The Science of Debt Repayment


If you live in America, you are probably in debt. Whether it be credit cards, car loans, students loans, a mortgage, or one of the multitudes of other ways of obtaining credit, somebody probably gave you money to buy something that you wanted now instead of waiting to save up the cash to do so. It is so useful – even essential – to the lives of many, yet it can also get you into serious trouble. However, if you can be responsible with credit, it can enable you to obtain social and economic security with very little long-term financial consequences. Here are some of the most basic ways to manage your cash and debt without going underwater.

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Stores and Bars Can Rob You Too


Let’s face it: credit and debit cards are a godsend. They’re safe, convenient, and offer you instant access to either cash in your account or what is basically an instant revolving loan. But few people actually know that there is extra money that changes hands several times just because you paid with plastic. For example, Visa may charge your bank every time you swipe, which in turn charges the merchant a little bit more; some vendors even pass that cost on to the customer, charging a small fee for credit transactions. As it turns out, there are now quite a few laws that regulate this activity, some of which went into effect just days ago. If you aren’t careful, however, some stores will ignore the laws and charge you pretty much whatever and whenever they want. Here’s what you need to know.

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The $1 Trillion Coin


In another startling display of unconventional citizen action, a new petition has been started on We the People, a site that is quickly becoming one of our favorites here at *AT*. Unlike the past petitions we have covered though, this one actually seeks to solve a real problem – and that problem is the debt ceiling. Solution? Have the US Treasury Department mint a coin worth $1 trillion. *Sigh*…I’m no economist, so this one will take a while to pick through folks.

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Living in a Nuclear Silo


For Sale: very large home located on 105 acres in the beautiful Adirondack Mountains in upstate New York. This complex features a private runway, a log cabin, and an extensive basement. With plenty of privacy and only minutes away from great hiking, fishing, and hunting, this home is truly an outdoorsman’s dream.

Note — Home used to contain intercontinental ballistic missile and nuclear warhead capable of destroying Moscow.

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12 Days of Christmas: By the Numbers


It cannot be overstated how much we at Abraham Thinkin’ love Christmas. Truly, any superlative to describe a person’s enthusiasm is applicable to our Christmas Spirit, and it probably still falls short of effectively capturing the level of our Holiday Cheer. As we all know by now, the best way to spread Christmas Cheer is to sing loud for all to hear. Fortunately for you all, we cannot sing Christmas Carols to you through the computer, so instead, we are going to do what we think is the next best thing. Every day between now and Christmas Day, we will post something related to Christmas, including Christmas Traditions, Stories of Christmas Lore; some of Abe’s Christmas Faves, and much much more.

To the Western world, Christmas would not be complete without giving. Whether you are into giving, receiving, or both, the tradition of Christmas shopping has become and essential – and sometimes stressful – ritual. This is the time of year when that elective-spending part of your budget balloons as you purchase gifts for friends and family. So how much does the world spend on Christmas, and how much does it change the economy? We try to answer these questions on this, the Tenth Day of Christmas.

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The Man Who Brought Down a Bank


The other night, I watched a movie called “Rogue Trader” based on an autobiography written by a man named Nick Leeson. If you were born in the late 80’s or early 90’s, you probably don’t remember him; however, to people of an older generation, he was infamously remembered as the man whose actions single-handedly brought down the oldest bank in the world.

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12 Days of Christmas: The Re-Gifting Guide


It cannot be overstated how much we at Abraham Thinkin’ love Christmas. Truly, any superlative to describe a person’s enthusiasm is applicable to our Christmas Spirit, and it probably still falls short of effectively capturing the level of our Holiday Cheer. As we all know by now, the best way to spread Christmas Cheer is to sing loud for all to hear. Fortunately for you all, we cannot sing Christmas Carols to you through the computer, so instead, we are going to do what we think is the next best thing. Every day between now and Christmas Day, we will post something related to Christmas, including Christmas Traditions, Stories of Christmas Lore; some of Abe’s Christmas Faves, and much much more.

We’ve all done it. Come ooonnnn, admit it! You’ve re-gifted! No? Ok, well I have…the re-gift is one of those great Christmas traditions that nobody ever talks about. If you haven’t done it already, I can almost guarantee you that you will at least be tempted to do so soon. So, on this, the Second Day of Christmas, I will help walk you through this sometimes dangerous practice that can nevertheless be good for a few laughs.

Disclaimer: We here at *AT* would never advocate re-gifting unless it is for some of the more light-hearted reasons detailed below. You hear that Santa? We’re being good!

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