Borrowing
Ridiculous College Tuition Costs is our Next Mortgage Meltdown
Have you ever heard of a college announcing that its tuition cost will be declining? It’s possible, but I doubt it happens. The price to attend college continues to go up year after year, almost as if college tuition prices run in a completely independent financial line that completely ignores the financial realities of our [...]
Options for Unemployed Graduates with Student Loan Debt
The rising unemployment in the U.S. is a grim reminder that those of us with jobs should stop complaining and start being thankful. Unfortunately, one of the real classes of people who are being undeservedly punished by our economic struggles are college graduates. With unemployment climbing, college grads are finding themselves trying to beat out [...]
Recession Rhymes
Recession Rhymes
By: MYM
Humpty Dumpty
Hedge fund managers sat on a wall
The over leveraged risk takers had a great fall
All the taxpayer dollars and President’s men
Tried to put the wall street pieces together again
Old King Cole
Old Uncle Sam was a merry old soul and a merry old soul was he
He called for his checkbook in the [...]
MYM Mailbag # 4
Do you have any questions you would like MYM to answer? leave a comment or send us an email.
Hi, I was looking over my school loans and had a quick question. I have a variable interest rate loan and the interest rate is 5.8%… I would really love to fix that loan to ensure the [...]
The Crisis of Credit Visualized & Cleverly Explained
Jonathan Jarvis creates a clever, easy to understand video of the credit crisis and how things work. It goes into complicated investment vehiceles and fiancial structures and is actually very imformative. It lays a little too much blame on Greenspan, but this is a video you will want to watch and share with your friends [...]
2008 Top Financial Web Sites
Kiplinger recently released their top picks for 2008 best investing and financial services web sites. Coincidentally, they picked their own site for the best tax calculator. Take a look at the following sites, the financial fundamentals everyone should know is spread amongst them all!
Bonds: Investinginbonds.com. A one-stop shop, this free site provides historical [...]
Auto Industry Lowers Prices During Hard Times
While the automakers are on captiol hill begging for a bailout, consumers are made to belive that automobile prices are at an all time low. Some reports have cited cars are now selling at a 20-30% discount and 0% financing is making a comeback. Does this mean it’s time to buy?
In my opinion, the 20-30% [...]
Alternative Home Equity Loans—Unregulated, Costly, and Dangerous
Credit seems to be easing a little, which means maybe the Government’s move to purchase shares of banks is working. I don’t think credit will ever be as assessable as it was just a couple years ago, which has meant opportunities for those with extra cash. Not only can you invest directly in people through [...]
What Is Actually Included In the Bailout Legislation?
MYM Series: Wall Street Bailout Explanation 3 of 4
As you have probably heard, the U.S. Senate passed an amended version of the bailout package late on Wednesday, October 2. Mainly, changes were made to the bill in order to garner enough Republican votes in the House, where a similar package was shot down earlier [...]
MYM Series: Wall Street Bailout Explanation 2 of 4
Understanding the Crisis: Timeline of Failure & Who’s at Fault?
How did we ever get to the point of needing $700 billion dollars from the Federal Government? Were the regulators asleep at the switch or were they simply out smarted by the markets? Did greed win over principles on Wall Street? These are great questions [...]
MYM Series: Wall Street Bailout Explanation 1 of 4
You’ve heard the news; Wall Street’s biggest financial institutions are in need of a major financial Government backed bailout in order to stay afloat. What does this actually mean? How will it affect me? Why should the taxpayers pay for the Wall Streets errors? What are the pros and cons of such a bailout?
My day [...]
When Is Too Much, Too Much?
We are in the process of looking into buying a house. We found one and have been going over the numbers over and over and determining that our budget would stretch really tight. It would be doable, but our safety net would have to be used for a down payment and we would need to [...]
USAA to Expand Eligibilty Requirements
USAA has announced that they are expanding their eligibility requirements. If you meet the following criteria, this might be a great opportunity to get some nice insurance benefits.
While a bit of an exclusive club, it is with good reason. The customer service is top notch and the rates are extremely competitive. They currently allow only [...]
Pic.TV’s Preview of An Inconvenient Debt
While our attention is currently abroad in Beijing, watching our fellow citizens win medals left and right (take that France!) we are also keeping an eye on that state of affairs here at home. There is another race coming up soon but won’t commence until long after the Olympics are over: the Presidential Race. This [...]
Milk Your Money Tools
As the internet doubles in size, power, and reach at such an exponential pace, we are evolving our websites to not only display “content,” “opinions,” “news,” and who knows what else. Now we are pointing our links to pure data. The internet does not sleep, its always on, and it loves to crunch data.
So MilkYourMoney.com [...]
