Jonathan over at My Money Blog commented on this Wall Street Journal article about Detroit neighborhoods getting hit with foreclosures. He snickered a little at the article, and after reading it myself I was doing pretty much the same thing. Homeowners are caving in under rising payments on their adjustable, subprime mortgages, and cannot sell … Read more
I know: Dogs and cats living together — mass hysteria! Trent over at The Simple Dollar shelled out $3 for a chocolate bar and he and his family had a blast eating it. Sure, it wasn’t the most prudent use of money in a grand cosmic financial planning sense, but in a grand cosmic have-fun-with-your-family … Read more
Update: Welcome to readers from Consumerist.com! OK, several commenters didn’t buy my plea to shut off your car radio to save gas. (Which is fine. The laws of physics are on my side here.) This new development won’t help you save money on gas, but it can be a big expense for Virginia residents, of … Read more
Simply Us just put up a post on tag team auctions that is money. Great stuff! This is a great strategy for finding items at offline auctions to resell on eBay: One person goes to the auction and remains in phone contact with the other, who is poised and ready to search completed auctions on … Read more
Free Money Finance commented on a Kiplinger’s article which gives guidelines on how much college debt is too much. It boils down to investment and payoff: the higher the expected payoff (increased salary) the higher the investment should be (college expenses and/or college debt). This is reasonable advice, assuming a traditional career path and a … Read more
Clever Dude was rather nonplussed by a commenter’s potty-mouth response to Clever Dudette’s post on frugal lunches. The gist of what the commenter meant to convey was emphasizing higher earning power over increased frugality. Put another way, the suggestion was to earn more rather than spend less. Put yet another way, earning more is a … Read more
There were lots of great comments on my recent post about treating mortgage debt just like any other debt, meaning that it should be paid down faster than what is required by the lender. One of the arguments against throwing more money toward a fixed-rate mortgage is that inflation will make the fixed payment smaller … Read more
Amy of My Debt Free Goal aims to pay off $72,900 in debt by April 2009. By her own admission and hoping to go farther than she would otherwise. Paying off that amount involves throwing over $3,000 per month, every month, at that debt for the next two years — and that’s just principal repayment! … Read more