Keyword: finances

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  • Discarded Children Still Bring in Subsidy Checks for the Adoptive Parents Who Tossed Them Aside

    09/02/2014 12:03:54 AM PDT · by nickcarraway · 17 replies
    New York Daily News ^ | Tuesday, September 2, 2014 | Nick Nehamas
    Hundreds of adoptive parents in New York City who've sent their children to live elsewhere continue to get monthly government subsidies of up to $1,700 per child. They can continue receiving the checks until the child turns 21 years old.They gave up on their “hard-to-place" adopted kids — but not on the government check intended for the discarded kids’ care. Hundreds of adoptive parents across the five boroughs who've sent their children to live elsewhere are continuing to pull in monthly checks of up to $1,700 per child while the city, state and feds look the other way, the Daily...
  • ISIS: Surprisingly Sophisticated, Extremely Well-Funded ($2 billion in the bank)

    08/28/2014 9:49:04 AM PDT · by NYer · 22 replies
    onepeterfive ^ | August 26, 2014 | STEVE SKOJEC
    In a very interesting infographic on Medium, Matter Magazine offers us a paint by numbers assessment of the ISIS threat. Among other things, the Islamic State has a shocking amount of money — $2 BILLION dollars — four times as much as the Taliban. And their wealth is growing, with $3 million dollars a day in oil and gas revenue from captured facilities. (If you’re wondering who is buying, it’s all black market.)And they have other sources of income besides:The statistics go on, and they’re surprising. 80,000 fighters control 470,000 square miles and 6,000,000 people.And of course, they have vowed...
  • American Kids Are Really Bad at Handling Money: Report shows U.S. teens falling behind China

    07/10/2014 10:17:00 AM PDT · by SeekAndFind · 28 replies
    National Journal ^ | 07/10/2014 | Nancy Cook
    Score another one for Chinese teenagers, who leave U.S. kids in their dust when it comes to knowing how to handle money. That's the latest anxiety-producing statistic (for American parents, anyway) to emerge out of a newly released international study of the financial habits of roughly 29,000 teens from countries as far flung as Australia, China, Colombia, France, Israel, Russia, Spain, and the U.S. The goal of this first-ever international study of financial literacy, conducted by the Organization for Economic Co-operation and Development, was to gauge the financial know-how of 15-year-olds worldwide. Many of the teenagers have reached or are...
  • State Fiscal Condition: Ranking the 50 States

    01/17/2014 7:08:04 AM PST · by rightwingintelligentsia · 35 replies
    Mercatus Center - George Mason University ^ | January 14, 2014 | Sarah Arnett
    New research from Sarah Arnett examines states’ abilities to meet their financial obligations in the face of state budget challenges that have far outlasted the Great Recession. Fiscal simulations by the Government Accountability Office suggest that despite recent gains in tax revenues and pension assets, the long-term outlook for states’ fiscal condition is negative (GAO 2013). These simulations predict that states will have yearly difficulties balancing revenues and expenditures due, in part, to rising health care costs and the cost of funding state and local pensions. Arnett uses four different indices to analyze state solvency using each state’s fiscal year...
  • Anyone Else Can't Get Access to Their Retirement Accounts?

    10/13/2013 12:54:18 AM PDT · by dagogo redux · 48 replies
    10/13/13 | dagogo redux
    Just tried to go have a look at my retirements account at Fidelity. It's probably nothing, but their system is down. Not sure how long it has been, or why, or how long it might be, but with EBT cards going down, ObamaCare sites going down, talk of "grid down" drills, etc, I wonder if others are finding such things happening. Hopefully just an isolated glitch - not that my retirement accounts will be of any value to me in a little while anyway, but I think it best to know ASAP when the web or the power or such...
  • 'The world is in a state of financial war' - Russian presidential advisor

    05/28/2013 4:55:07 AM PDT · by Yekaterina Derevko · 12 replies
    Voice of Russia ^ | 18 Jan 2013 | Editors
    Vedomosti reports that Sergey Glaziev, the economic mastermind behind the Eurasian Union, sent an official report to Kremlin, stating the necessity of a radical revamp of Russia’s economic policy in the wake of the second wave of global economic crisis. “Unknown sources” have provided the media with the contents of this highly controversial document, igniting a fierce debate in the press and blogosphere. Glaziev’s report features apocalyptic predictions in regard to the state of the world economy but the most interesting part of the text refers to the so-called “currency wars”. Basically, one of the most influential advisors of the...
  • Study: Christians Who Tithe Have Healthier Finances Than Those Who Don't

    05/18/2013 10:43:21 AM PDT · by SeekAndFind · 39 replies
    Christian Post ^ | 05/18/2013 | Jeff Schapiro
    The finances of Christians who tithe are generally healthier than the finances of those who do not, according to a new report that takes a close look at the financial, spiritual and giving practices of people who give 10 percent or more of their income away to churches and charities each year. Researchers compared tithers to non-tithers using nine financial health indicators, and found that tithers were better off in every category. Among tithers, for example, 80 percent have no unpaid credit card bills, 74 percent don't owe anything on their cars, 48 percent own their home and 28 percent...
  • Dave Says Here Are the Necessities

    05/07/2013 1:48:10 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | May 7, 2013 | Dave Ramsey
    Dear Dave, Can you please define “necessities” in today’s world while trying to get out of debt and live on a budget? Matthew Dear Matthew, Whether you’re talking about the world today or 50 years ago, necessities haven’t changed. Necessities are still food, shelter, clothing, transportation and utilities. We’re talking about needs versus wants. The problem is that many people were never taught that there’s a difference between the two—a big difference. Most people have enough food to eat and a decent place to live. Those are necessities. I’m not talking about eating out or having a big, fancy house....
  • Dave Says: Work For the Extra Perks of College

    05/15/2013 9:36:40 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | May 15, 2013 | Dave Ramsey
    Dear Dave, I’m a stay-at-home mom now, and my husband brings home $2,600 a month. We’re trying to get out of debt, but we need more money coming in. I want to go back to work, but emotionally part of me feels like I should stay home with our 2-year-old daughter. What do you think? Kayla Dear Kayla, I understand the feelings involved, especially if you’ve spent all of your time home with your child. But don’t make the mistake of blaming the debt if you simply want to go back to work. You’re not a bad person if you...
  • Dave Says Go Cheap on Date Night

    04/16/2013 8:48:10 AM PDT · by Altariel · 17 replies
    Townhall.com ^ | April 9, 2013 | Dave Ramsey
    Dear Dave, Is there ever a time you should dip into emergency fund savings in order to pay off your home early? Eric Dear Eric, The only time I would advise this is when your emergency fund is too big, and you have a very small amount left to pay on the house. Keep in mind that your emergency fund should be three to six months of expenses, not three to six months of income. Besides, paying off the house doesn’t fall into the category of an emergency. The fact that you have to pay for your house doesn’t catch...
  • Israel-based group using the courts to weaken suspected terrorist groups

    04/13/2013 11:19:51 PM PDT · by ilcenter · 2 replies
    News 13 - Tucson, AZ ^ | Apr 12, 2013 | Barbara Grijalva
    TUCSON, AZ (Tucson News Now) - Hitting terrorist groups where it hurts now means more than using guns and missiles. Shurat HaDin-Israel Law Center uses U.S. anti-terror law to go after those who aid terrorist groups, knowingly or unknowingly. The Israel Law Center's motto is "Bankrupting terrorism--one lawsuit at a time." You might wonder how you sue a terror group. It's not easy. What the Israel Law Center finds more effective is to sue banks, insurance companies, corporations, even countries that knowingly or unknowingly work with terror groups. For instance, it could be a bank that holds an account that's...
  • U.S. to let spy agencies scour Americans' finances

    03/13/2013 11:35:13 AM PDT · by madison10 · 51 replies
    Chicago Tribune ^ | 3/13/2013 | Reuters
    The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters...
  • Dave Says Husband Should be a Man

    01/08/2013 8:34:25 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | January 8, 2013 | Dave Ramsey
    Dear Dave, My daughter died. She was 32 years old and single, and she had lived with me for the last few years because she was recently disabled. I did not support her financially, and when she died she had no assets and no will. Is it my responsibility to pay the student loans and medical bills she left behind?JimDear Jim,I’m so sorry you’re experiencing this kind of grief. Losing a child is a heartbreaking experience, no matter their age.The short answer is this: If you didn’t sign for it, you’re not liable. If a friend were to move in...
  • Yes, God does Bless us Financially – I’m Proof

    12/01/2012 12:47:12 PM PST · by InHisService · 109 replies
    Consequential Commentary ^ | 12-1-2012 | Mary C. Kirchhoff
    I received a letter from The Social Security administration; they had made some kind of mistake in calculating the benefits due to my daughter and I. They had corrected the mistake, and had deposited over $1,800 into my checking account.
  • FABER: 44 Charts That Show Why The World Is Doomed

    11/24/2012 6:46:04 AM PST · by daniel1212 · 22 replies
    Business Insider, Inc. ^ | Nov. 23, 2012 | Sam Ro
    Marc Faber, publisher of the Gloom Boom & Doom Report, is well known for his ultra-bearish commentary. But he's not without reason. In a new presentation given in Hong Kong to the London Bullion Market Association, Faber offers a thick stack of 44 charts that makes him very bearish on the global economy (via ZeroHedge). They include overviews of the emerging and evolving trends on debt, trade, stocks and commodities. Faber points to the explosion of public and private debt and how they have been far outpacing GDP growth for the last 50 years. In this backdrop, the wealth gap...
  • Why One Poll Says 45% Would Rather Skip Christmas (Too much financial pressure)

    11/20/2012 10:27:12 AM PST · by SeekAndFind · 61 replies
    CNBC ^ | 11/20/2012
    Despite a whittling away of consumer debt that has been underway since the recession, many Americans are still entering the holiday season unprepared to cope with the expenses that crop up around this time of year. Think Finance, a provider of payday loans and other financial services for consumers with limited or no access to banking services, recently surveyed 1,000 Americans across all income levels who use various forms of alternative financial services — including payday loans, prepaid debit cards and direct deposit advances. Although many of these consumers are on better financial footing and optimistic about their economic future...
  • Freep a Poll!(Are you better off than you were four years ago? financially)

    11/09/2012 4:30:13 PM PST · by dynachrome · 21 replies
    kiplinger.com ^ | 11-9-12 | Kiplinger Newslettter
    Think of your personal finances for a moment. Are you better off than you were four years ago? Yes No About the same Not sure
  • Various Financial Sector Reports [Rank of best ministries]

    10/22/2012 7:50:13 AM PDT · by daniel1212 · 6 replies
    MinistryWatch.com ^ | 2012 | MinistryWatch.com
    Various Financial Sector Reports Select a sector, and select which type of financial efficiency rating group to display Sorting: Click on a column header to sort. Hold shift key + click to sort by multiple columns if the first clicked column has multiple rows of identical data. Ministry Noteworthy Efficiency Rating Efficiency Rank Sector Breath of Life, Inc. #1 (100%) Educational Media Children's Medical Ministries (CMM) #2 (99.7%) Relief and Development World Help #3 (99.4%) Foreign Missions Christian Blind Mission /CBM #4 (99.1%) Relief and Development Citihope International #5 (98.8%) Relief and Development Persecution Project Foundation #6 (98.5%) Advocacy Kingsway...
  • Dave Says Task is to Survive

    09/22/2012 5:32:40 PM PDT · by Altariel · 4 replies
    Townhall.com ^ | September 18, 2012 | Dave Ramsey
    Dear Dave, I’m an accountant, and my company is experiencing layoffs. I just learned that I’ll be losing my job in four weeks. I’ll receive a severance check, but I have no other savings set aside. Should I use some of the severance to pay off debt, or hold on to that money as long as I can? Frank Dear Frank, I’d hang on to that money and pile up as much other cash as I possibly could. Right now, the most important worries are food, lights, water and shelter. Debt is not on the list. We need to take...
  • Why QE3 Won’t Jumpstart The Economy And What Would

    09/22/2012 4:14:35 PM PDT · by blam · 17 replies
    TMO ^ | Ellen Brown
    Why QE3 Won’t Jumpstart The Economy And What Would Economics / Quantitative EasingSep 22, 2012 - 12:56 PM By: Ellen Brown The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers—but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives. The Fed’s announcement on September 13, 2012, that it was embarking on a third round of quantitative easing has brought the “sound money” crew out in force, pumping out articles with frighting titles such as “QE3 Will Unleash’ Economic...
  • Dave Says: In an Emergency Get in Emergency Mode

    09/11/2012 12:19:42 PM PDT · by Kaslin · 41 replies
    Townhall.com ^ | September 11, 2012 | Dave Ramsey
    Dear Dave, One of my relatives just discovered she has cancer. She’s a single mom with two young kids, and I’m not sure if she’s prepared to face something like this. What are the best steps she can take financially at this point?ShannonDear Shannon,I’m really sorry to hear about this. I know cancer is a scary thing to hear, but please remember to pray and be there for her all you can. God willing, things can still turn out okay.When people ask if a person has their affairs in order, they’re usually asking a couple of different questions. Are you...
  • Revealing Statistics>National Finances

    09/08/2012 9:18:05 AM PDT · by daniel1212 · 14 replies
    PeaceByJesus.com ^ | 6-8-2012 | daniel1212
    NATIONAL TAXES, SPENDING AND DEBT In June 2009 the U.S. national debt was over 11 million dollars, and growing at $3.82 billion per day. each citizen's share of this debt was $37,231.31. http://www.brillig.com/debt_clock/ As of Aug. 08 2011, the national debt was at $14.5 trillion, but with $211 trillion in unfunded liabilities. http://www.christianpost.com/news/whats-the-real-national-debt-211000000000000-53525/ As of Sept 6. 2012, the national debt was over $16 trillion, The estimated population of the United States is 313,455,377, so each citizen's share of this debt is $51,091.16. The National Debt has continued to increase an average of $3.88 billion per day since September...
  • Flint Union Contracts A Major Reason For City's Financial Problems

    07/30/2012 8:23:48 AM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 7/26/2012 | Tom Gantert
    In 2006, the city of Flint operated at a $5.9 million surplus. Four years later, the city was $48.1 million in the red. Examining how Flint ended up with an emergency manager in 2011 reveals a laundry list of issues that hit municipal finances at the same time. “It’s hard to tie it to one thing,” said Michael Brown, the city’s current emergency manager. At a time when the city’s revenue was evaporating, its expenses were rapidly escalating. For example, the city’s revenue from property tax, income tax and state-shared revenue dropped a combined $19.2 million from 2006 to 2011....
  • Business, civic leaders hope Vikings stadium will be boon to jobless

    06/18/2012 8:50:18 AM PDT · by ConservativeStatement · 13 replies
    Associated Press ^ | June 12, 2012
    The Minnesota Vikings' new $975 million stadium is expected to bring construction jobs to parts of Minneapolis hit hardest by poverty and unemployment. Elected officials, business owners and civic leaders who backed the stadium are hoping it will be a boon to the jobless, including the 22 percent of black workers who were counted as unemployed as recently as last year, Minnesota Public Radio reported Tuesday, June 12. That was nearly triple Minnesota's overall jobless rate.
  • Dave Says Get Intentional with your Money

    05/08/2012 5:49:36 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | May 8, 2012 | Dave Ramsey
    Dear Dave, I have a problem with impulse spending. I switched to a debit card so that the money comes straight out of my checking account, but I still buy things I know I shouldn’t. Should I stop using the card?LaurenDear Lauren,First, let me say that debit cards are great. You can’t spend money you don’t have with them like you can with a credit card, but you’ve still got to budget carefully and give a name to every single penny of your income. Otherwise, you can still overspend.When I made the decision to get intentional with my money, I...
  • Dave Says Baby Step 3 the Key

    05/02/2012 3:46:17 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | May 2, 2012 | Dave Ramsey
    Dear Dave, I’m about to complete Baby Step 3. I’ve been very intense about following your plan, but I was wondering if there’s ever any kind of frustration or letdown after you’ve come this far.RasheedDear Rasheed, You’re right. The beginning three Baby Steps are very intense. First, you get $1,000 in the bank—$500 if you make less than $20,000 a year—for a beginner emergency fund as fast as you can. Then, pay off all your debts, except the house, from smallest to largest, and after that you finish out your emergency fund with three to six months of expenses. This...
  • Dave Says Teach Your Children Well

    03/21/2012 5:21:31 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | March 21, 2012 | Dave Ramsey
    Dear Dave, Is there some way to put a block on a credit report prior to sending a kid to college, so that the credit card hustlers can’t get to them?TrevorDear Trevor,No, there’s not. Unfortunately, in today’s culture that’s part of becoming an adult. When you hand them car keys there’s no way to put a block on how they drive. And when they turn 21, there’s no way to put a block on what they ingest.About the only thing you can do is to teach your kids to the best of your ability, and be a good parent and...
  • Tobacco Bonds Deliver a Lesson -- Decline in smoking hurts payment of state notes (CA-DUH!)

    03/15/2012 4:58:12 PM PDT · by Mark · 21 replies
    Los Angeles Daily News ^ | 3/15/2012 | Editorial
    The percentage of Californians who smoke has dropped to an all-time low of 11.9 percent, the second-lowest in the nation behind Utah's 9.1 percent. That's good news for the health of Californians, but bad news for the state's budget and First 5 program, which funds local services for children up to age 5. The decline in smoking was anticipated, but it has descended at a much sharper rate than predicted. As a result, California will face difficulty in funding $16 billion in bonds the state has issued since 2001. The bonds are supposed to be financed by payments from the...
  • The Recession Has Changed How People Walk Through A Grocery Store

    03/14/2012 9:09:16 AM PDT · by Altariel · 84 replies
    Business Insider ^ | March 13, 2012 | Gus Lubin
    Supermarkets are designed to promote impulse buying by leading shoppers through a maze of aisles. But something incredible has happened since the recession. Shoppers are going only to select aisles. And this is killing store margins. UBS cites research from Kantar Retail: Consumers are not going down most aisles at the frequency they used to. Today, the more common way to shop is to only go down select aisles. 50% of consumers shop this way, which is a 6% increase since 2008. Consumers are highly focused on specific sales and specific coupons when shopping conventional supermarkets. This strongly suggests consumers...
  • Credit Card Debt Nears Toxic Levels

    02/27/2012 6:49:58 AM PST · by upchuck · 50 replies · 1+ views
    myfoxdc.com ^ | February 26, 2012
    <p>More American households are falling back into the debt hole, this time without the safety net of home values to help bail them out, the New York Post reported Sunday.</p> <p>Last year, total US consumer debt reached its highest point in a decade, according to a credit card industry observer.</p>
  • Dave Says Three Houses Might Not be Just Right

    02/23/2012 8:15:15 PM PST · by Altariel · 10 replies
    Townhall.com ^ | February 22, 2012 | Dave Ramsey
    Dear Dave, My husband’s company recently told everyone that massive layoffs are coming, and they should start looking for other jobs. Right now, all of his options are out-of-town. A real estate agent told us we’d have to remodel our kitchen in order to sell the house. We’ve got $3,500, but remodeling would take about $2,000. Should we get a second mortgage to get the work done? Pamela Dear Pamela, You might want to get another opinion. Sure, a new kitchen would be nice, but is that the end-all, be-all? Either way, there’s no way I’d go into debt to...
  • On Business, Dave Says Don't Go All In

    02/20/2012 11:43:17 AM PST · by Altariel · 1 replies
    Townhall.com ^ | February 2, 2012 | Dave Ramsey
    Dear Dave, My husband hates his dead-end job and is talking about cashing out his 401(k) to open a franchise of his own. Does this sound like a wise move to you? Tiffany Dear Tiffany, Everyone wants to live their dream, but you never want that dream to become a nightmare. One definition of a nightmare in business is “going all in.” Playing cards, this means you bet everything on a single hand. You never go “all in,” especially when it comes to small business. The right question is this: How can he live his dream without going all in?...
  • Dave Says Don't Get Married to Debt Yet

    02/20/2012 11:38:28 AM PST · by Altariel · 17 replies · 1+ views
    Townhall.com ^ | February 14, 2012 | Dave Ramsey
    Dear Dave, My boyfriend has a lot of debt. The other day a creditor called, and he wouldn’t answer the phone. Then, he told me it would be easier for him to pay off his debts if we were married because I could act as his accountability partner. I don’t want to be the money cop, and I wonder if he would truly be more motivated. What do you think? Janine Dear Janine, Someone who isn’t making any headway in getting out of debt while they’re single probably isn’t going to do a complete turnaround just because they get married....
  • Dave Says "Same as Cash," Same as Dumb

    02/20/2012 11:36:50 AM PST · by Altariel · 13 replies
    Townhall.com ^ | February 8, 2012 | Dave Ramsey
    Dear Dave, My wife and I bought some furniture a while back on what we thought was a 24-months-same-as-cash plan. The original purchase price was $1,600. The other day, I got a call from a collector saying that it was actually a 12-month plan, and the balance is now $2,800. We looked at the contract, and it was our mistake on the length of the plan. Still, that makes the interest rate about 30 percent. Is there anything we can do about this? Robert Dear Robert, This is one of the reasons I tell people to stay away from “same...
  • Dave Says Insurance, Insurance

    01/31/2012 10:25:33 PM PST · by Altariel · 6 replies
    Townhall.com ^ | February 1, 2012 | Dave Ramsey
    Dear Dave, I’ve got auto insurance, but can you tell me what other kinds of insurance are good to have? Chris Dear Chris, The purpose of insurance is to transfer risk that you can’t afford to take. Most people can’t afford to have a heart attack and triple bypass surgery. Having to pay for something like that completely out of pocket would bankrupt just about anyone. That’s why health insurance is a vital part of any good financial plan. It’s also important to have auto, which you do, and homeowner’s insurance, too. If you don’t own a home, make sure...
  • Jim Rogers: I Would Not Buy Facebook

    01/30/2012 8:43:19 AM PST · by Hojczyk · 33 replies
    Yahoo Finance ^ | January 30,2012 | CNBC
    Rogers told CNBC that the timing of an IPO this week would be a smart move by Facebook. "It's been demonstrated many, many times before that sellers are usually smarter than the buyers, and they usually know when the best time to sell is, and Facebook is doing it," he said. Turning to the broader US economy, Rogers said the United States looks and feels better because the government is throwing money at it. "There is an election in November 2012. Every time there is an election, the government pumps as much money as it can so it can to...
  • Dave Says Keep Your Money and Teeth

    01/28/2012 10:36:54 AM PST · by Altariel · 5 replies
    Townhall.com ^ | January 25, 2012 | Dave Ramsey
    Dear Dave, In your plan, you talk about Baby Step 3 as saving enough to have three to six months of expenses in your emergency fund. My husband and I were wondering how you can determine whether you need to be on the low end or high end of that range? Amanda Dear Amanda, Lots of times in a marriage you’ll have a situation where one person wants to save more, while the other is excited to move on toward investing. Technically, neither is wrong. So, the emergency fund really deals with someone’s own personal level of peace. Remember Murphy’s...
  • Reuters Acknowledges Rubio Hit Piece is a 'Fiasco' and a 'Disgrace'

    01/28/2012 5:03:53 AM PST · by Scanian · 21 replies
    The Weekly Standard ^ | 1/27/12 | Mark Hemingway
    After Daily Caller blogger Matt Lewis eviscerated a harsh Reuters story on Florida senator Marco Rubio, the wire service was forced to make five corrections. Now Reuters is attempting damage control and conceding the story is regrettable: One senior staffer at Reuters described the episode to me as a "fiasco," another as a "disgrace." It was so bad, in fact, that the editors and writer involved have been asked not to talk about it. (I reached out to editors David Lindsey and Eric Walsh, but have not heard back.) The article, by David Adams, had intended to detail why Rubio...
  • Do You Need More Financial Advice as You Get Older?

    01/20/2012 7:40:19 AM PST · by Kaslin · 21 replies
    Townhalll.com ^ | January 20, 2012 | Carrie Schwab Pomerantz
    Dear Carrie: We are getting older and need help managing our investments. What do you suggest for people in our circumstances? --A Reader Dear Reader: You're wise to be asking this now because, as much as we don't like to think about it, the older we get the more likely it is that we'll need help managing our finances. In fact, a study out of Texas Tech University last year measured how our knowledge of the basic concepts needed to make good financial choices changes as we age. It found that financial literacy scores declined by about 2 percent a...
  • Dave Says Baby Step 3

    01/17/2012 6:11:16 AM PST · by Kaslin · 7 replies
    Townhall.com ^ | January 17, 2012 | Dave Ramsey
    Dear Dave, We’ve read about your plan, and we’re in pretty good shape financially, but we don’t know what to do next. We have $400,000 in a 401(k) for retirement, but we don’t have an emergency fund or any other savings. The only debt we have is our house. What should we do about Baby Steps 4 and 6?MaryDear Mary,You guys have done a great job of saving for retirement and staying out of debt. Let’s go over the Baby Steps you mentioned. Baby Step 4 is putting 15 percent of your income into Roth IRAs and pre-tax retirement plans....
  • Frugal Family: Planning Your Family Budget

    01/10/2012 10:20:30 PM PST · by Altariel · 2 replies
    Patch.com ^ | January 10, 2012 | Lisa Kuebler
    Here’s a brief overview of some of the most popular tools for managing personal finances. **** 1. Some of the most popular buzzwords in recent years have been “Dave Ramsey” and “Financial Peace University.” Ramsey’s program is a 13-week course (usually two classes a week) that claims families pay off an average of $5300 in debt and save $2700 in the course of those three months. The classes are typically around $100 and are offered in multiple locations, led by “Financial Counselors” who have gone through a training course within the program. Visit www.daveramsey.com for more information. 2. Other families...
  • Dave Says Car Leasing is Fleecing

    01/04/2012 4:24:39 AM PST · by Kaslin · 63 replies
    Townhall.com ^ | January 4, 2012 | Dave Ramsey
    Dear Dave, My husband is a landscaper who works for the state. He has his technical license and wants to start a business doing private work as well. What advice would you give to someone just starting out in this field?AmyDear Amy,First, I’d check to see if there are any additional licenses required for doing that kind of work in your state and the cities in which you’ll be operating. You want to make sure you’re starting off on the right foot with any authorities or governing boards.The next thing I’d advise is to keep it simple. There’s no reason...
  • New Marriage, New Family Finances: What's Fair

    12/28/2011 12:30:28 PM PST · by Kaslin · 13 replies
    Townhall.com ^ | December 28, 2011 | Carrie Schwab Pomerantz
    Dear Carrie: I'm about to get married for the second time. I have two kids, 8 and 10, and my fiancee has two teenagers. Everyone gets along well, but my husband-to-be is a lot wealthier than I, and his kids have been raised with very different financial expectations. It's not that I necessarily expect him to now pay for everything for my kids, but at the same time, I don't want them to feel like they get less because they're less worthy. What's fair in a situation like this? --A Reader Dear Reader: Even the most compatible couple can have...
  • Dave Says When to Buy Toys

    12/28/2011 10:29:16 AM PST · by Kaslin · 15 replies
    Townhall.com ^ | December 28, 2011 | Dave Ramsey
    Dear Dave, I’ve noticed that lots of people get defensive when it comes to talking about money and living on a plan. Why is this?TonyaDear Tonya,I think it’s because there seem to be two negative emotions connected to people who have failed with money: guilt and cynicism. They feel guilty because they’re terrible when it comes to handling money, and they don’t want to talk about it.Cynicism may be more prevalent in people who feel like they’ve been messed over by some “money expert” out there. Maybe they got caught up in a deal that went bad, or they lost...
  • A Financial Justification

    12/01/2011 6:32:54 AM PST · by Retro Llama · 6 replies
    Harvard Crimson ^ | 12/1/11 | Saieed Hasnoo
    The fact that same-sex marriage has not yet been legalized at a federal level in the United States is an embarrassment to our system of government. The argument in favor of allowing loving couples equitable rights should be easily affirmed by the human struggle faced by the gay community. However, if the dialogue of "rights" and "equality" is still insufficient to drown out the unbearably staunch position held by religious objectors, perhaps economics can rationalize the debate. Same-sex couples, as they are barred from marriage in many states, face disadvantages from the current federal tax codes by being unable to...
  • The debt fallout: How Social Security went ‘cash negative’ earlier than expected (Obama's Fault)

    10/31/2011 3:51:02 AM PDT · by tobyhill · 17 replies
    washington post ^ | 10/31/2011 | By Lori Montgomery
    Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.” For most of its 75-year history, the program had paid its own way through a dedicated stream of payroll taxes, even generating huge surpluses for the past two decades. But in 2010, under the strain of a recession that caused tax revenue to plummet, the cost of benefits outstripped tax collections for the first time since the early 1980s. Now, Social Security is sucking money out of the Treasury. This year, it will add a projected...
  • Vatican Suddenly Cool and Popular

    10/24/2011 1:47:19 PM PDT · by NYer · 22 replies
    Creative Minority Report ^ | October 23, 2011 | Matthew Archbold
    Who'd a thunk that the path to popularity among liberals was so easy. Hey, the Church hasn't exactly been asked to sign everyone's yearbook recently. The Church hasn't been in the cool crowd for decades and doesn't get invited to the cool parties. But suddenly the cool crowd that for so long mocked the Church is now macking the Church. Big time. They've developed a newfound respect for the deep thinking of the Vatican. It's kinda' like that moment in the movies when the geeky girl loses the glasses and pops open a few buttons and everyone all of a...
  • Which US Presidential Candidate Would YOU Hire to Balance YOUR Personal Checkbook?

    10/13/2011 9:18:50 AM PDT · by Graewoulf · 41 replies
    Opinion/Vanity | October 13, 2011 | Graewoulf
    REALITY CHECK: Would you hire this candidate to balance your own checkbook? SPENDAHOLIC Obama has added tens of thousands of debt dollars to your balance sheet in under three years! Can you afford to support any of the various DEBT GREED candidates running for FEUDAL LORD of The Beltway? Forget about the MSM pleas about THEIR ideas about "Who is electable?" and vote to protect YOUR checkbook!
  • Dave Says OK You're Not Dead

    08/17/2011 7:05:52 AM PDT · by Kaslin · 51 replies
    Townhall.com ^ | August 17, 2011 | Dave Ramsey
    Dear Dave, I’ve heard you tell people that having $90,000 to $100,000 saved up for retirement isn’t enough. That’s what I’ve got set aside right now, and I’m pretty sure it’s all I’ll ever need. Why do you think everyone should have a million or two saved up?TomDear Tom,The amount you’re talking about isn’t enough to retire on with any kind of dignity. If you make 10 percent off your money over time it means you’re living on just $10,000 a year. That’s below the poverty level.Don’t misunderstand my message. I’m not about being greedy, and money is not the...
  • Bin Laden emails reveal terror group is running out of cash

    07/02/2011 4:44:10 PM PDT · by Niuhuru · 14 replies
    Daily Mail ^ | 8:32 PM on 2nd July 2011 | By John Stevens
    Osama Bin Laden spent his final months in hiding worrying about the future of Al Qaeda, emails recovered from computers in his hideout reveal. The terror leader was spending as much of his time dealing with concerns about funding and the toil being taken by CIA drone explosions as he was plotting attacks, according to U.S. intelligence officers. Officials said the emails depict an organisation beset by mounting problems as its leader remained obsessed on a follow up attack to September 11.