debt

The Constantly Moving Target of Debt Freedom

Posted on 08/19/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsIn my line of work as a professional cheapskate, a week rarely passes when I don’t receive a money-related press release or see a news item that leaves me shaking my head about people’s attitudes and behavior when it comes to money.  Adlai E. Stevenson said it 50+ years ago, but it’s apparently all the more true today.  Stevenson said:  “There was a time when a fool and his money were soon parted, but now it seems to happen to …

Record 21.6 Million Young Adults Live With Parents

Posted on 08/1/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsPerhaps you thought that by your 50s and 60s you’d be relishing the peace and quiet of an empty nest. You might have been wrong. Boomerang kids are back, along with the kids who never left the nest. A record 21.6 million young adults ages 18 to 31 (36 percent of that age group) lived in their parents’ homes in 2012. That’s the highest share in 40 years, according to a new analysis of Census Bureau data by the Pew …

Thin or Fiscally Fit: You Choose

Posted on 07/31/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsWould you rather be thin or debt-free? I know, you want to be both. For those of us who are overweight and underwater, it’s a nice dilemma to mull over (beats the quandary of saving for retirement or paying for your kid’s college education). But it wasn’t a tough call for 72 percent of 2,021 Americans polled. They’d rather keep their current debt than the alternative: gain 25 pounds and owe nothing. Related: Be Debt-Free in a Year or Less Maybe …

Don’t Get Snookered by Sneaky Fees

Posted on 07/25/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsIf you’re using credit and debit cards to pay for purchases — and let’s face it, who isn’t these days? — you’re probably paying hundreds of dollars in fees you didn’t even know about. These sneaky charges typically show up in your statement for things like a membership or subscription that automatically renewed without your authorization, or when a free two-week trial morphs into an ongoing membership that charges you each month (again without your permission), or when extra fees …

Dad’s Legacy of Debt Inspired a Movement

Posted on 06/14/2013 by | AARP Blog Author | Comments

Money & SavingsThis is a guest post by Jeff Rose. Fathers tend to leave lasting memories behind for their children. Fond summer memories for some might involve playing catch or ‘HORSE’ basketball, going fishing, or grilling hot dogs that tasted just right. For me, my father’s legacy was debt. Growing up, my father gave me everything: love, support and understanding. I cherished every moment with him and I wouldn’t trade those experiences for the world. When I got older that I started to realize that my dad …

Parents, Get Your Financial Life in Order. Then Talk to Your Kids.

Posted on 04/1/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsA new survey that questions whether parents talk to their school-age kids about money reveals some startling results — namely, that nearly one in five parents expect to lean on their children for financial help in their retirement years. The Parents, Kids & Money Survey by investment firm T. Rowe Price was designed in part to find out whether parents talk to their elementary- and high school-age kids about saving and spending, and just how in-depth they go in guiding their children …