Last week we talked about being too frugal. Yes, it can happen. Most people, however, have the opposite problem: overspending. There's only two things you can do with your money after you pay your taxes: you either spend it or save it. In 2005 our savings rate was actually negative, which means we spent more than we took home after taxes. That means we went into debt.

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AuthorMax
CategoriesSaving Money
I know it's tempting. You get that check in the mail from your credit card company. They tell you to use it to pay your bills or use it to go and splurge. Don't do it! If you read the fine print, you'll find these checks are just like a cash advance on your credit card. A cash advance can have a sobering affect on your credit card balance.
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AuthorMax
CategoriesCredit & Debt

While The Fed is concerned about rising prices, especially crude oil, one of the members of The Fed, William Dudley, drew sharp criticism when he spoke in Queens, New York last Friday when he excalimed that he thought underlying inflation was low despite rising food an energy prices.

Posted
AuthorMax
CategoriesSaving Money
The best approach is the SMART approach. Whether your goal is saving for your emergency fund, spending less money, or spending less money at the grocery st
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AuthorMax
All this talk about the possible lockout on Friday had me thinking: man, if I made the kind of money that NFL players make, I wouldn't have any problems at all. That is, I wouldn't have any money problems at all for the rest of my life!
Posted
AuthorMax