Lee Siegel ran an op-ed last week explaining why he defaulted on his student loans, and why he thinks today’s youth should, too. This is terrible advice. Please do not default on your loans. Please do everything you can not to default on your loans. His reasoning boils down to some pretty malodorous narcissism, like […]
There are only four days left before the start of Hanukkah and only eight days left before Christmas. And we bet you could use a little extra cash to buy gifts. Our list will get you some money with little effort. Most of the things on the list will only take you a day to […]
This past payday, I was as excited about having the funds to bring home this season’s faux fur vest as I was about skimming 10 percent off the top and watching our savings account increase. And I have to admit, I’m pretty proud of myself for being responsible enough to make that deposit regularly – […]
Despite reports to the contrary, the recession seems to be alive and well—especially if you ask those of us in our 20s and 30s who are still looking for jobs, and who might have had to move back home. I know all too well what that’s like. When I was 26, I returned from a […]
No matter how frugally you learn to live, there are still going to be some things you’ll want to splurge on, and that’s OK. I mean, this is a recession, after all, not a potato famine. You don’t have to give up all your luxuries or switch to low-cost everything; you just have to get savvier about making […]
In fun holiday news, a new type of investment company is popping up around the country. If you’re intimidated by the stock market, maybe you’ll want to invest in divorce proceedings? Or not. Two companies — Balance Point Divorce Funding in Beverly Hills and Churchill Divorce Finance in New York — let you contribute to […]
I’m amazed at how every time I walk out of my apartment, cash just seems to seep out of my wallet. So, this year, in a conscious effort to make my paycheck stretch a bit longer, I’ve been keeping a watchful eye on my miscellaneous expenses. Here are some common dollar drains I’ve found and […]
I am essentially living my dream—seven months ago, I packed up my life in New York and decided to move to Paris for a year. I get a lot of “How did you do it?” questions from people with similar aspirations, all of whom seem to think that moving abroad was a whimsical decision I made in […]
In finance, there’s a canon that everyone on Wall Street has read: Benjamin Graham, Adam Smith, and Robert Schiller. But no canon exists for personal finance. In fact, most personal finance books are a frustrating waste of time and money. From Suze Orman’s factually incorrect information to Jim Cramer’s super-caffeinated hysteria, it’s a sad field that puts […]
