Until last week, the expression, “money in the bank” was considered the ultimate in security. But after the WaMu firesale, many are getting a little worried that their own bank might fail. Here’s how you can make sure you are protected.
Credit cards are hailed as convenient tools, a way to build credit and earn points or rebates. However, there is another side to credit card spending, experienced by many who pay less then their balance month after month and one that can lead you into a downward spiral that is difficult to rebound from.
Do you habitually ignore certain numbers that regularly pop up on your phone? You know, like the one from the mortgage company calling because you are 15 days late with a payment. Maybe you own your own business but now find yourself dipping into your retirement savings, cashing out a life insurance policy, and maxing out those emergency credit cards you applied for last year just in case. If you’re getting dangerously close to the poverty line, you might want to take a lesson from 5 Radical Real People Who Escaped Poverty.
If you’re wondering how secure your bank account is in light of the latest news about IndyBank, or what to do with your Roth IRA or 401(k), or how asset allocation can help you improve your investment returns, then read on!
Who is to blame for the subprime lending mess? Is it the borrowers who have been remiss with their financial management responsibilities? The lenders who should know better than to give consumers who haven’t been disciplined about their financial tracking — the rope to hang themselves with? Could there be something or someone else at fault?