Sometimes it feels so good to let go for a change
It all started when my wireless system at home stopped working. My desktop computer worked fine but the laptop was dead. I called in my technician and he slaved away for ten minutes and then said, “Everything’s fine, it’s fixed. [...]
Americans are accepting installment loans as a financial option
As the government restructures its spending, so are Americans by using installment loan options. More than ever, the recession of 2009 has brought a financial near-panic to the U.S. People are scrutinizing their monthly income to expense ratios and looking for ways [...]
Could book cause retail revolution?
“Retail Anarchy” has gotten mixed reviews and a lot of attention. This nonfiction novel about consumerism examines marketing, brand name loyalty and spending. Reviewers on Amazon.com said “Retail Anarchy” made them laugh out loud.
Of course, the book has only been out for three days, so you [...]
Governor approves New York budget
Governor David Paterson and top legislative leaders Sunday finished negotiations on the proposed budget for the state of New York. The governor, along with Assembly Speaker Sheldon Silver and Senate Majority Leader Malcom Smith rolled out the $131.8 billion package.
Yes new taxes
Critics, of course, had plenty [...]
My money tree is bare and there are no new buds
I have suffered a dramatic change. All of a sudden I have to think about spending money, or rather, not spending money.
My disappearing shopping support system
I built my personal financial system carefully over years and years of spending money, sometimes [...]
Did you take out a personal loan?
Stress
Life was stressful enough when the situation occurred that turned you to take out a personal loan, but now you need to accumulate the cash to pay it back. Do you worry about how to come up with the money to pay off your [...]
Different borrowing, more saving
While it’s true that more people are relying on cash advances now, there are also a higher number of people stashing money in their savings accounts.
I will be the first to admit that when I read the headline “Why Saving is Killing the Economy,” I rolled my eyes.
Sensational [...]
Recession good for some
Payday loans have helped consumers before and during the current recession, and they will continue to be an emergency cash aid after it ends (Q3 2009?). America’s recession has darkened the doors of many businesses that couldn’t shoulder the burden of so much lost business. Or, if [...]
Payday loans help people from all walks of life to absorb the budget shocks that emergencies can create. Yet even short-term scenarios like these become increasingly difficult to swallow during a deep recession. This raises a question that’s on the minds of many Americans: “When is this going to end?”
To [...]
America’s economic stimulus package in final heat
America’s ailing economy is in need of quick aid, a true payday loan that will help bridge the way. Unfortunately, for as much as President Obama has been encouraging quick action to get a stimulus package passed, we may not see real change for [...]
Payday loans couldn’t survive at 1%
During the economic crisis, payday loans have helped consumers during short-term emergencies. Yet the root causes of the crisis – banks – must be repaired if this kind of consumer credit can continue to exist. The world banking establishment has been reeling for months as [...]
Many Americans are using payday loans nowadays, but responsible citizens only use them for necessities. Consumer spending reports show that people are spending less, they have been for months, and that is not likely to change any time soon.
A different outlook
In “The Big Bing Blog” on Fortune Magazine’s Web site, [...]