Category: money

Should a Housewife Get Social Security Credits?

People frequently write to me with an idea to change Social Security law in some way that they think is clever and unique. But I usually must tell them that their proposal has been considered in the past. After all, Social Security has been around for 80 years now, and for all of those eight…


Readers Need to Know: Pay Down Debt or Invest? and Help! Horrible Odor in Leather Couch

I love it when readers send me their questions. Today I pulled the following letters from the EC mailbag. Dear Mary: We are better off than most. We have no credit card debt. We have several hundred dollars in cash stashed away in a safe in our house. And we have about $5,000 in savings….


Money Markets Ramp Up Global Rate Hike Bets, Add Pressure on Central Banks

LONDON—As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises, in most cases betting that policy will be tightened far sooner and at a much faster pace than rate-setters are signalling. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike,…


3 Money Savers That Will Pay for Themselves Over and Again

I have to admit to being a bit of a gadget freak. I’m drawn to tools and devices that do cool things. And when I discover that cool includes being a money saver, that turns a purchase into an investment with a guaranteed rate of return. Here are several items I’ve found that can save…


Protecting Yourself Against Inflation

Dear Dave, All the talk on the news about inflation is a little scary. Is there any way to protect yourself against it on a day-to-day basis? Garret Dear Garret, When people start talking about inflation, it seems like there are always some who want to start collecting gold, fill every container they own with…


3 Ways to Survive the Real Estate Gold Rush

Everyone’s talking about the real estate gold rush. And buyers are doing some pretty crazy stuff to stay competitive—like offering way over the asking price and, in some cases, offering the naming rights to their firstborn child. Yikes! This hype comes from some real factors influencing people to act quickly. Since the start of the…


Do We Need a Will? And More Great Reader Questions

Dear Mary: My husband and I just had our first child, and now that we have a new little life depending on us, we want to make sure she is always taken care of. Neither one of us has a will, but I think it’s important to set one up just in case. Problem is,…


3 Rs to Put Personal Finances Back on Track

It’s true that financial trouble is a major contributor to the breakup of the American family. It is also true that gaining control over one’s finances can repair marriages, restore families, and change the future. For that, I am eternally grateful. Let me assure you right up front that it’s possible for you to gain…


10 Minutes to Financial Freedom

Recently, I got a message from Natalie, who explained that as part of a financial preparedness event, she will have 10 minutes to speak about financial freedom. Her question to me was, “What would you talk about if you only had 10 minutes?” Only 10 minutes? I find it difficult to introduce myself in that…


4 Bad Spending Habits You Need to Break Today

Imagine a reality where you can afford to move into your dream house, send your kids to college without debt, and give so generously that it transforms your community. If only … right? Wrong. With a few changes to your spending habits, you actually can turn your financial dreams into reality. How Bad Spending Habits Mess…