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• Saying no when people want to borrow money

  Posted May 08 2008, 05:21 PM by Karen Datko
  Filed under: Debt, Spending, Family, Wise Bread
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  This post comes from Xin Lu at partner blog Wise Bread.

  I think most of us have been asked to lend money to someone we know. No matter how close you are with the potential borrower, there are certain situations when you just have to say no.

  Here are some of the times I think you should absolutely keep your money for the sake of your relationship with the other person and the well-being of both parties.   Read More...

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• Living within your means isn't nasty

  Posted Jan 30 2008, 06:24 AM by Karen Datko
  Filed under: Debt, Spending, Saving, Wise Bread
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  This post comes from Philip Brewer at partner blog Wise Bread.

  How bad could things get? The New York Times asked that question about the economic situation. It's a good question, but they gave a really bad answer.

  Here's what The New York Times had to say:

  "How bad could things get? Pretty bad, say many economists. Not so bad that your grandfather's prescriptions for enduring the Great Depression need dusting off, but nasty enough to force many Americans to get reacquainted with living within their means. That could make life uncomfortable."

  OK, the title of this post is unfair. Peter S. Goodman (the author of the piece) didn't say that living within your means is nasty; he said that about the economy. He said living within your means is "uncomfortable," but that's still completely wrong.

  Living within your means is the only comfortable way to live.   Read More...

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