Month: July 2008

By: Roshawn Watson In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy! I also wanted to thank all of you who are voting for articles from this site on social bookmarketing sites such as stumbleupon, reddit, delicious,… Continue reading Uncommon Money News (Vol 23)

By: Roshawn Watson I saw this CNN Money article about two married doctors in residency who have a staggering $500,000 in student loan debt and on track to owe >$700K in student loans. I thought there were several things to pull from their story. For example, I really do not know if the decision to… Continue reading Dealing with $500K in Debt

By: Roshawn Watson Unfortunately, when most people “prepare for retirement,” they are actually preparing for poverty. I recently read a sobering statistic that up to 96% of retirees do not have cash flow sufficient to pay for their expenses. I read the perfect example just yesterday. The article was about a 72 year-old lady who… Continue reading The Reason You Are Living Beneath Your Means

By: Roshawn Watson Americans are engaging in another disastrous financial practice in record numbers. Due to more and more credit cards being maxed out and HELOC lending criteria becoming more stringent, Americans are raiding their retirement accounts. This is occuring partly because 401K loans do not require credit checks and are quickly available. However, anytime… Continue reading The New Retirement Threat

By: Roshawn Watson Many people absolutely hate Walmart, but I am not one of them. Nonetheless, I recently read a startling account from a customer’s experience at their auto center.Image Credit: nallalux Ashlee Mooneyhan, a 22-year old Colorado resident, took her car (Saturn) to Walmart Auto Service Center to obtain an oil change. After the… Continue reading Walmart Refuses to Pay for Engine Damage Caused by their Own Faulty Oil Change

By: Roshawn Watson In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy! Additionally, my 20 Ways to Dine Out Inexpensively post was mentioned in the Can I Get Rich On A Salary carinval digest. I just wanted… Continue reading Uncommon Money News (Vol. 22)

By: Roshawn Watson Investopedia recently proposed 5 signs that you are living beyond your means. Living beyond one’s means can derail the finances of even some of the highest earners. Just ask many of the countless celebrities and athletes who have filed for bankruptcy or have been foreclosed on. The first signpost: A Credit Score… Continue reading Signs That You Are Living Beyond Your Means

By: Roshawn Watson In a year where the stock market has lost some ground (at least so far), it is easy to yield to the urge to sell despite conventional wisdom. Back in October 2002, several people got out of the market after a substantial drop following the tech bubble bursting. Consequently, many missed the… Continue reading Benefiting from Those Stock Market Fears

By: Roshawn Watson In an effort to pay off a mortgage earlier, some will do biweekly mortgage payments. This is a contractual agreement with your mortgage holder to pay half of your mortgage every two weeks instead of the full monthly payment. Why the Mortgage Gets Paid Faster?By making a biweekly mortgage payment, one is… Continue reading Before Considering Biweekly Mortgage Payments

By: Roshawn Watson Alauna wrote in to the Consumerist because she recently ship her Hewlett Packard Pavilion laptop to a friend for software repairs via USPS (the computer had a virus). Unfortunately, she believes the laptop arrived to the friend in a damaged condition. The hinge of the unit was apparently broken en route, which… Continue reading Post Office Won’t Pay Insurance Claim Unless Employee Admits To Damage