Personal Finance and Money Management

The big news on the economic front is that the Federal Reserve has decided to launch a second round of “quantitative easing” – dubbed QE2. If you’re not familiar with the concept of quantitative easing, Jim at Bargaineering has a nice overview.

The ultimate goal of QE2 is to pump more money into our financial system to avoid deflation. On Thursday, USA Today took a closer look at what this is likely to mean to you.

A weaker dollar

If the Fed starts circulating more dollars, then it stands to reason that each dollar with be worth less. If you’re a manufacturer, this is good news, as it makes US exports cheaper. Of course

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Buying a car is the second largest purchase most consumers will ever make.  If you are in the market for a vehicle, one of the primary questions to start with is whether to buy a new car or used car.  (Or did you forget to even ask this question?)

Different situations – effectively, different people – dictate different actions. Here are six individual situations on whether to buy new or used:

Two People Who Should Buy New Cars

Thanks to the credit crunch, the recent economic recession and the rising cost of education, student debt is more prevalent than ever. Between credit cards and student loans, many graduating seniors will have as much as $50,000 to $60,000 in debt that has to be repaid.

Here are a few strategies that can be used separately or together to curb your debt and get you on track to financial stability and better quality of life.

1) Get a free debt consultation.

There are tons of services such as Credit.com’s free debt consultation service that match you up with a licensed and certified financial professional. W

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Is consolidating your debt necessary?

Having a credit card has become a very prestigious thing today. The number of credit card holders is on a rise especially in UK and most of the western countries. People tend to have eight to ten different credit cards in their pocket. People make unnecessary purchases more than what they can actually afford. This has resulted in tremendous increase in credit card debts.

If you owe lot of loans and debt to creditors and are paying high interest rates on credit cards debts, then consolidating your debt can only help your cause. You can consolidate your debt using a debt consolidation or debt management program.

If a person happens to carry his balances for the next month he will have to pay more than the charge to the card.

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