Half of college grads still relying on parents’ money

This economy is tough.  Especially for a recent graduate with tens of thousands of dollars of loan money to pay off and no full time job that begins to allow you to repay the debt.  So what do you do?  What you’ve always done: turn to mom and dad.  This Money Magazine article by Blake Ellis focuses on the high percentage of college graduates who are leaning on their parents for stability, even two years out of college. Students who graduated college in the throes of the recession are still struggling to make it on their own. Two years out … Continue reading Half of college grads still relying on parents’ money

Turning workers into capitalists

I read an interesting statement the other day that said “If you’re working for someone else, you’re a slave of capitalism.”  Now, of course there are no phsyical whips or chains as there were back in the days of American slavery but there are credit scores and depression, which can be just as detrimental to the health of an individual, if (s)he is in too deep.  So how do we close that gap?  The Economist attempts to answer that question in this short but good read from a few weeks ago. There is a depressing familiarity about much of the discussion … Continue reading Turning workers into capitalists

Avoiding bank fees can help protect your savings

Kelli B. Grant, CNBC 6:04 a.m. EDT September 8, 2013   If your checking account balance is unexpectedly low, bank fees may be to blame. But that doesn’t mean you have to pay up. Fee-free accounts seem to have gone the way of the free toaster. The average checking account these days has an average of 30 potential fees attached to it, with some listing more than 50, according to a new study from WalletHub.com. Experts say they see the usual suspects—overdraft fees, ATM surcharges and maintenance fees—becoming pricier, too. “Fees have been going up for years, even before the … Continue reading Avoiding bank fees can help protect your savings