IRS has published some simple tips to help protect consumers from these types of scams.
Credit/Debt Management – Tools and Advice for Managing Credit and Debt
technorati tags:Debt Collectors, IRS
We have had a rough month as a family… so when I read Dave Ramsey’s blog today and he was talking about falling down and then getting back up again, it hit me that a persons character is defined when he decides no matter how many times he hits the floor he will get up and try to succeed, again and again…
If you keep trying eventually you will rise to the top.
He closes his blog with “suck it up and rise above it, baby.” For some reason I found those to be very comforting words in these very hard financial times.
John Elway lost three Super Bowls before winning back-to-back. Milton Hershey went bankrupt six times before he hit it big with chocolate. Diana Ross was turned down for a roll in her high school musical. But people are too busy talking about Super Bowl wins, world-famous candy and records that went gold and platinum. The way to get remembered is to get back up.
Debtective.com: Using Credit? Get A CLUE! – Blog
technorati tags:Dave Ramsey, credit, debt
Like my boss says, if you can’t measure it you can’t manage it.
This very nice lady, and her family have taken debt serious! They measure their debt therefore they are successful at reducing their debt. She is an inspiration to many of us.
I find my self identifying with her in many ways. She wants to reduce her family debt, so do we. She is a quicken fanatic and I choose Microsoft money. She will succeed in becoming debt free, so will we. Hope to celebrate with you at the finish line!
In order to meet my goal date of May 2009, we need to pay $1050/month towards credit cards a month.Here’s how August panned out:Credit Card #1: $225Credit Card #4: $300, $450, $350 = $1100Credit Card #7: $147Prosper Loan: $113Total paid: $1585Target amount: $1050Difference from Target Amount: +$535.00I know it would be hard to keep up paying $1,500+ a month, but I wonder how long it would take to pay off our debt if we could. I’ll have to run some numbers now that I have all of the minimum payments. I’m excited to see if we can be debt-free before 2009 (which would be awesome!).
Blogging Away Debt » Blog Archive » Am I Still on Track to Meet My Goal Date?
technorati tags:debt reduction
I often check out the questions being asked on Yahoo answer, mainly about credit and debt. I do it not to feel better or worse about my self but rather to learn something.
So after watching the answers for many weeks I have made a few observations.
There are a lot of people in debt.
There are a lot of people deeply in debt.
There are a lot of people who do not know what to do next.
There are a lot of people who are at the end of their rope.
There are a lot people looking for a way out.
There are a lot of people looking for help.
It’s clear there is a huge need for accurate and timely information on debt and credit. There are so many scams out on the Internet its amazing.
Getting out of debt and cleaning up your credit is exactly like going on a diet. However we have learned that diets don’t work, change your life style is the only way to take and keep off the weight.
Getting out of debt is the same. You need to change your life style and the debt will start to go away. You have to want to do it bad enough. the pain off being in debt must be great enough to force the change. Listing to Dave Ramsey is not enough. You have to want to make the change.
but like getting into shape you need a guide, a game plan and motivation. With out these three it will be hard to succeed.
Sign up for our free 8 day course on crushing debt and use it as a base for getting back into financial shape.
have a great weekend!
technorati tags:Yahoo Answers, credit
I just don’t know how the government allows this type of lending! I understand the higher the risk the higher the rate but there should be some control over the top rates banks can issue. Keeping people in debt is a boon for the banks but it’s a bust for our nation.
People in debt save less and are less likely to have money saved to take care of themselves when they retire. Forget about social Security it might not even be around for the coming generations.
I know critics will say that if people are not responsible then they should get higher rates. I agree but at what cost? Because at the end of the day when people are deeply in debt and they declare bankruptcy, or have no money in the bank post retirement, I am sorry to say we all will have to pay for them in forms of higher taxes and bank fees/inters rates.
When it finally does — or when you head out in search of credit — the “deals” can seem like anything but. First of all, high annual percentage rates, to the tune of 18%, 20%, 22% or more, are common on credit cards offered to those with poor credit.
Credit cards for the desperate – MSN Money
technorati tags:High Rate Cards, debt
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