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By E K Wills Why do so many people have such huge credit card debts? Financial gurus are always espousing the virtues of not going into debt so how is it that vast amounts are racked up on credit by people every month? Years ago, a study done by MIT researcher, Associate Professor Prelec, showed that when two sets of people were asked to bid in an auction using cash vs credit, about twice as much bidding was done by the credit card holders than those with cash. So even though

By EK Wills Many people struggle with finances their whole lives. And many feel they don’t know enough about how to manage their money. It’s too hard and too complicated so why bother? But given how expensive today’s economy is for housing, the idea of owning your own home seems to slip from more people’s grasp at an alarming rate. I grew up in the excess of the 80’s so always thought at a windfall of success would enable the lifestyle I wanted. But the crash that came after