personal finance

Debt consolidation and debt negotiation programs (DNP) are often associated with seedy companies more interested in helping themselves than helping consumers. The debt consolidation industry is largely responsible for earning this questionable reputation. The Federal Trade Commission, for example, warns consumers about the false promises many in the debt business make to consumers. And the [...]

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Here is one of the most frequently asked questions in all of personal finance: “How do I get out of debt?” At one level, eliminating debt is simply about following a few steps:

Stop going into more debt
Spend less than you make
Pay off debt with the difference

If you follow these steps, eventually you’ll be [...]

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Welcome to the Carnival of Money Stories 2. A story can be a powerful learning tool, and stories about money are no exception. Below you’ll find links to money stories from bloggers around the Internet. And if you’re not familiar with blog carnivals, here’s the deal. A carnival is simply a [...]

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The tale of General Motors’ economic turmoil should be a lesson for the United States. With mounting debt, off balance sheet obligations (e.g., Social Security and Medicare), and previously unthinkable annual deficits, the US is living on borrowed time. GM’s health care and retirement obligations crushed the company’s competitiveness, and one can’t help [...]

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Particularly in financially difficult times, the last thing we should do is spend money on stuff we don’t need or even want. Yet that’s exactly what many of us do. I’m guilty of it, even though avoiding these expenses is really easy to do.
So I thought it would be a good [...]

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The memorial for Michael Jackson cost the city of Los Angeles $1.4 million, according to the Associated Press. While most of us won’t be remembered at the Staples Center in front of 11,000 people, funerals are expensive.
According to the Federal Trade Commission, a traditional funeral costs about $6,000, and many funerals run well over [...]

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One of the features of many 401k retirement plans is that you can borrower money from your own account. While 401k plans are not required to permit plan participants to take out loans, many plans do. Much has been written about the pros and cons of 401k loans. One of the potential [...]

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This is a guest post from Pinyo, the author of Moolanomy Personal Finance. His blog covers a wide variety of personal finance topics including income building, smart spending, investing, and financial planning. If you like this article, please consider subscribing to his blog.
What are the three most important numbers in the business world? While [...]

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