All Posts Tagged With: "Bailout"

I will never understand people who use a credit card for everything!

AS for me, and my thrifty shopping habits: I always limit my spending to what I have in my bank account at the time (plus, as an avid saver, I always have extra cash when emergencies arise). Alright, alright … I kinda’ understand the “psychology” behind the credit card use: most people don’t feel as much of the pain of spending when they use plastic as opposed to cash…but I can’t understand this kind of talk: “I have plastic so I think I can afford more than I really can”. That just doesn’t register in my brain for some reason!

So you had a big balance on your cards (wasn’t too bright, you know)? You wanted to pay it back, but you were trying to make ends meet as well, am I right? Then when you got your credit card bill and saw the minimum amount due, I bet that very low amount enticed you to just pay it, and the extra money went towards other things like food and rent, correct? Did you answer “Yes” to all of these questions? Well then, fast forward a few years, and I also bet that you’ve finally figured out that instead of your ancient purchases getting paid off, your freaking amount grew out of control … now, when you finally look at the interest you’ve paid out over the years, you realize that it was as much as the original items you bought! Sound about right? Sucks, huh? Continued

“The Week In Review: Money Issues” is our weekly blog research on financial topics that define us as Americans, and shape the way we should do business.

Well, it’s that time again. Time for our weekly roundup of what’s different, offbeat, amusing and just downright intriguing about financial news. Your regular “Week In Review” reporter Pete had the nerve to run off and get married this weekend, so you’re stuck with me. Never mind. I will try my best. Here goes… Continued

“The Week in Review: Money Issues” is our weekly blog research on financial topics that define us as Americans, and shape the way we should do business.

Well, another week done. Over with. Kaput. Hey, I don’t know about you, but all of this money stuff in the news is getting weary. Yeah, I know it’s important, but the never ending bad news is endless. Bailout. Rescue plan. Credit crunch. Wall Street vs. Main Street. What bad news are they gonna hit us with next?

At least the election is almost here. Now, there’s a fascinating situation. If you vote from your pocketbook – and the pundits say most of us do – who’s your candidate? Obama? McCain? (hmmm, probably not John Mac, at least on economic issues, I daresay).

What’s the deal with Congress, anyway? The lack of leadership is scary. First, we hear that “the sky is falling,” and that the bailout must be passed right away or we face a financial Pearl Harbor. Then, leaders, including our wonderfully competent President “W” (yeah, right) fail to tell the American public why this bailout – er- rescue bill is desperately needed. Meanwhile, credit tightens, the stock market tanks and more money is lost by all. So, what gives?

Anyway, enough of this sour stuff. We at MoneyRemix do delight in pointing out the foibles of government..hey, who doesn’t? But we need to focus on moving forward, as they say. Here are some blogs that we came across…definitely worth your attention! Enjoy! Oh. Be sure to have a fabulous weekend. Let’s try, anyway.

Some interesting blogs we found: Continued

“The Week in Review: Money Issues” is my weekly blog research on financial topics that define us as Americans, and shape the way we should do business.

Whew … busy week. Not only for me, but also for this country!

I’ve been trying to make sense of all this political campaigning that is only a couple words and grammar changes away from truly sounding like the Divine Comedy (all fire and brimstone-like)!

Give us a break! This country has seen its share of ups and downs, but one thing is certain: we always land back on our feet. Always. I’m actually kind of mad that the Republican Party is still trying these scare-the-crap-out-of-you tactics (since they worked so well in 2004) with the single goal of undermining our intelligence. My fellow Americans, we are not going to hell in a hand basket, and “No” we are not going to suffer another Great Depression (there is Federal protection in place now) so whichever way you decide to vote this election, do it with you own logic (not the hyped-up-for-ratings media’s).

I found a few informative (yet, somewhat quirky) articles for you to ponder on. I hope they help you determine which candidate is better suited to handle not only your own finances, but also the country’s at large: Continued