More and more Americans are looking for increasingly small places to live, some less than 100 square feet. Small-space living is most popular with young urban singles and students who live in cities where the cost of living is high. Some micro-housing buildings provide living quarters for six to eight residents who share a kitchen; other similar spaces include a small kitchenette. The spaces are about the size of a camper or a hotel room, typically 150 to 250 square feet, and may even be transportable. Those promoting these small abodes aren’t talking about people who are “downsizing.” Instead, they have coined the term “rightsizing” to describe the goal of the “minimalists” who are choosing to live small. Continue reading
One way or another, you probably learned some important lessons about money as you grew up. Some things you learned from your parents (and possibly grandparents). They probably tried to teach you the things they believed were important. You may have learned other things about money (good or bad) by observing your family and others. If you were lucky you may have taken a class in high school that included a few lessons on money management. Regardless, your financial literacy is likely to have some gaps. Perhaps, you know you still have a lot to learn before you can manage your money with confidence.
A recent survey by the National Foundation for Credit Counseling (NFCC) found that 65 percent of people say their mother is intimidated by money, views managing money as a necessary evil, or has never managed money. About 730 people responded to the poll on the NFCC’s website, http://www.debtadvice.org/. Just 35 percent of those surveyed agreed their mother is “pretty savvy managing money, and enjoys it,” according to the poll. A survey regarding dad’s financial savvy might well have received similar responses from many of us. Continue reading
Following regular maintenance schedules and paying attention to signs of problems will prevent many auto-repair problems. A good way to keeping your vehicle in good condition is to follow the maintenance schedule in your vehicle’s owner manual is You might also want to use a Basic Car Maintenance Checklist. If you don’t follow the manufacturer’s maintenance recommendations or notice signs that your vehicle is developing, you can end up with an expensive repair bill. Continue reading
After rent, transportation costs are likely your next largest living cost. Your first task in keeping these costs in check is to make a careful decision when you select a new or used car or truck. Other tasks include minimizing the ongoing costs of owning a vehicle. Continue reading
For years high school counselors and parents have told students that completing a bachelor’s degree is their ticket to the good life. Today, the cost of a college degree is skyrocketing and the potential of a degree leading to a well-paying job is a lot less certain. In addition, many young adults finish college facing years of repaying student loans. As a result, many students (and their parents) are questioning the value of a college education. Continue reading
The cost of completing a college degree is higher than ever! That cost is even higher for the many students who take five to six years to earn an undergraduate degree. With a year of college costing $17,500 at a typical in-state public university and much more at a private university, every extra year increases the price of your degree. Making careful choices of major and college will improve your odds of graduating on time with a degree that leads to a well-paying job. You can improve your chances of graduating even more by making graduating on time a priority. Continue reading
What do you want your money to do for you? Would you like to dig your way out of debt? Do you wish you could save more money each month? Would you like to have more to spend on the things that are most important to you? If so, you need to take a good look at your goal setting, credit, saving, and spending habits. You can’t have everything, but you can live with less worry and make the most of your money by setting goals, handling credit responsibly, saving for the future, and spending wisely. Take charge of your finances by taking these steps: Continue reading