Are Lotteries a Tax on the Poor?

lotto

I’m sure most of you heard about the recent lotto prize of $242 million dollars won by California resident B. Raymond Buxton. My congratulations to him—and to the federal government and the government of California, which collectively walked away with $183 million of the $425 million Powerball jackpot. This does not address the fact that [...]

Huff Post: What Wikipedia Won’t Tell You About Personal Savings

HP

You have to recognize the drill by now. Right about this time every year, the financial doomsayers stand up behind their pulpits and declare that the end is near. Americans aren’t saving enough to retire, much less pay off their debt. We’re doomed, the sky is falling, and so on and so on.

Your Financial Relationships: How Much Should We Save?

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This post is part of our Your Financial Relationships series. A series designed to help you discover the financial topics you should discuss with your significant other in order to have a financially healthy relationship. Today, we’ll take a look at “how much should you save?” You and your significant other need to agree an on [...]

Your Emergency Fund—Does Size Really Matter?

pile o money

Emergency funds are as individual as their owners. Consequently, there is no one-size-fits-all. The only critical feature of an emergency fund is that it meets your needs. Most emergency funds are created to deal with job loss or illness. Others might see the role of an emergency fund through the lens of a natural disaster [...]

Your Financial Relationships: What’s Your Biggest Money Mistake?

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This post is part of our Your Financial Relationships series. This series is designed to help you discover the financial topics you should discuss with your significant other in order to have a financially healthy relationship. Today, we’ll tackle addressing the topic of “your biggest money mistake” with your significant other.

Tips on Tipping—What Are the Rules?

money in hand 2

The concept of the “tip” has been around since the sixteenth century when it was referred to as trinkgeld, which translates literally as drink money. Many of us think of tipping as an American contrivance, but the gratuity existed centuries before there was a United States of America.

Prepaid Debit Cards: The New Big Thing?

credit cards in wallet

What’s in your wallet? No really. If you are like a growing number of American consumers nowadays, there is most likely at least one, if not more prepaid debit cards hanging out in your wallet. But why? What is this new trend all about? Are people really (gasp!) getting prepaid cards on purpose? Can prepaid [...]

Your Financial Relationships: Why It’s Important to Have the Money Talk

A pair of lovers are kissing each other in direct sunlight.

Today we’re starting a new series here on Your Finances Simplified called Your Financial Relationships, and we’ll be focusing on your financial relationships, specifically the one with your significant other. How often do you talk about your finances? Too much or not enough? Either way we’ll be looking at some financial questions over the next [...]

Postal Banking—A Service to the Poor or Just More Poor Service?

postage stamps

In case you haven’t heard, the idea is being floated that the United States Postal Service (USPS) should offer limited financial services to the public, and it is gaining traction. Touted as a new revenue stream for an entity awash in red ink it does sounds like a good idea—for a minute.

Shopping for Bargains—It’s about More than the Price Tag

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Budgeting is an absolute necessity for the majority of us these days. We find ourselves beset on all sides by the financial perils of unemployment, restricted credit, debt, the specter of inflation, market uncertainties and the list goes on. It is unremarkable that as a result of this mindset, we seek out the least expensive [...]

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