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Can you afford your used car?

2009 Pontiac G8 GT X09PN_G8008

Many people choose to purchase a used car for obvious reasons – it’s cheaper than buying a new car of course. Still, that doesn’t mean every used car purchase makes financial sense, particularly when you are borrowing to pay for it.

This article explains why many people can’t really afford the used cars they are buying.

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What’s next for gold?

stacks of gold bars

What’s next for gold? Who knows? The only certain thing is that you shouldn’t be getting advice from right wing nuts and Tea Party nuts who tried telling you the world was coming to an end. Did you see all those stupid commercials on Fox News when Glenn Beck was selling this stuff?

Here’s a good article that takes a hard look at where gold might go next after crashing the past three years. If you’re thinking of investing in gold, don’t take advice from clowns who are trying to convince you to buy it.

  

Mortgage debt moving in right direction

Henry Blodget highlighted this interesting chart from Bloomberg, which notes that American homeowners are nearly back in the black when it comes to aggregate mortgage debt. Read the article and you’ll see it’s still a complex picture, but rising home prices and the slow process of de-leveraging mortgage debt are definitely heading in the right direction. For many families, this will have a significant positive effect on their personal balance sheets.

  

Should you borrow money to pay for your wedding?

ID-100177638 wedding couple
Free image courtesy of FreeDigitalPhotos.net

The answer to this question is simple . . . No!

This was recently addressed recently in a newspaper advice column, and Teresa Dixon Murray gave a very logical answer. Starting off your marriage with debt is a terrible idea. Consider eloping, or instead a very frugal wedding.

Now, nobody is saying this will be easy. Grooms will have to deal with their bride’s fantasies about what their wedding should entail. But that also offers a perfect opportunity to discuss a budget. Many young couples don’t deal with this before marriage and that leads to a host of problems. Having these discussions now is critical and both of you will learn things about one another and how you might be able to manage money together.

Once you have a budget, you can do all sorts of research to find deals or creative ways to handle different aspects of the wedding.

These are big decisions, but taking the easy way out by getting a loan is the wrong way to handle it.

  

Places to retire abroad

This video covers 5 options for Americans who want to retire abroad, focusing on Costa Rica, Italy, Spain, France and Ireland.