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Monthly Archives: February 2009

Watch Out For Debt Relief Scams

In personal finance, things don’t always go as planned. If your finances have gotten off track in this economy, you’re not alone. Recovering from debt takes patience and hard work, but it is possible. Unfortunately, there are a lot of companies trying to take advantage of consumers by offering bogus “debt-consolidation” services. You may have [...]

Choosing Colleges and Majors in a Tough Market

Michael Stahl’s article in the Kansas City Star considers the bad market for 2009 college graduates and offers some advice for incoming freshmen. This article made me think. What advice through the lens of personal finance would I give to incoming freshman choosing a major, career, or school? Here’s three pieces of advice that I [...]

President Obama calls for stronger financial sector regulations

In his State of the Union address on Tuesday, and at a separate announcement unveiling a federal budget proposal on Wednesday, President Obama acknowledged that government aid to banks for a financial crisis that “was not inevitable” remains very unpopular. He also recognized that the availability of credit is essential to retain jobs in the [...]

Graduating in a recession? Econ4U is here to help!

If you are graduating from college in 2009, you’re entering one of the tightest job markets in decades. There’s no question that finding work is tough right now, but there’s no need to panic. Some planning and preparation now can go a long way toward smoothing your transition from school to employment. Career-advice blogger Lindsey [...]

Need real debt help?

Ask Dave Ramsey. Dave’s nationally syndicated radio show helps Americans who are interested in getting out of debt. Yesterday he discussed Econ4U’s survey which showed that 35% of Americans admit that they don’t have a plan to get out of credit card debt by the end of 2009.

How much does an actor really make?

We have movies on the mind at Econ4u following Sunday’s Academy Awards. Watching everyone from the uber-wealthy Brangelina, to the resurgent Mickey Rourke, to the first-time stars of Slumdog Millionaire, I was left wondering how much of their mega-salaries actually end up in their bank account. Let’s look for example at Mickey Rourke. Following his [...]

Mickey Rourke: Probably Not a Good Financial Role Model

In light of last night’s Oscar ceremony I thought I’d highlight one of the Best Actor nominees, Mickey Rourke. Rourke has been a star in Hollywood for years, of course, but during the 80’s his career began to fade until Rourke’s triumphant return to fame with this year’s critically acclaimed film, The Wrestler. As Rourke’s [...]

Credit Cards: Use ‘Em or Lose ‘Em?

Many people have accumulated a wallet full of rarely-used credit cards. After signing up for a few airline mile rewards cards, cash back promotions, etc., it’s not uncommon for Americans to have 20 or 30 cards in their name, and to use only one or two of them. Canceling unused cards that charge an annual [...]

The Right Idea; the Wrong Follow Through

Thursday, Virginia’s Board of Education set new graduation standards for high school students. Among these standards is a requirement for classes in economics and personal finance. Before you give the board a round of applause, read this part of the decision: Guidelines for the course have not been developed, but teachers in history and the [...]

What’s in the economic stimulus package for you

For the past few weeks, news on the Hill has been dominated by negotiations over the$787 billion  economic stimulus package, which President Obama signed on Tuesday. While the bill addresses a range of issues and players in the economy (from small businesses to state government funds), in terms of personal finance it’s helpful to understand [...]