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How Couples Can Get Spending Under Control
Tweet Share on Facebook November 8, 2012 CommentThis week, we profiled JoAnneh Nagler, a yoga teacher, money coach, and artist, who managed to pay off $80,000 in credit card by following her own debt-free spending plan. She also wrote a book about her strategy, which focuses on getting organized through multiple savings accounts and setting specific spending and savings goals.
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After a Flood, Frugality Can Be Dangerous
Tweet Share on Facebook November 5, 2012 CommentUsually, frugality is a good thing. Buying second-hand clothes, reusing grocery bags, and repurposing leftovers are all commendable activities in pursuit of saving money. But in the aftermath of Hurricane Sandy, which flooded thousands of homes and left millions without electricity for days, those habits can become deadly. That’s because flooding, fire, and lack of power can render normal household items completely useless and even downright dangerous.
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How to Avoid Superstorm Sandy Scams
Tweet Share on Facebook October 31, 2012 CommentAs the East Coast recovers from the historic storm Sandy, charities are busy helping victims and soliciting donations. Unfortunately, a slew of scams often follow major disasters, as well. These six guidelines are for those looking to help financially—without becoming a victim themselves.
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Sandy’s Aftermath: Minimizing the Storm’s Costs
Tweet Share on Facebook October 30, 2012 CommentWith superstorm Sandy leaving millions of people without electricity and restoration expected to take days, Americans already dealing with missed work days and disrupted child care plans have another worry, too: The high cost of power outages, flood damage, and homeowners insurance coverage gaps can leave people with hundreds of dollars or more in unexpected costs.
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Barnes & Noble Customers, Protect Yourselves
Tweet Share on Facebook October 24, 2012 CommentIf you’ve shopped at a Barnes & Noble recently, take note: Hackers broke into the bookseller’s systems and stole credit card information from dozens of stores across the country, the New York Times reports. Some of those cards appear to have been fraudulently charged, as well.
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Why 30-Somethings Worry About Retirement
Tweet Share on Facebook October 23, 2012 CommentImagine having close to $100,000 in your bank account—and then suddenly watching most of it disappear. That’s essentially what happened to Americans between the ages of 35 and 44, who have lost more of their wealth than any other age group over the past five years, according to a new report from the Pew Research Center.
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Women Get Better with Money As They Age
Tweet Share on Facebook October 22, 2012 CommentWomen face multiple challenges when it comes to money: In general, they live longer, earn less, and take more breaks from the workforce to care for children, which contributes to lower lifetime earnings and, as a result, lower retirement savings and benefits. They even pay higher interest rates on credit cards, and higher prices for dry cleaning and personal-care items, such as shampoo. Studies also find that women tend to perform worse on financial literacy tests than men do.
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Voters Now Say Obama Better for Their Money
Tweet Share on Facebook October 16, 2012 CommentMore voters now say they believe that President Barack Obama would be better for their own personal financial situation than Republican candidate Mitt Romney, according to a new survey from Bankrate.com. Almost 3 in 10 respondents said Obama would improve their finances, compared to 2 in 10 who said Romney would give their money a boost. Back in June, voters were evenly split between the two candidates, in terms of who would help their finances the most.
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Reasons to Check Your Social Security Account
Tweet Share on Facebook October 15, 2012 CommentSocial Security statements, which outline past earnings and expected Social Security income in retirement, used to arrive each year like early birthday presents. Recipients could use them to reflect on how far they’d come from days of low-paid, temporary summer jobs in high school, or the life events, from lay-offs to births of children, that lowered earnings. Now, instead of checking their mailboxes, Americans must go online, to socialsecurity.gov/mystatement, to get their earnings history and projected benefits.
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Is Financial Education Worth the Cost?
Tweet Share on Facebook October 11, 2012 CommentDespite the appeal of financial education—after all, who doesn’t want high schoolers to learn about compound interest and budgeting?—the impact of such courses has long been debated. In fact, some research suggests that personal-finance education in high school does little or nothing to improve later financial choices.
