From the monthly archives:

July 2008

image by Ryan

I’ve been slowly working my way through, “Your Money or Your Life”.
The current chapter that I am in discusses the “virtue of thrift” that Americans have traditionally held as gospel. The prosperity of the ’90’s and of course the real estate boom didn’t help the “hip” factor of frugality.
For young adults (like [...]

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PF Challenge Tournament Begins: Round 1

by debt kid on July 30, 2008

The PF Challenge Tournament is a double elimination tournament involving 16 personal finance bloggers.
Round 1 Begins today!
Please complete Round 1 by Friday, August 1st.
If you have not done so, befriend the other contestants on facebook. Their profiles are all listed here. Each matchup will consist of one complete game. Each game has a total of [...]

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My biggest problem right now is not making money.
My biggest problem is how to best make the most money, and manage my time knowledge and skills.
Looking at my business deposits this month, I’ve pulled in around $8500 this month. And my margins keep getting better as my new projects have less overhead than ever.
Lots of [...]

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Who is the most financially savvy PF blogger?
It’s time to find out.
Tournament Style!
I’ve been working with Lending Club on an incredibly addicting application, “The PF Challenge”

Prizes
* more prizes are possible. These are the only confirmed ones so far!
1st Place – $300 Lending Club Account
2nd Place – $200 Account
3rd Place – $100 Account
4-6th Place – Lending [...]

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Foreclosure Suicide. Tragic. Sad.

by debt kid on July 24, 2008

A women in Massachusetts killed herself and was found in her home 90 minutes before her foreclosed home was to be auction off. From the Boston Globe,

Police say that Balderrama shot herself Tuesday afternoon 90 minutes before her foreclosed home on Duffy Drive was scheduled to be sold at auction. Chief Raymond O’Berg said [...]

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Month to Month Lease Approved!

by debt kid on July 23, 2008

Lots of good news today.
I talked with my Landlord and we both agreed on continuing my lease at the current rate, only month to month!
Awesome.
It’s a small weight off my shoulders.
My landlord also said I was, “the perfect tenant”. I guess always being early with my payment has helped. I’m so lucky that I found [...]

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Having gone through a short sale of my home, I know how long and frustrating the process can be.
For homeowners with Countrywide loans, the process has been terrible.
It sounds like things are finally starting to change. I’m not sure if this has to do with the Bank of America takeover (likely), but according to two [...]

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How I Avoided Bankruptcy

by debt kid on July 22, 2008

This is a guest post from Debbie. Debbie Dragon is a writer for Creditorweb.com, where she writes about credit card offers, rewards programs, and general financial topics.
* * *
I’ve been reading the debt kid’s story with interest… how he came to be in as much debt as he is in and then decided bankruptcy [...]

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It feels good to be back.
My week-long vacation is over, and although I did work a bit last week, I mostly stayed away from my computer and away from my work. I’m back in Seattle now and feeling refreshed and energized to take on my ongoing battle vs. my 300K debt.
You’re going down debt. Your [...]

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Taking A Vaction. From My Problems!

by debt kid on July 16, 2008

Not sure if anyone has ever seen “What About Bob?”….great movie.
Anyway, I’m taking a few days away from work this week. I haven’t had a true “vacation” for nearly 2 years, and I really need it. So, I’m down in Portland for a few days and will be back and up to speed next week. [...]

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