While waiting in line at my bank, I accidently dropped a credit card on the table we were slowly circling. The card rested there for a few minutes before I realized it was missing and retrieved it. But that’s all the time it took for someone to replicate my card numbers and damage my credit. The next 14 months were run by the credit card that went astray.Have you experienced anything similar? Your credit history could be ruined by someone hacking into your computer or opening credit accounts in your name. The police might knock on your door, search warrant in hand, because your name, address and phone number have been connected to a Web site containing child pornography.

Read more ...

Teaching children the value of money and financial responsibility is one of the most practical and important lessons children can learn. Our consumption-driven society has never been more fiscally irresponsible. In 2006, the savings rate was a negative 1 percent! So on average, people not only spent every dollar they made, but also had to either go into debt or draw on their savings to spend even more. There hasn’t been a savings rate this low since the Great Depression. Of course, during the Great Depression, the unemployment rate was at 25% – today it’s less than 5%. Back then, people were forced to spend more than they earned just to take care of their basic necessities.

Read more ...

I needed some money for food and stuff.

I looked into my "impressive" checking account into which my pay gets automatically deposited and saw $2.63 in it and my account for spending had .93 cents in it (which was an improvement from the .84 cents that was in it at another point.) I had some plans to make a trip to go visit a Jewish friend in another state for the week of my birthday that was coming up.

Read more ...