Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. If you’ve read a newspaper in the past 3 years, you may have been alarmed at reports of a volatile stock market, high unemployment, and retirement plans in jeopardy. Ever wonder if [...]
Broke professional sports stars are nothing new, but ever wonder why athletes — with their outsize salaries — seem so much more prone to bankruptcy than Average Joes? The New York Times took a shot at answering that question in a recent “Your Money” column by interviewing Hall of Fame quarterback Steve Young: Steve Young has [...]
In the good ol’ days, a gold or platinum credit card signaled that you had arrived. It meant lenders considered you a good credit risk with significant spending and a sterling payment history. With that came perks, most often a higher credit limit and cash back on purchases as a concession for a bank’s best [...]
The Real Housewives reality-television franchise has spawned more bankruptcy filings than pro sports and celebrity accountant Kenneth Starr combined. We wondered why, so we reviewed the most notorious examples of the “real housewives” living beyond their means. Teresa Giudice is one of the most combative Real Housewives of New Jersey, and with this group, that’s [...]
It’s been a few years since Saturday Night Live produced this skit — and boy, has a lot changed in the global economy since 2007 — but its message will still make anyone interested in personal finance giggle. Starring Steve Martin and Amy Poehler as a frustrated couple in debt, the video hawks a free [...]
A new survey just published by the National Bureau of Economic Research found that 50 percent of U.S. respondents faced with a hypothetical emergency couldn’t come up with $2,000 within 30 days. That’s not encouraging, America. While funding an emergency account can seem like a low priority compared with paying monthly expenses, having access to [...]
Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. If you’re a parent or plan to be, you are in a position shape the money habits your children will have, even as adults. Beyond living by example, there are a few ways to make sure [...]
Last October, R&B singer Toni Braxton filed for bankruptcy — for the second time in 12 years. The court determined she owed her creditors — among them Tiffany & Co., Neiman Marcus, and the Four Seasons — between $10 million and $50 million in unpaid debts. Now Braxton has a reality television show ready to [...]
Blue Monday, officially the most depressing day of the year, is coming up on January 24. How was it calculated? Here’s the official formula, courtesy of the U.K.’s Mental Health Foundation: According to the scientists who developed it, “The model was broken down using six immediately identifiable factors; weather (W), debt (d), time since Christmas [...]
Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. According to a recent poll by Consumer Reports, a whopping 13.6 million Americans are still paying off the debt they incurred from last year’s holiday shopping. To keep yourself out of that [...]
