It is a truth universally acknowledged that a young man (or woman) in possession of a desire to better his finances must soon be in want of a budget. A big chunk of personal finance literature is devoted to teaching how to examine what is coming in (let’s call it “X”) and then how to divvy up X into different budget buckets. These buckets are as… read more »
Here’s a conundrum. If you compare investors’ returns in funds to the returns of the funds themselves, they should be the same, right?
Well, no. You see, “studies find that the returns investors have earned over time are much lower than the returns of the average investment,” writes Carl Richards, the Sharpie-wielding Bucks blogger at the New Y… read more »
In the first chapter of All the Money in the World, I note that most personal finance books tell readers to keep track of all the money going in and out. The usual point of this is to make sure that the “money coming in” category is bigger than the “money going out” category. Which is, of course, a good thing to know.
But let’s say it… read more »
In late 2010, shortly after I got a contract to write the book that would become All the Money in the World, I started asking everyone I knew for people with interesting money stories. One friend, who at the time was quite into couponing, mentioned a coupon blogger who’d paid cash for a house. I thought this sounded intriguing, though I believe my line at the ti… read more »
(Note: This column ran in today’s USA Today)
By Laura Vanderkam
In a tepid economy, people look to save money however they can. One strategy? Not having kids. After hitting a high of 4.3 million in 2007, U.S. births tumbled, according to the Centers for Disease Control and Prevention, to about 4 million in 2010.
It makes sense. Each year, the U.S. Depart… read more »