While everyone has to handle money, not everyone can say they know what they’re doing when it comes to finances. Sure, you can just hire someone to manage your money and forget about it, but the best solution is to get control of things yourself. Fortunately, there are people like Bruce Sellery around to give you a helpful push. He has developed a new way to teach people about money, and has written a non-preachy book called “Moolala: Why Smart People Do Dumb Things with Their Money (And What You Can Do About It)” to educate and empower the masses. WatchMojo was lucky enough to ask him a few questions so we can get started on organizing our money matters:
WM - The book is called, “Moolala: Why Smart People Do Dumb Things with Their Money (And What You Can Do About It):” So, why do smart people do dumb things with their money? continue reading...
When you’re a student you need a job that has flexible hours, offers a reasonable pay and is something that you can add to your resume for your future break into the real world. continue reading...
If you’re heading off to college or university this year you may be experiencing mixed feelings. Excited to be on your own, but still a little nervous about the unknown. continue reading...
Since 1 March, at least nine American universities have received anonymous donations totaling over $45 million. The catch is: the school had to promise not to try to find out the benefactor’s identity. It is not clear whether the source is an individual, a group with similar interest or an organization. Some of the schools even went so far as to contact the Internal Revenue Service (IRS) and the Department of Homeland Security to verify that the money was not ill-gotten.
The unknown supporter also stipulated that the majority of the money should go to student scholarships, while the rest can fund research, equipment and operating expenses. Read more… continue reading...
Just when you thought student debt couldn’t get any worse, it does. More students today are paying their college fees on credit, and therefore carrying higher balances, a study has found. This study also shows that students are using their credit cards as opposed to seeking financial aid such as private loans and grants. Some students worry that their college debt will prevent them from buying homes in the future. Read more… continue reading...
Schools and students alike are concerned the failed economy will force dropouts. With college already costing around $50,000 for room, board, books, tuition, etc, some student have had to make tough decisions to leave school, take out bigger loans, or get part-time jobs. Some may even switch to schools with cheaper tuition rates. Read more… continue reading...
In honor of Halloween week, here’s a scare: the most expensive colleges of 2008-2009. continue reading...
Getting into and paying for college may seem like a daunting task. But here are a few tips that may make things easier: continue reading...
NEW YORK, May 12 /PRNewswire-FirstCall/ — Lucrative jobs, corner offices and business lunches may be what undergrads and their parents have in mind for a post-graduation future, but their view on the amount of money they need to pay for education is generally far less clear. Estimating the total cost of a college education can be confusing, which often leads to bad decisions when it comes to funding that education.”The best place to start when it comes to figuring out what you can affordably borrow is to calculate the total cost of the education they are pursuing. However, parents and students frequently find themselves at a disadvantage when trying to determine what this figure will end up being,” said John P. Derham, an officer for MyRichUncle. “A few smart rules are in order to help families get to a realistic number to start budgeting for.”
Math Rule #1 — Know your Estimated Total Costs, in relation to tuition and fees continue reading...
REDWOOD CITY, Calif., Dec. 6 /PRNewswire/ — Every parent wants to set children on a path to financial responsibility, and the holiday season is the perfect time to start. Obopay CEO Carol Realini offers the following tips on how to use the holiday season to teach children about financial literacy.
1. Bring your child to work with you to explain where your money comes
from and how you earn it.
2. Teach kids the difference between needs and wants. Explain that you
also have needs and wants, and how you make decisions about purchases.
3. Deposit your children's money into an account to teach them how to
manage it.
4. Allow your child to keep his or her own money. It should be the
child's job to keep it safe.
5. If your child wants to borrow money to purchase holiday gifts,
consider it a lesson in loans. Charge a bit of interest, and he or she
will understand that it is better to spend what you have than to
borrow.
6. As your child gets older, gradually increase the amount of purchases
for which she or he is accountable.
7. Share with your children the importance of giving. It is the greatest
gift you can give yourself. Involve them in your charitable donations
this holiday season. Encourage them to donate some of their own money.
There are many reputable sites to learn of quality organizations.
8. Let children make (small) mistakes with their money so they learn the
consequences of poor money management.
9. Monitor your child's spending habits so you can provide real-time,
real-world guidance.
10. Take advantage of new tools available to help your children and family
learn financial literacy. Obopay is an excellent one - it is mobile
phone based and almost all children are already comfortable with
mobile phones.
Managing money is one of the greatest skills parents can teach children and encouraging good spending habits at an early age will save your child lifelong angst. continue reading...
