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Apple seeks patent that could turn you into a human ATM

Jay MacDonald

Ever aspire to be an ATM?

If it comes to fruition, an Apple app could make it happen.

Apple has applied for a patent that could turn you into a rolling, strolling ATM (think: animated teller machine!) simply by tapping into an GPS-based network that links those with spare cash to those without. The Apple patent application calls it the “Ad-hoc cash dispensing network.” But, if I may make a suggestion to my friends at Apple, I have a catchier name: The iSoBroke app.Apple seeks patent could turn you into an ATM

Here’s how it might work:
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Emily’s list: Scary debt edition

Emily Crone

Do you have debt haunting you this Halloween? I do. It’s (cue the scary organ music) — student loan debt! Eek!

Don’t run away in panic, though. Keep on reading to learn more and explore my 10 favorite personal finance blog posts from the past week.
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Emily’s list: ‘The Biggest Loser’ edition

Emily Crone

I’ve been a fan of the TV show, “The Biggest Loser,” for several years. I love watching people transform their unhealthy habits into a positive lifestyle. It’s tragic that the easiest and cheapest food to obtain, such as pizza, burgers, ice cream and chips, are also the worst for you.

The new season began this week. It was disheartening to see that many of the new contestants are only in their 20s. Thankfully, most haven’t developed chronic diseases yet. People in their 20s are often strapped for cash and tend to think that they have amazing metabolisms even if they don’t. Contrary to popular belief, there are MANY ways to eat healthy without spending a fortune. I have a bad sweet tooth, but in general, I’m a healthy eater. Here are some of my tips.

Read on for my list of my top 10 favorite personal finance blog posts from the past week, several of which touch on making food more affordable.

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Head in the sand doesn’t really work for those outstanding debts

Connie Prater

A headline from Michigan caught my eye this morning: “101-year-old Detroit woman evicted in foreclosure.”

The Associated Press article detailed the plight of Texana Hollis and her son, Warren. Sheriff’s deputies went to the home she has lived in for nearly six decades and put the woman and her two adult sons (ages 66 and 69) out. Warren Hollis told WXYZ-TV that he hadn’t paid the mortgage in several years and ignored eviction notices.

If you’re going to do that, think about the collateral damage that you may be causing to people who depend you on — an elderly parent who lives with you, your children or spouse. They would face the embarrassment and disruption caused by a “surprise” eviction or a civil judgment for a delinquent credit card bill.

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Emily’s list: Tougher lending edition

Emily Crone

The Mortgage Bankers Association released a quarterly performance report in late June that gives great insight into what’s happening in the world of mortgage loans. In a Time article, it pointed out one of the more striking numbers: “46 percent of all loans written in the first quarter were to borrowers with credit scores over 750.”

It was only 29 percent in the third quarter of 2008, which is when the Lehman Brothers crashed and burned. But Time notes that it hasn’t risen due to the fact that consumers have better credit; it’s because lending has tightened and it’s harder for just anyone to get approved.

Time offers several great tips for improving your credit score if you’re already working on it. For those and more tips that will help improve your credit and finances, read on for my list of the top 10 best personal finance blog posts in the past week.

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