Bank of America New Plan for Foreclosing Homes
The Wall Street Journal reported that BofA is initially offering in New York, Arizona and Nevada homeowners who are having difficulty making mortgage payments, to lease their home back to them, at market rates, in exchange for transferring the deed to the bank using a ‘deed-in-lieu of foreclosure.’ This could be a win for the… Read More »
Americans Waste Up to $2,000 on Discarded Food
Great article in the Wall Street Journal about leftovers, discarded food and the impact to household budgets and the environment. I hate it when food goes bad and we have to toss it out. We try to freeze things like peppers or meat before they go bad, and only buy what we plan to use in… Read More »
Student Loan Debt Tops $1 Trillion
The Financial Protection Bureau recently reported that total student debt topped $1 trillion last year (2011). They report that some of the reasons for the rise is a lot of Americans returning to college, instead of staying in the weak labor market. Tuition increases have continued especially considering cuts in state funding. Also many parents… Read More »
Giving Up- The Road Less Traveled
Have you ever had something that you really wanted and were getting ready to purchase, and instead of doing so you gave the money to some needy person? Have you ever considered taking a prized possession and selling it, and give the money to an institution that you believe in? A friend of mine down… Read More »
Tax Prep Assistance
People have many option these days for tax preparation, all have their strengths and weaknesses: Doing it yourself: Tax preparation software like Turbo Tax, Tax-Cut, or just doing it in paper and pencil can be learning self educating experiences for those willing to invest their time. The software is easier to use and is getting better all… Read More »
What to do with your Tax Refund
When we find out we are going to receive what might be thousands of dollars in tax refunds from the Federal or State Governments, we have two competing impulses: wants versus needs. Those that are struggling may want to give this issue serious consideration, because any windfall like tax refunds or bonuses can really help us… Read More »
Health Insurance Gap for Millions
The health insurance debate is far from over. You are going to hear a lot more about it in the next few years; during the presidential debate, as cases work their ways through the courts and the Supreme Court, and as more major provisions become effective that aren’t now. I’ve listened to much of the… Read More »
The Challenge of Low Interest Rates
Interest rates are extremely low, providing challenges for borrowers and investors alike. For potential buyers there may be the temptation to purchase things using debt, instead of saving money for things that are wanted. Renters of apartments are attracted to buy homes since interest rates are at historical lows in the ball park of 3%…. Read More »
Autos Mechanics See the Most
If you are considering a new or used car purchase you may want to check out a good article at AOL Autos “Here are the autos mechanics see the most.“
GM Chevy Volt Cancelled?
General Motors (GM) announced another “temporary” production halt for its $40,000 electric hybrid Volt car. This car was doomed to fail from the start when they priced it almost twice the cost as Toyota’s Prius. The average passenger car shopper is looking for a car that is priced similar to other cars in the size… Read More »
