Online banking is officially here to stay. Over the last ten years, online banks are the only banks to show consistent and significant growth in new customers. More and more people are moving their savings accounts, checking accounts, and credit cards to new banks without a physical location. But why? One reason is that because… Read More
Finance and Marriage (as reported by Michael Chamberlain on www.forbes.com)
Marriage is a defining moment in one’s life. It is also a time, though most people choose to believe otherwise, when personal finances take on even greater importance. The reason why is that two people with two separate financial situations and views are now joining together. The most important thing couples can do before they… Read More
50/20/30 Budget Rule (as reported by blog.mint.com)
Budgeting can be a difficult skill to learn for most people. As humans, we have a natural tendency to value the present over the future. And so when we begin making money, we would rather spend it than save it. A simple rule can help you begin to think differently. The 50/20/30 Rule (or 50/20/30… Read More
Poor Investment Choices (as reported by John Aziz on theweek.com)
There are big differences between the way rich people invest their money and the way poor people invest their money. Some of this has to do with taste or accessibility, but some of it unfortunately has to do with awareness. Rich people, it seems, are simply more aware of the investment options which historically outperform… Read More
How to Retire Early (as reported by Michael Ruderman on blog.personalcapital.com)
It is the dream of many working Americans to be able to retire ahead of schedule. The average retirement age in the US is currently about 65 years old. How can we aim to retire before 60? Before 50? Michael Ruderman, writing for Personal Capital, put a list together of seven of the top lessons… Read More
4 Money Lessons for Children (as reported by Ashley Eneriz on www.moneyning.com)
Where are we supposed to learn about money? At school? In the home? Through trial and error? The truth is, most Americans don’t know enough about finances to teach their kids. But due to lack of financial education in schools, the home is where most of our financial training comes from. Parents would do well… Read More
Thinking About Money (as reported by Claudia Hammond on www.qz.com)
This may seem obvious, but how we think about money impacts how we spend it. A classic thought experiment repeated many times over proves the theory that as human beings, we mentally separate money into different “accounts” by what we intend to use it for. And the way we do this makes it more or… Read More
MoneyW!SE Program Concludes in the Bronx
NEW YORK, N.Y. – Working in Support of Education (w!se) is pleased to announce the conclusion of a successful semester of our MoneyW!SE program for survivors of domestic violence in the Bronx, NYC. Now in four major US cities, the program is made possible in the Bronx through a generous grant from The Allstate Foundation. Read More
Cash Instead of Cards (as reported by Saundra Latham on money.cnn.com)
Studies of financial behavior have indicated for years that American’s spend more money when they rely on credit cards than when they rely on cash. Credit cards allow us to put off the pain of paying for something, while still getting the immediate satisfaction that whatever we’re buying brings. A simple solution for spending less… Read More
Donald Trump’s Impact on Your Finances (as reported by Rob Berger on www.forbes.com)
It’s official, Donald Trump will be the 45th President of the United States of America. Whether or not you voted for him, this fact is likely to result in a number of changes that could impact your financial well-being. First, depending on how much money you currently make, you could see a change in taxes…. Read More