In the latest episode of Therapy For Your Pocketbook, Susie worries about who will take care of her parents — and pup — if something happens to her. Finance expert Manisha Thakor
says buying life insurance in your 20s is a common mistake. The purpose of life insurance is not to take care of your parents, but your dependents. If you don’t have dependents, skip it. [Therapy For Your Pocketbook
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Just a few years ago, Stefani Germanotta was living in a small apartment in New York City while working hard to make it in the music business. These days, she’s headlining Madison Square Garden, capriciously writing on Birkin bags with Sharpies, and strutting around in Alexander McQueen heels. But that’s not all. When Lady Gaga isn’t on the road entertaining her little monsters, she’s chilling in some majorly spacious digs — her six-bedroom, eight-bathroom mansion in Bel-Air! Talk about a lifestyle change. And though she’s experienced some money issues in the past, having already reported losses of about $3 million dollars, Gaga clearly can’t put a lock on her expenses, and is shelling out $25,000 a month for her brand-new house. The gorgeous property spans about 6,143 square feet, boasts a gate, marble floors, curved staircase, huge pool and a gourmet kitchen. Hopefully, her good luck and fame continues in order to keep up with the spending habit she’s acquired. Check out another photo, after the jump … [Real Estalker] Keep reading »
Usually “burning money” is a figure of speech. But Sweden‘s feminist party literally set fire to $13,000 (or 10,000 Swedish kronar) to symbolize the amount of money women aren’t getting every minute compared to men. An advertising agency donated the $13K, which members of the Feminist Initiative heaped on a BBQ. According to Sweden’s statistics agency, in 2008 the average salary for women was about 19 percent less than for men. Keep reading »
Of all the personal essays I’ve written, “Why Marrying For Money Isn’t A Totally Bad Idea” has provoked the biggest response. It has actually run twice on the Frisky site: once about a year ago and again in June for our Cash & Coupling feature. Due to all that exposure, it has racked up comments numbering in the hundreds and been written about (90 percent negatively) on dozens of blogs. Someone even sent me an email calling me a “yeast infection”!
Some of the things written about the post, and about me, are so untrue that I’m not sure the author actually read the essay all the way through. But it’s clear to me — both from the tone of the comments and from seeing the piece run with “fresh eyes” for a second time — that I did not explain myself and my beliefs very well. I think that instead of being speculative, I should have gotten more personal.
So. Here we go, again … Keep reading »
When I moved a couple weeks ago from Manhattan to Brooklyn, I was reminded once again that there are certain things in life that are simply worth shelling out money for, no matter how tight your budget is. Anyone who has hired professional movers after experiencing the pain of moving without them knows exactly what I’m talking about. After the jump, 20 more things that are worth spending a little extra on. Keep reading »
Out in paperback now: the book Smart Girls Marry Money: How Women Have Been Duped Into the Romantic Dream—And How They’re Paying For It, by Elizabeth Ford and Daniela Drake. Forget for a moment that they annoyingly refer to grown women as “girls” in their title and check out their thesis: because, for a variety of reasons, men earn more money than women, it’s a wise move to marry someone who can provide for you and your family. Keep reading »