Consideration provided by Compare the Market One of the reasons that I dislike payday loans so very much is because of the terribly high interest rates that the payday loan companies get away with charging.  Couple that with the high fees, and it doesn’t take a genius to see why most people who know anything [...]

It’s important to trust your financial advisor. A few years ago I caught a story on the local news about a financial advisor from my hometown who was arrested for violating that trust. He had been a financial advisor for many years and was charged with financial exploitation of the elderly. In one instance, he [...]

In the financial sector, there is a term that you have likely heard before.  That term is Float.  I’ll try to define it as it pertains to this article. Float – To use known time delays in processing of financial transactions to allow for extended time to cover cost of transaction. Much like any other [...]

Many of us have heard of debt consolidation loans.  Some of you might have even used one before.  They’ve gotten a bit of a bad rap over the last few years because they get associated with debt consolidation companies, some of which can be a bit shady.  But, they aren’t all bad.  And, in some [...]

I was reading a story somewhere where a person was being interviewed about their debt.  In the interview, the person was speaking about how they had this credit card debt and how they just couldn’t get out from under it because of all the interest, fees, and other ways that the credit card company throws [...]

That’s right.  Bull.  All these experts go on and on about calculating the opportunity cost of something and adding that in to your cost analysis when deciding whether you should do something yourself, or hire it out.  Heck, even I have used it before.  But, we’ve all taken it way too far. Let me ask [...]

Not to be confused with the scales that our friend Lady Justice carries around with her everywhere, the scales of finance are a bit different in function.  To truly weigh something, using a scale, you load up one side of the scale with that which you want to weigh and then put weights of a [...]

Recently, I got the chance to review David Bachs new book, “Debt Free for Life” (Look for the review coming up on Yakezie.com!). David was kind enough to answer a few questions that I send to him. Some great stuff in there as well! Here’s the interview: BB: Most of your previous books seem to [...]

The following is a guest post from Squirrelers, as a part of the 2nd Yakezie Blog Swap. The topic is “What is your best day-to-day money saving tip” Most of us who are personal finance bloggers and/or blog readers are interested in finding ways to save money. Over the years, we have been given advice [...]

My friend from work came into my cubicle with tears in her eyes. No, she was not being laid off. She was not having troubles with her boyfriend. She was not upset about anything work related. She admitted that she was being hounded by a debt collector. She owed $135 in medical bills that she [...]