Personal Finance Blog by Debit versus Credit

Today we’re featuring a guest post from moneybargainideas.com.
In a difficult economy, there are many creative ways to save money that don’t necessarily require searching for discounts or clipping coupons.
For example, do you have a beloved, but old chair that’s starting to look a little rough around the edges? Maybe a flea market find of a [...]

Many people have been comparing the current economic crisis that we’re facing to that of the Great Depression. While we are seeing some similarities between the Depression and the economic crisis of today, they are largely a different beast. In fact I’d like to argue that while the Great Depression seemed to have been largely [...]

If you’ve ever wondered how much money you’ll have at the end of a certain amount of time after investing in a fixed-income investment then this formula will come in quite handy. It’s called the compound interest formula and is actually quite easy to work with.
Future Return = P(1 + R)^T
Don’t be intimidated just because [...]

Ann R. writes:
I have a 5 year fixed rate mortgage loan that will be maturing April 1, 2009. The current balance is $20,500 and the rate is 6.75%.
I am no longer living in the property and have been renting it for the past three years (same tenants) and I resigned from my job in November [...]

I’m at a loss for words here. As you may have noticed I’ve lost most of my recent posts (within the past month and a half) due to some wordpress malfunctions and a little bit of being too hasty on my part. I am really bummed about losing so much of my hard work so [...]

Many of you know that I’m currently attending Arizona State University where I’m working on a Global Business/Financial Management Degree. Well I’m coming to the end of the line at ASU, as I am on track to graduate in May. I’m getting pretty excited to graduate and I’m hoping that I’ll be able to find [...]

Compound Interest Is The Most Powerful Force In The Universe.
There is a good chance that you have heard this quote before. Any guesses on who it was that originally said it?
If you guessed Albert Einstein then you are correct and you should absolutely reward yourself with something nice… maybe a cookie or some fudge.
So what [...]