There’s no denying 2008 was not a great year for the economy. With the credit crisis, skyrocketing foreclosure rates, and an increase in job losses it was a tough year for many of us. But will 2009 get better? It depends on which economist you ask.
2009 Will Be Worse
According to reports, Credit Suisse is forecasting [...]
Monthly Archives: December 2008
Economic Outlook for 2009: Better or Worse?
December 30, 2008 – 9:54 am
FHA Loans a Good Option if Credit Score is Low
December 23, 2008 – 12:03 pm
Remember when just about anybody could buy a house? Well, those days are gone and now an option that wasn’t so popular when mortgages were for everybody has suddenly made a comeback. FHA (Federal Housing Administration) loans were created in the 1930s to help wedge the country out of the Great Depression. Recent statistics show [...]
Is Layaway Right for You?
December 16, 2008 – 12:03 pm
Turns out layaway is making a comeback. This year, holiday shoppers that are strapped for cash and leery of putting more purchases on their credit cards are turning to layaway as an option. It was a popular choice back in the 1970’s, before credit cards were found in just about every wallet. What is it? [...]
Five Things to Do When You Lose Your Job
December 11, 2008 – 10:08 am
Jobless rates soared in November, according to the Bureau of Labor Statistics. Another 533,000 people lost their jobs bringing the unemployment rate to 6.7%. If you have been out of work for a while or just got laid off here are five things you should be doing.
1. Take advantage of resources. There are plenty of [...]
What To Do With Your Year-End Bonus
December 4, 2008 – 5:26 pm
As the end of the year approaches, so does that special time of year when employers hand out bonuses. If you’re lucky enough to be receiving a year-end bonus this year, it’s time to plan ahead and figure out how you’re going to spend it (or save it.) Sure, it can be tempting to blow [...]
