Musings on Money, Personal Finance, Frugality, Debt, and Other Matters
Let’s sing a slightly different tune with this post - instead of the usual debt bashing. When I say “bad” debt, I am referring to the “good debt, bad debt” terminology that’s gathering some attention in financial circles - I am not referring to it in a classic technical definition point of view as […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUpon Let’s start this edition of the Carnival of Debt Reduction with some historical perspective on debt in America. Here are some interesting facts on consumer debt in the 19th century (source).
Before organized consumer credit, there were five major lending sources: pawnbrokers, illegal small-loan lenders, retailers, friends and family, and mortgage lenders.
Indebtedness was common prior […]
Since yesterday, I have been reading a number of articles on the recent subprime lending fiasco. Personally, I feel there are a lot of fundamental issues at play in the whole mess. The more I read about it, the more I am convinced that it’s not *subprime lending* that is at fault. It’s more […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUponDon’t get misled by the title, I am not trying to demean Dave Ramsey or his ideas in any way with this post (perhaps, there will be a different post for that :)). The humble objective is to put forth some features of my debt reduction story and hope that someone in debt might […]
Add to: del.icio.us | Digg | Yahoo MyWeb | Google | Netscape | StumbleUpon Welcome to the Diamond Jubilee edition of the Carnival of Debt Reduction. Thanks John @ Mighty Bargain Hunter for letting me host this edition of the carnival. Before I start with the entries, let us briefly touch base with the history of the carnival.
The first edition of the Carnival of Debt Reduction was hosted […]
 |
 |
Recent Posts
Personal Finance Network
Recent Comments