R. Kelly is in trouble again, although at least this time it’s not a big-time felony mess. The Associated Press reports that he hasn’t made a mortgage payment on his Chicago mansion since June 2010, leading JP Morgan Chase to initiate foreclosure proceedings against the R&B singer: Crain’s reports the Olympia Field home’s appraised value fell [...]
How much money do you save? Maybe you’re someone that dutifully sets aside money from each paycheck. Conversely, maybe you’re someone who has never met a dollar they didn’t want to spend right away. Perhaps you’re somewhere in between these two extremes. If you’re not saving at all, it’s time to start. If you are [...]
In the first survey of its kind, the Pew Internet Project found that 35 percent of all American adults own a smartphone. (As Mashable.com points out, that means more people have smartphones than college degrees in the United States.) The study found that 59 percent of people in financially well-off households (defined as income above $75,000) [...]
Despite the encouraging news that women in their 20s have more than made up the salary gap — with recent census data indicating that single, childless women outearn their male peers by 8 percent — women as a group are light years behind men in retirement savings. Why is that? For starters, as this Fidelity [...]
In May, we brought you some of the lessons that having a summer job teaches teens who are working for the first time in their careers. Now that summer is in full swing, the Christian Science Monitor has some more valuable takeaways from that first job: Getting to know tax forms and direct deposit. Having [...]
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. You probably already know that buying a new car is a fast way to burn through your savings. But if you’re nervous about getting stung on a used car, fear not. Here [...]
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. Maybe you’ve just graduated and need to find a new place to live, or perhaps it’s time to say adios to your roommates and get a place of your own. Moving can [...]
This week was the first Personal Finance Online Summit, held on Wednesday to give personal-finance experts the opportunity to discuss with the president the major financial issues affecting both the country at large and individual households on a smaller scale. At the end, President Obama shared the tenets he says he personally lives by. Here it [...]
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 [...]
Pretend your brother has come to you with a problem: His credit score is shot, but he wants to buy a new car. He is asking you not for money but to cosign an auto loan for him of $20,000. You have a flawless credit report and you agree, but less than a year later, [...]
