I love talk radio. I love podcasts. One of my favorite radio programs – which is also available as a podcast – is This American Life. This past Sunday’s episode, entitled The Watchmen, provides the clearest explanation of the current credit crisis, what it is, and how regulators failed to regulate it, that I have heard. I strongly recommend that…
Category: Credit
Beware The Dangers Of The Abuse Of Credit
As the recent economic crisis has shown us, there are dangers, obvious and hidden, associated with the abuse of credit. Our economy, which is in large part based on the availability of credit, teeters on the brink of disaster. At present, fifty cents of every dollar spent in the United States is charged on a credit card. As a nation,…
How To Break The Credit Card Habit
When getting out of debt, one of the first things we had to do was break the credit card habit. For years, we used credit cards for convenience – and then we woke up one day and realized we were in debt and paying interest. Here’s how we changed our behaviors and made the break – We Balanced Our Checkbook…