Recession

WalletPop Blog

Can't Afford a Home? Rent a Walk-In Closet

House
Corbis
Sergio Santos, a Florida man, was having trouble making the payment on a large apartment. So he moved out and now has no trouble paying rent living in someone's 75-square foot closet.
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WalletPop Blog

Las Vegas Loses Another Landmark

Las Vegas Strip
AOL
The Vegas slump continues: On Tuesday, the casino resort developer, Fontainebleau Las Vegas LLC announced that it has filed for Chapter 11 bankruptcy protection. The major Vegas project was set to be completed and open for business by October, but the financial gridlock put a halt to construction.
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How I Saved $13K on My Wedding

Jai Girard Photography
What happens when you take a buyout and lose your weekly paycheck right before your wedding? Well, if you are Evan S. Benn, you tackle the wedding budget to see how you can still have the wedding and honeymoon of your dreams, but for much less. From food to music to alcohol, click through our gallery below to see how he was able to shave off more than $13,000 in wedding costs in just three weeks.
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Financial Help for a Few Lucky Shops

holiday shoppers
Getty Images
According to the Small Business Administration, thousands of needy small-business owners are about to receive some debt relief — just in the nick of time. Beginning on June 15, the agency will begin doling out 10,000 deferred-payment loans of up to $35,000 to small businesses that are struggling to stay afloat.
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Financial Planning on a Budget

Not sure how to plan for the future? WalletPop talks with Bryan Link, CEO and co-founder of free online financial planning and advice website SimpliFi.net, about strategies in today's tough economy.
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Five Things to Tell a Laid-Off Friend

Trader
Getty Images
How many times has this happened to you: a friend calls up and breaks the bad news about a layoff. This has happened half a dozen times to our blogger, Julie Tilsner, in the last year, as friends, neighbors, even my boyfriend have gotten the ax. Over time, she's developed a five-prong approach to talking them off the ledge and here it is...
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Is the Recession Making Us Better People?

Getty Images
In the past few months, as the economic downturn has left millions out of work and millions more struggling to make ends meet, many have directed their spare time and unused talents toward helping those who are less fortunate. While pundits and analysts attempt to explain the spike in volunteerism, it's worth asking if the recession is making us better people.
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Your Job Will Come: Life in the Balance

With the networking, finding jobs to apply for, applying for those jobs, and hopefully going on interviews, a job seeker can easily spend more than 40 hours a week looking for someone to hire and pay them for 40 hours of work a week. Yes, it's stressful to be unemployed, as 13.7 million Americans are.
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Time for a Bargain on a GM Car?

General Motors headquarters
Getty Images
After months of news reports about the slow-motion collapse of General Motors and Chrysler, bargain hunters can't be blamed for rushing through their showrooms expecting to find bargains galore. Just a couple of months ago, those showrooms were as empty as the grandstands at a Pirates game. According to Edmunds, however, that window of opportunity has rolled shut, trapping buyers inside with much less favorable deals.
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Interest Rates

TypeCurrentAPR
30 yr fixed mtg5.13%5.29%
5/1 ARM4.30%4.18%
$30K HELOC5.24%0.00%
36 month new car loan6.90%0.00%
1 yr CD1.61%1.62%

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