Marriage is a serious phase in anyone’s life. Not only will you be sharing your life with another person, but you will also be financially responsible for each other. Money can be an awkward subject to tackle especially if you are not on equal financial footing. However, with the right approach, money need not be a sore point for you as a couple.
Have you ever thought that you understood why people do certain things, only to figure out the opposite is true? I thought I had finances figured out. I used to think that I understood why people used short term loans. Yet, after reading a New York Times article, I have come to change my perspective. People don’t use this kind of quick loans for the reasons that I once thought that they did. Many people often scoff at the first mention of them as people who prey on others’ unfortunate situations. I’m not sure that’s the situation.
My secret is out. Scratch that – I doubt I’m the only one who ever figured out this frugal hack on how to turn the tables of your local grocery store’s salad bar, but being that I usually see at least one person making the same mistake every time I go shopping, I’d wager more [...]
Not quite sure how I feel about a Monopoly game where a computer does all of the financial math for you since my grandfather taught me the basics of financial transactions, and in a very elementary respect (for a 5-10 year old mind), the basics of personal finance and money management with a paper money [...]
Over the long haul, the gap between incomes doesn’t seem to be all that terrible. After nearly a century, one would expect income growth to be reasonably balanced after such a large data set. However, things get a little crazy in the early 80s. More friendly tax policies, aggressive lobbying for loopholes, insane levels of [...]
Something tells me harvest time will be extra colorful this year. This years batch of seeds, mostly heirloom seeds (e.g. no genetically modified seeds) cost me ~$80, but the resulting produce will be worth a minimum of 10 times that. Even if you’re a farmer’s market novice, you’ll know the specialty heirlooms — the Orangeglo [...]
With the rise of web based and mobile financial tools, I’ve been something of a late adopter. Actually, I’m more of a “no” adopter. Sure, I trade a few stocks online or I’ll purchase a few gifts using a one time use only credit card number, but other than that, my trust in placing all [...]
Interesting infographic from The Atlantic… Unemployment rate –> DOUBLED Daily consumer spending –> DOWN 47% Taxes collected from firearms & ammo –> UP 57% Savings rate –> UP 171% Personal bankruptcies from 09/06 to 09/07 vs. 09/09 to 09/10 –> DOUBLED Percentage of 18 to 29 year olds that moved back in with parents –> [...]
The problem I most often run into when talking basic personal finance metrics like FICO scores, credit reports, and overall creditworthiness is that many people fail to realize that your FICO score is based on pure statistical evidence with no consideration for judgment and does not allow for human emotion. So a recent “Come to [...]
Some seriously scary underwater homeowner chartporn via Bloomberg Businessweek. Finance people and math geeks (like me) plot these types of XY graphs in their head without thinking about it, which is probably why we avoid debt like the plague, but if more people could close their eyes and visualize just how screwed they could potentially [...]
For those who like to get their financial media the old fashioned way — in print via snail mail — here’s some good news for ya… It’s hard to beat a $1 per issue offer in this day and age, especially if you’re the type that likes to hold a physical magazine or newspaper, but [...]