BLACK ONLINE NEWS NETWORK  www.blackfinancialtimes.com | Monday, Feb. 8, 2010  
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Forget the Mortgage, I'm Paying My Credit Card Bill (U.S. News & World Report)
U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ...
American Capital Agency says earnings rose in 4Q (AP)
AP - American Capital Agency Corp. reported sharply higher earnings for the fourth quarter of 2009 Monday as the government-backed mortgage securities it holds gained value.
Hanmi brings in financial adviser (AP)
AP - Hanmi Financial said Monday that it has retained Cappello Capital Corp. as a financial adviser while the company pursues strategic alternatives.
Goldman's payment demands on AIG probed: report (Reuters)
Reuters - U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc and other banks made on American International Group Inc , The New York Times reported on Sunday.
Consumer credit down in Nov. for record 11th month (AP)
AP - Americans borrowed less for an 11th consecutive month in December, paying off credit cards while increasing borrowing for cars and other products.
December consumer credit down for 11th straight month (Reuters)
Reuters - A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.
Is Your Spouse Frugal?

Living the frugal life is a lot easier when your spouse is frugal too, which is why I consider myself lucky to have snagged such a frugal guy. My husband bakes our bread; carries coupons in his wallet; and still drives the same 15-year-old car that he had when we met. Is your spouse frugal? Cast your vote in our poll.

Cheap Super Bowl Eats

Looking for some budget-friendly Super Bowl munchies? Give these recipes a try: Easy Egg Rolls Pan Pizza Dough Biscuit Popovers Oven Fries Ham and Cheese Calzone Crockpot Chili Vegetarian Chili Kettle CornCheap Super Bowl Eats originally appeared on About.com Frugal Living on Friday, February 5th, 2010 at 09:00:14.Permalink | Comment | Email this

February Freebies

Looks like February's going to be a good month for freebies. Here's what's up for grabs so far: Kashi is offering free samples again. Choose from Go Lean Crisp Toasted Berry Crumble cereal, a TLC Dark Chocolate Coconut Fruit and Grain bar (my pick) or Go Lean Crunch Honey Almond Flax cereal Cream of Wheat is also offering a free sample of their hot cereal. Choose from six varieties National Pancake Day is upon us once again. Get a free short stack of pancakes at IHOP on February 23 Lowes is offering a free Build and Grow clinic for kids on February 23. A Valentine-themed jewelry organizer is the scheduled project Home Depot has a free kids' workshop scheduled for February 6. This month's project is a car display Know of another freebie? Please share the details. Related Reading: Current Rebate Offers Earn Free Gift Cards through MyPoints Test Your Bargain Shopping Know-HowFebruary Freebies originally appeared on About.com Frugal Living on Thursday, February 4th, 2010 at 09:00:03.Permalink | Comment | Email this

Coming soon: Clearer credit card bills

Sometime after Feb. 22, when 2009's credit card reform law begins to take effect, you'll see changes on your monthly statements. The new format might tell painful truths, but it'll be good for you.

Will your Toyota's insurance go up?

Lawsuits against Toyota are beginning to mount after millions of vehicles are recalled. But calculating coverage rates goes beyond what you see in the news.

A newborn means new insurance, baby

Your family's addition needs to be covered -- and not just with a blanket. Take a close look at your insurance, and be sure to add the baby to your health plan.

Time to cash in your savings bonds?

Savers are hanging on to about $16.7 billion in bonds that are no longer earning interest. It's equivalent to stuffing money under the mattress.

Buying a home? Make lenders love you

With post-crisis credit still tight, you'll need to work harder to demonstrate you can handle a mortgage. Jump through these 5 hoops to prove you're worthy.

Financial Headlines

Ivy League Endowment Meltdown

Rethinking 529s

First Retirement Account: Aim To Get Rich Slowly

Public Pension Fund Returns Highly Suspect

When Financial Crisis Strikes The Bank Of Mom And Dad

Five Painless Ways To Save More Money

Latest Financial News

The 10 Dumbest Things Businesses Buy

How The Best Small Businesses Spend Money

The Biggest Small Business Competitions

A Precious Capital Source For Small Biz

Obama On Small Business: A Year Later

America's Best And Worst Banks

   

Saving & Spending

Watch for 'cash for clunkers' scams

'Official' owner wants cash for a clunker

Home equity can be used to buy car

How to spend extra money smartly

When a HELOC is used for a business

Credit

Prioritizing Your Debt Payments

Bill Me Later Faces Class Action Lawsuit

Do Bank Overdrafts Affect Your Credit?

How to Stop Living Paycheck to Paycheck

Looking for an Apartment? Beware Credit Report Scams

President Obama Addresses Student Loan Forgiveness

   

More Financial News

Prioritizing Your Debt Payments

Bill Me Later Faces Class Action Lawsuit

Do Bank Overdrafts Affect Your Credit?

How to Stop Living Paycheck to Paycheck

Looking for an Apartment? Beware Credit Report Scams

President Obama Addresses Student Loan Forgiveness

Other Financial News

Who Gets Bank Bonuses?

Ally Bank Adds Interest Checking

How to Investigate Mortgage Brokers

Credit Cards to Require Income for Loans

How to Switch Banks

Watch for Phony Banking Apps

 

EXPRESSIONS

Rev. Tell It Like It Is
Brothers and Sisters......God is not counting your tithes and offerings....God is counting the love in your heart....the more love you have in you, the more God you have in you....because God is Love!


Special Edition



  BLACK ONLINE NEWS NETWORK VIDEO
  BENJAMIN'S NEWS
Bargain hunters find a new way to save

In the day of the ubiquitous coupon — they are everywhere from your newspaper and in-box, to Facebook and your cell phone — the last thing we seem to need is a coupon Web site.


When a HELOC is used for a business

A couple wonders if interest on a HELOC is tax-deductible if the loan is used for an LLC.


Cure Your Holiday Hangover (The Motley Fool)

The Motley Fool - Went a little overboard during the holidays? Let's waste no time lamenting our overindulgences -- it's time to get those finances back in tip-top form.

Stock up on staples for pennies

This month's Frugal Sense winner spends mere pennies to stock up on staples like toothpaste.

'Distracted driving' gets more attention

As evidence piles up that using a cell phone while driving carries significant -- and often fatal -- risks, aggressive efforts are under way to end talking and texting behind the wheel.

Leaving your job? Don't forget your 401(k)

Question: I'm in my 30's and have a 401(k) from a previous job, 75% of which is invested in a variety of stock portfolios. Although my stock holdings have recovered a bit recently, I'm still down about ,000 from my peak balance. I'm planning to roll over this old 401(k) into either the 401(k) at my new job or into an IRA account, but I'm wondering whether I should do the rollover now while stocks are still cheap or wait until the market has recovered and then do it. What do think? --Todd Gerecke, Lynden, Washington

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  PRESS RELEASES THE WIRE
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