How I Squandered My Inheritance at Age 18
Lyn Roman inherited a small trust fund, and spent it all in a year. But the lessons she learned from her mistakes, and how she bounced back from them, have been priceless.
financial literacy
5 Things You Must Know About Mortgages
Even after the housing crisis, many potential buyers still don't know even the most basic things about mortgages. Here are five essential facts about financing a home.
How the Wisdom of Confucius Can Lead You to Financial Success
Asian Americans are the highest-income and best-educated racial group in the U.S.,and author YuKong Zhao believes he knows why: Confucian values.
Can Congress Help Boost the Nation's Financial Literacy?
Sen. Kay Hagan aims to change the nation's dismal record when it comes to educating young people about personal finance. Her plan: the Financial Literacy for Students Act.
Money Terms to Know: What Are Benchmarks?
A benchmark is just a baseline for comparison, something to measure similar things against. But are you using benchmarks properly in your financial and non-financial life?
Money Terms to Know: Risk and Return
We all know what financial risk is: the chance of losing your cash. And return is what you make on an investment. What many don't understand is the relationship between them.
5 Tools to Help College Students Manage Their Money
Along with worrying about their academics, parents are worrying about their college kids' financials. Here are 5 things parents can do to help sharpen students' money skills.
Financial Literacy Gets a Hip-Hop Makeover
Long filled with messages of outlandish lifestyles and expensive habits, hip-hop has lately been promoting more frugal choices. From "Mo Money, Mo Problems" to the virtues of shopping secondhand in "Thrift Shop," the genre's done a 180.
Women and Money: Saving, Struggling and Teaching the Kids
A global survey on financial literacy confirms it: Men and women have different financial priorities. But what may surprise you is how styles vary from country to country.
You Won't Believe How Few People Know the Basics of Investing
Recently, the financial advice gurus at NerdWallet polled Americans to see what we know about basic investing subjects, and the level of ignorance they found will shock you.
Money Terms to Know: Cost-Benefit Analysis
At heart, cost-benefit analysis means creating a quantified pros and cons list for any decision -- a process that will usually yield better results than "going with your gut."
How Much Financial Advice Do You Really Need?
Despite a troubling national shortfall in retirement savings and the aftereffects of the foreclosure crisis, the answer, to judge from a rash of recent studies, is "not much."
QUIZ: How Financially Literate Are You?
In honor of Financial Literacy Month, here are 10 money questions to challenge your basic knowledge about managing finances.
Money Terms to Know: What Is Inflation?
It's Financial Literacy Month, so throughout April we'll be examining key economic concepts that affect your everyday finances. Today's term: net worth.
With Banks Courting Customers, You Can Try Before You Buy
In an effort to be friendlier (and lure customers) banks are giving away services like personal consultations, financial literacy classes and seminars. And that's good for us.