According to the New York Daily News, Chelsea Clinton and Marc Mezvinsky spent roughly $3.3 million in 2010 on theirÂ marriage celebration.
Talk about a big fat expensive wedding.
The good news is, more than three years after saying “I do,” the famous couple is still, apparently, happily married.
Truth be told, 18 years ago I spent a little over $6000 on my wedding, excluding the Honeybee’s engagement ring and wedding band.
With that in
Continue reading Your Big Fat Expensive Wedding: Stupid Is As Stupid Does
Many people dream about reaching the million-dollar net worth milestone, as if that lofty benchmark somehow guarantees a strife-free financial life. Preposterous! Net worth — the value of your total assets minus your total liabilities — is overrated because it’s very misleading, as evidenced by many “paper millionaires” who struggle to make ends meet. Yes, net worth is a terrific indicator for estate planning, or identifying how much insurance you
Continue reading 100 Words On: Why Tracking Your Net Worth Is So Overrated
Never assume that just because a person holds an MBA, he knows how to run a business; the road is littered with MBA-sporting CEOs who ignominiously drove their companies into the ground. Conversely, there are just as many CEOs — guys like Microsoft’s Bill Gates and Oracle’s Larry Ellison — who achieved phenomenal success without the fancy business school sheepskin.
The bottom line: If guys like Gates and Ellison can successfully
Continue reading 100 Words On: Why You Donâ€™t Need an MBA to Manage Your Finances
One of the more difficult jobs any parent faces is teaching their kids the value of a dollar.Â Sadly, some kids never learn that money doesn’t grow on trees.
It may seem cruel, but parents who aren’t afraid to let their kids spend their money on ill-advised purchases — especially those with limited shelf lives — are actually doing them a favor.Â Experience is a terrific teacher and, with respect to
Continue reading 100 Words On: A Surefire Way to Teach Kids the Value of Money
Not too long ago a twentysomething friend of mine was telling me all about the brand new big-screen television he bought. According to him, it was a great deal.
“How much was it?” I asked.
“I paid $2000 after I got the guy to knock $400 off the price tag. I couldn’t pass it up!”
“Awesome! You paid cash, right?”
“No way!” he said. “I put it on my credit card.”
“I hear ya. I
Continue reading When It Doesn’t Pay to Buy Big-Ticket Items on Sale
When it comes to great gift ideas, I always struggle — especially for people who have everything.
My family draws names every year as part of our annual Christmas gift exchange. It’s typically done a year in advance, on Christmas Day, long after all the presents have been opened, and everybody has stuffed themselves on our traditional cavatelli dinner.
I remember one year when I had the misfortune of pulling Uncle Paul’s
Continue reading 9 Great Gift Ideas for People Who Have Everything
Maybe you heard about that infamous Kelton study from 2007 that found Americans could identify more ingredients in a Big Mac than the individual Ten Commandments.
It’s true, folks. Eighty percent of Americans knew there were two all-beef patties in a Big Mac — but just six in ten could identify “Thou shalt not kill” as one of the Ten Commandments. I know.
I’m sorry to say my anecdotal research verifies the
Continue reading The Ten Commandments of Personal Finance
I think grocery store self-check stands are both a blessing and a curse.
When multiple shoppers, loaded up with enough groceries to, say, sustain a family of four through a nuclear winter are queued up in front of a human cashier, self-check kiosks are a godsend.
On the other hand, self-check stands aren’t so hot when the guy in front of you has 57 varieties of fresh fruits & vegetables in his
Continue reading Why I Shouldnâ€™t Have Got Behind a Nice Lady in the Supermarket Line
A while back I ran into this cool site that is devoted to the wondrous and wacky world of duct tape.
Duct tape was first created and manufactured in 1942 to keep moisture out of World War II soldier’s ammunition cases. The tape was originally known as “duck tape” because the tape was made using cotton duck cloth.
After the war was over, the tape was used in the housing industry to
Continue reading 4 Ways Duct Tape Can Fix Your Personal Finances
No, that's not my closet.
The other day I was reluctantly helping the Honeybee clean out her our closets — and having a thoroughly miserable time doing it, I might add — when I came across a couple of old Discover magazines.
I canceled my subscription to Discover years ago, but I really used to love reading those magazines because the articles were always very interesting. Sometimes they were very inspiring
Continue reading A Simple Trick for Breaking Your Overspending Habit