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Teaching Kids About Money, Part 2

by Flexo

Previously, I mentioned Yahoo Finance’s latest feature on teaching children about money. This post continues with that feature. Lynne Ticknor acknowledges that schools often don’t have the resources to teach classes beyond core curriculum. Personal finance classes are therefore difficult to find in public schools. Thus, the responsibility falls on the parents, who as many ... Continue reading this article…

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Kids Want The Darnedest Things

by Flexo

Is your kid a spoiled brat? When I was young, I generally got what I wanted from my parents. They were lucky that the things I wanted weren’t much. (Though they were upset when I’d rack up lots of long distance phone charges with the modem while calling BBSs.) Many parents struggle with not buying ... Continue reading this article…

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What Are You Afraid Of?

by Flexo

CNN Money has an extensive feature on how general consensus is wrong again. The articles look at the biggest money fears, how they may be unreasonable, and what should worry the public instead. Here are the first three from the series. The remaining three appear in a follow-up post here at Consuermsim Commentary. While Americans ... Continue reading this article…

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How Much Will I Spend On Gas This Year?

by Flexo

I’m in the mood for some calculations. I paid $2.47 per gallon for gasoline last night. What will it cost me to drive to work this year, assuming $2.50 is the average I’ll pay? I drive 80 miles to and from work (combined) each day. To make the calculation easy, let’s say each year I ... Continue reading this article…

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Stupid Investment of the Week

by Flexo

On MarketWatch, Chuck Jaffe presents his Stupid Investment of the Week. In this case, it is the STAR Trader Workshop. If workshops like these have superfans, I am the farthest from one. Luckilly, Chuck lost only time and not money by attending an introductory workshop. This seminar, as advertised on television infomercials, is supposed to ... Continue reading this article…

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Money Clubs?

by Flexo

Marshall Loeb mentions the popularity of money clubs, akin to the investment clubs of the 1990s. Much like other sorts of support groups, money clubs offer the unique opportunity of belonging to a group of people with similar desires, who can encourage, inform and brow-beat you as needed. (This sounds very much like the community ... Continue reading this article…

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Free Prizes May Not Be Worth It

by Flexo

In some cases, it might be better to decline contest winnings [free WSJ article] than to accept the prize. The income tax due on winnings might be more than what it would cost to buy the prize outside of the contest. In the article, a man declines free American Airlines flights.

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Generous USians

by Flexo

A new report by the Giving USA Foundation announces that charitable giving incerased 5 percent to almost $250 billion in 2004, and that doesn’t even take most of the tsunami relief into account. The two categories of organizations receiving the largest amounts of contributions are religious groups and education. Smaller organizations were more likely than ... Continue reading this article…

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