Category Money

UNPREDICTABLE PAYCHECKS (AS REPORTED BY JONATHAN MORDUCH AND RACHEL SCHNEIDER ON WWW.THEATLANTIC.COM)

A new report called the US Financial Diaries wanted to look at something that most studies of personal finances ignore, the day to day impact of incomes and expenses for many Americans. While most people understand that poor or working class families often live paycheck to paycheck, the US Financial Diaries reports that far more […]

MONEY MISTAKES WE MAKE WHEN WE’RE YOUNG (AS REPORTED BY MIRANDA MARQUIT ON WWW.MONEYNING.COM)

All Americans, whether they go to college or not, are expected at some point to have the wisdom and experience necessary to make intelligent life decisions. When it comes to managing money, too often we are expected to make decisions before we have the skills or training to do so. And that’s why so many […]

HOW TO BECOME A MILLIONAIRE (AS REPORTED BY RICHARD REIS ON WWW.QZ.COM)

If you want to become wealthy, the best way to get there is not winning the lottery or inventing some brilliant new piece of technology. No, the best way to get there is to follow the tried and true personal finance advice of those that came before you. Follow it religiously, without interruption, over a […]

GIVE YOURSELF A RAISE (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)

Growing one’s wealth comes from following two simple pieces of advice: earn more and spend less. Easier said than done, sure. But still true. Earning more can come from a raise or a promotion, most commonly. But there’s nothing saying that you can’t take it on yourself to earn more when that raise isn’t coming. […]

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 […]

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 […]

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 […]