Today a story broke regarding a woman named who hired an attorney to sue the Securities and Exchange Commission over their role in the Bernard Madoff Ponzi scheme scandal.  Phyllis Molchatsky, a 61 year old retired woman who worked in administrative capacities for a financial services firm gave Bernard Madoff nearly all of her life [...]

Late last week, NBC dedicated some of it’s morning airtime with the Today Show to do a segment on credit skimming (and debit skimming).  There was some interesting reporting especially when it comes to the ease of swiping the info from a credit or debit card.  Security expert Jim Stickley showed just how easy it [...]

I finally got on board the Twitter bandwagon.  Seems that there are so many social networking sites it’s tough to keep up with them all!
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Congratulations to Nickel @ fivecentnickel.com.  The blog got a mention as well as some screen time on CNBC’s On The Money on Friday December 17 [...]

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Your credit cards are maxed out.  Your mortgage is spiraling out of control.  You have fallen behind on your car payments.  Then you see a commercial on television for a debt-consolidation company that promises to reduce your debt by 50% and they will fix your credit overnight.  You call them, looking [...]

There are generally two schools of thought when it comes to paying down debt: pay off the highest balances first and pay off the balances with the highest interest rates first.  But neither of these methods addresses the true issue on their own, which is minimizing interest payments in order to pay down the principal [...]