Tag: personal finance

Closing Prices for Crude Oil, Gold, and Other Commodities (May 31)

Benchmark U.S. crude oil for July delivery fell $1.37 to $68.09 a barrel Wednesday. Brent crude for July delivery fell 88 cents to $72.66 a barrel. Wholesale gasoline for June delivery fell 4 cents to $2.56 a gallon. June heating oil fell 2 cents to $2.26 a gallon. July natural gas fell 6 cents to…


How Major US Stock Indexes Fared May 31

Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6 percent Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4 percent. Markets in Asia fell even more following discouraging data on manufacturing in China. In the United…


What a Divorced Woman Needs to Know About Social Security

My wife and I are celebrating our 49th wedding anniversary this week. (Although at our age, “celebrating” means maybe an extra scoop of ice cream on our next trip to Dairy Queen!) I know we are fortunate to be reaching almost five decades of wedded bliss because I get a lot of questions from divorced…


Closing Prices for Crude Oil, Gold, and Other Commodities (May 30)

Benchmark U.S. crude oil for July delivery fell $3.21 to $69.46 a barrel Tuesday. Brent crude for July delivery fell $3.53 to $73.54 a barrel. Wholesale gasoline for June delivery fell 11 cents to $2.60 a gallon. June heating oil fell 9 cents to $2.28 a gallon. July natural gas fell 9 cents to $2.33…


How Major US Stock Indexes Fared May 30

Wall Street churned to a mixed finish as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 was virtually unchanged Tuesday, hovering near its highest level since August. The Dow Jones Industrial Average fell 50…


3 Signs You May Need a Credit Card Hiatus

When your finances start to spiral and it becomes increasingly difficult to keep up with credit card payments or build toward financial goals, switching your payment method temporarily to cash or debit could help. Spending with credit cards can stimulate the brain’s reward center and drive you to make more purchases, according to a recent…


Six Common Money Blunders

I could be wrong, but I’m going to guess you’ve made a money blunder or two in your life. For many of us, it was a nonstop series of blunders that finally brought us to our financial knees. But I’m not talking about the kind of blunders that got us into trouble. We could list…


Protect Yourself Against Against Credit Card Fees

By Lisa Gerstner From Kiplinger’s Personal Finance Failing to pay your credit card bill on time can result in a hefty fee. The amount varies by card, but under federal rules, issuers can currently charge up to $30 for the first late payment and up to $41 for subsequent late payments within six months. The…


All You Need to Know About Living Off Dividends

Preparing for retirement may take more time, money, and effort than you think. It is especially harder to transition this year as inflationary pressures intensify. Although it may benefit savers and lenders, its impact is less desirable than we think. It erodes the value of dollars and, in turn, hurts the purchasing power of consumers….


Here’s How to Understand the Ups and Downs of the Stock Market

By Brad Klune For anybody who has ever questioned why the stock market appears to defy logic and common sense, Brian Feroldi’s latest book, Why Does The Stock Market Move Up? is a must-read. Feroldi provides readers with a unique perspective on the factors that drive stock market growth. Brian is a financial educator with…