Monthly Archives: September 2009

Economic Literacy Organization Helps College Students Avoid the “Freshman Financial Fifteen”

9/30/09 – Economic Literacy Organization Helps College Students Avoid the “Freshman Financial Fifteen” The Center for Economic and Entrepreneurial Literacy Gives Students Tips to Avoid Common Financial Mistakes WASHINGTON, DC — Today, the Center for Economic and Entrepreneurial Literacy (CEEL), www.Econ4U.org, offers college freshmen (and all students) a list of the “Freshman Financial Fifteen” — [...]

Avoid the Freshman Financial Fifteen

College students have a lot to deal with: New classes, new surroundings, new friends, and adjusting to a new lifestyle away from home.  It’s easy to get wrapped up in the college scene and forget to take care of your finances, but making good decisions early will pay dividends later.  Here are fifteen financial missteps [...]

Famous Financial Flubs: Pamela Anderson Edition

Pamela Anderson has been famous for her, well, physical assets for decades, but it turns out she isn’t as well endowed in the financial department. According to People magazine, Los Angeles County records show she owes more than $1.1 million to creditors: According to the documents, five different construction companies have filed liens against her [...]

When Is Carpetbagging A Smart Idea?

On Tuesday, I blogged about one group’s state-by-state national scorecard of financial health (released this week), and it got me thinking: Why do more people not just move to where the jobs are? It seems like a no-brainer if you live in an economically depressed area to simply go somewhere with better opportunities. Of course, there [...]

Ranking the States on Families’ Financial Security

The nonprofit Corporation for Enterprise Development (CFED) just put out its 2009-10 Assets & Opportunity Scorecard, which ranks all 50 states and the District of Columbia according to the job, education, wealth-building, and homeownership opportunities afforded to families. Each state was assigned a letter grade based on their performance on 92 policy and outcome measures [...]

Financial Website Find of the Week: Investing Classroom

The stock market has had a couple of good weeks in a row but unless you’re invested in it, the recovery isn’t doing you much good. If you haven’t a clue about where to start in the stock market, Morningstar.com’s Investing Classroom offers a bunch of free online tutorials to teach you the basics about [...]

Poll Shows More Americans Living Paycheck to Paycheck

A CareerBuilder survey of American workers in May and June found that 61 percent of respondents say they are “just getting by.” The increase in the number of Americans who find themselves living paycheck to paycheck is up more than 10 percent from last year, and almost 20 percent from 2007. Surprisingly, 30 percent of [...]

Retailer Tricks That Only Pretend to Save You Money

No doubt about it, retailers have been hit hard by the reduction in consumer spending. But a few new trends in retail marketing could lead even the savviest shoppers into a financial trap. MSN Money columnist M.P. Dunleavey wrote last week about the way outlet malls use psychology to seduce consumers into paying more for [...]

Consumer Borrowing Plummets

New numbers released by the Federal Reserve on Tuesday show that consumer borrowing decreased for the sixth consecutive month in July. A Wall Street Journal article notes that consumers are distancing themselves from debt both “by choice and by force, reflecting a combination of the thrifty attitude and tighter lending conditions that have defined the [...]

The Financial Benefits to Renting vs. Owning

Most people believe owning a home is the American dream, right? Not necessarily. The idea that you’re just throwing your money away by renting is no longer the rule — in fact, over the past few years, many more people have thrown their money away by buying. The government offers several financial incentives to homeownership. [...]