Breaking News: Some Americans Pay Off Their Credit Cards in Full

According to a recent Gallup poll, 43% of American credit-card holders say they always pay off the full balance on their cards each month and another 17% say they usually pay their full balances each month. On the other hand, 25% acknowledge that they usually leave a balance and 12% say they usually pay only […]

What a Bankrupt Office Looks Like

Mr. Toledano, a New York City photographer, began an interesting photography project shooting offices after bankruptcy. As he describes, the project is more “archaeology than photography.” So if you want to see glimpses of life, interrupted, then check out the gallery.

How Does a City Go Bankrupt?

If you haven’t heard, the California city of Vallejo filed for bankruptcy protection this week after they were unable to come up with over $17 million to balance the budget. The story prompted me to ask, “How does a city go bankrupt?”
The short answer is: just like the rest of us.
Sometimes there are extenuating circumstances […]

Reverse Psychology: Why You Can’t Get Out of Debt

Since I seem to be a bit lazy today, I’m going to point you to a great little post at 22 Dollars Entitled “8 Reasons You Can’t Get Out of Debt.” I like this article, not necessarily at the points it makes, but rather because it takes the issue of debt and turns it on its head.

You’ll hear me, and every other personal finance blogger out there, tell you what to do to get out of debt. Cut back spending… get a second job… make a realistic budget… and on and on…

But have you ever stopped to think about why you CAN’T get out of debt? Seriously, take a second today and ask yourself why you can’t seem to do it.

Is a Countrywide Bankruptcy Imminent? Investors Think So!

Countrywide Financial (CFC), one of America’s largest home-loan lenders, tried as hard as they could today to deny the rumor that the company is filing for bankruptcy. However, as today’s stock performance shows… nobody seemed to be listening.

But today’s press announcements and market reactions brings up a few interesting observations about investing:
1. Sometimes market […]