The Honeymooners. Off We Go! (Infographic)
Honeymoon is usually a dream-come-true for many women who have fantasized about it since their early childhood. Perfect holidays don’t just happen, if you want to spend hassle-free holidays make sure you have everything planned beforehand. Planning in advance will also help you save some money and avoid unexpected expenses.
This morning, while stopping for a fix of my drug of choice, caffeine, I decided to calculate how much I was spending on my overpriced soy latte in big-picture terms. I figure, if I’m grabbing one before work every day, and each one costs me $4.15, then that’s got to be putting a pretty big…
The decision to save money is both a personal as well as a financial choice. Very often people may find themselves stuck between what they want to do (i.e. save on a regular basis) and what they think they can afford to do. Saving money may be considered a luxury by some people who don’t feel…
NEW YORK (CNNMoney) — Kids are raking in an average of $15 a week in allowance, according to a recent survey. But money earned isn’t money saved, and a majority of parents say their kids are spending their allowance just as quickly as they receive it.
While children generally receive a larger allowance the older they get, the average across all ages is $780 a year, according to a survey by the American Institute of CPAs. That’s enough to buy an iPad and an iPod Touch, or an XBox 360 with 10 video games. In just four years, a diligent saver could buy their first clunker to drive their friends around.
But, as the survey found, allowance money is rarely saved. Parents say most of their kids’ allowance is quickly spent on outings with friends or toys.
The AICPA’s survey found that 61% of parents pay an allowance, and more than half of them starting making these payments to their kids by the time they’re eight years old. Yet only 1% of parents say their child ever saves any of that money.
Part of the problem: More parents teach their kids about good manners, eating habits, and grades than money management. Eighty-one percent of parents say they’ve discussed managing money with their kids, compared to 95% who discuss good manners, 87% who discuss good eating habits and grades, and 84% who discuss the dangers of drugs and alcohol, the survey found.
My latest for CNNMoney
Is all debt bad? Not necessarily. Certain types of debt are either beneficial or detrimental as we try to improve our finances.
For instance, you can pay off debt consistently (like paying off a credit card in full each month) and establish good credit so that you can qualify to borrow money…
TGIF! Here are some informative posts we’ve found this week to help you stay on top of your finances:
The Secret to Saving Money - This great post from Generation X Finance explains how to get in the right mindset to save more money. Mind over matter!
In the media, women are commonly depicted as compulsive shoppers prone to frivolous spending. Case in point: Carrie Bradshaw of “Sex and the City.” More to come on this topic soon!
So which gender-related differences in spending habits are based on stereotype and which are based on fact?…
Great article. How does your money make you happy?
I am 3 for 3 in agreement on points in this article. I think (at least for me) that under-indulging can make life sweeter, that experiences are better than things and that giving (especially the right kind of giving) and enrich your life beyond belief. Especially with giving, it has to be personal and make YOU feel good. I find that I do little fulfilling giving to big name charities; I give to friends causes, to friendship and for what I believe to be good karmic ‘investments’. Like all things in life, only you can decide how your money can and will enrich your life.
Painless Ways To Save - The Habits of Highly Frugal People and How to Eliminate Financial Worry From Your Life
Have you ever met someone who seemed perfectly content with everything in life? It’s getting increasingly rare these days, but those kinds of people are out there. They don’t live in a mansion, and they don’t drive a Maserati In fact, they might even be renters. They don’t’ have all the new fangled gadgets that hit the marketplace, but the stuff they do have is pretty nice.
As of July 1st, 2012, new requirements will make your 401(k) fees more transparent. After over three years of discussion and debate, the Labor Department rules, known as ERISA (Employee Retirement Income Security Act) 404(a)(5) and 408(b)(2) will be put into effect. These laws will expose…