- The average high-school student thinks they will make $145,000 a year.
- Only 34 percent of teens understand credit card fees.
- The bankruptcy rate among 18- to 24-year-olds has increased by 96 percent over the last 10 years.
Shocking! You probably agree that we need to start teaching our kids about money. Read more
What you need to know to take control of your income.
The day I took control of my income was the day I quit my job. Of course, my timing was perfect, as my husband had just gotten laid off the week before. Two missing incomes, one mortgage and a lot of bills. But it pushed us to talk seriously about our potential to make it on our own, to build our own business and open the doors to even more success. Read more
The holidays can be an opportune time to instill financial values in children and grandchildren. Wish lists and gift shopping can help them distinguish between needs and wants. Donations and volunteering introduces them to the concept of giving. Mothers are often leading the charge when it comes to promoting financial education in the family. In fact, a Women & Co. study conducted in 2008 found that 92 percent of women consider themselves a positive financial role model to their children.
Don’t think you can whip out a coupon to save on a great personal computer? Think again. Great deals can be found online to help you compute for less.
Dig for Deals
First, dig for deals. This recession has taught us you don’t have to walk into a retail store and pay full price. Bricks-and-mortar retailers are offering great sales and enticing coupons to get you in the store. But don’t let that be the extent of your comparison shopping. Let your fingers do the walking with many great computer price comparison sites. Read more
How to Keep Your Family Looking Great without Breaking the Bank
by Cara Porchia
Shopping for clothes for your family may be the first thing you scratch off your list of priorities if you suddenly find yourself with less disposable income. But the truth is, what you wear can have a profound effect on how you feel about yourself and how potential employers or clients view you—not to mention how important staying stylish may be to your budding “fashionista” offspring. However, it is possible to minimize the impact a reduced budget can have on you and your family. Read more
The key to couponing at the grocery store is deciding how much time you have to devote. No time? Sign up for a grocery store reward card and take advantage of store sales without any work. Plenty of time? Comparison shop, use coupons and take advantage of a store’s price-matching policies. You can pick the best money-saving strategy for your lifestyle. Read more
The stock market lost 38 percent in 2008. But if you lost more than 20 percent, your problem wasn’t really the stock market—it was the design of your nest egg. Storms occur in markets, as they do in the real world, but your home shouldn’t be flooding every time they happen. Read more
by the editors of Fabulous & Frugal
Spring has sprung, and it’s time for a fresh, take-charge outlook on life. Even in challenging economic times, you can shed layers of old habits and make positive changes to your life.
We know how bills, paperwork and budgets stack up. It’s easy to pretend bills are not there if they’re hiding under a stack of coupons or the recent PTA newsletter. But taking charge of your finances can actually be quick and painless, with a few tips from the editors of Fabulous & Frugal.
1. Clean Out the Clutter without Tossing Your Safety Net
Are you wondering when it is safe to throw away old bills, receipts and paperwork? When you start your spring cleaning this season, don’t neglect your finances! Here’s what you should remember: Read more
Becoming a millionaire may sound impossible. Millionaire may strike you as a term that’s meant for other people, not you. But that’s just not true.
As you pursue your business objectives, it’s important to set and maintain personal financial goals—to make your money work for you as hard as you work for it! The reason most people don’t save enough or invest enough is that they have no idea what’s coming in—and how it’s flowing out. Cash slips through their fingers. Multiple credit card statements make it tough to track spending. And somehow the money is gone! Read more