Budgeting

21 states with financial literacy requirement of students

While the number of states that are mandating high school students take a financial literacy course/curriculum prior to graduating is increasing, there are still only 21 states that require it. Now if a school wants students to take English Literature and learn about Shakespeare, I have no problem with that, as it is good to know. But I am very confident that knowing what a budget is (gross income, expenses, etc.), understanding what compound interest is, knowing how to determine a income tax bracket, importance of emergency savings, difference of …

Americans spend over $110 per month on recurring subscription services

There is a major downside to all those recurring monthly online and/or retail subscription services. Maybe the biggest downside is that the cost of them adds up over time, especially when multiple services are used. In fact, the average American household spends over $110 per month on the various recurring monthly subscription services – and that amount does not include the traditional ones of cell phone or cable TV (or equivalents). The $110 is from all those other “nice to haves”. They can be subscription streaming services such as Netflix …

Individual financial accountability and poor economic decisions

I was reading the NY Sunday Times and there was (in my opinion) an interesting, thoughtful article on financial accountability. The bottom line of this article, and many others I have read over the months, is how most people lack accountability for their financial problems and past, poor economic decisions. While I wish there were stats on this particular topic, it is more a subjective matter, but one in which I fully agree with and that is that Americans lack accountability for the poor financial and economic decisions they make …