For the last few months the majority of Americans have been in a panic because Christmas was around the corner and they needed to get all their Christmas shopping done. There was a frenzy on Black Friday as people scrambled to scoop up the deals that only come once per year. Or so the retailers …
Saving Money
Should I Save Money While Paying Off Debt?
Dear Matt, While someone is doing their debt snowball should they also be saving money? We completed lesson 3 [of Dave Ramsey's Financial Peace University] and the class is working on their budgets. Charitable contributions of course is at that top of the form and then savings is next (5-10%). We …
This Bad Economy and Great Recession are Good For Us
Did you know the personal savings rate is up over 6% as of July 2010? That's nearly triple the lows of less than 2% in the last three quarters of 2007. This means that when the economy nose dived into recession, a bunch of people across the nation got a massive wake up call and they stopped …