Let’s Throw Some Money at Our Problems: October 2013 Check-In

OK! Let's throw some money at our problems.

How an American Earns a Living in Turkey

I make 78,000 Turkish lira per year, which was around $40,000. With the exchange rate now, it's closer to $39,000.

My $10,000 Safety Net (Thanks, Gran)

Money from dad from Gran.

Living on $15,000 a Year

Broke Person: So, I'm 25, I live in the Midwest, I work and live at a camp/environmental learning center, and I earn just shy of $15,000 a year. It's pretty seasonal work, so I earn most of that between late April and early November.

Accumulating More Debt Than Money for Retirement

A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found.

Three in five workers with defined contribution accounts are “debt savers,” according to the report released Thursday, meaning their increasing mortgages, credit card balances and installment loans are outpacing the amount of money they are able to save for retirement.

In today’s news about our on-going retirement crisis, Americans with 401(k)-type retirement accounts put away a little more than 11 percent of their pay for retirement, but they’re also accruing more debt at the same time. And it’s not because Americans are any more or less responsible than they were a generation ago (Elizabeth Warren can explain this better than I can). And this is just among Americans with 401(k) accounts—59 percent of households headed by people age 65 and older currently have no retirement assets, according to Federal Reserve data.

Photo: Wikimedia Commons

A Conversation with a Photographer Who Earns $50,000 a Year

Grant: I'm 28, live in Chicago, Ill. My fiancé and I just moved to a neighborhood called Logan Square last weekend. I am a photographer.

How Reddit Thinks You Should Do Money

What are some useful secrets from your job, Redditors?

I’d Totally Save Money If It Didn’t Feel Impossible

I have a problem, and that problem is not being able to save money.

One Day at a Time

Helaine Olen tackles saving for retirement (or saving for anything, really) in her Guardian column today, and one of our very own editors makes an appearance.

Nine Money-Saving Tips From My Mom

1. You can dress nice for that big dance by buying swanky clothes and then just returning them when the dance is over. Ditto patio furniture and a cookout.