The Latest Debt & Finance Blog

Frugal Man ‘Turned On’ by Discounted Flooring, Free Installation

By Bill Fay | August 16, 2013

I like surprises. Whether you’re aware of it or not, you do too, or at least your brain does. Neuroscientists from Emory University and Baylor University conducted research that proves…

Frugal Man’s Drink of Choice: ‘Water, Please’

By Bill Fay | August 9, 2013

Being a frugal family is a team sport. Everyone has to agree in practice, if not in principle, that saving money is a really good idea. The principle part is…

Congress Approves Student Loan Bill, Sends to Obama

By Bill Fay | August 1, 2013

The U.S. House of Representatives on Wednesday ended a prolonged debate in Congress with an overwhelming 392-31 vote supporting the Senate’s plan to rework student loan interest rates. The Bipartisan…

Frugal Man’s Golden Advice: ‘Nobody Ever Got Rich Spending Money’

By Bill Fay | July 31, 2013

When I was growing up, I thought starting out with limited means made you an ideal candidate for becoming frugal. It turns out the exact opposite is true, at least…

Introducing the Frugal Man: Why Are Hamburgers So Expensive?

By Bill Fay | July 25, 2013

I took my wife out for dinner at a local burger joint last night and was a little annoyed on the drive home as I contemplated the bill: $10.81. I…

Senate Proposes Plan to Lower Student Loan Rates Now, Raise Them Later

By Bill Fay | July 18, 2013

The U.S. Senate late Wednesday reached another deal to reset student loan interest rates, but it is unclear when that proposal will reach the floor for a vote. Interest rates…

Is Debt Affecting our Economic Freedom?

By Bill Fay | July 3, 2013

As we approach July 4, the 237th anniversary of our nation’s independence, it’s also worth noting that our country is in its fourth year of a sluggish recovery from the…

Financial Dangers Parents Face When Adult Children Live at Home

By Bill Fay | June 21, 2013

The American Dream is the ideal where parents work hard so they can own a home, send their kids to college and watch them grow up into happy and fiscally…

Working for Free Is a Valuable Option to Unemployment

By Cecillia Barr | June 13, 2013

Finding a job isn’t easy these days. We all know that. The Bureau of Labor Statistics shows the unemployment rate for May was 7.6 percent — a figure virtually unchanged…

Feds Continue Cracking Down on Dishonest Debt-Relief Companies

By Bill Fay | June 13, 2013

One of the ways in which debt-relief companies serve their clients is by negotiating debt settlement agreements with creditors with the goal of reducing the amount of money owed. When done…