Elusive Wealth

This is my second “Voting with Dollars” post. The first post covered Banking.  When it comes to money and specifically in a capitalist or moderately capitalist society, our actions speak volumes. For instance, we want better service when banking and higher interest rates from our banks, but the vast majority of people continue to use [...]

I was reading a blog article on Free from Broke (http://freefrombroke.com/2009/05/receipts-prevent-credit-card-fraud.html) that identifies the importance of watching your credit card statements closely. Credit cards can become a bit of a vicious cycle, not only from a debt perspective, but even from a tracking perspective. Just having a credit card makes it easier to spend, and [...]

As a follow up to my Credit Card Accountability, Responsibility, and Disclosure Act (Credit CARD Act) post, I wanted to provide some additional information on the topic.  For instance, I stated in the article that I just cannot understand students falling for the “free hats.”  That is a bit of exaggeration because I know it [...]

On May 22nd, President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act.  What a cute acronym! Forgiving the acronym, I wanted to discuss what this Act does and what I like / dislike about it.  Below are some of the major provisions of this Act. The description of the Act are in [...]