Managing your finances and growing your wealth is not easy. At the same times, it’s not all that complicated. Almost all personal financial advice share some of the same tips in common. And when you boil it all down to their most basic forms, this advice can usually be doled out quite simply. Everyone should… 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
MIDDLE-CLASS RUNNING IN PLACE (AS REPORTED BY SHEYNA STEINER ON FINANCE.YAHOO.COM)
It’s been a long time since most Americans saw a substantial increase in their earnings. Middle-class incomes have barely kept pace with inflation over the last several decades. And that means more Americans are just barely getting by. The results of a recent survey by Bankrate show that 38% of people rate staying current on… Read More
w!se’s Fall Class for Domestic Violence Survivors in NYC is a Resounding Success
NEW YORK, N.Y., December 16, 2015 – Working in Support of Education (w!se) is excited to announce the resounding success of its fall MoneyW!SE program for Survivors of Domestic Violence in New York. This fall, every survivor in the class passed the w!se Financial Literacy Certification Test. Read More
PERSONAL FINANCE QUIZ (AS REPORTED BY ASHLEY RODRIGUEZ AND KEITH COLLINS ON WWW.QZ.COM)
Standard and Poor’s, Gallup, The World Bank and George Washington University created a short, 5-question personal finance assessment. 150,000 people in 140 countries then took the test last year. Want to know how many passed? The answer is just 33%. Only one-third of all participants were found to be proficient in at least 3 of… Read More
FAFSA CHANGE (AS REPORTED BY ZINA KUMOK ON BLOG.MINT.COM)
FAFSA stands for Free Application for Federal Student Aid, and is the primary way that most college students apply for tuition assistance. And next year, there is a big change that people need to be aware of. Instead of waiting until January 2017 to submit the paperwork for students beginning college in the fall, parents… Read More
CHECK YOUR 401K FEES (AS REPORTED BY JOHN COUMARIANOS ON FINANCE.YAHOO.COM)
Do you know how much you are paying in fees in your 401k plan? Most people don’t. If you’re lucky enough to be enrolled in a company-sponsored 401k retirement plan, you might want to ask how much the fees are. A recent study of plans from a number of different companies found that the average… Read More
AN APP TO STOP US FROM LYING TO OURSELVES ABOUT MONEY (AS REPORTED BY JENNY ANDERSON ON WWW.QZ.COM)
As humans, it is in our nature to lie to ourselves. We do it without thinking about it, really. And in the world of personal finances, it has become a problem. Instead of saving for the future, we spend money today on things we don’t need. And we do this because we underestimate how much… Read More
ALL ABOUT CREDIT SCORES (AS REPORTED BY TRENT HAMM ON WWW.THESIMPLEDOLLAR.COM)
Credit scores were invented as a means of helping financial institutions trust people they were making loans to. An individual with a high credit score is more likely to pay back a loan than someone with a low score. Credit scores are managed by third-party organizations, called credit bureaus. Scores go up and down based… Read More
HIGH EARNING POOR PEOPLE (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)
Many times you see and hear about how much people make. Most articles about inequality focus on ‘income inequality’. But income is not the only, or best, measure of how people are doing financially. Just focusing on income ignores wealth, how much money people actually have to their name. And it turns out America is… Read More