You won't believe this story released by the A.P.!
New Air Jordans Cause Shopping Frenzy Across U.S.
And, here is another:
Air Jordan Fans destroy property, trample shoppers in search of new shoes
It has all the drama of a cattle stampede: Doors being ripped off, people being trampled, and shots fired!
This is American consumerism at it's finest. The scene is played out in Seattle, WA (my home state) which is known as one of the friendliest, most livable cities in the country. Watch how that all changes over a pair of new Air Jordans.
Don't miss the video shown by Fox News. Maybe your state has caught the fever.
This is what In The Trenches is NOT about though if brawling is your idea of a good time then it might be fun. Instead of going to the mall we could say we are going to the maul. Could be a new sport - physical contact shopping, it would be a cross between shopping and football. Wonder what we could call it?
Merry Christmas Everyone!!!
Showing posts with label Yahoo. Show all posts
Showing posts with label Yahoo. Show all posts
Friday, December 23, 2011
Monday, November 8, 2010
the-financial-toll-of-alzheimers-disease:
the-financial-toll-of-alzheimers-disease: Personal Finance News from Yahoo! Finance
I have had a few friends who have cared for parents with Alzheimers and it is indeed brutal for all involved. My heart goes out to those who are faced with this challenge with their loved ones.
Alzheimers is another reason why I am a strong advocate for living trusts. It is one of those things that can happen to any of us. Having precautions in place can help provide help when we need it the most. Please see my book review on Living Trusts for Everyone by Ronald Sharp. Waiting until later can be too late for many.
I have had a few friends who have cared for parents with Alzheimers and it is indeed brutal for all involved. My heart goes out to those who are faced with this challenge with their loved ones.
Alzheimers is another reason why I am a strong advocate for living trusts. It is one of those things that can happen to any of us. Having precautions in place can help provide help when we need it the most. Please see my book review on Living Trusts for Everyone by Ronald Sharp. Waiting until later can be too late for many.
Saturday, November 6, 2010
19 iconic products that america doesn't make anymore
19 iconic products that america doesn't make anymore: Tech Ticker, Yahoo! Finance
This is a truly interesting article and video about products that were originally made in America that the manufacturing has moved overseas.
The American Economy is being eroded on every side and most of it has been happening in ways that we would not be aware of and with the support of laws that provide tax breaks to those who no longer support American manufacturing.
It is like an octopus with many tentacles: the banking industry, manufacturing, tax policies, food regulations, and other major factors. Many Americans have been looking for a quick fix but only a major overhaul will turn us from the course we are heading.
This is a truly interesting article and video about products that were originally made in America that the manufacturing has moved overseas.
The American Economy is being eroded on every side and most of it has been happening in ways that we would not be aware of and with the support of laws that provide tax breaks to those who no longer support American manufacturing.
It is like an octopus with many tentacles: the banking industry, manufacturing, tax policies, food regulations, and other major factors. Many Americans have been looking for a quick fix but only a major overhaul will turn us from the course we are heading.
Monday, November 1, 2010
Yahoo! Finance - Financially Fit
This article, How They Paid Off Big Debt in a Few Short Years from Yahoo has lots of good money savings and debt reduction strategies. One couple was able to pay off almost $70,000 in two years.
The comment about cloth diapers you know I would disagree with but that is what makes things so good as it shows that each person can customize their own plan to meet their families needs, objectives, and priorities.
All the couples mentioned came up with a different strategy but all were able to meet their goals. There is hope for us all!
The comment about cloth diapers you know I would disagree with but that is what makes things so good as it shows that each person can customize their own plan to meet their families needs, objectives, and priorities.
All the couples mentioned came up with a different strategy but all were able to meet their goals. There is hope for us all!
Thursday, October 21, 2010
Cut your grocery bill with these 8 healthy ingredients for $1 on Shine
Cut your grocery bill with these 8 healthy ingredients for $1 on Shine
The thing I like best about this article is the reminder that we can save money on our food bill and it can taste delicious. With the cooler weather and shorter days coming on it's a good time to think about comfort foods - soups, stews, and chili. All these can be made very affordable and bring the family together for a hot meal. Combine it with a salad and french or corn bread for a evening to relax and enjoy being at home. Another benefit of these meals is for the family on the go. They simmer well on the stove so people can grab a bowl as they are coming in. Don't be afraid to experiment. Some of my best soups have been made by rummaging around the frig and throwing in something extra. Did you know that radishes taste good in almost every soup?
The thing I like best about this article is the reminder that we can save money on our food bill and it can taste delicious. With the cooler weather and shorter days coming on it's a good time to think about comfort foods - soups, stews, and chili. All these can be made very affordable and bring the family together for a hot meal. Combine it with a salad and french or corn bread for a evening to relax and enjoy being at home. Another benefit of these meals is for the family on the go. They simmer well on the stove so people can grab a bowl as they are coming in. Don't be afraid to experiment. Some of my best soups have been made by rummaging around the frig and throwing in something extra. Did you know that radishes taste good in almost every soup?
Monday, September 13, 2010
US poverty on track to post record gain in 2009 - Yahoo! News
I'm finding this a difficult post to write. The words don't come easy and are not flowing in a well ordered pattern so I hope I will be able to make the point I am aiming for.
I am an American. My grandfather served in WWI, my uncle in Vietnam, my son in Iraq. I read lots of history and am astounded by the courage and determination that Americans have faced in all challenges. Grit and determination are within the fiber of our beings. When I go to a small town parade and the flag goes by tears fill my eyes. I have been through the 60's and the Beatles and did the twist at age 5, the 70's and Motown, the 80's and disco, the 90's, and now check out Lady Gaga's newest outfits. I have been rich and poor and lived in the city and a rural community of 500. I am an American.
Currently America is facing the worst economic crisis since the Great Depression. My experience with the first depression has been through the eyes of my grandmother, my mother, wonderful friends, and photos and books. During the first depression my mother really did walk 5 miles in two feet of snow to get to school. I know because I have driven the road she walked. As a child she had scarlet fever, rheumatic fever, and almost died multiple times. She once was playing in the barn and jumped from the top level into the hay and ran a pitch fork completely through her leg. There was no money for the doctor so the family treated it at home the best they could. She always had the scar. I was told that on one of her near death times my grandfather begged the medical people for care and since they did not have the money my grandfather became an indentured servant for a a time until the debt could be paid off. As an adult, mom became a nurse and served the sick and diseased for the rest of her life. It is was from her adversity that she gained the position of strength and caring that so many people remember.
Recent headlines show that things may be worse before they get better. As disappointing as this may be to some it should not come as a surprise. A financial downturn of this magnitude cannot be resolved overnight. In the first couple years it was all we could do to figure out what happened and how it happened let alone know where to go from there. And people are still arguing about that. The numbers are up. Unemployment is at 15 million, 40 million are receiving food stamps, and US poverty on track to post record gain in 2009 - Yahoo! News
Politicians continue to point fingers rather than find good workable solutions. Every idea and plan on the table gets watered down, opposed, and beat up. This will even be more evident as mid term elections are coming up so expect a lot more propaganda while politicians tailor the presentation of facts to fit their agenda. As my old mentor used to say "Figures don't lie, but liars can figure."
Myths about the Economy:
I am an American. My grandfather served in WWI, my uncle in Vietnam, my son in Iraq. I read lots of history and am astounded by the courage and determination that Americans have faced in all challenges. Grit and determination are within the fiber of our beings. When I go to a small town parade and the flag goes by tears fill my eyes. I have been through the 60's and the Beatles and did the twist at age 5, the 70's and Motown, the 80's and disco, the 90's, and now check out Lady Gaga's newest outfits. I have been rich and poor and lived in the city and a rural community of 500. I am an American.
Currently America is facing the worst economic crisis since the Great Depression. My experience with the first depression has been through the eyes of my grandmother, my mother, wonderful friends, and photos and books. During the first depression my mother really did walk 5 miles in two feet of snow to get to school. I know because I have driven the road she walked. As a child she had scarlet fever, rheumatic fever, and almost died multiple times. She once was playing in the barn and jumped from the top level into the hay and ran a pitch fork completely through her leg. There was no money for the doctor so the family treated it at home the best they could. She always had the scar. I was told that on one of her near death times my grandfather begged the medical people for care and since they did not have the money my grandfather became an indentured servant for a a time until the debt could be paid off. As an adult, mom became a nurse and served the sick and diseased for the rest of her life. It is was from her adversity that she gained the position of strength and caring that so many people remember.
Recent headlines show that things may be worse before they get better. As disappointing as this may be to some it should not come as a surprise. A financial downturn of this magnitude cannot be resolved overnight. In the first couple years it was all we could do to figure out what happened and how it happened let alone know where to go from there. And people are still arguing about that. The numbers are up. Unemployment is at 15 million, 40 million are receiving food stamps, and US poverty on track to post record gain in 2009 - Yahoo! News
Politicians continue to point fingers rather than find good workable solutions. Every idea and plan on the table gets watered down, opposed, and beat up. This will even be more evident as mid term elections are coming up so expect a lot more propaganda while politicians tailor the presentation of facts to fit their agenda. As my old mentor used to say "Figures don't lie, but liars can figure."
Myths about the Economy:
Tuesday, August 24, 2010
Nearly 50 percent leave Obama mortgage-aid program - Yahoo! Finance
Nearly 50 percent leave Obama mortgage-aid program - Yahoo! Finance
The biggest question that comes to mind when reading an article like this is, "why"? The loan modification program was to be one of the corner stones of the recovery package and benefit millions of Americans. After the inflated prices of homes and the predatory loans offered to customers the loan modification plan was supposed to bring things back into balance and allow the foreclosures to stop. Citizens were to have the value of their homes reviewed and payment plans adjusted accordingly with fixed rates. What happened? The news story would lead one to believe that it was the plan itself or the government bureaucracy. The article even suggests that it was the homeowners themselves who failed to follow through with the proper paperwork.
I don't buy it. Not for a minute. And, here's why:
At the end of 2009 there were 3,356,844 estimated eligible 60+ day delinquency. As of the end of the year only a measly 66,465 loan modifications had been approved by the major banks.
The biggest question that comes to mind when reading an article like this is, "why"? The loan modification program was to be one of the corner stones of the recovery package and benefit millions of Americans. After the inflated prices of homes and the predatory loans offered to customers the loan modification plan was supposed to bring things back into balance and allow the foreclosures to stop. Citizens were to have the value of their homes reviewed and payment plans adjusted accordingly with fixed rates. What happened? The news story would lead one to believe that it was the plan itself or the government bureaucracy. The article even suggests that it was the homeowners themselves who failed to follow through with the proper paperwork.
I don't buy it. Not for a minute. And, here's why:
At the end of 2009 there were 3,356,844 estimated eligible 60+ day delinquency. As of the end of the year only a measly 66,465 loan modifications had been approved by the major banks.
Wednesday, August 18, 2010
Turn ugly dresses into nice ones for $1 | Yahoo! Green
Turn ugly dresses into nice ones for $1 Yahoo! Green
Imagination, not money is the key to living happily while In The Trenches. In this article Marisa Lynch set herself a goal of recreating one dress a day for 365 days for $1 a day. She called her project New Dress A Day. Click the link to read her story and see the photos.
Impressive!
Imagination, not money is the key to living happily while In The Trenches. In this article Marisa Lynch set herself a goal of recreating one dress a day for 365 days for $1 a day. She called her project New Dress A Day. Click the link to read her story and see the photos.
Impressive!
Wednesday, August 4, 2010
The New Credit Card Tricks
the-new-credit-card-tricks: Personal Finance News from Yahoo! Finance
Let me put it another way...what if you went into McDonalds and ordered a burger. While you were getting your money the cashier reached over the counter and grabbed an extra $5 from your wallet. What would your reaction be? I would hate to think of it. Then when you demanded to know why they took the $5 the cashier told you it was because you were too slow at taking the money out of your wallet. Then the cashier turns around and gives your $5 to his manager who slips it into his pocket.
Let me put it another way...what if you went into McDonalds and ordered a burger. While you were getting your money the cashier reached over the counter and grabbed an extra $5 from your wallet. What would your reaction be? I would hate to think of it. Then when you demanded to know why they took the $5 the cashier told you it was because you were too slow at taking the money out of your wallet. Then the cashier turns around and gives your $5 to his manager who slips it into his pocket.
Wednesday, July 21, 2010
Secrets of Extreme Savers
Link to story: Yahoo! Finance - Financially Fit
Sometimes looking at how others live can be quite surprising. We hear so much about unemployment, debt, and difficulty that we begin to think that is all there is.
Sometimes the sunshine comes through the clouds and we become aware that there are different choices that can be made.
For millions of people the financial crisis has been a time where they need to start over. Though it can be difficult it can be the cloud with the silver lining!
In this article the featured families have been able to save between 20% to 60% of their income. The story tells how they were able to do it and how it affected their lives.
Exciting!
Sometimes looking at how others live can be quite surprising. We hear so much about unemployment, debt, and difficulty that we begin to think that is all there is.
Sometimes the sunshine comes through the clouds and we become aware that there are different choices that can be made.
For millions of people the financial crisis has been a time where they need to start over. Though it can be difficult it can be the cloud with the silver lining!
In this article the featured families have been able to save between 20% to 60% of their income. The story tells how they were able to do it and how it affected their lives.
Exciting!
Thursday, July 15, 2010
Are you ready? A call to action.
I've done a few serious posts lately. This is in response to the current changes in the economy and the impact of benefits running out for many unemployed Americans. After this post I'll try to keep it light for a while.
You would almost have to have the TV off and ignore the newspaper to miss headlines like these:
All Bets Are Off If 'Jobless Recovery' Becomes True 'Double Dip', Catalano Says
Posted Jul 13, 2010 07:45am EDT by Keegan Bales in Recession
http://finance.yahoo.com/tech-ticker/%22very-toxic%22-all-bets-are-off-if-%27jobless-recovery%27-becomes-true-%27double-dip%27-catalano-says-519277.html?tickers=^GPSC,EEM,^DJI,TBT,TLT,GLD,FXE
Though apparently the experts couldn’t see this second dip coming they are now pummeling us with the news. I have mentioned this before and would like to add some additional thoughts:
Are you ready? What can be done to prepare to the best of our ability? Here’s my opinion of a bare bones checklist. I have listed them in the order that I think is most important but a review of your own situation is needed to decide how you would establish the priorities or if you even need to make any adjustments at all.
1. Minimum Basic Budget. Have you completed one yet? Have you found the lowest amount you could live on if needed? Have you identified what your change strategy would be if your income were further reduced? If you are not sure of the answers you might want to pick up a copy of In The Trenches and review the purpose and the process. If money is tight right now you can print the worksheets by clicking the coins on the right sidebar. Later in the month I will be giving away a couple copies of the book to those who need but cannot afford them. Watch for the information in an upcoming post.
You would almost have to have the TV off and ignore the newspaper to miss headlines like these:
All Bets Are Off If 'Jobless Recovery' Becomes True 'Double Dip', Catalano Says
Posted Jul 13, 2010 07:45am EDT by Keegan Bales in Recession
http://finance.yahoo.com/tech-ticker/%22very-toxic%22-all-bets-are-off-if-%27jobless-recovery%27-becomes-true-%27double-dip%27-catalano-says-519277.html?tickers=^GPSC,EEM,^DJI,TBT,TLT,GLD,FXE
Though apparently the experts couldn’t see this second dip coming they are now pummeling us with the news. I have mentioned this before and would like to add some additional thoughts:
Are you ready? What can be done to prepare to the best of our ability? Here’s my opinion of a bare bones checklist. I have listed them in the order that I think is most important but a review of your own situation is needed to decide how you would establish the priorities or if you even need to make any adjustments at all.
1. Minimum Basic Budget. Have you completed one yet? Have you found the lowest amount you could live on if needed? Have you identified what your change strategy would be if your income were further reduced? If you are not sure of the answers you might want to pick up a copy of In The Trenches and review the purpose and the process. If money is tight right now you can print the worksheets by clicking the coins on the right sidebar. Later in the month I will be giving away a couple copies of the book to those who need but cannot afford them. Watch for the information in an upcoming post.
Sunday, July 4, 2010
The Chicken Little Syndrome
Let me be blunt here. I hate articles like this one: 7.9 million jobs lost, maybe forever. http://finance.yahoo.com/news/79-million-jobs-lost-many-cnnm-1248019835.html?x=0
Please allow me tell you why.
Yes, we are in an Economic Crisis, yes, the unemployment rate is astronomical, and yes, I believe and have written that it will probably get worse before it gets better. That being said there are a number of important factors that the author of the article has not put into context.
Please allow me tell you why.
Yes, we are in an Economic Crisis, yes, the unemployment rate is astronomical, and yes, I believe and have written that it will probably get worse before it gets better. That being said there are a number of important factors that the author of the article has not put into context.
Tuesday, June 29, 2010
21 Things You Should Never Buy New - Yahoo! Finance
21 Things You Should Never Buy New - Yahoo! Finance
If you are looking for ways to cut expenses here are some items that I wouldn't have thought of. The article was written by Wise Bread, a well known personal finance blog. The bottom of the article recommends a book called 10,001 WAYS TO LIVE LARGE ON A SMALL BUDGET. Have any of you read it? What do you think?
If you are looking for ways to cut expenses here are some items that I wouldn't have thought of. The article was written by Wise Bread, a well known personal finance blog. The bottom of the article recommends a book called 10,001 WAYS TO LIVE LARGE ON A SMALL BUDGET. Have any of you read it? What do you think?
Sunday, June 27, 2010
Michael Orbino makes the Wall Street Journal
good-schools-bad-real-estate: Personal Finance News from Yahoo! Finance
Well you know that I try to share some housing articles and this one is especially fun as it is posted in the Wall Street Journal and Yahoo news.
And, it's my son who was interviewed for the article! Toward the middle of the page. Michael Orbino.
Am I happy for him? Yessiree.
Well you know that I try to share some housing articles and this one is especially fun as it is posted in the Wall Street Journal and Yahoo news.
And, it's my son who was interviewed for the article! Toward the middle of the page. Michael Orbino.
Am I happy for him? Yessiree.
Wednesday, June 9, 2010
the-housing-market-recession-is-not-over: Personal Finance News from Yahoo! Finance
the-housing-market-recession-is-not-over: Personal Finance News from Yahoo! Finance
Time will tell the facts of these assertions but I for one strongly agree. Important information for those making critical housing decisions at this time. Whether you want to buy, sell, invest, or just hang on the housing market is still in flux. When neighborhoods have almost half of the houses empty it's hard not to ask the questions.
See my June 1, May 10, and June 3, 2009 postings for more information on this subject.
Note added June 15, 2010: Here's another very good article that speaks about what economists are projecting for the near future. http://finance.yahoo.com/news/How-to-Plan-For-a-DoubleDip-usnews-2055778412.html?x=0
Time will tell the facts of these assertions but I for one strongly agree. Important information for those making critical housing decisions at this time. Whether you want to buy, sell, invest, or just hang on the housing market is still in flux. When neighborhoods have almost half of the houses empty it's hard not to ask the questions.
See my June 1, May 10, and June 3, 2009 postings for more information on this subject.
Note added June 15, 2010: Here's another very good article that speaks about what economists are projecting for the near future. http://finance.yahoo.com/news/How-to-Plan-For-a-DoubleDip-usnews-2055778412.html?x=0
Tuesday, June 1, 2010
Owners Stop Paying Mortgage ... And Stop Fretting About It - Yahoo! Finance
Owners Stop Paying Mortgage ... And Stop Fretting About It - Yahoo! Finance
One of the most interesting and controversial effects of the economic crisis is the growing number of Americans who are choosing to walk away from their homes and mortgages to wait for the foreclosure to take place. The reasons are many:
1. Underlying anger at financial institutions for creating the mortgage crisis.
2. Personal frustration at a banks unwillingness to work with the home owner to find reasonable solutions.
3. Viewing the home as a losing investment in the current market conditions. Dumping the home like you would dump a losing stock.
4. My credit is messed up anyway so what difference does it make?
5. Others are doing it, why not me?
6. They view it as a necessary step for their own survival as it has come down to a choice between food and the mortgage payment though income reductions brought on by job loss and then when calling to work out payment arrangements reaching a customer service representative overseas.
7. Those not behind may view it as a step to their living under their means strategy.
8. Some view the move as a step of consumer solidarity in protest of the strong arm tactics they feel banks have usedin mortgage repayments, credit cards, and overdraft fees.
The opposing argument is:
1. The view that if you signed on the dotted line it is your moral obligation to pay.
2. The more people that abandon their homes the greater it will impact the entire economy.
Joe Plemon at Personal Finance By The Book has written a very good post making a number of thoughtful points as to why walking away is not a good idea. His readers have also provided some lively comments. The link is at the bottom if you would like more information.
The fact is that whether you personally agree or disagree, whether you feel you need to take this step or not, it is happening all over the country and is the next big wave to redefine the American Economy. The effects will impact the housing market for years. Personally, I'm not so sure that the issue is even about housing anymore as much as it is about consumers saying "no" to the banking industry. The American people are going on strike.
Am I offering any advice? No, I'm just watching along with the rest of the country and trying to maneuver through my own In The Trenches experience. What do I think will happen? I'm not sure but a couple of things seem evident:
1. The number of foreclosed houses will continue to grow and effect the value of all homes.
2. With this fall in prices the local governments should lower property taxes to the new lower assessed value. But, that is unlikely and so we need to be watchful of other new inventive ways in which county governments will try to make up for lost revenue.
3. The lost revenue from mortgage payments and no bailout can put the large banks in big trouble so watch where you put your money especially if you invest in mutual funds that are comprised of mortgages.
4. Those that have saved money and kept their credit rating decent will be in a position to invest in real estate at lower prices though it may take years to see the value go back up.
I am not and do not profess to be an economist. These are my understandings and opinions and should not be used for making your decisions. All we can do is pay attention and be very prudent.
In a post I wrote on June 3, 2009 called the future of the American Economy I stated that I believed that what we were experiencing was just the first wave. This is the beginning of the second. Government resources for assistance are being exhausted and many families are still not where they need to be to weather the storm but the sirens are still sounding. Save money, get out of debt, live within your means. It only sounds dramatic because it is.
I hope you will take a few minutes to read some of the posts in the American Economy category and continue to read whatever you feel is valid and trustworthy. There are many excellent blogs and websites to give tips on everything economic and the latest news and commentary on changing events. Staying away from all the political hype can be difficult but by listening to a number of different sources and then comparing what you see with your own eyes things become more clear. And, then just keep working your plan. In God We Trust....
Be it ever so humble, there's no place like home.
Link to Personal Finance By The Book:
http://personalfinancebythebook.com/what-is-%E2%80%9Cstrategic-default%E2%80%9D-and-should-you-consider-it/
Link to Owners Stop Paying Mortage... And Stop Fretting About it - Yahoo! Finance
http://finance.yahoo.com/news/Owners-Stop-Paying-Mortgage-nytimes-4276925797.html?x=0
One of the most interesting and controversial effects of the economic crisis is the growing number of Americans who are choosing to walk away from their homes and mortgages to wait for the foreclosure to take place. The reasons are many:
1. Underlying anger at financial institutions for creating the mortgage crisis.
2. Personal frustration at a banks unwillingness to work with the home owner to find reasonable solutions.
3. Viewing the home as a losing investment in the current market conditions. Dumping the home like you would dump a losing stock.
4. My credit is messed up anyway so what difference does it make?
5. Others are doing it, why not me?
6. They view it as a necessary step for their own survival as it has come down to a choice between food and the mortgage payment though income reductions brought on by job loss and then when calling to work out payment arrangements reaching a customer service representative overseas.
7. Those not behind may view it as a step to their living under their means strategy.
8. Some view the move as a step of consumer solidarity in protest of the strong arm tactics they feel banks have usedin mortgage repayments, credit cards, and overdraft fees.
The opposing argument is:
1. The view that if you signed on the dotted line it is your moral obligation to pay.
2. The more people that abandon their homes the greater it will impact the entire economy.
Joe Plemon at Personal Finance By The Book has written a very good post making a number of thoughtful points as to why walking away is not a good idea. His readers have also provided some lively comments. The link is at the bottom if you would like more information.
The fact is that whether you personally agree or disagree, whether you feel you need to take this step or not, it is happening all over the country and is the next big wave to redefine the American Economy. The effects will impact the housing market for years. Personally, I'm not so sure that the issue is even about housing anymore as much as it is about consumers saying "no" to the banking industry. The American people are going on strike.
Am I offering any advice? No, I'm just watching along with the rest of the country and trying to maneuver through my own In The Trenches experience. What do I think will happen? I'm not sure but a couple of things seem evident:
1. The number of foreclosed houses will continue to grow and effect the value of all homes.
2. With this fall in prices the local governments should lower property taxes to the new lower assessed value. But, that is unlikely and so we need to be watchful of other new inventive ways in which county governments will try to make up for lost revenue.
3. The lost revenue from mortgage payments and no bailout can put the large banks in big trouble so watch where you put your money especially if you invest in mutual funds that are comprised of mortgages.
4. Those that have saved money and kept their credit rating decent will be in a position to invest in real estate at lower prices though it may take years to see the value go back up.
I am not and do not profess to be an economist. These are my understandings and opinions and should not be used for making your decisions. All we can do is pay attention and be very prudent.
In a post I wrote on June 3, 2009 called the future of the American Economy I stated that I believed that what we were experiencing was just the first wave. This is the beginning of the second. Government resources for assistance are being exhausted and many families are still not where they need to be to weather the storm but the sirens are still sounding. Save money, get out of debt, live within your means. It only sounds dramatic because it is.
I hope you will take a few minutes to read some of the posts in the American Economy category and continue to read whatever you feel is valid and trustworthy. There are many excellent blogs and websites to give tips on everything economic and the latest news and commentary on changing events. Staying away from all the political hype can be difficult but by listening to a number of different sources and then comparing what you see with your own eyes things become more clear. And, then just keep working your plan. In God We Trust....
Be it ever so humble, there's no place like home.
Link to Personal Finance By The Book:
http://personalfinancebythebook.com/what-is-%E2%80%9Cstrategic-default%E2%80%9D-and-should-you-consider-it/
Link to Owners Stop Paying Mortage... And Stop Fretting About it - Yahoo! Finance
http://finance.yahoo.com/news/Owners-Stop-Paying-Mortgage-nytimes-4276925797.html?x=0
Thursday, April 15, 2010
How to eat well on a food stamp budget: $68.88 - Yahoo! News
How to eat well on a food stamp budget: $68.88 - Yahoo! News
Maybe you are not on food stamps and nowhere near that level. Maybe you are just trying to cut back your expenses so that you can pay more on your credit card debt, hospital bills, or put more money into savings.
Every dollar you can reduce your expenses by will help in this effort. In The Trenches is not just a budget. It is a battle plan.
You may not want or need to reduce your food expenses to $68.88 but if you want to cut them by $50. $75, or even $100 a month this article can give you some valuable tips to know where and how to do it.
Maybe you are not on food stamps and nowhere near that level. Maybe you are just trying to cut back your expenses so that you can pay more on your credit card debt, hospital bills, or put more money into savings.
Every dollar you can reduce your expenses by will help in this effort. In The Trenches is not just a budget. It is a battle plan.
You may not want or need to reduce your food expenses to $68.88 but if you want to cut them by $50. $75, or even $100 a month this article can give you some valuable tips to know where and how to do it.
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