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Back for a New Year - The Dollar Stretcher
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The Dollar Stretcher

The Dollar Stretcher blog will explore people and money.

Back for a New Year

Wow, hard to believe how quickly time flies during the holidays. Of course maybe time isn't moving any faster. It could be that I'm just going slower!

Wanted to start this year with a mention of a column I wrote and a blog comment about it. The article was about a mother who had co-signed an auto loan. Now her son decided that he didn't want the ride and couldn't make the payments. You'll find it at http://www.stretcher.com/stories/07/07dec24c.cfm

The comments are from Nancy Castleman. She's someone you should get to know. Nancy co-authored "Invest in Yourself: Six Secrets to a Rich Life" and has spent the last 23 years teaching people how to get out of debt, save money, and live better on less. She writes on all these subjects for CreditBloggers.com. You'll find her comments about the column at http://www.creditbloggers.com/2007/12/taking-out-a-ca.html.

As you can see by my response comment, I agree with Nancy. Sometimes a kinder response is better. Or as my Grandma used to say you can catch more flies with honey than with vinegar (although I never really wanted to catch a bunch of flies!).

At any rate, you might want to check out Nancy's blog. I think that you'll find it interesting. 

 

 

Comments

 

Pat said:

As a parent, I can see myself making things too easy for my kids. I have never (nor would I) cosign for a 6 year loan, but I did for a shorter loan. It worked out fine, but maybe that was a matter of luck more than anything! Good articles, both yours and Nancy's .

January 3, 2008 10:57 AM

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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