Last week we showed you how a seemingly-low interest rate on a loan can add up over time – or how you can end up paying $430,000 for a $200,000 house.
This week we’re covering a happier topic: how the same principle can help you build serious wealth for the long haul.
You already know it’s important [...]
February 24, 2010 – 3:23 pm
This week, the Credit CARD Act of 2009 finally goes into effect. Some parts of the law were phased in as early as August of last year, but consumers had to wait until now for most of the biggest changes.
For the most part, the new rules will just stop problems before they start – like [...]
February 9, 2010 – 10:41 am
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 own a smartphone, you’re familiar with the phrase “there’s an app for that.” Whether you have an iPhone, BlackBerry, or ‘Droid, you will want to make space for one of these [...]
February 5, 2010 – 2:02 pm
Thomas J. Stanley, the author of bestselling personal-finance guide The Millionaire Next Door, has recently published a second book for aspiring millionaires everywhere. Stop Acting Rich (…And Start Living Like A Real Millionaire) offers Stanley’s research on the wealthiest people in America and how the rest of us can learn a thing or two about wealth [...]
January 29, 2010 – 3:31 pm
A few months ago, I wondered aloud whether spendthrifts and tightwads can ever find marital bliss. But the real question is, given that money is the most-cited reason for divorce, what do you do when you realize you’ve married your financial opposite?
Personal finance writer M.P. Dunleavey at MSN Money tackled this issue in her recent column:
Rather than [...]
January 19, 2010 – 6:52 pm
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.
Have you broken your New Year’s financial resolutions yet? If so, today’s edition will help you get back on track by pointing out the most common banking mistakes people make — and how [...]
December 23, 2009 – 3:38 pm
Hannah’s post yesterday on how to get out of credit-card debt referenced the Federal Reserve’s most recent Survey of Consumer Finances, which is full of fascinating data about which households are the most likely to be in debt.
Overall, 46.1 percent of American households reported holding debt on credit cards. But a look at who is [...]
December 18, 2009 – 5:40 pm
If you’re one of the millions of people who will be boarding a plane in the coming week, you should probably know that you’ve paid an extra $20 for the privilege of going through airport hell over the holiday season.
The four biggest carriers levied a holiday air-travel surcharge – labeled “miscellaneous surcharge” on your e-ticket [...]
December 11, 2009 – 5:55 pm
If you’ve been judiciously saving up for your first home but didn’t make it in time for the $8,000 tax credit deadline on November 30, here’s an early Christmas present for you: The incentive has been extended through April 30, 2010.
The terms of the tax credit have been expanded to include current homeowners who meet [...]
December 8, 2009 – 2:26 pm
Welcome to this week’s edition of our Tuesday Top 5, our weekly tips post to help you manage your money in five easy steps.
In honor of the newest addition to Econ4U’s Money Matters section, today’s tips center on how to make — and stick to — a realistic budget. If you don’t have a budget or [...]
