Do you remember when you were a kid and you got an allowance? Maybe there was something special and you saved up for it. When you finally got it, it was a wonderful feeling.
Now, we halfway think we want something, whip out the plastic, and then have a heart attack with [...]
When you buy a house, you will experience a loan that is amortized. The first payment you make will be just a tiny bit of the principal (the actual amount of money you borrowed) and the rest will be an interest payment. For example, if your mortgage payment is $500, in the beginning [...]
There was a generation or two that retired at 65 or even earlier and had enough money to take cruises and do other interesting things. That is not the present generation of working people. Social security is scheduled to run out all too soon and in the recent financial troubles, many people have [...]
In this world of instantly checking your bank balance by internet or cell phone, the idea of balancing one’s account seems quaint, a relic from the past. Yet there are some compelling reasons to do this on a monthly basis, when your bank statement comes out.
So much of our money is electronic in nature. When we go to a store and use a credit card, there is no physical exchange of dollar bills. Instead, an electronic signal goes through a maze of computer networks from the store to your bank and back and you get a charge to [...]