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UWM reports higher fourth-quarter profit, lower full-year net income
United Wholesale Mortgage reported another profitable three months to end 2025, posting net income of $164.5 million for the fourth quarter.
That compares with $12.1 million in net income the Pontiac-based company reported in the third quarter of 2025 and $40.6 million in the fourth quarter of 2024.
For the full year, the company reported net ...Read more
Everyday Cheapskate: 8 Strategies to Graduate College Debt-Free
There was a time when I didn't have much opinion on paying for college with student loans. That was before the advent of email and thousands of messages, all with a similar subject line: "Help! I'm drowning in student loan debt!"
That was before I learned that about 85% of college graduates do not end up working in their major. That was before ...Read more
Everyday Cheapskate: How to Clean Your Keurig Machine and How Often You Should
While drinking coffee has health benefits, using your Keurig machine daily without routine cleaning and maintenance can lead to awful consequences.
It's essential to clean a Keurig because it can be a health hazard if not cleaned properly. Like any coffee maker (or espresso machine), Keurigs can grow mold if not properly drained, descaled and ...Read more
Pension funds invest in private credit. What are these high risk, high reward loans?
When the economy is good, predictions for the next downturn abound: when it will start, what will cause it and who stands to lose.
This time around, Wall Street-watchers are warning about private credit, a high-risk, high-reward debt market that shuttles billions of dollars beyond the constraints of traditional banking.
Defaults on these risky...Read more
Buyer for Oceanwide Plaza's infamous graffitied towers emerges
A buyer has emerged for the notorious graffiti-bedecked towers in downtown Los Angeles — a Riverside County developer who intends to finish the stalled $1.2-billion project.
The proposed buyer of the residential, hotel and retail project in bankruptcy proceedings is a partnership led by Kali P. Chaudhuri, whose KPC Development Co. owns and ...Read more
Rents are rising fast in Michigan's mid-size cities. Here's why
Michiganians looking to escape high rents in the state’s biggest cities might have a hard time this year, even in metro areas that have historically been affordable.
The cost of rent in mid-market areas like Lansing and Battle Creek has risen much faster than in Detroit or Grand Rapids over the last few years, according to data compiled by ...Read more
Everyday Cheapskate: Homemade Febreze? I Tried It So You Don't Have To.
Every so often, a reader sends me a message that begins with, "Mary, have you heard about this?" That's usually followed by a link, a whisper of thriftiness, and a promise that the solution will both cost less than pocket change and change my life forever.
This time, it was homemade good ol' basic Febreze Fabric Refresher spray (unscented) ...Read more
Real estate Q&A: What happens to our lease when our landlord sells property?
Q: We are about halfway through our lease, and our landlord just told us he’s selling the property. In fact, he offered to sell it to us. We’re not sure if we want to buy it, but just in case, what happens to our lease when he sells the property? — Javier
A: When you are renting a property, unexpected changes can happen, including the ...Read more
Everyday Cheapskate: How to Clean Hardwood Floors With Hydrogen Peroxide
The finish on hardwood flooring is neither fragile nor indestructible. Hardwood floors must be cleaned properly using the correct solvent level to protect their beauty and fine finish. Some of us (ahem) have had to learn this truth the hard way.
Even though you can't damage hardwood floors by walking on them, all wood is susceptible to stains. ...Read more
Everyday Cheapskate: A Simple 3-Step Budget That Can Change Your Life
Budgets are like training wheels: They help you get moving and offer you confidence as you learn how to balance.
I wish I could come up with a better word than "budget" for managing money. While I've made peace with the word, it still conjures up synonyms like whip, drudgery and cruel master. Personally, I prefer the more elegant term "spending...Read more
Everyday Cheapskate: How I Got My Kids to Stop Whining in Only 3 Days
For this mother of two young, world-class whiners, the techniques described in the booklet seemed way too simple to be effective, the promised results too good to be true. In desperation, however, I decided to give the anti-whining program -- guaranteed to be appropriate for toddlers and up -- my best shot by following the simple daily ...Read more
Everyday Cheapskate: The $5 Pantry Fix That Can Replace Three Cleaning Products
I didn't set out to overthrow three cleaning products in one afternoon. I was simply standing in my laundry room, staring at a shelf crowded with half-used spray bottles, when I realized two things. First, none of them was empty enough to throw away. Second, none of them was impressive enough to justify buying again.
That was the day a humble ...Read more
Everyday Cheapskate: When 'FREE' Comes With a Price Tag
I couldn't pass it up, and I mean that quite literally. Someone dumped it right in the middle of my shortcut through the back of a neighborhood center. I had two choices: hit it head-on or stop to investigate.
Closer examination revealed a unique piece of furniture -- a child-size, solid wood combination five-drawer dresser wardrobe. I dragged ...Read more
Everyday Cheapskate: Debt Consolidation -- Good Solution or Terrible Mistake?
To the person drowning in debt, a debt-consolidation loan looks like a lifesaver. But reaching for it without knowing exactly what it's made of could be a severe mistake.
The way it's supposed to work: You pay off all your small high-interest consumer debts with the proceeds of a new low-interest loan whose payment is less than the total of the...Read more
Everyday Cheapskate: Till Debt Do Us Part
It is difficult to imagine: Our wedding cost a whopping $200. I borrowed my dress and veil; I made the bridesmaid's dresses; a friend made and gifted the cake; we had one bouquet for the church; and our fathers (both ministers) performed the ceremony. We opted for the photographer's monthly special ($100 for eight 8x10s) and paid cash for ...Read more
Everyday Cheapskate: Energy-Saving Secrets: 23 Easy Ways to Save Big Bucks Year-Round
Electric bills have a way of creeping up quietly, like a cat on a countertop. One day you glance at the bill and think, "Surely this can't be mine." But unless someone plugged in a cotton candy machine while you were sleeping, the explanation is much simpler: Energy prices rise steadily, and many homes waste electricity without realizing it.
...Read more
Everyday Cheapskate: Simple Secrets to Make Clothes Look Better and Last Longer
You should see the big wad of lint I just plucked from the trap of my clothes dryer. Ack! Where does all of that come from? I know I emptied all pockets, and I'm certain I did not wash a bag of pillow stuffing.
I'll tell you what it is, and I am not happy about this: It's visual proof the dryer is wearing out our clothes. Those fibers were ...Read more
Everyday Cheapskate: How to Deep-Clean a Coffee Maker
Performing a deep clean on a coffee maker is important to extend its useful life and ensure you're brewing the best-tasting coffee possible.
A buildup of hard water scale and rancid coffee oils in a coffee maker is to be expected. Allowing that buildup to remain (and multiply) can be very hard on the machine and make the coffee that comes from ...Read more
Everyday Cheapskate: 8 Surprising Ways Lemons Can Make Your Life Easier
Several years ago, my son gave me the bounty from the two fruit trees that pretty much rule his backyard. My Mother's Day gift of Meyer lemons weighed in at 124 pounds. I know, lucky me!
I had to figure out ways to use, share and preserve lemons in a big hurry. I juiced, cooked and baked all kinds of lemon things. And I learned so many ways to ...Read more
Everyday Cheapskate: What on Earth Can I Do With These Chinese Leftovers?
We've all faced that moment of truth: You open the refrigerator door and there sit the Chinese leftovers from last night's dinner, looking a little wilted and more than a little judgmental. You didn't throw them away -- good for you. But what do you do with them now?
Before you resign yourself to eating cold lo mein over the sink, let's rethink...Read more
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