Thursday, November 19, 2009

Thanksgiving is right around the corner

We would love to hear what cost savings ideas people have around guests, parties, etc. Anyone having a pot-luck? Anyone having peanut butter and jelly in-lieu of a big meal? Do share?

Tuesday, November 10, 2009

What the heck is happening to this real estate market??

I am sure I am not alone in this..but I was amazed to see that we our $58k upside down in our house. Now, we are blessed and able to afford the payments that we signed up for 6 years ago. And, that is awesome. But, the house we signed up for at $318k 6 years ago is not worth about $260k at best.

Now, before you say "you haven't lost anything until you sell..I totally agree with that statement. But, what have you lost in the here and now? Well, you have lost any flexibility to accept a better job in another location. You have lost equity (and while that moves around a are still in the negative) and, some may say, you lose a sense of pride as the value decreases.

All this ranting is to say one more in the hands of the irresponsible is a REALLY BAD thing! Lenders and borrowers alike that straddle the American econoomy with the sub-prime mortage industry are directly responsible for where we are today. Those of us that pay our payments monthly and struggle to make a life for ourselves, bare the burden for those that just threw up their hands and walked away from a committment they never should have been in.

OK..I will end my ranting. I encourage all of you to speak up when you see friends and family using credit badly. Call them into accountability...until their is a ground-swell, it will continue. I can't wait to see the fall-out from the "cash for clunkers" programs. But, don't worry Dave Ramsey fans...there will be some awesome "beater" deals on really nice repo's!


Monday, November 2, 2009

New Totals for the end of October

Another $1100 bites the dust! What a great way to start off November! Happy Monday everyone.