Debt
« Previous EntriesOur fiscal cancer
Monday, September 15th, 2008If you care at all about what our country will be like in 20 years, and about the devastating effect consumerism has had on our society, watch this 60 minutes interview with the nation’s controller:
College Starts This Month: Warn Your Kids About the Dangers
Tuesday, August 12th, 2008Credit cards companies. They’re out there, waiting to offer your kids a free t-shirt, free lunch, or just about anything it takes to get them to complete an application. Before you send them off to college, warn your kids about the dangers of credit cards.
Although many colleges prohibit credit card companies from soliciting on campus, […]
Fun video says it all about financial management
Friday, July 11th, 2008This Saturday Night Live video with Steve Martin says it all about how to avoid debt.
We sent this to the email list a couple of days ago but wanted to make sure the rest of you saw it too, because it will make you laugh.
By the way, the emails that go out on the email […]
50 Worst Cities for Homeowner Debt
Tuesday, May 27th, 2008Here’s a list of the 50 worst cities for homeowner debt.
How does your city rank?
Mine is in the top ten. Oops.
Debt collection is a growing business
Saturday, April 26th, 2008Workers in India can earn $425 per month calling Americans who are behind on debt payments with the potential for an extra $600 or more per month in bonuses. This is actually a lot of money because the average salary in India is $63 per month. By contrast, American collectors earn $6500 per month. So […]
A free gift for you
Saturday, March 29th, 2008Last summer, Debt-Free-Mom was just a concept. I wanted to create a business that would genuinely impact the lives of others. A few months later I asked Anita if she’d like to join me in this venture, and she was as excited as I was to begin.
Your response has been astounding. Each […]
Involuntary Thrift on the Rise
Friday, February 8th, 2008Well, well, well.
It appears that being weird is becoming more normal.
This recent New York Times article says:
But now the freewheeling days of credit and risk may have run their course — at least for a while and perhaps much longer — as a period of involuntary thrift unfolds in many households. With the number of […]
Teens and the Credit Card Jungle
Wednesday, January 30th, 2008I got a surprise in the mailbox the other day, something I didn’t expect to see quite yet.
Actually, I’m stretching the truth a bit; my 17-year-old daughter Lindsay got something I wasn’t quite ready for—her first credit card offer.
It was from 1st Financial Bank.
Now keep in mind that my daughter is a senior […]
Worshipping at the Altar of FICO
Saturday, January 26th, 2008FICO stands for Fair Issac Corporation. Bill Fair and Earl Issac started a consulting company in the 1950’s and developed FICO scores, which measure credit risk.
I keep trying to think of alternate definitions for the FICO acronym:
Floundering In Credit Oppression.
Forgetting I’m Credit Oppressed.
Forever Instant Credit Organization.
Financially I’m Constantly Overwhelmed.
Fighting Idiot Credit Oppressors.
Those aren’t very good […]
Debt loss and weight loss: a two for one
Friday, January 25th, 2008Since beginning my I’m Not Going to be a Slave to Debt Anymore journey last September, I’ve noticed the following:
Everything that applies to money applies to food too.
For instance, the excuses are the same, are they not? Someone who is 20-40 pounds overweight and not yet in crisis mode about it because they aren’t obese […]