Woody Allen’s new film “Blue Jasmine” touches on a scenario familiar in many households. A wife signs tax and legal documents when presented by her husband without the knowledge as to what is really being signed. In the film, this lack of knowledge is the basis for a plot detailing the fall of a socialite… Read More
Finding Happiness with Money (as reported by Mandi Woodruff Finance.Yahoo.Com)
We all know the old adage that money does not buy happiness. But why do so many people think that more money will make them happier? And why is it almost never the case the more money leads to more happiness? Mandi Woodruff addresses the answers to these questions and makes some suggestions for spending… Read More
Children’s Understanding of Money is Earlier than once thought (as reported by Andrew Oxlade via telegraph.co.uk)
A recent released study by Cambridge University has provided some interesting insight into how and when children learn to understand finance. The age at which these habits develop is much earlier than many might think and will have profound effects throughout their lifetimes. The evidence in support of financial literacy education early in life continues… Read More
Cost of Selling a Home (As Reported by Carla Fried on WSJ.com)
The good news is home sellers are in a better position now than they’ve been since before the financial crisis. The bad news is that most don’t plan enough for the costs that most people incur when going through the sales process. In addition to commission for real estate agents, there are often out of… Read More
The Unpredictable Economy (As Reported by Quentin Fottrell on MarketWatch.Com)
We look to economists to help us understand why things happen the way they do, and try to shed some insight into what the economy will do in the future. But, as this article lays out, that last part is not as easy as it sounds. Even economists, who study it full time, have a… Read More
Consumer Spending Drops in April (As Reported by Shobhana Chandra via Bloomberg.Com)
The latest consumer spending numbers show that people in the US have slowed their spending in the wake of higher payroll taxes and broad cuts to government programs. Pundits might attribute the drop in consumer spending, the first such drop in more than a year, to hesitance and uncertainty in the broader economy. However, consumer… Read More
Curb Your Bad Spending Habits (as reported by Monica Ricci via finance.yahoo.com)
There are many reasons why a person may have a large amount of debt, but much of the time, it is simply because of bad or uncontrolled spending habits. Thankfully, it is never too late for a person to change his or her ways and rein in spending. By utilizing the five tips provided in… Read More
Supply & Demand in the iPhone Market (as reported by Quentin Fottrell via marketwatch.com)
The laws of supply and demand dictate that if demand is met by disproportionately high supply, there will generally be a decrease in the price of a good. Furthermore, if there is a high supply of a good which is similar to another good in the market, individuals may be unwilling to continue paying high… Read More
Identity Theft: dangers and prevention (as reported by Sheyna Steiner via bankrate.com)
Despite its recent comedic portrayal in the media, identity theft can prove to be a very problematic and even life threatening situation. In this article, victims’ stories illustrate the multiple problems they face and the difficulties of remedying them. Learn the most common ways people put themselves at risk and the best identity theft prevention tips here. Read More
New Year’s financial resolutions! (as reported by Divya Rahhavan via nerdwallet.com)
It is a new year, time for resolutions! Many people include a financial resolution or two on their list. Check out what Nerd Wallet has compiled as some of the best New Year’s financial resolutions—you’ll find the traditional ones like paying off debt, and many others that might just give you an idea of… Read More