An interesting article on NPR recently discussed why there is a growing number of Americans not using traditional FDIC banks.  Why they are instead turning to cash advance services, such as ACE Cash Express, or other financial entities like Payday Loans.  How many people?  Right now 60 million and growing.
But why?
According to the article, the [...]

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An interesting question was posted on the message board, would you ask your fiancee before the engagement party for full disclosure and a credit check and background check?  Yes or No?  Of course both parties would disclose this information.  Would this hurt or help your relationship?
Me personally?  NO!  Why?  It’s TOO DAMN LATE!  I honestly [...]

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I’ve made tons of financial mistakes, but this one is a real doozy.  Gosh, looking back, I can’t believe I was so STUPID.  Please shoot me and put me out of my misery.  I learned about stupidity, delayed gratification, and high pressure sales.  My DH still TEASES me about it, and says it was the [...]

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A new academic paper by Arizona Law Professor Brent T White has people talking, called “Underwater and Not walking away: Shame, Fear, and Social Management of the Housing Crisis.”  He suggests that people walk away from their mortgages because it will take years to recoup their losses.
More interestingly, he suggests that if the 15 milllion [...]

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A new study published finds that homeowners with good credit, no late payments are choosing to walk away from their homes and trash their credit, lose their homes. Why?  Why would responsible people make such a decision?
It’s a calculated gamble.
A gamble that it makes more financial sense to leave behind a financial mess and start [...]

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The always hotly debated topic is how to determine whether you are being Cheap or Frugal?  Well FabulouslyBroke talks about a new subsection of this debate “The Cheap Opportunist.”  She talks about her brother changing his spending habits based on whether he pays for the meal out versus being treated by someone else.  She calls [...]

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A few weeks ago I talked about Getting Advice. How sometimes you look towards friends and family for advice on investments, but you really need to do your own research. It’s how a lot of people got caught up in a Ponzi Scheme by Bernie Madoff.  They listened to investment advice without researching.
Another easy financial [...]

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What the fuck is wrong with AIG?  Seriously.  They want use $165 million dollars to pay out bonuses for 2008.  AIG is currently owned by the Federal Government (us taxpayers) at 80% stake.  This occurred under President Bush so all you conservatives, don’t bitch about it being Obama’s fault.  Obama says he will fight this [...]

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Yesterday I wrote about my first financial mistake, not contributing to retirement.  Today I’m going to talk about probably my second financial mistake.  Having an expensive wedding.  We  spent around $17k on a wedding/honeymoon.  I don’t know if I’ve ever done a breakdown for readers, but here it is finally.

Reception $5335 – included food, minister, [...]

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My first financial mistake happened in my early 20s.  Although last week I admitted that buying my house was a financial mistake, but not a personal mistake. So what did I really make a mistake on?
I was young, dumb, and just starting out.  Truth is, my mom didn’t give me much financial guidance except “spend [...]

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