Let’s contrast a real-life scenario of the borrower versus the lender that happens tens of thousands of times every day. A person walks into an auto show room and falls in love with that new car or truck that has everything he ever desired. The design is superb, the model fits his or her personality, […]

Of course, you think you have worked hard and deserve some extras, and perhaps you do – but don’t! Now is the time to say no and now is the time to give up the extra things you purchase that make you feel good. Will some of this involve saying no to some of your […]

The salesperson who pressures you to buy now should trigger a red warning flag in your mind. Consider the friend who drops by to give you an opportunity to invest in a red-hot deal. Unfortunately, you must decide today (they say) because they are going to start drilling for oil in the morning. Now you […]

Many lenders require borrowers to get credit life or disability insurance. It protects the lender if the borrower dies or becomes disabled before repaying a loan. For the borrower, however, it’s no bargain. According to the Wall Street Journal, insurers collect over $2 billion a year in premiums, but pay out only $900 million a […]

Extended Warranties Many merchants encourage customers to buy extended warranties when they buy autos, appliances or electronic items. They’re profitable for the merchants, who pocket up to 40 percent of the amount before sending the rest to the insurer. Don’t buy extended warranties on appliances or electronics. While you pay for them in advance, they […]