There are a lot of personal finance experts out there trying to get your attention with bold predictions and feel-good advice. Not all of them have your best interest in mind, however. It can be difficult to separate fact from fiction, myth from reality when it comes to personal financial advice. Lucky for us, Trent… Read More
CHARITABLE GIVING HITS NEW HIGH (AS REPORTED BY AARON SMITH ON MONEY.CNN.COM)
Money given to charity in the United States accounts for 2% of GDP. And in 2015, we hit a new record high for total charitable contributions. Individuals gave just over $264 billion. Corporations and foundations added almost $80 billion more to that, to bring the annual total to $373 billion, 4% higher than the year… Read More
CAR INSURANCE FOR YOUR KIDS (AS REPORTED BY ANN CARRNS ON WWW.NYTIMES.COM)
Insurance is a cost that many people forget to factor into their financial planning and budgeting processes. Most Americans will at some point in their lives pay for health/medical, home, life, and auto insurance. And those costs aren’t fixed. They change depending on what happens to you, where you live, etc. A recent article in the… Read More
SODA TAX PASSES IN PHILLY (AS REPORTED BY JEANNE SAHADI AND AARON SMITH ON MONEY.CNN.COM)
Philadelphia became the second in the country to pass a tax on soda and other sugary drinks. The tax, 1.5 cents for every ounce or $0.18 for a can of soda, will go into effect January 1, 2017. This could be a sign of things to come for those of us who do not live… Read More
HOW TO DO YOUR TAXES (AS REPORTED BY STEVE ROUSEAU ON WWW.DIGG.COM)
From January to April every year, you will hear plenty of people talking about taxes. The deadline to file their taxes, for most people, is April 15th (aka Tax Day). Most people don’t take the time to understand exactly how filing taxes work. They either subscribe to a free or low-cost online solution, or they… Read More
AWKWARD MONEY MOMENTS (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)
No matter what you believe or know about money, you are likely to run into one of several common moments in your life when things get a little awkward. Say your credit card gets denied in public, or you loan a family member money and they fail to pay it back in a timely manner…. Read More
LACK OF FINANCIAL EDUCATION (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)
Lack of financial education early in life can and does lead to important financial mistakes. Young people, starting at the age of 18, are able to access key methods of financial assistance, such as loans and credit cards. However, most are not fully-prepared to do so, because they don’t have the education necessary to make… Read More
9 STRATEGIES FOR EARNING MORE MONEY (AS REPORTED BY TRENT HAMM ON WWW.THESIMPLEDOLLAR.COM)
Earning more than you spend is the ultimate piece of wealth-building advice. But most people that tell you that focus on how to spend less. What if you can accomplish all you want simply by earning more? Sounds better than spending less money, right? Trent Hamm, in this article for his blog, The Simple Dollar,… Read More
FINANCIAL RESOLUTIONS FOR 2016 (AS REPORTED BY HAROLD POLLACK ON WWW.VOX.COM)
When it comes to effectively managing your finances, the old adage, you get what you pay for might hold true. That is, people who pay for professional help often come away with a better handle on their money than people who try to go it alone. Writing for Vox, Harold Pollack lays out his top… Read More
WHAT DOES PLAYING WITH MONEY DO TO KIDS? (AS REPORTED BY HEATHER LANDY ON WWW.QZ.COM)
There have been many studies and experiments dealing with money as a motivator. In the business world, managers want to know how to use money to get more out of their employees. But little has been noted about the effects of money on kids. Now, a set of studies from around the world have noted… Read More