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Over the next couple of weeks, six finalists will be auditioning for the opening of “staff writer” at Consumerism Commentary. Each will be providing two guest articles to share with readers. After the six writers have shared their guest articles, readers will have an opportunity to provide feedback before we select the staff writer. This article ... Continue reading this article…

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The unemployment rate for young workers between the ages of 16 and 23 is 18 percent, and that is an increase of five points from a year ago. That age group includes high school drop-outs as well as college graduates, and for these people the future looks bleak. Adults are taking the minimum-wage jobs teenagers might ... Continue reading this article…

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I do not currently have children, but I have not ruled out starting a family some day. If and when I do have children, I hope I will be able to help them become smart and capable adults over time. I believe this is what my parents have done for me, and I’d like to ... Continue reading this article…

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A few years ago, the personal finance blogging community came together to create the pfblogs.org Financial Literacy Challenge through DonorsChoose.org, a charity that facilitates funding for classroom projects needing money. The challenge was designed for bloggers to encourage their readers to provide tax-deductible donations through DonorsChoose.org to fund classroom projects focusing on increasing financial knowledge. ... Continue reading this article…

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Although I do not have children, I am considering starting to save for college. With the cost of tuition rising well above levels of inflation, the sooner I get started, even before any children exist, the higher the chance my child or children will be able to go to school without an insurmountable pile of ... Continue reading this article…

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Or maybe not. Capital One conducted a survey of high school seniors to determine how many of these young adults are prepared to handle finances on their own. The company asked the students to rate their own levels of knowledge of personal finance. The results may be interesting, but they don’t reveal anything about financial ... Continue reading this article…

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While it’s great to avoid debt whenever possible, if you have to deal with federal student loans, including Stafford and PLUS loans, you might qualify for some better deals starting July 1. Interest rates will be at the lowest rates in years. If you can consolidate, lock in rates after July 1. They will be at ... Continue reading this article…

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On a macro level, debt was a force behind the incredible economic expansion over the past two centuries, and the availability of debt at the family level played a role as well. Despite all that debt has brought society, many financial gurus and authors vilify debt and explicitly call the idea of borrowing money ... Continue reading this article…

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I’ve often written here about the disappointing lack of financial education in schools, and it’s this same dearth of vital information that has apparently led to a new special airing on ABC this Friday: Schools teach us almost everything, but not “Money 101.” For the basics on finance, turn to UN-BROKE: What You Need to Know ... Continue reading this article…

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If there is a college graduate in your life, he or she is about to receive a number of gifts. The first gift will be the realization that it can be difficult to find a job in this economy right now if the goal is to get a job in the same field of study ... Continue reading this article…

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Although the latest figures indicate job loss is slowing, at 8.9 percent the unemployment rate is continuing to increase. Some unemployed individuals who want to take classes to build skills while looking for a job experience some roadblocks:

Searching for work can be a full-time job. Finding time for all your responsibilities and desires can be a ... Continue reading this article…

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I’m not a financial planner, adviser, guru or anything of the sort. The reason I’m writing here today is because I screwed up big time. Fortunately for you, I think I’ve figured out where the mistake began. Recently I’ve been taking an informal poll of some of the people I would consider to be relatively young ... Continue reading this article…

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Occasionally, readers email me with questions about their own personal finances. Considering I share so much of my own, it’s always interesting to get a peek into the issues other people are concerned about. In fact, right now, I am actively seeking reader questions to serve as launching points for a discussion I plan to ... Continue reading this article…

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President Obama has proposed a number of changes that will affect how college students qualify for and receive loans to finance higher education. The plan calls for significant changes and like many other changes in the government over the past month, it is causing some controversy. Currently, the government subsidizes student loans offered by banks and ... Continue reading this article…

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Having done all of my formal schooling in New Jersey, some of it more successful than the rest, I was excited to see a short story in NJ’s Daily Record about a bill passing through the NJ State Senate that would require basic financial skills to be taught in High Schools. This is sorely needed in ... Continue reading this article…

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I do not have any children. I am, however, planning to have children at some point in the future. It is part of my long-term vision for my life, despite endless stories from co-workers who seem to have such a difficult time with their own. (These stories are always followed by a confession that they are ... Continue reading this article…

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If the only value of higher education is the money you earn throughout your lifetime with your college degree, then SmartMoney’s recent study might help you decide where to matriculate. Ivy League schools don’t pay off as much as one might expect. The magazine surveyed the annual salaries earned by graduates of 50 of ... Continue reading this article…

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If your goal in life is to earn as much money as possible, then you need to determine before you graduate high school what high-earning career path is best for you. You’ll need to weigh your skills and aptitude to decide the collegiate degree that provides you the best chance for professional success as ... Continue reading this article…

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Fourteen years ago this month I was nervous about what was about to transpire. At this time. although I had been away from home for extended periods of time, I was about to leave for college. Honestly, I thought I might be biting off more than I could chew. Rather than living at ... Continue reading this article…

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While I haven’t decided whether I’m making a habit of this, earlier today I asked Twitter users whether their current job is related to the field in which they earned a bachelor’s degree. The unique thing about Twitter is that responses are limited to 140 letters and spaces, so it’s a challenge to condense ... Continue reading this article…

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