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 »
I graduated from college two years ago with $115,000 in student loans. I’m paying them off a little at a time, and when I need a reason to drink, I like to play with loan payoff calculators online, which tell me that, if my monthly payments stay as they are, I should be done in about 42 years. Sure, sometimes I wish I had picked a less expensive school, but so do a lot of people, right? What’s done is done, and now I have to pay for my degree, just like everyone else … right? Keep reading »
In the latest episode of “Therapy For Your Pocketbook,” Diane, a recent divorcee, comes clean and admits that although she signed up for a Roth IRA, she has no clue how to invest her dollars. Finance Expert Manisha Thakor explains that there are funds specifically created for new investors who aren’t stock market-savvy. There’s nothing to be ashamed of — this is your retirement, dang it. [Therapy For Your Pocketbook] Keep reading »
This past payday, I was as excited about having the funds to bring home this season’s faux fur vest as I was about skimming 10 percent off the top and watching our savings account increase. And I have to admit, I’m pretty proud of myself for being responsible enough to make that deposit regularly – so proud of myself that I felt totally justified buying that snuggle-worthy vest. (The fact that it’s faux fur? You can’t get any more guilt-free.)
Maybe you’re like me, and you get a sense of accomplishment every time you make that deposit in your savings account. But we all work hard for our money … is just putting some of it aside making it work hard enough for us? Before you get too proud of yourself for being a savings queen, read this advice from Susan Hirshman, president of SHE LTD, a consulting firm focused on enhancing the financial literacy of women. The author of Does This Make My Assets Look Fat? A Woman’s Guide to Finding Financial Empowerment and Success, Hirshman offers advice for making sure that you’re avoiding some common savings pitfalls. Keep reading »
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 »