Alpha Consumer

7 Questions for Shopaholics

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May 6, 2010 Comment (4)

Some two to five percent of Americans struggle with shopping addictions, a dark illness that can destroy families as it wreaks havoc on bank accounts. People who compulsively shop – dubbed “shopaholics” – often lie about their purchases, even to family and friends. They tend to buy things they don’t need, and sometimes don’t even bother to open items once they get home. They also make frequent unplanned purchases.

Tags:: personal finance

Am I Saving Enough for Retirement?

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By Kimberly Palmer

May 5, 2010 Comment (1)

Dear Alpha Consumer,

My wife and I have been trying to max-out our 401(k) contributions while we can, which means we are currently contributing $16,500 a year into our accounts. If we continue to do that, will we have enough to retire on when we’re 65? Sometimes it feels like a hopeless battle, given the fact that our investments haven’t grown much since we started saving about 10 years ago.

-- Saving But Frustrated

Tags:: personal finance

Budgeting with a Baby

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By Kimberly Palmer

May 4, 2010 Comment (2)

After browsing through dozens of potential high-chairs for our six-month old daughter, my husband and I found ourselves at the upscale chain Giggle. “This one’s only $250!” I exclaimed, as I ran my hand over the smooth wood of the sleek model.