16 August 2008 | No Comments
Categories: Credit and Debt Management, Macroeconomics
U.S. Consumer Debt Spikes In June
Forbes.Com
Summary
Consumer Credit rose at an annual rate of 6.8% in June compared to 3.4% in may. United States retailers reported not so great July sales.
Favorite Quote
“Americans are filling their pockets… ---> Continue Reading

10 June 2008 | No Comments
Categories: Credit and Debt Management
In our earlier articles we had explained the evils effects of debts in destroying the fruits of frugal living by those who have fallen into the the ‘Debt Slavery’ voluntarily. We emphasize the word… ---> Continue Reading

10 June 2008 | 1 Comment
Categories: Credit and Debt Management
This article is written with specific reference to American Economy and people to demonstrate the fact that the major ailment of Americans is their ‘debt culture’ as a result of which they are trapped into… ---> Continue Reading

08 June 2008 | No Comments
Categories: Credit and Debt Management
We had earlier written how involuntary psychological factor, viz., Compulsive spending impacts one’s efforts to lead a frugal living.
The next important factor that has a negative effect on frugal living is one’s debt. Although, psychology… ---> Continue Reading

28 May 2008 | 1 Comment
Categories: Financial Planning
Food, housing and utilities are the three most important sectors where it is necessary to settle debts if at all possible. Some people like Lana and Jon Courtright of Bangor Maine chose to buy food… ---> Continue Reading

27 May 2008 | No Comments
Categories: Credit Cards, Credit and Debt Management
“The ultimate ignorance is the rejection of something you know nothing about and refuse to investigate.”
Dr. Wayne Dyer
There are 641 million credit cards in circulation in the United States, That works out at over two… ---> Continue Reading

27 May 2008 | No Comments
Categories: Credit and Debt Management
After a house the next largest purchase that we make is a car. Cars come in all shapes and sizes, but an average new car will cost out between 20 and 25,000 dollars. Few of… ---> Continue Reading

27 May 2008 | No Comments
Categories: Credit and Debt Management, Mortgage
Credit was introduced a long time ago to facilitate trade. However, along the way Banks rapidly realized that personal credit would help business and of course make them a nice profit. When you borrow money… ---> Continue Reading

26 May 2008 | No Comments
Categories: Credit and Debt Management
Did you know there was a difference between good debt and bad debt? There is such a difference, despite the fact that creditors will try to tell you that all debt is bad debt. I… ---> Continue Reading

19 May 2008 | No Comments
Categories: Credit and Debt Management, Economics
In order to make the transition from poverty consciousness to wealth awareness you need to educate yourself. You will find the one thing that puts the average person in a financial cage that forces him/her… ---> Continue Reading

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