Monopoly: House RulesHow would you like to play Monopoly and have half the rules change after the first hour? And you don't find out the rule changes until then. The utilities can now charge 10 times the former amount. Landing on Boardwalk will cost you $16. Marvin Gardens is now the high rent district. Yikes. But at least you know what the … [Read more...]
The 20% Rule; Can It Help You?
Humans don't like change. It takes adjustment. We like being as comfortable as possible and that means no change to most of us. I'm human. I don't like having to make big changes. Somehow I can trick my mind to accepting change when I consider just "20% change." I don't know why, but that 20% just seems acceptable.I'd always heard to keep … [Read more...]
How Much Money Should You Have in an Emergency Fund?
Wow, 50% of Americans say they do not have an emergency fund to cover a $2000 expense such as an unexpected bill for car repair, home repair, a medical emergency, or legal expenses. Of course no one can predict those bills, that's why a person has an emergency fund. Yet cars do break down, roofs leak, and neighbors can sue. Many who declare … [Read more...]
His Magical System for Getting Out of Debt
You maybe have heard of several methods of getting out of consumer debt: the debt snowball, the reverse snowball, and more. Here is what worked for the blogger at FiveCentNickel. It's laid out simply, and you might like how clear it is. Click title for link. Click labels below this post for more ways to attack debt. The most important thing … [Read more...]
Is Law School a Losing Game?
There is an oversupply of lawyers and law school graduates these days that is making it a lot harder to find a job in law. The unemployment rate for lawyers is 20% compared to 10% for job seekers in general. When I graduated from high school there was a teacher shortage due to the bulk of the baby boomers in school. I became a teacher as many … [Read more...]
A Debt Settlement Plan Will Trash Your Credit Score
Before signing anything with a debt settlement company read about your options at the linked article. Some choices are better than others.Click title for link at Bankrate.com. … [Read more...]
How Debt Fools People
It's not that people intend to take on too much debt. It's just that they take on an amount of debt that they can afford. Then when they have a drop in income or unexpected expenses they are unable to make all their payments. They are in debt up to their eyeballs & didn't know it. It's too easy to have problems escalate into a debt spiral at this … [Read more...]