I found this interesting video that tries to explain how this financial crisis started in the first place. Although I’m not so sure if this video could actually help children understand the background, it is a very clear explanation. Check it out:
Archive for November, 2008
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How to Stop Financial Bleeding in Your Household
November 29th, 2008 
Elisheva Wiriaatmadja Most people avoid talking about household budget let alone creating it. Somehow they don’t want to be bothered by the hassle of planning their household spending when impulsive shopping seems so much more fun and easy. They do not realize that by not having a household budget, they are actually prone to suffer from financial [...]
The Richness of Giving
November 29th, 2008 Elisheva Wiriaatmadja The “giving season” is nearly upon us! Not only are the malls full of Christmas decorations, and the advertisements full of toys and perfume, our mailboxes are full of year-end charity fundraising requests too. While most charities operate and have expenses year-round, they have learned that the largest chunk of their donations come in November [...]
Learn to Budget Money a New Way
November 27th, 2008 Elisheva Wiriaatmadja Some lucky people don’t need to learn to budget money in the traditional way. They simply and naturally spend less than they make, and invest the difference for the future. There is no need to allocate “x” amount each month for this or that category if your “outgo” is always less than your income. This [...]
U.S. Plans $800 Billion in Lending to Ease Crisis
November 26th, 2008 Elisheva Wiriaatmadja The Federal Reserve and the Treasury announced $800 billion in new lending programs on Tuesday, sending a message that they would print as much money as needed to revive the nation’s crippled banking system. The gargantuan efforts — one to finance loans for consumers, and a bigger one to push down home mortgage rates — [...]
Credit Enters a Lockdown
November 26th, 2008 Elisheva Wiriaatmadja The words coming out of Washington this week about the American financial system have been frightening. But many have raised the possibility that the Bush administration is fear-mongering to gin up support for its $700 billion bailout proposal. Read more
10 Steps To Get Out Of Debt
November 26th, 2008 Elisheva Wiriaatmadja Being in debt is almost like having an addiction. Once you are in it is hard to stop borrowing and it is very hard to get out of it completely. But just as any other addiction, if you keep the things you are addicted to out of sight the withdrawal symptoms will subside eventually. Here [...]
Making Ends Meet
November 25th, 2008 Elisheva Wiriaatmadja It is particularly hard for someone to pa a debt with out outside help. Other would put their debts together or consolidate them while others would opt to get a separate loan in order to pay for the student loan they have amassed for their whole life as a college student. This is what is [...]
Retirement Fund
November 24th, 2008 Mike Dammann If it is about retirement fund, no amount of money is too big. But due to the global economic crisis eating up the life of 401(k)s, IRA and pensions, many people wonder whether they could still make it to retire early or at all. People can set their goal as they wish but the question [...]
Unemployed? More Help For You
November 24th, 2008 Elisheva Wiriaatmadja The Federal government has extended benefits for out of work Americans. Here are 5 things every worker should know about their unemployment check. President Bush signed The Unemployment Extension Act of 2008 into law Friday, lengthening the period of government assistance to Americans struggling in the shrinking job market. The measure helps people whose benefits [...]
