It is refreshing to finally get honest with yourself and know exactly where you stand. Write out every dollar that you owe and write out the interest rate of each debt. It may not be pretty, but now you can create a plan and feel a sense of control.
The Republicans who voted for these budgets (or contributed to the earmarks and voted "no" later), have morally obligated themselves to support the debt ceiling. After all, these budget packages are what raised the debt to such high levels.
I've always loved a good girls' night out, but lately, I've grown tired of the "out" part. That's why, instead of waiting forever to get into clubs or struggling to hear each other over loud music, my friends and I prefer women's nights in.
Yet just as we must learn a language, it seems the language itself may train us: to focus on one area of life and disregard another, to acquire and practice a new skill while putting others on the back burner, to prioritize the present or prepare for our future.
The first step towards finding a solution to this problem is to simply admit the truth. After owning up to what is really going on, the next step is to understand the consequences of your behavior. And then you can dust off your budget.
Unfortunately, personal finance courses are not taught in schools, so it's completely up to you -- and the earlier you begin the process, the better chance your children will have to grow up into responsible, thrifty young adults.
The end of tax season is the biggest financial event of the year, claim 75% of Americans, as they anticipate a refund of their hard-earned money after filing their taxes. However, only 37% of tax payers choose to invest their savings or use it to repair their finances.
The debate over fiscal responsibility has been muddled by the Great Recession; inevitably, perhaps, arguments over long-term fiscal problems have been conflated with debates over short-term recovery programs. Both debates have suffered terribly as a consequence.
If you yearn for the sweet life of but feel like it's beyond your reach, I have some good news. Your prospects are much better than you think. In fact, if you follow the 5 steps I'm about to lay down, your future will be so bright you'll have to wear shades. Let's get rockin'.
The main budget battle is just beginning this Friday, not ending. So far, President Obama has done an excellent job of laying out exactly what the Republicans don't want to talk about in public -- that when the federal budget is cut, it has real and lasting consequences to the American economy.
Until a credible force--making a broad and compelling counterargument that resonates outside the beltway--comes to the negotiating table, the president won't. He doesn't have to. His job is secure, even if there rest of ours are not.
Policymakers hope to cut federal deficits by trillions of dollars over the next decade, imposing painful sacrifices on millions of Americans. So it's astonishing that they're also considering million-dollar tax cuts for a few thousand of the nation's wealthiest heirs and heiresses.
People talk about government spending as a percentage of GDP or use spurious metrics that confuse the main theme of the data. Look at it as a businessperson would: If a company is taking in $100 and spending $150, it doesn't matter what expenses are relative to anything else.
Small Business Saturday has gathered momentum since American Express began the promotion in 2010 to provide smaller companies more exposure during one of the most important shopping weekends of the year.