Monthly Archives: April 2012

What it means to be Frugal

I was having coffee with a friend of mine the other day and she was telling me how she saved over $200/month by taking the train into work. “How frugal of you.” I complimented. But she did not look like a person who had just received a compliment. Not at all. Instead there was aread more

Why canceling old credit cards can lower your credit score

Yesterday, Hidden Credit Repair Secrets posted the above credit score advice on our Facebook page. He suggested that closing old credit accounts could negatively affect your credit score so you shouldn’t do it. While there’s nothing necessarily incorrect about this advice, like most things, it’s not quite that simple. And sometimes it’s advice like thisread more

Paying down debt: Interest vs. Principal

  Last weekend, when visiting family for Easter, I overheard my younger cousin Kyle talking about a problem with his student loans. He complained that he’d been paying $200 per month for about 5 years and has only paid off $2000 from the original loan amount. “That can’t be right!”, he insisted. Unfortunately, it was.read more

Why is gas so expensive? Because you drive too much.

Why is gas so expensive? Everyone wants someone to blame: Obama, the greedy oil companies, increased demand from India and China… Does it really matter? Gas is getting expensive and it’s likely to be more expensive tomorrow.  There’s little that can be done about it.  That’s really all you need to know. And if youread more