So far, I’ve received one submission for Carnival of Personal Finance. Remember to send your submissions in before Sunday night.
Here are the articles I’m reading today:
Kids get more expensive for their parents as they get older, and this article enumerates the costs of a teen-ager. Sports or music, food, orthodontia, and a plethora of other expenses add up to $1,000 each month when measured by a parent.
The good news is that I’m in no danger of having to deal with this particular expense any time soon.
If you’re in a kid mood, you may want to watch out for the money mistakes of new parents. This focuses on the correct choices regarding insurance, college funds, wills, and more. The article also mentions the stay-at-home-parent issue.
We’ve talked about babies and teenagers. Sometimes kids are a financial burden when they come home from college. Letting kids live at home after college and giving them an early start on savings can help them in the long run, especially if they don’t have a high-paying job right after graduation. The article suggests some ground rules for homecoming adult children.
* Nike goes to hyper-personalization in one store and online. The store is invitation-only.
* Exchange-traded funds versus index mutual funds. You do well with either but one may be better depending on your situation. If you have a lot to invest at one time, go with the ETF. If you’re dollar-cost averaging, go with the index fund.
* TV dad salaries range from James Evans, Sr. (from Good Times) earning $0 while unemployed to Blake Carrington (from Dynasty) earning $856,515 (in today’s dollars) as the CEO of Denver-Carrington.
Blog News: Stephen, formerly of IRA-CAM.com, has put together a community investing website called OpenPortfolios. You can create a user account and share your portfolio. There are performance tracking tools, and everything is public. Great idea!