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TOP STORIES
for Friday, May 9, 2008
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What is Better? Fewer Cards with Higher Balances, or Many Cards with Smaller Balances?
by Scott Bilker
My husband and I are preparing to buy a new home. We want to clean up our credit card accounts to better our chances for a mortgage. We were considering paying off our credit cards with smaller balances using other credit cards. What is better when your credit is being considered for a home loan--fewer credit cards with higher balances or more credit cards with smaller balances?
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Household Math™: Cash Flow
by Scott Bilker
Kim is trying to save $800 for tuition. She makes brings home $60 per week. Kim also has a total of $160 of out-of-pocket expenses each month. How many months will it take her to save the money needed for tuition?
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What to Know Before You File For Bankruptcy
by Becky Schmitz
You may feel you don’t have any other options. Maybe you owe several people money, your credit is maxed out, and you are falling deeper into debt so you start to explore filing for bankruptcy. You thought you never would, but you’ve heard about it, maybe even someone you know has done it and the question you want to know is when should you?
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Feeding a Family for $300 a month?
by Tawara Kellam
I do something that most people think they can't do today. I feed my family of 5 for $300 a month. Most people say that's an impossible feat, but what boggles minds even more is that I do it without using coupons. How do I do it? First, I use what I have. If I don't have milk in the house, I don't make a special trip to the store for it.
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Balance transfer checks
by Scott Bilker
Scott, First of all your site is great! Received a blank check from my credit card company that can be used for either cash or purchases. It is a low 3.99 percent rate for life of the loan. The balance on my credit card has a variable 8.99 percent rate. Would I be able to write a check out for the balance on the credit card, deposit it in my checking account, and then turn around and send a personal check to the credit card company for the balance total thus lowering the rate from 8.99 percent to the 3.99 percent. Thanks in advance. MW
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Instant Grati Syndrome
(by Harrine Freeman)
As a baby when you cried your mother or father came running to take care of you.
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Household Math™: Early Mortgage Payoff
(by Scott Bilker)
Assume a person is buying a $150,000 home at a rate of 7% interest on a 30-year loan, with the usual 20% down payment (so the loan would be $120,000).
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Credit Card and Debt Statistics Database
(by Scott Bilker)
Do you want to know the average credit card debt for families? Want to learn who has the most credit cards and how many? Find the numbers, and the sources, for credit and debt! The most complete online database of credit card and debt statatisics.
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Budgets and Credit Cards
(by Gary Foreman)
I was hoping you can help me solve a problem I have encountered while trying to live on a budget.
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Cash-out to pay off cards or keep debt?
(by Scott Bilker)
I have a 30-year home mortgage and $14,000 in credit card debt. Should I refinance my home with cash-out to pay the credit cards off then freeze them?
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Debt Daredevil
(by Scott Bilker)
I am however, interested in your opinion of other financial wizards and their money management tactics, such as Suze Orman.
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" |
If medical
science continues to prolong life, some of
us may eventually pay off the mortgage."
--Jonathan Pond |
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This
week's featured author |
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