From the monthly archives:

February 2009

Drive One, Pay for Two

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. […]

Read the full article →

Writing Personal Finance Essays Earns Student $3,000!

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 […]

Read the full article →