Category Archives: Mortgages

Money Columnist Opens Up About Personal Debt

New York Times economic columnist Edmund L. Andrews got real with his readers this week and shared an enormous secret: Even personal-finance experts aren’t immune to poor money management. In an article adapted from his upcoming book, he explains how easy it was for him to get in over his head in debt, starting with [...]

Mortgage Scams Proliferate in Hard Times

When newspaper headlines focus on the mortgage crisis and foreclosure rates, crooks’ ears tend to perk up. And that means more and more people are getting sucked into mortgage scams. Because government foreclosure documents are public record, many homeowners are receiving personalized letters filled with false promises of hope. The people who fall for these [...]

A Fun Way to Manage Your Debt

For those who have debt, paying off credit card balances, repaying college loans, and trying to figure out the best strategy for the mortgage  can seem like a pretty tall order. As we have reminded you here at Econ4U, getting out of debt is completely achievable, so long as you have a plan and educate [...]

Graduating in a recession? Econ4U is here to help!

If you are graduating from college in 2009, you’re entering one of the tightest job markets in decades. There’s no question that finding work is tough right now, but there’s no need to panic. Some planning and preparation now can go a long way toward smoothing your transition from school to employment. Career-advice blogger Lindsey [...]

Be realistic when managing your finances–what you didn’t learn in school

Terry Savage at the Chicago Sun Times provides readers with some basics on money management today. The bottom line is that managing your money doesn’t have to be complicated, and you don’t need to be a financial expert to have your finances in order. But you must “take the ultimate responsibility for your decisions.” Check [...]

Staying Afloat in the Economic Storm

Making monthly mortgage payments is getting harder and harder for many homeowners.  As the AP recently reported, home foreclosures increased by 81% last year.  Thankfully, Philip Brewer at WiseBread.com suggests six possible options for homeowners who are having trouble making their monthly mortgage payments. One such possibility is renting the house out: If you can [...]