The great allowance debate has reached a new level with financial-education pioneer Lewis Mandell asserting that unconditional weekly payments are so detrimental as to constitute “cruelty”
Decision Making
Coming Soon: New Standards for Teaching Kids about Money
In coming weeks and months, a new comprehensive set of guidelines for what kids should know about money–and when–will land in your school district.
Millennials Are Paying Off Debt — but That’s Not Necessarily Good News
A new study suggests that millennials are getting serious about paring down their debt. But a closer look at the numbers shows some troubling signs
How to Master the Allowance Question and Prepaid Cards in One Shot
Virtual family banking site FamZoo has introduced a prepaid card that actually makes sense–for kids and parents.
How a $54K-Per-Year School Is Deemed a ‘Best Value College’
The private universities listed in a new “Best Value Colleges” roundup run $54,200 annually for tuition, fees, books, and room and board. That sounds pretty expensive, and it is. Could it also represent a good value? What if students actually paid less than half the list price?
Cash Leaking Out of 401(k) Plans at Alarming Rate
A quarter of money socked away for retirement comes out early, much of it subject to penalties and income taxes. For many, the venerable 401(k) is just too darned inefficient
Flashpoint: Young Workers with a 401(k) Finally Get Diversified
Young workers don’t save enough. But those that participate in a 401(k) plan are doing a pretty good job of managing their assets, thanks in big part to one-decision target-date mutual funds.
Better Start Saving: U.S. Health Awesome — After Age 75
A sobering new health report shows that Americans lag peer nations–until they retire.
New Mortgage Rules: Protection From Banks, or Ourselves?
The government is set to unveil new rules pushing mortgages down a more conservative path. Is it the banks we’re worried about? Or our own behavior?
Is Most Personal Finance Advice Useless? Author Exposes Industry’s ‘Dark Side’
According to a new book digging into the curious history and modern-day big business of personal finance, much of the advice doled out by “experts” in books, on Oprah Winfrey‘s couch, and on their own TV shows is simplistic, …
Can Electronic Cigarettes Challenge Big Tobacco?
NJOY’s King is the first e-cigarette that looks (and feels and smokes) like the real thing. It’s put traditional cigarette makers on notice.
What’s Hot on the Dating Scene? Good Credit
The hottest prospects on today’s dating scene don’t just have great abs; they have a great credit score.
