Category Archives: Education

Understanding the Power of Compound Interest

How much money do you save? Maybe you’re someone that dutifully sets aside money from each paycheck. Conversely, maybe you’re someone who has never met a dollar they didn’t want to spend right away. Perhaps you’re somewhere in between these two extremes. If you’re not saving at all, it’s time to start. If you are [...]

More Valuable Summer-Job Lessons for Teens

In May, we brought you some of the lessons that having a summer job teaches teens who are working for the first time in their careers. Now that summer is in full swing, the Christian Science Monitor has some more valuable takeaways from that first job: Getting to know tax forms and direct deposit. Having [...]

Top 5 Ways to Get a Deal on a Used Car

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. You probably already know that buying a new car is a fast way to burn through your savings. But if you’re nervous about getting stung on a used car, fear not. Here [...]

Three Things You Need to Know About…The Price at the Pump

Welcome to the second installment of our new series! We’ve rounded up experts in the fields of economics and personal finance to answer common questions young people have about their money. For our second column, we’ve asked an economics expert for his insight on the high prices we’re paying at the gas pump. Got a [...]

Financial Advice From the President Himself

This week was the first Personal Finance Online Summit, held on Wednesday to give personal-finance experts the opportunity to discuss with the president the major financial issues affecting both the country at large and individual households on a smaller scale. At the end, President Obama shared the tenets he says he personally lives by. Here it [...]

Pop Quiz: Cosigning a Loan for a Loved One

Pretend your brother has come to you with a problem: His credit score is shot, but he wants to buy a new car. He is asking you not for money but to cosign an auto loan for him of $20,000. You have a flawless credit report and you agree, but less than a year later, [...]

What Is Your College Degree Really Worth?

Should colleges disclose to undergraduates the expected future salaries for people with degrees in their field of study? That’s the major question (no pun intended) posed by Georgetown University’s Center on Education and the Workforce, which compared the median lifetime earnings for bachelor’s degrees in a range of disciplines, from engineering and computer science to English [...]

The Economic Problem of Capping Prices

The New York Times had an article Thursday about the Obama administration’s proposal to cap health-insurance rate increases at 10 percent to begin in September. On its face, this may sound like a great plan: Who wouldn’t want to put a cap on prices to keep consumers from paying more? But the trouble with capping [...]

Top 5 Ways to Raise Money-Savvy 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. If you’re a parent or plan to be, you are in a position shape the money habits your children will have, even as adults. Beyond living by example, there are a few ways to make sure [...]

Top 5 Money Apps for Your Tablet or Smartphone

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. If you have a tablet or a smartphone, it’s easy to spend too much money every month on downloading new, fun apps to entertain you. But what if those apps could actually [...]