February 19, 2009
Creditslips.org has nice article on dealing with another bubble that inflated during the times of easy credit: negative automobile equity. The article states that as much as 25% of all automobile borrowers are “under water.”
Here’s how that works: The value of the trade-in is $8000; balance on the loan for that trade-in is $10,000. [...]
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February 18, 2009
Jonathan Schultz, an 18 year old senior at St. Mary High School in Dell Rapids, South Dakota, won a $3,000 prize for a series of essays he wrote for a financial literacy contest.
Contestants were required to write essays that involved creating financial independence by understanding investing principles.
Shultz’s teacher received a $300 prize of [...]
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