Last year, Congress passed a significant piece of legislation. The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 is the first bill in many years that provides substantive new protections for consumers. Gouged for years by a greedy and unscrupulous credit industry, Americans have watched their debt to...
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Surviving the recession is hard. The statistics often obscure the human toll that massive job losses, bankruptcies, and loss of wealth has taken on very real people. While many view these struggles as challenges to be overcome, too many succumb to the despair. The pressure of trying to deal with financial stress, especially...
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There is an age-old debate about what should be the greater priority, saving money or using it to pay down debt. Saving, including creating a three-month emergence fund, funding 401ks, IRAs, or traditional savings accounts, will help you prepare for the future and any unforeseen occurrences. However, debt, which includes credit...
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The debate over the future of American healthcare has raged throughout August. Between the chaotic ranting and minutiae of the particulars, making healthy choices, the most important aspect of the debate, has gone unnoticed. Whatever happens with the bill, it is incumbent on us to begin to take responsibility for our choices and...
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News reports are awash with the “good news” about home sales. While I do not want to be overly pessimistic, I am genuinely confused about the rush to declare the recession over. I want the recession to end. However, what has been done to address the institutional failures that created the current crisis? Congress...
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It is a common saying that you can never be too careful. However, far too many people are struggling financially in a heroic attempt to meet all of their insurance obligations. Paying extra coverage for services that you do not need, or are unlikely to need, is unnecessary and can lead to unreasonably high premiums. It is well...
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