While shopping for cribs, strollers, and car seats, parents-to-be often ask themselves: Just how much is this bundle of joy going to end up costing me? The answer, according to the U.S. Department of Agriculture, is $12,000 for the first year alone (for middle-income couples earning between $56,700 and $98,000). And despite the recent recession, [...]
Do Americans have a good handle on their personal finances? The financial crisis opened consumers’ eyes to how much there is to know and how important it is to pay attention. Many consumers took on obligations that they didn’t fully understand, with a false sense of security that if the product was legitimate and the [...]
When thinking about a romantic evening, or planning a romantic outing with a partner, it’s not easy to see past the fact that flowers and restaurants cost money, and if you are on a tight budget then these can’t be the priority you would like them to be. What you need to keep in mind [...]
Our reader has the enviable problem of saving so much he doesn’t know what to do with it all. We help him prioritize. OUR READER Who: Ian MacKinnon, 26 Where: Philadelphia Question: What should I do with the $25,000 in my savings account? Four years after landing an engineering job with Sunoco, Ian, 26, is eager to [...]
Unlike the luxuries that so many of us purchase with our credit cards, having an emergency fund is a necessity. Financial experts recommend that people maintain a cash reserve large enough to cover three to six months’ worth of household expenses. Rest assured, someday you will need it. To quote the American poet Henry Wadsworth Longfellow, [...]
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