A couple of days ago, the Federal Reserve announced that it is spending $500 billion on ‘commercial paper’. That’s short-term loans made by banks and businesses to get working capital. While this is a good thing for freeing up the credit market and getting cash moving around again, it barely made the news!!
Have we already [...]

It’s that time of the year again, time to receive the quarterly 401k statements. If you’re anything like myself, you’re not looking forward to the little piece of paper that’s telling you your beach retirement has turned into a lawn chair in the backyard by the wading pool.
With the AARP estimating that 401k plans have [...]

Last week was quite a debacle for Wall Street. Even with the bailout money approved, the whole world seems to be rocking back and forth in this financial storm.
It’s an exciting time, no matter what what your funds are doing. Economists are planning careers based on the last couple of weeks, and new courses in [...]

I remember a year ago, when we were deeply into kill-the-debt mode. We cut spending right to the bone. No eating out, no frivolous expenses, no NOTHING. It lasted for the better part of three months at that intensity, and we successfully got rid of a lot of debt. Then, one day, we stopped. That [...]

The Kansas Department of Labor announced recently that as a cost-cutting measure, they are going to stop giving out paper checks, and send out Visa debit cards to unemployment recipients. This is in line with other actions, like health insurance cards, cards for ex-convicts, cards for Social Security, cards for Store Loyalty Programs, and of [...]