Budgeting

College students lack basic financial knowledge

We have written about financial knowledge (or shall we say the lack of it) and another data point shows how much it is lacking. Even college students are struggling to get most basic financial questions correct. In fact it is so bad that only about 1% of students answered 6 basic questions correctly per a 2019 study from Education Technology Online Courses and Training (EVERFI) as well as AIG. The questions are below. The results of the survey of 25,000 students was as follows. Over 10% got them all wrong. …

How To Avoid Emotional Spending

Do you make a decent salary but can’t cover your bills, in debt or living paycheck to paycheck? If you frequently find yourself being short on cash– even with a hefty bonus or overtime pay, then, there might be something wrong with your spending habits. The average adult makes 35,00 choices each day, and many of those choices involve personal finance decisions– from getting out of bed, going to work, morning coffee, a trip a grocery store, not exercising, bad food choices- which can increase healthcare spending and so forth. …

Tariffs impact – low income families

Tariffs have been in effect for several months now. Not only will the rate on billions of dollars of Chinese imports soon to be increased to 25%, but there may also be tariffs placed on hundreds of billions of dollars of additional imports later in 2019. Low income families or those that live paycheck to paycheck (which is most Americans) should start to plan now for higher costs. We do not write about politics. This site and blog is not meant to be political, so we will not write whether …