Monthly Archives: January 2010

For Love or Money: When Financial Opposites Marry

A few months ago, I wondered aloud whether spendthrifts and tightwads can ever find marital bliss. But the real question is, given that money is the most-cited reason for divorce, what do you do when you realize you’ve married your financial opposite? Personal finance writer M.P. Dunleavey at MSN Money tackled this issue in her recent column: [...]

Tuesday Top 5: Lessons in Entrepreneurship for Kids

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. This week, New York Times columnist Thomas Friedman wrote about what the country really needs instead of yet another economic stimulus package: What the country needs most now is not more government stimulus, [...]

The ‘January Effect’ Stock-Market Phenomenon

Seasoned investors are likely aware of the “January effect,” a trend of the stock market to rise in January as people who sold losing stocks in December (to claim a loss for tax purposes) reinvest that money. But did you know the month can also be an economic predictor for the rest of the year? [...]

Tuesday Top 5: Dumb Banking Mistakes to Avoid

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Have you broken your New Year’s financial resolutions yet? If so, today’s edition will help you get back on track by pointing out the most common banking mistakes people make — and [...]

Sneaky Fee of the Week: Currency Conversion Penalties

Booking your spring break trip to Cancun soon? Here’s something to keep in mind: Almost every major credit card carries an “international conversion surcharge” of up to 5 percent on every purchase you charge in a foreign country. The fee isn’t listed separately on your bill so you wouldn’t even know anything fishy was afoot [...]

“Automatic savings” programs take the pain out of setting money aside

Not long ago, I received an email from Wachovia Bank advertising a new program called Way2Save. It’s one example of the automatic savings programs now being offered by a range of different banks. Here’s how it works at Wachovia: We’ll transfer $1 from your Wachovia checking account to your Way2Save account when you make everyday [...]

Credit Market Update: More transparency in credit decisions coming in 2011

If you’re working on Capitol Hill, you may have joined us Tuesday for our webinar on credit markets and personal credit history. In line with that topic, there’s good news on the horizon for consumers concerned about the effect credit scores have on the terms they’re offered from a lender. Starting in January of 2011, [...]

Correlation is not Causation: George Washington Professors Need a Refresher Course in Statistics

Every night, around the time the sun sets, my local television station runs an evening news broadcast. It’s been this way my entire life – a setting sun means that the evening news will be coming on shortly. But what if we said this: Since the sun always sets at about the same time as [...]