Tag: Debt
Opdyke on a “spending plan”
I’ve had the conversation many times with other financial professionals and I think that everyone would agree.
At the root of success or failure regarding a household’s finances is how well they control their spending.
A household that spends LESS THAN they bring in will be flush with cash that they can save, invest, and allow to [...]
Posted: November 4th, 2008 under Personal Finance, Saving-Spending.
Tags: budgeting, Debt, spending plan, wealth
Comments: 1
Deleveraging begins according to Fed data
Back on September 29th I wrote this post regarding the concept of “deleveraging”. Over the past few decades American households and corporations were addicted to debt. We used credit cards, home equity lines of credit, mortgage loans, auto loans, etc. to accelerate our consumption.
However, our unabated use of debt lead us to where we find [...]
Posted: October 8th, 2008 under Debt, Personal Finance.
Tags: borrowing, consumer credit, Debt, deleverage, deleveraging, implications of credit crisis
Comments: none