Key Holiday Spending Moves By Suze Orman
I know it’s still early fall, but I hope you will hear me out on why it is essential to figure out your holiday spending strategy ASAP. I have always tried to help you right-size your holiday gifting so you don’t greet the new year with a spending hangover. But this year is shaping up to be extra dangerous if [...]
Survey: 67% Say Personal Finance Should Be Required in High School
A survey from U.S. News & World Report reveals that over two-thirds of respondents believe that a personal finance course should be a requirement to graduate from high school. On top of that number, another 26% say it should at least be offered as a high school elective. According to Next Gen Personal Finance, 21 states require at least some personal [...]
Ways to Teach Kids About Money
There are a lot of good reasons to teach your kids about money. For one, you don't want your children repeating your financial mistakes. Also, if you raise financially savvy adults, chances are they won't someday be asking you for money. By helping them, you're helping yourself. Teaching your children about money is also simply the right thing to do. [...]
Saving for College: 5 Costly Mistakes to Avoid
A 529 college savings plan offers many advantages, but it can come with some surprising pitfalls. Here are five mistakes to avoid. Opening a college savings account is a smart way to invest in the education of a family member, a friend, or even yourself—and it often comes with tax benefits. A popular option is a 529 college savings plan. [...]
Kids and money: Teaching kids financial responsibility
Teaching your kids about financial responsibility means setting a budget -- and deciding what to do when children run afoul of their own guidelines. One answer is to require them to save their allowances in locked boxes. But since this doesn't teach restraint and you won't always be around to oversee savings deposits, there are more instructive ways to make [...]
We’re not talking to our girls enough about money
It’s downright shameful that in 2020, despite advancements in education and career opportunities, women still earn around 80% of what men earn. And when you combine that smaller paycheck with the fact that women often take unpaid leave to care for children or other family members (leaving them with fewer working years to save for retirement), the situation can become [...]
How to Move Out of Your Parents’ House
The portion of Americans living in multigenerational homes has continued to rise in recent years, and the trend "shows no sign of peaking" according to the Pew Research Center. A new analysis published in March indicates nearly a third of young adults ages 25 to 29 live in multigenerational households, often in their parents' home. Young men are more often [...]
Inside the Psychology of Overspending
Financial stability comes from following the basics of personal finance, like creating a budget, but there's also an emotional element in attitudes and decision-making around money. One common financial challenge, overspending, can be eliminated with a combination of practical strategies and emotional understanding. "People need to deal with the psychological side of money as well as the economic and financial [...]
