A SayEducate.com article recently suggested given that the current state of the economy will mostly likely worsen, homeowners should think about opening up a home equity line of credit.  The suggestion includes the following arguments: 1. If you are currently employed, a home equity line of credit will be more easily secured versus when you are out of work.  And if […]

– Wise Bread has an interesting article on the pros and cons of pre-paying your mortage – I can tell you that I’ve been giving this one lots of thought and I still haven’t come to an easy answer   @ WiseBread. – Dough Roller posted a “festival of frugality” that contains some great information on frugal living, finances, debt, etc.  @ Doughroller.com […]

I’m convinced that your average American citizen has the financial IQ of a cockroach.  After all, where else in the Western world is the savings rate less than 1 percent (the instinct in the US is to spend rather than save and that’s a problem)!  Read the latest on America‘s financial disaster (consumer debt and the mortgage crisis).