Spending and Borrowing

The great Ben Franklin said many wise things and invented and accomplished a lot in his lifetime. He even had some great personal finance insights including his saying, "Beware of little expenses. A small leak will sink a great ship." How true! Most people can think of 101

From time to time, I am drawn to write about something happening in our broader culture even though the financial ties and issues may not be obvious to others. In the first 24 hours since his passing, the media coverage of Michael Jackson's death has been overwhelming. I

Hardly a day goes by that I don't hear pundits and media folk worrying about how overleveraged consumers are with debt including credit card debt. Thus, these people, argue, expect only a muted economic recovery. A new study of Americans use of credit cards covering the period from