Archive for the ‘Debt Reduction’ Category

Here’s your ace in the hole for weathering this long recession

Friday, September 4th, 2009

Five Cent Nickel published a post that discussed what things to consider when you have both debt to pay and money in the bank.  The main problem is that the difference in what the bank pays in interest is far below what one would pay on a typical credit card ...

Credit card debt going DOWN?! Mass hysteria!

Sunday, August 23rd, 2009

DINKs Finance jogged my memory of this U.S. National Debt Clock in a recent post, so I popped over to check it out. Of course, it's mostly really bad news:  $11.7 trillion on the national debt; another person gets unemployed every 20 seconds; the unfunded liabilities like Social Security, Medicare, and ...

An important Carnival of Debt Reduction announcement

Wednesday, August 19th, 2009

(This post is a bit off-topic but I want to get the word out quickly on this.) I'll take time now to thank Debt Sucks for hosting this week's Carnival of Debt Reduction and also for his next post on why he's never, ever hosting a blog carnival again. I've been watching ...

Don’t fear hyperopia and go into debt

Wednesday, July 22nd, 2009

This month's Wired magazine (subscribe) had a review of a couple dozen rules for tech-savvy folks, and one of them dealt with the subject of hyperopia.  Hyperopia means "excessive farsightedness" and describes people who sacrifice today for gain tomorrow more than most people do.  The negative consequences of hyperopia are ...