If you’ve got kids just coming out of college or starting out in their adult life, how many times have you had this conversation? Kid: I think I want to buy a new TV, but I don’t have any cash. Parent: You should save up for that. Kid: That’s OK, I have a credit card. Parent: What’s the interest rate on that card? Kid: Huh? Parent: The interest rate. What is…
You can’t pick up a newspaper or magazine these days and NOT see some article about the economy, interest rates, or some other force that may impact your home finances. Many of us have learned about personal finance the hard way (me included) – through trial and error. I’m still amazed that we don’t teach the basic concepts of personal finance to high school students before we unleash them into the wide, wide world of credit cards, home and car…
You’ve probably seen all of the news headlines – “U.S. Credit Card Debt Hits All-Time High”, “Most Americans Can’t Afford Retirement”, “Many Families Living Paycheck to Paycheck”. Different stories, but all based upon a common theme. Most people don’t know anything about personal finance. Now when I say “don’t know anything”, I’m not exaggerating. If you think I’m lying, take my little quiz below. See where I’m going? If you could answer even half of the questions above, you’re miles…