depreciation

The first step to buying a used car is choosing a vehicle, or at least narrowing your options. Ask yourself: How many passengers do you regularly carry? What sort of trunk or cargo space do you need? What is the minimum gas mileage a car has that will stay within your budget? What would your [...]

One of the hardest accounting frauds to spot is big bath accounting. When a company is doing really bad and has no chance of meeting earning expectations, unscrupulous management would begin writing-off every expense and asset they could imagine. As a result, future expenses are reduced significantly and naturally earnings increase. In other words, the [...]

This is the second part of Financial Risks And Personal Finance Risk Management series. In the first part, we looked at financial risks and risk management as they relate to your income and expenses. In this part, we will be looking at risks pertaining to your assets and credit.

Photo by Snoober via Flickr
Asset Risks
Your assets [...]

I was introduced to Gap Insurance when I bought my new Honda Element in December 2005. Gap Insurance is an insurance product designed specifically for buyers who purchase their new car with financing — in other words, those who will be upside down on their auto loan.

Photo by Lyle58 via Flickr
What Is An Upside Auto [...]

Following the success of previous Frugal of Cheap Test, I am going to throw another one out there for your enjoyment. I hope that you’ll like this Financial IQ Test as much as the last one and find it somewhat educational as well. Please note that I’ve included a link or two for some questions. [...]

One of the commonly touted advantage of real estate investing is the financial leverage that can result in enormous return on investment. A typical example usually compares investing an amount in real estate versus the stock market, where the return on investment for real estate investing far exceeds that of the stock market.

Photo by Brian [...]

This article is part of the M-Network group writing project about cars and what they meant to us. This series will run from November 12th through the 16th, and we welcome you to share your stories with us.

At first, I was going to launch into this long history about how I loved the Transformers cartoon, [...]