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Welcome, Mikey Gato

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Total number of posts:47
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Joined on 10/8/2009

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Smart SpendingCOMMENT

Unpaid debt? You could go to jail

What poppycock! I am stunned to see this on the pages of Smart Spending. Exactly what smart spending advice am I getting out of this? Don't pay your bills because there are legions of lawyers who will fight to make you look like a victim instead of just a deadbeat? This is a very distorted piece. Hidden in the blather...more
6/18/2010
Smart SpendingCOMMENT

Payday lenders fight back

I am reading a new book by Michael Lewis called The Big Short - Inside the Doomsday Machine. It is about the subprime mortgage fiasco and the absolute ruthlessness of Wall Street. while it is a clear call for regulation, the most important message is that these loans should never have been made. Ditto payday loans. We ...more
5/10/2010
Smart SpendingCOMMENT

Airline cuts costs with nonreclining sea...

Yes! and Yes! Reclining seats in an environment in which there is no space into which to recline, is torture. We need to all grow up and accept that the price of flying is the surrender of comfort, courtesy, and customer service.
4/22/2010
Smart SpendingCOMMENT

Report urges FDA to limit salt in food

You say: "if your diet consists of food from a box, a can or a bag," Be sure to add restaurants. Big offenders!
4/20/2010
Smart SpendingCOMMENT

The Get Rich Slowly philosophy

Good rules. My list isn't as long: 1. Pay yourself first; 2. Never put anything on a credit card that you can't pay in full that month; 3. Teach your kids these rules, so that they think about the value of a dollar as they grow up and respect your decision not to buy them every new toy; and 4. Ignore the Jones. Th...more
4/19/2010
Smart SpendingCOMMENT

Best places to hide money at home

9/11 found me trapped on the East Coast trying to get home to the West. My most terrifying experience? The ATM machine where I was trying to get extra cash was serviced by a bank in the World Trade Center. No more cash. I began imagining the possibilities of a world where all computers went down - credit cards don't wo...more
3/16/2010
Smart SpendingCOMMENT

Group adds up ‘cost of bad lending’

Oh...here's the fix: "Not everybody should own a home," Stevens (David Stevens, Commisoner of the FHA) told reporters on a conference call Wednesday. Banks should stop lending. If you've overdrawn your account by exuberant use of your debit card, a siren should go off so that everyone knows you can't add or subtract.
1/22/2010
Smart SpendingCOMMENT

11 moves to supercharge your finances

I had a friend who lived in a rent controlled apartment in NYC but wanted to buy a condo. She researched prices in the neighborhood she was interested in, then started making payments to a savings account for the difference between her rent, and the monthly payment she'd have to make on the condo. After several years, ...more
1/8/2010
Smart SpendingCOMMENT

Is it time to say no to the big banks?

Your link to moveyourmoney.info has a typo in it.
1/5/2010
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