Tag Archives: Money

Money 101: 3 Very Good Reasons Not To Buy A Home — Yet

During a coffee break at the Boston Federal Reserve’s housing crisis conference, I answered my 23-year-old, unemployed, freshly engaged sister’s phone call. She and her (also young but at least employed) fiancé were shopping for homes near San Francisco, where housing prices start above half a million dollars, and wasn’t I so excited for her? Nope! In an effort to prevent her and other young buyers from becoming housing horror stories, here are three thoughts to consider before house shopping. Keep reading »

Therapy For Your Pocketbook Episode 9: “Store Credit Cards — Danger Ahead!“


In the latest episode of “Therapy For Your Pocketbook,” Suzie, a young professional, gets seduced by the lure of “15 percent off” that comes with opening a new store credit card. Finance Expert Manisha Thakor urges her to be responsible and warns if her credit score gets damaged, she may wind up with the same car payment for her KIA that her friend gets for her BMW! [Therapy For Your Pocketbook] Keep reading »

Dear Wendy: “My Friends Don’t Respect My Financial Limitations”

I recently married and bought a home. During this same time, I was laid off from my job and my husband’s income decreased drastically. We ended up moving in with my in-laws while we used all of our money to fix up the house. All of my girlfriends were in my wedding. I embraced their financial limitations, and made the most of it. If a girl couldn’t afford her dress, I offered to pay (at the time I was making significantly more than any of them). I looked past the fact no one threw me a bridal shower or bachelorette party. In the end, they only spent around $200 — for their dress. Now I am invited to countless birthday parties, nights out, and social events. I am having to decline most of these “social obligations” to sacrifice for my house. My friends are not taking this kindly; they are rude when I cancel most of the time. I feel that a caring friend would understand my situation and accommodate my friendship needs. As in, rented movies in, cook-outs at home, etc. What do I do if I cannot meet their financial expectations? — Lucky in Love But Not Money

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Are Fancy Shampoos A Waste?

We’ve often purchased shampoos claiming to be “nutrient-rich” and promising healthier hair, only to find that the results are unimpressive and the products act just like normal shampoos. Some suggest that labels advertising nutrient benefits are gobbling your dollars because, in fact, it’s very difficult for the hair shaft to absorb them, and thus benefit from them. How Life Works explains that putting cleansing products with active ingredients on your hair is akin to putting fertilizer on the leaves of a plant instead of the root. When you lather up, “the shampoo molecules [shampoos] contain are too large to penetrate the cells of hair and more importantly the tiny hair follicles where our hair actually grows. They sit atop the follicle until we wash them away.” Interesting. Do you go for the ultra-basic in shampoos? Or are you a loyal fan of certain brands with bells and whistles? [How Life Works] Keep reading »

Dear Wendy: “I’m Afraid To Date Because I’m $190,000 In Debt”

I’m a 31-year-old, single guy in Chicago. I’m at a point in my life where I’d like to find a great woman and think about settling down and perhaps start a family in the not too distant future. Unfortunately, I have a terrible secret that is making it difficult for me to get close to women: I have $190,000 in student loan debt (no, I am not a doctor). Aside from that scary number, I am financially responsible and have a promising career with a high income trajectory ahead of me. How I arrived at that $190,000 is moot, but what isn’t is the psychological handicap I’ve developed. I am ashamed and embarrassed to be burdened by such student debt, and I can’t help but feel most women would be scared off by it. As a result, I’ve basically stopped dating or even trying to meet that special someone. I can’t bear the prospect of getting close to someone only to scare her off because of my debt. I feel like a leper. But, am I over-reacting? If so, what advice would you give about broaching the topic with a potential girlfriend (timing, method, etc)? — Debt Leper

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Money 101: 4 Secrets For Financing Grad School

“Don’t you have a daddy?” the professor sitting across from me asked. I smiled a little. Was he was joking? Or hitting on me? Nope, he was serious and thought my father was paying for my legal education. Though I’ve been independent for years, my law school’s financial aid office had a similar attitude, telling me “ … most students have relatives helping them … ” After a JD, MBA and a third master’s, I’ve found there’s significant latent knowledge about financing grad school, but no one to fill you in. Here’s how it goes … Keep reading »

Dealbreaker: The Checkbook Balancer

I was in my early 20s, living in New York City and barely scraping by. Even though I was making ends meet by some combination of waiting tables/temping/focus groups, I still always had enough money to pay my rent and indulge in highly caloric, fruity martinis. Before I was on my own, my father instilled in me the importance of monitoring my money so I never overdrafted my measly bank account or bounced one of those fairy checks I was so excited to order. Keep reading »

Road Trip Tips For Fun-Loving But Broke Girls

Did you have to pass on this year’s trip with the girls to the Caribbean due to financial constraints? (Translation: are you broke?) Don’t fret and definitely don’t get down on yourself. Just take a less expensive road trip within the States with your very best buddies, aka “road dogs.” Because it’s “End of Summer Escapes Week” on The Frisky, we’ve got a few tips to keep in mind as you travel by car to a hot summertime destination where the temporarily broke but happy, fun-loving types can let loose. Keep reading »

10 Tips For The Savvy Traveler

We’re by no means “Up in the Air”-George-Clooney-type travelers, but we have learned a thing or two from our jaunts around the globe. Since it’s End of Summer Escapes Week here at The Frisky, it’s the perfect time to share them. After the jump, check out our tips on finding the best websites for local culture, how to deal with your money, benefit from airline mileage, and book cute hotels for cute prices. And feel free to share your own suggestions in the comments below! Keep reading »

Girl Talk: My “I Do” Nightmare

“Shut up, shut up, shut up!” I squealed, wondering inwardly why those were the only words I could muster.

I placed my hands on Alex’s trembling shoulders and pulled him to his feet. “Of course,” I whispered, accepting his proposal. As we clung to one another, spectators faded away and elation swelled. Keep reading »

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