Archive for October, 2013

Halloween 2013: Costumes, History, Myths & More

Posted on October 31, 2013 by Saldutti

Halloween 2013 should be less scary in the United States than last year’s holiday, when the monstrous Hurricane Sandy savaged parts of the U.S. Northeast. Despite the storm, 2012 featured record participation and spending that, even with a small 2013 downturn, show Halloween’s steady growth as a prominent date on the American social calendar.  Today’s mix of parties, pranks, and profit is a far cry from Halloween’s ancient origins. Over the centuries the celebration has seen a lot of changes, and NationalGeographic.com has summed them up here for you. Pagan Progenitor – Halloween’s origins date back more than 2,000 years….

Halloween By the Numbers

Posted on October 30, 2013 by Saldutti

The first of the major shopping holidays is upon us. In fact, Halloween is the fourth most popular holiday that gets consumers to open up their pocketbook – next to Christmas, Thanksgiving and Easter, according to Alliance Data Retail Services (ADRS), a marketing and customer loyalty solutions provider. Here’s a glance at Halloween by the numbers, complied by Forbes.com.  158 million: Consumers who will participate in 2013 Halloween activities; down from 170 million in 2012 86.1: Percent of those say they will spend less overall on Halloween this year, and in particular 32.7% will buy less candy while 18.1% will…

Saldutti, LLC: Single Focus Yields Outstanding Results

Posted on October 29, 2013 by Saldutti

The following article appeared in a recent edition of NJ Biz Magazine: For nearly two decades, Saldutti Law has been bringing a focused approach to the collection of debt—distinguishing itself as a unique breed of law firm along the way. “We do one thing, and that is credit collections,” says Thomas O’Connell, Esq., of Saldutti Law, which serves clients around the country. “We combine the power of a law firm with the efficiencies of a high-intensity collection agency.” Indeed, Saldutti Law is powered by the most advanced technology, coupled with an effective and experienced staff, O’Connell explains. The combination makes…

The American Dream in 2013: What Does it Mean?

Posted on October 25, 2013 by Saldutti

When you hear the word “American Dream,” what comes to mind?  Is it your 2.5 kids playing inside a white picket fence? Is it turning your business idea into a profitable company by age 30? Is it a gold watch and nap-filled retirement by age 65? In a new study, LearnVest and Chase Blueprint sought to define the American Dream today, asking people around the country what it means to them. Is it achievable? If so, for whom? And while we’re at it, in the wake of the recession, does the American Dream still exist? Here is an interesting infographic…

Financial Decisions That May Haunt You Later in Life

Posted on October 23, 2013 by Saldutti

People often say “life is short” as a justification to do or buy something immediately rather than waiting. But the truth is, life is not short. Life is long. The average life expectancy for an American male is 76.2 years, and 81 years for a female. Financially speaking, a long outlook on life is important, because the decisions we make early on have a significant impact on the remainder of our lives. Specifically, these decisions can make or break our retirement plans. Yahoo Finance offers these seven important financial decisions 30-year-olds make that could come back to haunt them in…

Sweet Savings on Halloween

Posted on October 22, 2013 by Saldutti

With a little over a week left until Halloween, it’s time to start stocking up on candy to hand out to trick-or-treaters, though we are well aware that this can be a costly venture.  According to the National Retail Federation, Americans are expected to spend $2.08 billion on Halloween treats this year.  Thankfully, there’s no award for having the best or biggest candy bars in your neighborhood, so if being budget-conscious is your utmost concern this Halloween, Eversave’s blog offers some tips to help you stay on track. Opt for sugar-based snacks over chocolates. While the kids’ dentists probably won’t…

‘Vampire’ Foreclosures Keep Bank Inventory High

Posted on October 18, 2013 by Saldutti

As if rising mortgage rates aren’t scary enough, analysts have identified a lurking threat to housing: “vampire” properties. These “vampire” properties are bank-owned foreclosed homes in which prior owners continue to live, as defined by RealtyTrac, an online foreclosure marketplace. Former owners live in 47% of U.S. bank-owned properties, according to RealtyTrac. These properties are “sucking the life out of the housing market,” according to Daren Blomquist, vice president at RealtyTrac. “The concern with these homes is that they are inevitable inventory that had been delayed from hitting the market,” he said. “We don’t anticipate these properties will derail the…

What to Buy in October

Posted on October 17, 2013 by Saldutti

By shopping standards, October is that odd month sitting smack in the middle of the back-to-school frenzy and the holiday shopping extravaganza. But frugal shoppers need not despair — there are plenty of October deals to be had. The best buys range from leftover items from previous months to goods discounted in advance of the big shopping days to come. And don’t forget, Halloween erupts in October. Cheapism.com, a site devoted to helping frugal consumers find the best cheap products and services, offers this list of spooky October deals : Halloween Gear – Unless you thought way ahead and bought…

Default Has Potential to be 'Catastrophic'

Posted on October 15, 2013 by Saldutti

A default on the nation’s debt could thrust the nation into the worst recession since the Great Depression, and even a prolonged standoff could do significant economic harm, according to a new study released by the Treasury Department. The report ratchets up pressure on congressional Republicans looking to extract significant concessions from the White House in exchange for a borrowing boost. “A default would be unprecedented and has the potential to be catastrophic,” the Treasury reported. “Credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world,…

What Is a Bad Credit Score?

Posted on October 09, 2013 by Saldutti

Most people have a gut feeling about their credit – it’s either great, good or bad. But what is a bad credit score really? First, it’s important to understand that there are many different credit scoring models out there and each may use a different scale – or numbers – to convey information. For example, all FICO score range between 300 and 850 with 300 being the lowest (or worst) possible score, while 850 is the highest (or best) possible score. The range for VantageScore credit scores has traditionally been between 501 and 990, with the higher number representing the…