Money Management
It is very common for people to overspend, and before they realize what is happening they end up with a mountain of debt. While there are good and proper uses for loans of all varieties, even short term loans such as payday loans, borrowing to buy consumer items will leave you in financial stress due to the monthly payments gradually exceeding your income. We can help you avoid that debt trap, build savings, and create a bright financial future for yourself by paying yourself first and investing in your retirement.Wouldn’t you like to hang on to a little more of that money? Our money management articles will give you a few pointers on handling your own money better. You do not have to get a raise to get more out of your money. Taking control of your finances is an essential step toward lifetime happiness. We provide important information and advice that will aid you in setting financial goals, budgets, and in maximizing what you can get out of your money.
a man with a pile of student loan statements

Student loan repayment affects your ability to get a mortgage

Will student loan repayment  get in the way if you want to buy a house? Not if you’re on schedule to pay them off on time. Because they don’t yet understand how credit and lending works, a lot of graduates often get themselves into trouble by blowing off student loan payments. What they don’t get
FDIC letter

Troubled asset ratio paints a worrysome picture of bank health

Since its inception, the Federal Deposit Insurance Corporation has asked that member banks provide information on their assets and liabilities. These financial reports are used to judge bank health. The most recent reports show that bank profits are skyrocketing – but troubled assets are also increasing. This report, once again, calls into question the “recovery”

Eurobonds to secure high rating for Eurozone emergency loans

A company set up specifically to guarantee Eurozone emergency loans will ensure that creditors are paid. This “special purpose vehicle” – SPV – will guarantee up to 120 percent of the amount of loans or bonds that will be issued by Eurozone countries. This is an effort to secure an AAA rating for Eurozone debt,
a photo illustration with bernake, bush and greenspan

Arthur Laffer predicts collapse when Bush tax cuts expire in 2010

Arthur Laffer is making news by predicting that the U.S. economy will collapse next year when George W. Bush tax cuts expire in 2010. His theory on the Obama tax plan is based on how the super-rich can choose when and how they collect their income to evade taxes. Laffer believes the economy is doing
a blue sign advertising refinancing at low rates

Mortgage rates near record lows; housing market not responding

Mortgage rates hit the lowest levels of the year this week — almost to record lows. Very low mortgage rates should be good news for U.S. housing market predictions 2010, shouldn’t they? Existing home prices and existing home sales were up in April — another bit of good news, right? But despite the attractive mortgage
A portrait of Illinois Senator Dick Durbin. His amendment to the financial reform law involving debit cards and interchange rates will make banking and shopping more expensive for consumers, claims Fox News commentator Dana Perino.

Debit card amendment hits consumers in the wallet

Former White House Press Secretary and current Fox News commentator Dana Perino warns consumers that there’s trouble brewing in Congress. This trouble could make debit card purchases significantly more expensive. To be more accurate, it will actually affect nearly all consumer purchases and debit card interchange fees will be the cause, claims Perino. Debit card
a white shopping bag

Consumer confidence index climbing while stock market plummets

Consumer confidence and the stock market took markedly different paths Tuesday. The Consumer Confidence Index, fueled by a brightening employment outlook, rose to a level that exceeded expectations. The stock market, on the other hand, dived below 10,000 Thursday afternoon as investors cowered in fear of the European debt crisis and escalating hostilities between North
US Senator Harry Reid

Senate stalls in financial reform bill debates

In order to head off any attempts at a filibuster, the U.S. Senate has tried to invoke cloture to wrap up debate.  The attempt was unsuccessful, and intense debate is expected to continue unabated for some time. It may take longer than previously thought to get the financial reform bill passed and onto the desk
a mortgage foreclosure sign posted in front of a suburban home

Mortgage foreclosures hit record as prevention program falters

Mortgage foreclosure statistics reached an all-time high in the first quarter of 2010. Meanwhile, the federal foreclosure prevention program appears to be losing momentum. The inventory of homes in foreclosure rose to 4.63 percent from 4.58 percent in the fourth quarter, the Mortgage Bankers Association said Wednesday. The combined share of foreclosures and mortgage delinquencies
an electrical service panel with circuit breakers

Will stock market circuit breakers stop another Flash Crash?

New circuit breakers for the stock market to avoid another Flash Crash were proposed by the Securities and Exchange Commission Tuesday. The new trading curbs would be applied on a trial basis to all stocks on the Standard & Poor’s Index. The SEC said the new stock market circuit breakers will pause trading in specific
a before and after comparison of credit reports, highlighting credit scores

Free credit scores to be required on free credit reports

The financial reform bill will soon add meaning to government-mandated free credit reports by making free credit scores part of the reports. An amendment to the financial reform bill requiring that credit reports include the numerical score was approved in the Senate on Monday. Americans have been entitled by law to receive a free credit
a picture of traders on the stock exchange circa 1936

Tradeworx hedge fund makes millions with high speed trading

Companies like the Tradeworx hedge fund are where the action is on Wall Street these days, although Tradeworx isn’t on Wall Street. It’s not even in New York. Tradeworx is in New Jersey.  High-frequency trading companies like Tradeworx are little more than rooms full of computers in obscure locations across the country. High frequency trading
arnold schwartzenegger gestering during a speech

Will California budget crisis 2010 spread to other states?

The California budget was released by Gov. Arnold Schwarzenegger Friday. It outlines bleak fiscal realities for the government of a state that is out in front with most national trends. Decades of tax revolts and governing at the ballot box have converged with the Great Recession to create the California budget crisis of 2010. The
stock trader signaling thumbs down

Wall Street panics as high speed trading tanks stock market

Wall Street breathed a little easier and the end of trading Thursday. The Dow Jones Industrial Average finished the day down only 348 points. Earlier in the day the stock market dropped like a rock — 1,000 points and nearly 700 points during one panic-stricken stretch. On Friday Nasdaq canceled the trades of 296 stocks
Dow Jones Industrial Average

Trading error to blame for DJIA nosedive?

Any trader watching the stock market today just about needed a shock to the heart as the DJIA – Dow Jones Industrial Average – plummeted almost 1,000 points because of a trading error. The DJIA nosedive, set off by a Proctor and Gamble sell-off, reverberated through the New York Stock Exchange as well. Talk about
Microsoft sign

Microsoft Courier | Another tablet computer bites the dust

The Microsoft Courier, a dual-screen tablet computer, has officially been canceled by Microsoft. The Courier, first rumored last September, was in development to be a slate or tablet computer with a set of hinged seven-inch screens. While Microsoft doesn’t yet need fast cash loans, one has to wonder if the company is refocusing on its
Palm PDA

Palm HP partnership | Taking aim at slate computing

Despite grandfathering the concept of smartphones with personal digital assistants, Palm hasn’t been doing so well lately – so the Palm HP buyout that has been announced this week couldn’t come at a better time. This $1.2 billion pay day purchase of Palm, HP is acquiring the Palm operating system, intellectual property, and phone handset