According to a recent article by CNN, consumer credit card debt dropped in 2011 by 11%. With lingering high unemployment, the threat of a double dip, and stagnant wages, it seems a bit impressive to me that consumer credit card debt actually decreased as a whole.
According to the article:
"The average credit card balance for 2011 was...
It's hardly an accomplishment for most bloggers, but I've made it a month typing away about personal finance, my journey, and other assorted (hopefully related) subjects. I'm just beginning to scratch the surface of many of the topics I'd like to write about and discuss, so the prospect of what this blog has the potential to be is...
These days it seems like everyone is trying to find creative ways of bringing in extra cash. Some people are starting small side businesses in the hopes of providing for their family more adequately, while others are taking out loans against their homes or cars. Things are really tough out there right now, and anyone who is not struggling...
After almost a year living in paradise, a place that the majority of the world dreams of visiting, I have decided that I'm just not cut out for this whole relaxing on the beach thing. Yup, that's right, I'm no longer in Hawaii and have chosen to return to the frozen tundra of Wisconsin. I'm not...
Earlier today I spent an hour speaking with Ask Mr. Credit Card on his blog talk radio show. I think I'm glad I did this mostly because I learned that I like to say "ya know" about a million times when nervously talking on the phone... I'm also quite good at cutting Mr. Credit Card off! maybe...
Creating a debt repayment worksheet is a great way to get all your debts in one place so that you can easily track them and understand what you owe. It's nothing too challenging, but a great tool in bringing to light your debts. It's also one of the first things you may want to do when on...
Although Jim Calhoun Jr.'s book "The 12 Investment Myths" lasts only 104 pages, it packs enough value to last a lifetime. With a straight forward, concise, and at times, humorous demeanor Jim brings some common myths of investing to light that many investors may not have thought about.
Working as a fee-only financial advisor the author stresses that investors...
After the big bank fiasco and credit crunch we've seen over the past few years there's been a movement for customers to leave big banks and partake in their local communities via credit unions. Credit unions offer a ton of unique advantages, but they are limited in the range and breadth of services. Using a big bank...
For all of you who are celebrating Christmas today have a very Merry day.
As my way of celebrating the birth of Christ I am going to go for a bike ride and snorkel!
Will be back on tomorrow!
Ryan
P.S. Jacob over at Early Retirement Extreme was kind enough to let me guest post on his blog today. Check out his...
I recently watched a CNBC special titled: Keeping America Great in which Warren Buffet and Bill Gates were asked questions by students at the Columbia business school. It was a very informative special that highlighted their optimism of the American economy and capitalism in general.
Below I've highlighted some of the questions and answers I found interesting. If you'd...
