Reports out of the Congressional Oversight Panel have indicated that the HAMP (Home Affordable Modification Program) project has not lived up to expectations. The program, which began in March of 2009, when the Obama Administration published the Making Home Affordable (MHA) Program, gave mortgage services the tools necessary to begin defaulted loan modifications in the...
Category: Budgeting
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How Making More Money Can Drive You Into Debt, and How to Avoid It
You’ve probably heard stories of people who have made vast sums of money and found that with every pay raise and paycheck, their costs increase, their savings diminish, and their debt mounts. It seems counter-intuitive, doesn’t it? Why should making more money actually cause a financial burden? One of the main reasons why making more money...
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Why Buying a New Build House Will Save You Money
When you are looking at new homes, a lot of decisions need to be made. Maybe you are expanding your family and need a home that fits your needs, or perhaps you are getting to an age where a simpler home is what you desire. Regardless of the reason, choosing a new home is a...
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The Endowment Effect-A Really Difficult Challenge
Biases distort our view of the world and lead us to make wrong investment decisions. When written down simply, we can laugh at the simplicity and boast that we would never be taken in. However, it will happen to you time and again. Let me illustrate with two stories, one personal and one involving one...
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Why You Need To Be Aware of Mental Biases
We all have biases that restrict the way we manage and profit from our savings. The way we think and the mistakes we make are studied by behavioural scientists and it is important to be aware of these challenges when we are making investment decisions. The first bias we need to address is the tendency...
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How To Get the Stock Market Right 6 Months In a Row
Imagine receiving a letter at the start of the month predicting that the stock market will rise. Just another cold sell so you bin it and probably won’t recall it when the market does indeed rise. Then the next month, a similar letter is received but this time it says the market will fall. This...
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How Can We Believe That U.S Recovery Is Not Too Slow?
It’s clear to see that the US economy is not growing at the rate the central bank wants it to. After the recession and the financial crisis, it’s understandable. Fortunately, as per reports and statistics available, the US economy is recovering at a much better rate than any other economy does after a financial crisis....
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Voucher Codes Have Revolutionized the Way We Shop Online
Everyone is looking to get a discount these days, once you’ve used a voucher code to save money on your online shopping, you’ll want to do it again and again. While you love voucher codes, you may not know everything there is to know about them. Here are 9 things you didn’t know about voucher...
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Pay Off Your Debt In 5 Easy Steps
You can pay off your debt in 5 easy steps. You might be reading that thinking that it can’t possibly be true, considering how much debt you are carrying. Before you resign yourself to paying high-interest rates and making minimum payments for the rest of your life, you should at least give this plan a...
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Make Sure Your Possessions Are Covered Against Theft and Damage.
Picture this with me, you arrive at your new student accommodation excited about living away from home for the first time. Your new housemates are great, your new place is right at the heart of student life and there is a massive buzz about the place. Everything is starting so perfectly, you want to keep...