In the latest episode of “Therapy For Your Pocketbook,” Connie, who recently moved in with her boyfriend, shares her desire to move away from their bongo-playing, hippie neighbors and move into a house of their own. But she’s torn between saving for retirement and saving for a home. Finance Expert Manisha Thakor advises her to split her extra money in half — half CD, half IRA. [Therapy For Your Pocketbook]
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Raise your hand if you’ve ever avoided looking at your credit card bill (easier now, thanks to automatic payments) or bank balance? We’re oftentimes guilty of not managing our money as best we could, and we hate to use technology as the culprit, but you can’t deny that money
is becoming increasingly abstract with online banking. That’s an issue a group of MIT students address with a project that creates mechanical wallets to make you more conscious of spending. One wallet buzzes when you make a transaction, another inflates or deflates to reflect your bank balance, and one (our favorite) includes a hinge that becomes more difficult to open as you get closer to your monthly budget max. Check it out! [Gizmodo
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It’s time again for “Dear Wendy Updates,” a feature where people I’ve given advice to in the past let us know whether they followed the advice and how they’re doing today. After the jump, we hear from “Money Isn’t Everything” whose newish boyfriend felt uncomfortable with the amount and type of gifts she was giving him and his family. So, has she curtailed her gift-giving? Has he become more comfortable with her expressions of affection? Find out after the jump. Keep reading »
Hey, I’ve got a great idea—let’s give tweens and teenagers their own credit cards! Oh wait, I actually think that’s a terrible plan, but the Kardashian sisters are all about it. They’ve even lent their name to the new Kardashian Prepaid MasterCards. Which will be available for kids as young as 13.
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We know you love your man for more than how much he reminds you of Don Draper when he puts on his suit and tie every day, just like we know that you aren’t with him for his paycheck. That said, a voluntary career change involving a serious pay cut isn’t necessarily easy to cope with. If your significant other has come to you wanting to talk about a career change, hopefully it’s something you can believe in, like supporting his lifelong desire to be a teacher, not joining his little brother’s garage band. But even if your heart’s behind him and your relationship’s rock solid, it doesn’t mean that your finances will be, too. Cathi Doebler, author of Ditch the Joneses, Discover your Family, offered this advice for deciding whether a major career change is right for your family. Keep reading »
When you’re looking to trim your budget, it can be easy to cut down on what you spend on food. You can stop getting that latte every morning on your way to work and eat like you’re still in college. (Ramen, anyone?) But what if eating well is a priority, too? Elizabeth Somer, registered dietitian and author of Eat Your Way to Happiness, offered these tips for keeping both your diet and your checkbook balanced. Keep reading »
I’d always been told my engagement ring was special.
“Very high quality,” said my mother-in-law, who bought only high-quality pieces for her collection. “You’re very lucky.”
“You don’t want to know how much I paid for the resetting,” said Joe, my fiance-then-husband.
I didn’t care how much the ring cost, whether it was a hundred bucks or 18 G’s like at Tiffany’s. All I cared was that Joe was finally taking that final step, that after years of disapproval, his family had accepted me. I was finally good enough in his mother’s eyes, and had one of her prized baubles to prove it.
Or so I thought. Keep reading »