Money Mondays
Mellody Hobson talks about young people and wealth on today’s “Money Mondays” segment. I hate to be the bearer of bad news, but the Urban Institute just released a new study about wealth building and younger generations, and the findings show that Gen X and Gen Y Americans have accumulated 7% less wealth than their […]
The clock is ticking! People have only a few weeks left to get those returns in. But don’t sacrifice accuracy for speed…Many mistakes people make on their taxes are completely avoidable.
A few weeks ago, we talked about the psychology of investing. Turns out that psychology plays a big role not only in investing, but also in how we spend and save, and most importantly, how we end up in debt. Don’t people end up in debt because they spend more than they earn? It’s pretty […]
Today, Mellody Hobson provides tips on how to save at the grocery store. — The USDA says grocery prices may rise as much as 4% this year. Last year’s drought led to a grass- and corn-feed shortage, resulting in higher prices for beef, poultry and grain-related products. So unless you plan to stick to that […]
Mellody Hobson talks about the lottery and why it’s best to avoid this game. — Last week we talked about how fear of losing money keeps people from making good long-term investments in the stock market, but this week I want to talk about the other side of the coin: Instead of being overly fearful […]
Mellody Hobson talks about the psychology of money. — I’m no therapist, but I know money, and it’s really interesting that we can look at people’s behavior patterns and see pretty clearly that psychology plays no small role in people’s investment decisions. The danger is that it can lead to severe missteps that end up […]
Many parents have a shared dream of seeing their children attend college and receive a quality education that can help set the foundation for a successful career. But paying for college can be difficult. Fear not, as help may be closer than you think. There are many savings programs available from various sources that can […]
Today Mellody talks about the down side of buying gift cards. I hate to be a wet blanket, but as we kick off the holiday season, I need to get the truth out there: gift cards stink. It’s an enormous business, with sales expected to reach $100 billion this year. Odds are that the majority […]
