Our parents are our first and, for better or or worse, most influential teachers. They instill in us our values, expose us to their ideas and politics, and shape who we become.
Tagged With personal finance
Life happens. One minute you're coasting towards graduation, ready to take on the world. The next, you've lost your job or haven't been able to find one in your field and you can't afford the rent any more. If you're lucky, your parents are both willing and able to let you move back in and regroup before you go back out into the world to live on your own.
If you're looking to cull some of your unwanted books, say, or other possessions, you'll want to be careful of how (and to whom) you're selling your old stuff.
A lot of our thinking about money revolves around the gains: I'll invest X to get returns of Y per cent in the long term; I'll buy this couch because it will brighten up my apartment and make me happier. But when it comes to financial decisions, it's also important to consider what you'll be giving up.
One of the struggles of covering personal finance is that the tips and tricks most experts recommend only make sense for a certain group of people: Those who have some disposable income and are likely upwardly mobile. Sure, you can write about handling setbacks and how big an emergency fund should be, but standard advice won't work for everyone.
We all know that automating savings and instituting spending rules can help us save money. But a new report from the Common Cents Lab at Duke University's Center for Advanced Hindsight offers new insight into how to hack behavioural finance to put more money into our pockets (or rather, bank accounts).
The true strength of a relationship isn't tested when circumstances are easy, but when they are dire. Over the weekend, my partner and I embarked on a journey that would test our mettle. Our ability to communicate, compromise, and show patience toward one another is what held us together through the trying ordeal, but one thing is for certain: Going to IKEA with your significant other ain't no joke.
When you ask for a raise, you'll have more success focusing on the value you bring to the table as opposed to your own needs. You probably don't want to blurt out, "Hey, I've got bills to pay and you haven't bumped my salary in three years" - even if it's true. So what do you say?
Most people are at least a little stressed out about money. That's understandable: Savings are low, expenses are high, we're taking on increasing amounts of debt. Some days it seems like we'll just never make enough money to retire or take that holiday we've been dreaming of. Here's what you need to know.