Whether you’re starting a new job or moving to another state, it can be hard to set up a budget when you don’t know how much of your paycheck you get to take home after taxes and deductions. PaycheckCity.com’s Net Pay Calculator takes the guesswork out. It’s a particularly useful tool if, for example, your [...]
As the recession continues, consumers and businesses alike are trying to find innovative ways to live and operate cost-effectively. Most consumers have had to sacrifice some quality of life in order to live within their (new) means. A recent Wall Street Journal blog post notes that “cash-strapped Americans are trading down and giving up nonessential [...]
If you’re like most people, you daydream about retirement as the ultimate reward for giving your all throughout your career. Whether you envision a beachside home, investing more time and money in your hobbies, or globetrotting, you probably are counting on a rosy financial picture to buoy your dreams. It’s like what Michael Scott once [...]
We try to keep things classy here at Econ4U. But when gossip and finance cross paths, it’s hard for us not to indulge. Today’s edition of When Celebrities Mismanage Their Finances – or, excuse me, When “Celebrities” Mismanage Their Finances – centers on Nadya “Octomom” Suleman. Suleman – mother of 14 children, including the world’s only set of octuplets [...]
Kiplinger’s put together this list of 20 ways young people waste their money (although many of these bad habits are often held by folks old enough to know better). Some of the tips are obvious: Don’t buy a new car or brand-name groceries, turn off your lights when you leave the room, cancel your cable [...]
Posted in Budgeting, Credit, Education, Financial Illiteracy, Personal Finance, Saving Money, Students
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Tagged Family Budget, financial advice, Personal Finance, Saving Money, Taxes, tips
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Personal finance site Mint.com has a great new video illustrating how much money a trillion dollars really is, and what you could buy with it. My personal favorite: With a trillion dollars, you could buy a $3 latte every day for 900 million years. [youtube]http://www.youtube.com/watch?v=at3MNu8BRwQ[/youtube]
Along with the increasing number of high school and college classrooms that are incorporating personal finance into their curriculum, many community groups are also finding ways to offer lessons in economic education. In Missouri, the Boys and Girls Club of West Central Missouri puts financial lessons into practice with its “club bucks” program. The members [...]
Buying an occasional lottery ticket for fun isn’t a terrible idea. At least if being virtually guaranteed to lose is your idea of a good time. After all, it’s pretty much like making a non-tax-deductible donation to the government, and if you only buy one or two every few weeks then you aren’t spending too [...]
With banks and credit card companies collecting more money than ever from customers, the Center for Economic and Entrepreneurial Literacy reminds consumers that “economic illiteracy is at the heart of our current economic crisis.” A CEEL survey conducted in December of 2008 found that a majority of those surveyed were unable to answer simple questions [...]
The Wall Street Journal today reports that a rapidly-increasing number of credit card offers are for variable-rate lines of credit. According to the article, over 90% of recent credit card offer mailings were for variable-rate cards, up from 60% just last year. Fixed-rate credit cards, however, have only been as “fixed” as the bank wanted [...]
