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The Honesty of Companies, Middle Class Stagnation

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Happy Mother’s Day! Take some time to thank your mother for any good personal finance lessons you learned while you were growing up, whether by positive or negative example.

A few times a month, Lance from Money Life and More will stop by to share some of the best articles from across a variety of publications, including other blogs and mainstream media.

Things always seem to have a way of not going 100% as planned lately in our household. Recently, we found out our friend that was going to be our tenant for our townhouse rental could no longer rent it as planned. It was just another reminder that you shouldn’t mix money with friends and family.

Of course that is just a small problem for us personally. Nationally, MSN suggests that the middle class is resigned to stagnation. According to their article, the middle class is no longer striving to get ahead, but simply struggling to not fall behind.

Then there is the question of what is too honest? Is it too honest for an employee of a company to tell a customer that they can get a better deal elsewhere? I thought this was a really interesting situation, but I bet it happens more often than you’d think it would.

Speaking of being honest, a gambler found a game machine that had a programming bug in it. If a certain setting was turned on, it was possible to beat the machine and make a significant amount of money. He didn’t change any settings, but simply only played machines in which the setting was on. Now he’s getting prosecuted. I don’t see it as a crime, but what’s your take?

Last on the list this week is something I never thought about. How would you bank if you lived in a country with a foreign currency? It turns out banking in a foreign country is a lot more difficult than you’d think. Keep this in mind if you plan on retiring in a foreign country. It isn’t as easy as you’d think it could be in today’s digital age.

I hope everyone is having a great Mother’s Day weekend! Personally, I’m just hoping I don’t have to go to work.

Photo: Flickr

Updated June 23, 2016 and originally published May 12, 2013.

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About the author

Lance is the author of the blog Money Life and More. Growing up with an entrepreneurial spirit, Lance recently graduated from college with a degree in business accounting, and with his CPA certification, works in corporate accounting. Follow him on Twitter. View all articles by .

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