Average Joe’s Money Blog
-Our resident bloggers, AverageJoe and OG, writes what informative and interesting posts at least three days a week.
Monday through Thursday - They bring financial planning news, strategies and tips.
On Fridays Joe shares his choice for the Blog Post of the Week!, where he crowns a blog writer as the winner in his soon-to-be-esteemed competition.
It is said of legal affairs: one who represents one’s self has a fool for a client. A similar sentiment is often expressed about matters of health. This runs counter to the do-it-yourself, uber-independent facade of the stereotypical American. We like to think that we can do anything ourselves, as if performing difficult tasks without assistance is some sort of virtue. Perhaps this explains why so many men, (and from my observation, women) have such a difficult time pulling over and asking for directions despite the fact that they are...read more
Payday loans often lead consumers to massive financial debt and even more budget problems. There are ways to get out from under an online payday loan. Keep in mind that some are not traditional and may not be the right way to really go about things, but the process actually works. It is also important to understand why people get payday loans. One of the best things to do is discuss your financial inability to repay all at one time and attempt to get an extension. Loan Facility Not Licensed in your State Now, it is important to read the fine...read more
Thinking about getting a new vehicle? American car companies are eager to make deals following the recession, which saw sales drop and the age of the average car on US roads rise to 11.4 years according to Edmonds. com. But overall car sales have recovered, according to Zacks.com, up 8 percent from 2012 to 2013. Financing requirements have eased as well. If you feel ready to update your ’04 ride for a ’14 or ’15, this is probably as good a time to do it. The sales force is certainly ready for you, so it’s best you...read more
Most people equate being busy with being industrious. “If you have something that needs to get done,” the old axiom goes, “assign it to someone who’s busy.” People love to boast about how busy they are, but busy-ness and productivity don’t always go together. Psychologists also say that idleness is one of the main reasons people are unhappy. However, even though Americans are busier than ever before, only only one in three describes him or herself as “very happy.” Many factors including technology, social networks and consumerism drive people...read more
The pace of telephone technology amazes me. Only 30 years ago you were the exception if you carried a “cell phone.” Now you can do pretty much anything on your phone. You can check the weather, do your grocery shopping online, have a business meeting seeing your client’s face on video without having to travel eight time zones, and even dictate a text so the phone writes it for you when it gets too complicated to thumb it. The pace of change has been fast and has dramatically changed how we use technology. Well guess what? I’ve...read more
When it comes to hiring new employees, it can be easy to assume that either they just don’t make them like they used to or all the bigger companies are snatching away the most promising talent. While each new generation is different than the one that preceded it and larger companies may seem like they have more to offer than a smaller mom and pop outfit, the truth is that any business of any size can attract hard-working, affable and honest people who will not only improve the bottom line, but also make work environments more pleasant and...read more
Purchasing insurance is a difficult experience no matter what part of the country you live in. Everyone wants to get the best possible deal, and the rates in some areas can be extremely high. Insurance on your automobile, home and recreational equipment is a substantial investment.The difficulty is choosing the right agency along with a reputable company. Price is important, but the promptness and efficiency with which agents and companies settle claims and deal with emergencies is most important. No one calls at midnight to report an...read more
There are an average of over 370,000 residential fires every year according to the latest data from the U.S. Fire Administration. It’s easy to feel invincible and think that this couldn’t happen to you, but burying your head in the sand will not help you protect your family. Aside from fire safety and educating your kids about what to do in the event of a fire, protecting your valuables, irreplaceable items and important paperwork is essential to being prepared. Protect Photos and Digital Documents Start an account with a...read more
I’ve written previously about some of the changes to payday loan practices in the UK. Maybe this is a harbinger of things to come in the USA? Here’s the latest: Payday loan sector members agree: Charter governing good practice but government regulation continues to loom in 2014 Businesses within the payday loan sector have taken many steps towards self-regulation since 2012, yet as continued government intervention in the industry looms, the topic of self regulation continues to be hotly debated. Let’s focus on the self...read more
Istockphoto There appears to be a rising trend that shows that more and more students are taking out short term loans. Research by the National Union of Students (NUS) shows that up to 46,000 undergraduates are using what they term high risk debt (which includes payday loans, cheque cashing and doorstep loans). They suggest a number of reasons for this which relate, in the main, to funding their living costs and fees. . Some highlights from their research show: the weekly cost of student accommodation has nearly doubled in 10 years (£60...read more