Bloggers hold different views.
It's a sign of the times that Web sites have sprouted up telling people how to walk away from homes they can no longer afford or -- in some cases -- are no longer willing to pay for.
While some sites trumpet offers to buy homes from stressed-out owners, another one sells a foreclosure kit. California-based YouWalkAway.com says its kit will enable you to stay in your home "for up to eight months or more without having to pay anything to your lender!" It also says: "With our money-back guarantee, you get it all for only $995."
The list of services provided is stuff you can do on your own if you're so inclined. And the steps won't eliminate the damage foreclosure does to your credit score. Writes blogger Sam Glover at Caveat Emptor, "Foreclosure ain't pretty, folks, no matter what this Web site would like you to think."
You might not want to answer it truthfully.
Seriously, are you going to answer that one honestly? "I'm a compulsive liar." "I chew my cuticles until they bleed. It makes a real mess at my desk." Or how about: "I'm obsessed with all things George Clooney. I have his face tattooed on my rear."
FMF also offers some humorous possibilities, including "I like to sleep on the job since I find the sounds of office machinery to be soothing."
You'd be a fool to be honest about your worst weakness or fault, he says, so what's the best way to answer that question?
Patience, strategy and the occasional gamble are keys.
This post comes from partner blog Blueprint for Financial Prosperity.
Having grown up on Long Island, I didn't have many opportunities to watch NASCAR on television, so I never truly understood the intricacies of the sport. Since college, I've come to appreciate the difficulty of NASCAR and the skill it requires.
Last weekend I was watching a few laps of the Goody's Cool Orange 500 at Martinsville Speedway, and I finally understood why NASCAR fans love the sport.
By the way, for all the junk people say about NASCAR not being a sport, I dare you to tell a trucker to get a real job. Driving 500 laps requires an unreal amount of time. Can you imagine the concentration and endurance it takes to go 500 laps at nearly 200 mph, constantly maintaining vigilance, and your life constantly at stake? If you accept golf as a sport, NASCAR certainly is a sport.
Do you know how to swim, perform CPR or jump-start a car?
Marc at Marc and Angel Hack Life says his list of "50 things everyone should know how to do" is far from inclusive. Oh dear, because there are a number of things on the list of 50 that we need to get cracking on.
This list of essential skills is impressive and, better yet, entertaining. Marc's brief explanations about why you should know each thing often have just the right amount of sass. (Our pick for No. 51: Know how and when to be sassy.) For example, Marc writes: "Swim -- 71% of the Earth's surface is covered by water. Learning to swim might be a good idea."
Plus, Marc provides helpful links that can help you master each vital skill.
Challenge participants learn that it's not easy -- or nutritious.
The $25 Challenge is over in Illinois, and we're sure the participants are thrilled about that. They agreed to spend no more than $25 on food for a week -- that's about $3.50 a day -- and blog about what they learned during the experience.
It was a real eye-opener for most. When you have so little money for food, you realize that "there is food all around you, all the time, but you can't eat it," wrote Frank Finnegan, who was planning yet another dinner of ham and beans. He added, "Forget nutrition. When shopping, the only thing that matters is price."
He makes a number of good points. It is difficult -- but not impossible -- to buy fresh vegetables and fruit when you're working with a tiny food budget. And you'd better make sure you can stomach repetition in your diet. You quickly learn that when you're buying and cooking in bulk to stretch limited dollars, food becomes a means to get necessary calories rather than a delicious treat.
You might be a star, but you're still expendable.
- Bing: More on Brett Favre
Backstory, short and sweet: Green Bay icon Brett Favre retires, changes his mind, but the Packers have already transitioned to another quarterback. Favre will wear green this season, but the logo will be that of the Jets.
So what does this have to do with personal finance? RacerX says:
Actually, that makes a lot of sense.
On the one hand, this is a point worth repeating because it seems to surprise most people. On the other hand, the post neglects to mention an important exception, and, moreover, feeds into the belief that this is an irrational fluke of the tax code. It isn't. It makes sense.
You owe Credit Card Corporation (CCC) $5,000. Realizing you are unlikely to pay them back in full, and now regretting lending you the money to begin with, CCC agrees to settle the debt for $2,000 cash. You sell your PEZ dispenser collection on eBay and send them a check.
Blogger cut off a charity that pushed too hard.
Has a charity ever pushed and annoyed you to the point that you've cut them off?
When do you draw the line at giving? When they've hired a telemarketing company that pesters you, or if they send you too much mail?
"FMF" of Free Money Finance raised the question in a recent post called "Off my giving list." He stopped giving to a group he had generously supported because a telemarketer who called his house wouldn't take no for an answer.
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