A followup on an earlier post on Dollartamer regarding Issue 5. It’s still early in the evening, but Ohio has overwhelmingly voted for Issue 5. This will cap payday loans to 28% APR and effectively run the payday loan industry out of Ohio.
If you want more details on the bill, check out our earlier post.
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Posted under News
Written by Matt on November 4, 2008
Yahoo Finance had an article about Madison DuPaix, author of My Dollar Plan blog. For those not familiar with Madison, she is a Wisconsin resident that retired at the age of 29. Her plan was simple, save and take advantage of what was available to make frugal decisions. She’s the perfect example of what an aggressive saving plan can provide (she saved half of her take-home pay, maxing …
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Posted under Investing, Spending
Written by Matt on October 31, 2008
Preparation
Now that you’ve finished the first two steps (if you’re new to this series, please start at the beginning), recording your finances and budgeting, we are ready to start thinking of those oddball expenses that don’t happen every month. Your normal budget is excellent at helping you control your money from month to month. You have a decent idea how …
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Posted under Budgeting, Series
Written by Matt on October 24, 2008
As I reviewed what was going to be on the Ohio Ballot this year, I came across Issue 5. This referendum would cap payday loans to a maximum of 28% APR. What is appalling is that the current cap is 391% ($15 interest on a 2-week $100 loan).
Unfortunately, the people who use these loans frequently get cought up …
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Written by Matt on October 7, 2008
Preparation
Now that you’ve got a bit of history on your spending (you did start to record your spending, right?), let’s start working on a budget. Yes, I said it, that nasty ‘B’ word! Budget has such a nasty connotation to it, but it really isn’t a bad thing.
It’s always a good time to start a budget. I actually made my first real budget in the middle of my layoff (and you wouldn’t …
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Posted under Budgeting, Series
Written by Matt on October 6, 2008
