Money Basics

18 Year Olds Now Require Co-Signer To Obtain Credit Cards. Still Maintain Right To Catch Bullets With Their Face!

[share_sc] Yesterday, the Senate passed the new credit card legislation with the intent to increase consumer rights and protection.  It’s no big secret that I’m not a fan of credit cards.  In fact, not using them makes me immune to a large part of this crap.  Most of the changes seem to be well-intentioned, but …

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Debt Tsunami: The Ultimate Method To Pay Off Debt

[share_sc] There is a roaring debate within the personal finance community about which method should be used to pay off debt.  Most likely you’ve heard of the “Debt Snowball” and the “Highest Interest First” approaches.  However, I wanted to review a method, which is certainly not new, but that you might be far less familiar …

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Sleeve Your Credit/Debit Cards To Fight Impulse Spending

[share_sc] Sleeving your credit/debit cards is a quick, easy-to-implement strategy to help curb the occasional impulse purchase. I first heard of this concept in a Real Estate Investing book I read several years ago.  Although I forget the specific book, I do remember the author’s suggestion of creating a sleeve for all of your credit …

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What’s The Actual Point Of Budgeting?

httpv://www.youtube.com/watch?v=07I54XED2VU [share_sc] My reflections on our struggles with the ‘Grocery’ category of our budget.  I contemplate the possibility that we are squeezing some of our budget categories too hard and actually receiving a negative result.  I also am well aware that we might just be making excuses in order to avoid adapting new habits into …

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Yet Another 4 Reasons To Hate Credit Card Companies

[share_sc] I’ve been seeing a lot around the personal finance blogosphere about the impending credit card reform.  Apparently this Thursday, Obama has summoned the CEOs of the major credit card companies to the White House to discuss unfair credit card practices. Over the last few months, we’ve all heard about credit card companies lowering limits, …

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