PF Buzz - Personal Finance Social Bookmarking

Lynnae reviews part of book, (Not) Keeping Up With Our Parents, in a series -- and she expands to discuss how to avoid the mistakes of the couple in the book and how to consider your mortgage when buying a house. And she reminds that it's okay to keep renting!

Americans owe over 900 billion in credit card debt. Unfortunately not all of that credit card debt accumulation can be blamed on instant gratification purchases.

When you feel you like something very badly and don’t have the cash ready, you might be tempted to use your credit card without any plan of how you will pay for your statement when it comes. Chances are, you will fall into the credit card debt trap. This post will help you how to deal with it.

US banking committee senators have asked to freeze foreclosures for 90 days! What's next, is the government going to propose freezing credit card debt or even provide interest free credit cards for those that are having problems paying off their credit card debt

I love my credit card. Everyone gives credit cards a bad rap, but what they don't realize is that it is people who create debt, not the cards. After overcoming credit card debt, it is my quest to not only teach others how to use credit responsibly, but also how to know what their cards offer as a cardmember.

I just paid off all of my credit card debt! It was a culmination of the last 3 years and a struggle to say the least. How should I celebrate? I probably should not go running up new debt so I will leave the cards out the wallet! How bout you?

Last month while at the airport traveling for my new job, I had the great opportunity to have a layover for about 2 hours in Denver. To utilize my time, I brought a book and read The Money Game. However, I noticed a credit card salesman pitching his credit card to unfortunate people walking by and wanted to hear his speech and see how he got people he got to sign up. Since we were at the airport, the credit card involved that upon signing up, you received a "free" trip to anywhere in the U.S. (along with the lifelong debt!)

My husband and I have a $5,000 balance on a credit card that is at 0% interest for another 8 months which we have been paying down slowly. However, carrying debt in this economy has us scared, so we are thinking of emptying our emergency fund to pay it off, which would leave us with no cash but also with no credit card debt. Do you think we should do that?

A closer look into how two distinct methods for repaying credit card debt vary, showing which method is best, and lastly, my own improvement on the best method, allowing debts to be repaid even quicker again.