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Walking away from your agreements when you have the capacity to fulfill them is morally wrong, akin to lying.

By Karen Datko Jun 3, 2010 10:13AM

This post comes from Trent Hamm at partner blog The Simple Dollar.


Kelli writes in:

My husband and I are sitting on a 30-year mortgage (with 26 years left to go). We still owe $330,000 on our home. A week ago, a very similar home to ours two blocks away sold for $220,000, so we're underwater by at least $100,000. We are thinking of just walking away from this mortgage and renting an apartment for a while until our credit clears up. What do you think?

First of all, there's a strong personal moral element to this type of decision. Is it morally wrong to walk away from a mortgage?


This plan really takes no more self-discipline than you have to muster to make your loan payments.

By Karen Datko Jun 3, 2010 8:41AM

This guest post comes from "vh" at Funny about Money.


The other day while a friend and I were chatting, the subject of buying cars came up. When I mentioned that I pay for my cars in cash, he expressed some awe: The very idea of not having to make car payments was so far outside his ken it might as well have come from Mars.

"Who can pay for a car in cash?" he wondered.


You can. I can. Anyone can.


You may not be able to pay for your present car in cash, but you can pay cash for the next one. Here's the strategy:


How to avoid getting bumped, and make the most of it if you are.

By Karen Datko Jun 2, 2010 6:23PM

This Deal of the Day comes from Kelli B. Grant at partner site SmartMoney.


Air travelers may soon be entitled to more compensation for getting bumped from a flight.


A proposal released by the U.S. Department of Transportation would raise the maximum reimbursement airlines are required to pay travelers involuntarily bumped from overbooked domestic flights to between $650 and $1,300, up from a range of $400 to $800.


6 million Americans survive on food stamps and no other income. Former restaurant critic Ed Murrieta is one of them.

By Karen Datko Jun 2, 2010 5:21PM

Some food writers take the ultimate dining challenge -- eat only the subsistence diet provided by food stamps -- on a lark, or because their cigar-chomping editor tells them to.


And then there are the food writers who have to -- namely Ed Murrieta, who left a newspaper restaurant-critic job with a $1,300-a-month expense account to start his own website. ". . . and when my entrepreneurial dream fizzled along with the economy, my food budget -- my total income -- plunged to $200 a month," he wrote in a first-person account for The Seattle Times.


AT&T is starting what could become a disturbing trend: Eliminating your ability to pay a flat fee for unlimited Internet usage.

By Stacy Johnson Jun 2, 2010 12:20PM

This post comes from Stacy Johnson at partner site Money Talks News.


If you're planning on getting an iPhone, iPad or other Web-surfing wireless device from AT&T, don't plan on unlimited Internet access for a low monthly fee.

On Monday, June 7, AT&T will stop offering unlimited Internet access for new smart-phone customers.


National Doughnut Day, which is today, honors the sweet treat's role in American culture. You can thank the Salvation Army.

By Teresa Mears Jun 2, 2010 11:26AM

If ever a food deserved a national day, it's the doughnut.


Once an icon of American culture, the poor doughnut has lately been much maligned, used as an example of everything that's wrong with American food.


Friday is National Doughnut Day. Let us remember the doughnut's place in our history. Yes, there is free food involved.


Start first with what you can afford for rent. There are several ways to figure that out.

By Karen Datko Jun 2, 2010 10:58AM

This post comes from Jim Wang at partner blog Bargaineering.


Why am I writing a post about how to find an apartment? It seems so easy, right? Look around in the areas you like, pick a place, sign a lease, and you're done.


Unfortunately, while it seems very easy, the process is fraught with ways you can get screwed.


They can do everything from gripping lids to securing bed slats, and keeping paint cans nice and neat.

By Karen Datko Jun 2, 2010 9:39AM

This post comes from Paul Michael at partner blog Wise Bread.


The simple rubber (or elastic) band is one of those nifty little items that cost next to nothing and yet have so many uses. There's always a bag of them in our junk drawer, and I also make sure my office drawer has a plentiful supply, too.

But just how versatile is that modest rubber band?


Well, I thought I'd do a little digging. Myscha listed eight great ones already. I have my own uses, of course, and they represent a good chunk of the following list. But I wanted to know how other people use them. I was genuinely surprised at some of the responses I got.



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