Teaching kids about personal finance is not an easy job. Even so, as a parent I believe it is my responsibility to ensure that my kids have a thorough understanding of good personal finance practices before they leave the nest.
Ultimately it will be up to them to decide if they want to heed the stories and lessons I have been tirelessly passing on to them ad nauseum since they were
Continue reading A Small Victory in My Quest to Raise Financially Literate Kids
The Honeybee will tell you that this guy and I have at least one thing in common.
Not too long ago I was preparing a recipe from an old cookbook that called for a couple of 7-ounce cans of tuna.
After looking in the pantry, I was happy to see that I had exactly two cans of tuna — until I remembered that tuna was one of the many products affected
Continue reading Why Sneaky Package Size Reductions are No Longer Fooling Consumers
Congratulations if you can figure out the connection between this picture and the story.
There are those who steadfastly insist that credit cards are evil, and that credit card companies are greedy heartless scallywags that care only about one thing: making a profit.
I’ve got news for them: Credit card companies aren’t evil.
Neither are profits. Besides, when it comes to profits, credit card companies are no more heartless or greedy than,
Continue reading A Simple Trick for Getting Credit Card Interest Charges Waived
Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.
For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts
Continue reading 9 Important Tips for Managing Financial Risk
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
Readers: Awhile back I received a message in my inbox from Steven, who lives in the United Kingdom. He agreed to share his story with you. I hope you find it as inspiring as I did. — Len
Last November my washing machine died. Because I make decent money (the equivalent of about $35,000 US dollars), that should have been a trivial event. However, it turned out to be much more
Continue reading True Story: How a Broken Washing Machine Fixed My Finances
I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed dollar you earn is worth only $0.90; tack on FICA, state and other taxes and it’s worth even less.
Continue reading 100 Words On: Why a Penny Saved Is More Than a Penny Earned
I’m not a plumber. In fact, I’m not very handy around the house at all.
If I can’t fix something with a hammer or screwdriver I prefer to pay somebody else to do the work. That’s why I decided to get a professional to reroute and install new plumbing hardware during our kitchen remodel.
Of course, we needed estimates. After making a few calls to local plumbers, the Honeybee presented me with
Continue reading How to Find A Low-Priced Plumber That Won’t Rip You Off
It may seem hard to believe at times, but the 44 Americans who have had the good fortune to be called “Mr. President” are really no different than the rest of us.
Oh sure, sitting US presidents may be considered the most powerful men in the free world, but at the end of the day they still put their pants on one leg at a time. Yes, some were financially successful
Continue reading 18 Personal Finance Facts You Didn’t Know About US Presidents
The other day I was talking to somebody (who, um, shall remain nameless) who was lamenting the fact that he couldn’t find enough discretionary income for an annual family vacation.
I found that fascinating considering Eddie (oops!) drives a brand new BMW and lives with his family of four in a modest Southern California neighborhood.
Of course, life is all about choices.
Eddie — oops, I did it again — may be upset
Continue reading The 4 Biggest Ways to Stretch Your Income