Personal Finance Blog
Earlier this year I read a great blog post from Ramit Sethi about how people often focus on the wrong side of the personal finance equation: we’re often told to save money, be more frugal, stop drinking so many lattes, etc. but few people ever try … [Read more...]
In recent years, even at a time of global recession, the world’s wealthiest people have been getting wealthier and wealthier. In fact, the wealthiest 5 percent of American households received 81.7 percent of the total wealth gain in America between … [Read more...]
Mortgage foreclosures and the housing crisis are not only affecting Americans' finances, but also their health, according to a recent study by the American Journal of Public Health (AJPH). If you think about it, anytime you have problems with … [Read more...]
There has been a lot of conversation in the news recently about the Occupy Wall Street protests and the idea of the "1 percent" (i.e. the wealthiest 1 percent of Americans at the very top of the income scale) and the "99 percent" (i.e.the rest of … [Read more...]
By: Jim Sloan, MoneyRates.com The recent hubbub about debit card fees could have a big impact on you and your credit card. In case you missed it, Bank of America proposed a $5-a-month fee on use of its debit cards, which it planned to roll out … [Read more...]
Most of us have heard of the concept of “net worth” – a measure of total wealth, calculated by taking a person’s total assets minus their liabilities. But when we talk about the true “worth” of someone’s life, did you know that some … [Read more...]
Every now and then, I read a news article that makes me want to run through the streets stopping passersby and begging them to read it. This article by Don Peck in the Atlantic Monthly, “Can the Middle Class Be Saved?” is one of them. This is a … [Read more...]
In much of the news coverage of the "Great Recession" over the past few years, many people have used the phrase, “When the economy recovers.” It's a given for many of us that somehow, someday, our economy is going to go back to “normal” and … [Read more...]
In the early 1960s, a new dance craze gripped the nation: The Twist. Youngsters stopped slow dancing and started “twisting the night away.” At the same time, the American economy was slow dancing too and The Twist sounded like just the thing to … [Read more...]
What is going on!? A few weeks ago, Standard & Poor's (S&P), one of the big three credit rating agencies, placed the United States' debt on negative credit watch, meaning our nation's debt was under review for a possible downgrade. Then, … [Read more...]
A couple of days ago, I wrote an article on the S&P credit downgrade and its impacts on your personal finances. Literally hours later, the Federal Open Market Committee (FOMC), who sets the fed funds rate and is a major influencer on overall … [Read more...]
