When I was in school, working part time for very little money and thus totally unable to afford payments on a credit card, I was pre-approved, but now that I’d gotten a well-paying (by 1990 standards) full-time job in my degree field, I was a bad credit risk because I’d been smart about not getting in debt when I was in school?
As of this writing, almost 31,000 people have raised almost 500,000 euros for the nation of Greece.
“The choice before Greece is: insolvency or political unrest. To delay the inevitable financial disaster, Greece has put its financial system on hiatus.”
What’s going to happen next? The banks will be fined, of course. So far, no individual bank employees have been indicted, in part because (to quote the NYT) “the banks long ago dismissed most of the employees suspected of wrongdoing.”
Theory: Expecting X and getting X+ = happiness; expecting Y and getting Y- = unhappiness, even if Y- > X+.
30 years later, we have discovered that, if our 401(k) is indeed our primary way of accumulating money for retirement, we’re kinda screwed.
A Buffalo nickel is worth a pretty penny, should you find one these days.
We take a look at Digit, a new savings app that promises all the benefits of saving money without even the pretense of interest.
Venmo is most widely used by millennials. Like other topics once known for being verboten at a dinner party, we’re known for being more open than our parents about money. So it’s fitting that Venmo, unlike its predecessor PayPal, includes a social networking aspect: I log in and can see that Alex paid Sara $13 for movie tickets. But we’re also still navigating a time in our lives when careers and financial milestones move at varying paces among peer groups, breeding those awkward bill-splitting moments that so often end in temporary annoyance (“Did you see the way Pat stiffed the bartender on the tip?” “Those girls John brought last night ordered like, three pitchers of margaritas that they didn’t pay for, dude.”)
“The general finance mentality is that you don’t spend a lot of money during the week, so during the weekend — the weekends that they are not working — they like to spend a lot. They want to get a girlfriend or just hook up with girls, and it takes money to go out and meet girls.”