Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts
Wednesday, October 9, 2013
Patience and Frugality May Be Better Than an MBA
A retired secretary born in rural Illinois in 1909 dies with a $7 million estate and donates it all to charity. That same year, 2010, an ex-CEO of Merrill Lynch who got his undergrad from Dartmouth and MBA from the University of Chicago files for bankruptcy. Maybe we need to change our approach to financial literacy.
Monday, October 7, 2013
Americans Cut Back on Credit Card Usage
We're sure much of this has to do with the drama spewing out of Washington, D.C., but it's still a good thing.
Social Security Recipients at Risk
Here's another reason to not rely on Social Security. Studies suggest that Gen Y and Millennials don't expect to be around for them and are planning otherwise. Unfortunately, many current recipients may not have planned accordingly. All generations should plan as if Social Security won't be around to help them. For your own security, consider it a perk.
What's the Worst Kind of Debt?
Here's a list of the pros and cons of various forms of debt. We would argue that some debit, such as credit card debt, is worse than others. This article takes a more middle-of-the-road approach.
Saturday, October 5, 2013
RSVPing "No"
43% of Americans say they've declined attending a wedding because of expenses. We have and I think some brides are still angry with us. If you can't afford it, you can't afford it. 43% seems a little low, too.
The Debt Ceiling Discussion in Pictures
CNNMoney has, essentially, put together a PowerPoint describing the issue with the debt ceiling.
Friday, October 4, 2013
2013 Shipping Wars Are Starting
Maybe you should avoid the malls altogether this holiday season. We stay away from all malls from mid-November through mid-January. It's not that hard, actually, and avoids a lot of stress.
Yes, You Can Share Too Much
We don't know why one would share their credit score on Facebook, but apparently some people need to be told don't share everything in Facebook.
Are You Getting Your Moneys Worth with a Housekeeper?
It's hard to put a value on not having to spend our rare free time cleaning, but here are 10 things to consider.
Is This Anyway to Run a Country?
No, but when was the last time a politician cared more about doing what's right for the country rather than winning an election?
What Government Shutdown?
The stock market closed in the green today, though it was down for the week. Apparently the market sees all the political theater as just that.
A Weekend of Wine Without Napa Prices
If you want a relaxing, wine-centered vacation, you don't have to go to Napa. If you're within driving distances of any of these places, all the better/cheaper.
Banks + College = Problems
As we mentioned before, students need to be cautious about the financial services being offered by banks through their college. These relationships seem to be more profitable for the banks sitting on huge piles of cash and colleges sitting on huge endowments than for the student signing up for a life of debt and student loans.
Good Shopping Advice
Jean Chatzky provides good, seasonal shopping advice. Prepare and mitigate the holiday shopping overindulgence.
Unemployment by Country
There are interesting charts coming out today in the absence of a jobs report. CNN compares unemployment by country. Of course, this doesn't take into account the underemployed or those who have stopped looking. This fuzzy math isn't unique to the U.S. Government, though.
Football and Beer
If you're lucky enough to afford/have tickets to an NFL game this season, "save money" and drink a lot of beer.
Media Estimate Jobs Report Figures
Without an official jobs report, media outlets are reporting their own calculations. 24/7 Wall St. reports a 142,000 gain last month. CNBC Squawk Box calculates a 158,000 gain. Let's hope Congress' circus doesn't through a wrench in this.
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