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,…
Month: March 2009
Debt Reduction And The Emergency Fund
From a recent email from “Rick” – If you had to begin your debt reduction journey today, would you immediately begin to attack your debts or would you first take the time to build up my cash reserves? This is a great question, and one I’ve been asked several times. First, for the sake of this article, I’ll refer to…
The Kids’ Fun Fund – Our Alternative To Allowance
Each summer, my wife an I take our kids to the beach for vacation. One of our kids’ favorite places to go, while on vacation, is the “fun park” where they can ride go-carts and play video games. I think they enjoy the “fun park” more than they do the pool! A few months ago, in an effort to teach…