Savings Strategy for Those Living on Main Street
Here’s a comment I left on a CNN Money post about a couple who have been living on half of their income for years and tout the values of frugality. Several comments referred to those not in a financial position (lower income, greater expenses, job instability, etc.) to have the luxury of such frugality. Continue reading “Savings Strategy for Those Living on Main Street” »
Financial Freedom
I read a blog asking about financial freedom and, even though it specifically mentioned how narrow-minded that concept is when defined by amounts or by financially-based ideas (e.g. “getting out of debt”), I was surprises by how many comments still focused on purely financial achievements or factors.
Here was my response to what financial freedom means to me: Continue reading “Financial Freedom” »
Yahoo Reports High Risk FICO Scores on the Rise
A Yahoo report of July 12, 2010 indicates that a growing number of US consumers have the ranks of high risk borrowers (FICO score of 599 or less). Following increasing foreclosures and delinquent debts due to the high unemployment and underemployment rates of the down economy, this segment of credit scores has grown from the typical 15% of consumers to over 25% as of April 2010. Continue reading “Yahoo Reports High Risk FICO Scores on the Rise” »