Mending Your Broken Credit Heart, Post-ID Theft

Identity theft is on the rise. There were roughly 12 million new identity theft victims in the U.S. last year, according to the Javelin Strategy & Research 2013 identity theft report, and that number is up for the second straight year. That works out to one new victim every three seconds, and if you or someone you love was one of them, you need to take measures to repair your credit.

File a Police Report

When you learn your information has been stolen, go to the police and make a formal report of identity theft, even if you’ve already contacted your creditors. According to the North Carolina Department of Justice, a police report gives you protections under federal and state laws and helps assure your creditors you are not committing fraud, since the report is considered your sworn testimony that a theft occurred. It also provides you with a security freeze on your accounts.

File the report with the police department where the crime took place or your local police department, if that (Read More….)

Didnt Save for a Rainy Day? 3 Ways to Get out of a Financial Bind

Guest Post- Dixie S

Practically everyone knows that they’re supposed to put away money for a rainy day. In fact, having a substantial emergency fund is one of the keys to financial security. For many people who are recovering from a big financial setback or who are just starting out their independent lives, a rainy day fund is more of a goal than a reality. This means that when they get hit with a disaster, they will scramble to find a way to pay the bills. If this sounds like you, try the following three tips to get out of your financial bind.

Increase your income

The best way to get the money to pay for something is to earn it. Look for a part-time job that you can do around your full-time work schedule. Many bars, restaurants, and retail stores look for weekend and night-time help, and working a lot of hours will help you keep your expenses down. You may also want to consider offering your services as a babysitter, lawn mower, handyman, or even opening an online store to sell (Read More….)

Death of the Consumer

by MN Gordon Economic Prism

Something peculiar is going on.  One data point says the economy’s improving.  Another says it’s floundering.

Nonetheless, we strive to connect the dots and draw inferences as we go.  For example, according to data released Tuesday, manufacturing and construction spending is on the rise…

“Stronger-than-expected data on U.S. manufacturing and construction spending on Tuesday hinted the world’s biggest economy was gaining traction,” reported Reuters.

“The U.S. manufacturing sector grew last month at its fastest pace in more than two years, with the Institute for Supply Management’s (ISM) index of national factory activity rising to 55.7 in August from 55.4 the prior month.

“That comfortably beat expectations for 54, with the index at its highest since June 2011.

“A reading above 50 indicates expansion in (Read More….)

Spending Cleanse 2013

So it has come to this.

June Goals

1. No one needs any clothes. We just don’t. We’re good.
2. Tchotcke, extra “stuff” purchases of any kind are a no-no.
3. I will get my internet bill down. Oh yes. . . I will.
4. Entertainment purchases/expenses for this month are completely banned.
5. Eating out is also completely banned with a couple very slight, pre-planned outings.
6. The purchasing of extra, unneccessary and always unhealthy foodstuffs at the grocery store are also against the code.
7. Lowe’s & Home Depot trips: grounded.
8. No Chinese for me.

Can we talk about what I’ve learned through all this? Again?

-I’ve learned that shopping was actually a hobby for me. And I missed it when I first cut myself off. And on that note,

-I’ve learned that in my attempt to completely organize and declutter my house, coupled with curbing excessive spending, is that my past need to purchase and collect “stuff” is absolutely counterproductive to organizing a home. Not purchasing “stuff” and keeping a home organized are 100% connected. Read more of this fantastic post at (Read More….)

How A Bridging Loan Will Help You In The Long Term

At one point in time, you might be faced with financial difficulties and the only way out is by getting a loan that will ultimately help in solving your financial problems. One such type of loan is a bridging loan that is usually a type of loan that will help you to take care of your urgent financial needs. In most cases, a bridging loan is usually taken for a period not exceeding 12 months. Therefore, if you’re in a situation where you cannot benefit from a long term loan, a bridging loan would come in handy. Even though there would be no need to provide a proof of your credit worthiness, you are always required to provide some form of security.

If you happen not to be conversant with this type of loan, it would be prudent not to allow yourself to fall prey to some misconception or hearsay that is fuelled by other people. This is because you will often find that these people do not fully understand what a bridging loan is all about and how it works. Even though this loan is usually provided on a short term basis, it can also help you to solve long term needs. This is because it will allow you to solve those short term problems which will help you to (Read More….)

How You Can Create an Emergency Fund

Household budgeting can be intimidating, mainly because people envision having to create a giant spreadsheet and track every penny they spend. It’s easier to think of budgeting as planning, with at least a general idea of your fixed expenses and how much you typically need for unexpected expenses monthly, along with what you’d like to be able to spend on discretionary purchases. You’ve heard it before from the experts: a vital part of your household budget2 is an emergency fund. By having a basic understanding of your income and outgo, you can begin to set aside money to build that fund.

Start With an Emergency Fund

An emergency fund is a savings account that typically consists of three to six months’ worth of fixed expenses, money that you can use in the event of a job demotion or loss, a big medical expense or an unexpected repair whose cost exceeds what you can pull from your checking account. In a recovering economy, it can be tough to think about setting aside enough for an emergency fund, and if you don’t have the funding (Read More….)

How Gold Storage Works

Gold is the ultimate value of any currency capital. Governments, companies and individuals leverage on gold for their capital and liquid cash investments against possible financial collapses and currency crushes. In the yesteryears gold used to be an exclusive preserve of the few “haves” but nowadays the proliferation of knowledge has opened up many doorways for ordinary people to invest in gold.

Picture Credit- Royal Canadian Mint On Amazon

Ordinary people can invest in gold. Even though many doorways have been opened to enable people to access this precious metal, gold is still a closely guarded metal. Some countries have opted for gold as their currency for making international payments. Various economies around the globe are well known in gold production and exportation. No (Read More….)

Overloaded with Debt and No Jobs to Be Had

By MN Gordon Economic Prism

The Federal Open Market Committee met on Tuesday and Wednesday.  The masses waited with anticipation.  What did they talk about?

Generally, they talked about price controls.  More exactly, they talked about controlling the price of the economy’s most important and fundamental element…its money.  By controlling the price of money they can influence the price of every single good and service there is.

Some believe this is for the good of the people.  That it will somehow boost consumption and stimulate demand.  That it will create a new hiring boom.  We have our reservations.

When it comes to the Fed, they believe – or at least pretend to believe – that with just the right policy mix the economy will be restored to glory.  But what’s the right mix…and how can a handful of bureaucrats with a handful of charts ever know what it is?

After several days of belaboring (Read More….)