Are You a Saver or a Spender? Find Out Why

What makes one person focus on saving for his or her future, while another is totally oblivious and winds up hopelessly in debt? It turns out that our relationship with money is much more complex than we think. Debunking conventional wisdom In the 1996 best-selling book, The Millionaire Next Door, authors Thomas Stanley and William Danko revealed some little-known behaviors of the majority of millionaires. While millionaires, of course, were often high income earners, they were also hoarders who rejected the big-spending lifestyle. They tended to …

Lifestyles of the Rich and Frugal

“If you buy things you do not need, soon you will have to sell things you need.” That sounds like something any one of the hundreds of proud, self-proclaimed “cheapskates” I’ve written about over the years would say. And it is a major tenet of living a frugal, simpler life — one which, I would argue, is ultimately happier, less stressful and more rewarding. But it may surprise you to learn that those words were actually spoken by none other …

Online at 50-Plus: Good News and Bad

You think you’re tech-savvy but you’re still doing risky things online? You’re not alone. So concludes the first-ever survey by software security firm McAfee that offers insights into the online habits of computer users aged 50-75. Sign up for the AARP Money Matters newsletter Key findings after interviews (done online, of course) with 1,258 folks past the half-century mark: *Nearly nine in 10 consider themselves to be equally or more tech-savvy compared to others their age. “Despite this proclaimed comfort level …