All Articles Tagged "money"

This Is My Money: Celebrities Who Refuse To Pass Their Wealth On To Their Kids

July 27th, 2015 - By Meg Butler
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These celebrities say their kids need to work and create their own wealth because they’re not passing down their millions. Is this good parenting, or a crying shame?

$50,000 In Gratuity?! The Best And Worst Celebrity Tippers

July 20th, 2015 - By Meg Butler
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Image Source: Tumblr

Image Source: Tumblr

Can you tell how much a star tips just by looking at them? These celebrity tippers certainly caught me by surprise.

Don’t Cheat Yourself: 15 Things That Are Worth Splurging On

July 17th, 2015 - By Meg Butler
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Image Source: Shutterstock

Smart shopping is an art form. But it doesn’t always mean looking for the cheapest price. Even master bargain hunters have to know when spending a little more can do a lot for your quality of life.

About That Time I Tried To Date A Man Who Was Broke And Unemployed

June 12th, 2015 - By Deja Jones
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Source: Shutterstock

Source: Shutterstock

Let me start by clearing some things up. There is nothing wrong with being unemployed these days. Things happen. Companies downsize and you get laid off, a work mistake leaves you at the unemployment office filing a claim–I get it. But it is another thing to be unemployed and broke, content with your situation, and pursuing a woman. This is where we have a problem.

Let me start from the beginning. I met this guy who I like to call Grown And Sexy. He was well-groomed, had a nice beard, was tall, and built immaculately. We would have some interesting conversations about everything under the sun, from culture to food and even religion. And he talked a lot about settling down and starting a family. We met through a mutual friend, so for a while our only interactions were at social gatherings. My friend would host things at his house, or invite a group of us out to eat, and I would see Mr. Grown And Sexy there. One night we took it a step further and exchanged numbers. We ended up swapping texts often. It was the first time in a while that I had received “Good morning” texts from someone nice.

He would ask me about my day, and I would ask him about his. His response would always be “Chilling.” I didn’t think anything of it. I too “chill” at work, at home or wherever I am. No big deal. But looking back, the fact that chilling was always what he was up to during standard work hours should have raised a red flag or some signal for me. When I asked what he did for a living, he said he was into real estate. Once again, didn’t mean he worked in real estate. Maybe he just liked looking at postings online or in the paper.

When it came time to plan dates, I had high expectations. We had such cultured conversations I believed that he would have creative date ideas too. He didn’t. I would suggest different restaurants, and he wouldn’t give me an answer. He would always suggest going to the liquor store, grabbing a bottle and going back to my place to talk and chill. There goes that word again.

I had to speak up and tell him I didn’t want to drink any hard liquor in my house and just “talk.” I suggested a restaurant, and we went. On the way, I asked him again what his job was, and he finally told me the truth. He was unemployed. All I could say was “Oh.” Then he went on a rant about how he hates sitting in the house all day because he also doesn’t have a vehicle. The car we were in for date night turned out to be a relative’s.

I tried to find ways to be okay with this. He was a great conversationalist. He was into adventure and outdoor activities. He was always down to do fun things, but how if he was unemployed? I decided that maybe he had savings or was collecting unemployment. But that was until we got to the restaurant, ate, ordered drinks, talked for hours, and I ended up paying the entire bill.

I do believe that having little money does force you to make dating ideas a bit more creative, but it can also be extremely limiting. And for a man in his 30s living in what resembled a trap house, conversations about settling down soon and starting a family should have been the least of his concerns. You need financial stability before you seek out anything else. It got me thinking about a lot of men I know, and I wonder, what were they doing in their 20s? I believe that your 20s are a time to find, build and establish a foundation for yourself. Of course, you don’t have to have life all figured out, but at least having a solid understanding makes for a promising 30s.

For me, I knew he wasn’t going to cut it. I caught glimpses into his lifestyle, and there was a reason Grown And Sexy was so different. He wasn’t a preference. Sure, he was nice to look at and talk to, but he lacked direction in his life, and I’m talking about more than money.

If a lack of employment and financial stability doesn’t bother you, there are ways to date on a budget that won’t break either of your pockets. There are free museums, free festivals in your city, as well as outdoor movie nights. But before you can do any of those things, he needs to be upfront about his financial situation. And in all honesty, if it’s a really tough situation, he probably doesn’t need to worry about dating in the first place.

Update: America Wants Harriet Tubman To Grace The $20 Bill

May 12th, 2015 - By Ann Brown
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Update: It was a battle between four extraordinary American women: Harriet Tubman, Eleanor Roosevelt, Rosa Parks and Wilma Mankiller, but there can only be one woman on the $20 bill.  And Harriet Tubman, like the fighter she’s always been, came out on top, according to USA Today. Tubman is America’s No.1 choice to grace the $20 bill.

“Right now, our currency is very male and very white,” USA Today said. And WomenOn20s, the grassroots group that spearheaded the vote, is campaigning to change that. “A woman’s place is on the money,” their mission statement states.

WomenOn20s conducted two rounds of voting. After the first round, there were four finalists: Tubman, of course, along with Roosevelt, Parks, and Mankiller. Tubman basks in victory with 118,328 votes while Roosevelt came in second with 111,227 votes. Tubman not only fits Women on 20s’ description of an “inspiring woman,” but gives the $20 some special significance:

“Tubman was paid $20 per month as a modified widow pension for her service to the Union during the Civil War,” Boston.com said.

Now that we know which revolutionary woman America wants in their wallet, Women on 20s will have to go through the Department of the Treasury to make their plan a reality.

WomenOn20s (and many others) is determined to shove Andrew Jackson, the current star of the $20 bill, out the way. Jackson, a former slave owner and supporter of the 1830 Indian Removal Act, needs to make room for a real pioneer: The “conductor” of the Underground Railroad.

“Our work won’t be done until we’re holding a Harriet $20 bill in our hands in time for the centennial of women’s suffrage in 2020,” Susan Ades Stone, the group’s executive director, said in a statement.

Update by Kimberly Gedeon

———————–

Originally posted April 8, 2015

Last month, a group called WomenOn20s proposed that the face on the $20 bill be changed to a woman. Founder Barbara Ortiz Howard allowed people to send in suggestions, and they received 256,659 in all. And the field of women to replace Andrew Jackson on the $20 has been narrowed down to four.

“From 15 contenders in a “robust” five-week “primary round” that ended Sunday, voters selected Eleanor Roosevelt, Harriet Tubman, Rosa Parks and Wilma Mankiller, the first female chief of the Cherokee Nation, WomenOn20s said. The competition began with 100 candidates, reports USA Today.

While the final ballot is still open, more than half of the Internet voters chose Roosevelt, Tubman and Parks as one of their top three, the group said. The organization added Mankiller to the final ballot “because of strong sentiment” that a Native American should be a candidate to replace Jackson, who was not only a slave owner but enacted Indian Removal Act of 1830, which relocated several tribes and led to the Trail of Tears during which 4,000 Cherokee people died. Mankiller died in 2010. She was the first female chief of the Cherokee people.

WomenOn20s plans to petition the White House to make the change by 2020, the 100th anniversary of the ratification of the 19th Amendment, which gave American women the right to vote. If the petition is successful, it would the first time a woman has been on U.S. paper currency.

What woman would you vote to put on the $20 bill?

Do You Categorize Your Friends By How Much They Make?

May 8th, 2015 - By Tanvier Peart
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You did not misread the title. There are some folks who do this! Now before you come for me in the comments, please know I’m not one of them–though the idea is very interesting to say the least.

Each of us are on our own journey that comes with its own set of struggles and accomplishments. Some will earn more money than others, and some don’t care as much about what their paycheck reads so long as they’re making a difference. A high salary doesn’t equate to being a good person and vice versa.

All of my friends fall in different areas of the socioeconomic spectrum. I’m thankful to know great people who make just enough and some who are top earners. One of the great things about our friendships is how we don’t judge each other by material things. Yet there are people I know who do in many ways and feel justified with their decision.

What do you do if you want to plan a trip or event and know a good friend is unable to cover their own costs?

You might offer to pay for them or leave the option on the table to see if they can come up with the necessary funds on their own. I personally choose the latter option as constantly paying for someone is taxing on my own finances. I also don’t want to get into the habit where an expectation develops for me to constantly do so. Unfortunately I’ve been in this position where a friend or family member got a little too comfortable with my husband and I picking up their tab. It’s not fair in any way.

Whether we’re planning something big or a last-minute gathering, we always try to give the proper heads up so everyone can plan accordingly. Schedules are crazy enough to coordinate as is! It’s always good for anyone–regardless of their finances–to have a little breathing room when the time comes to shell out some coins. Heck, there were situations when we needed extra time to attend a trip with friends who make twice as much as us. They never thought or treated us as “poor folk” and we refuse to do the same to anyone else.

“I just don’t invite people who I know lack the finances to attend,” said one of my friends.

Well that’s putting it bluntly.

I understand their sentiment. There are plenty of people in this world who feel those who make more money should foot the bill, and while that’s not a good mentality to have, neither is categorizing your friends based on their paycheck.

Those who separate their friends by their income rob themselves of a good time. It’s a really superficial idea that focuses more on money than the individual. If this was normal behavior, teachers wouldn’t associate with those in the financial industry, or another field with promises of a big pay day.

Do you think you could ever do something like this? If you could, does it make you feel bad if your friend who wasn’t invited finds out? Sooner or later they’re going to put the missing pieces together and question why you’re friends in the first place.

Shaggin’ For Smackeroos! People Who Have Sex Frequently Earn More Money

April 22nd, 2015 - By Kimberly Gedeon
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A little hanky panky never hurt nobody — especially if it adds a little “cha-ching” to your bank account. According to a new study, people who have sex at least two to three times a week earn about 4.5 percent more than their sex-deprived counterparts, The Indepedent reports.

Dr. Nick Drydakis, the lead investigator of the study, suggests that his conclusions validate Maslow’s Need Hierarchy Theory, which claims that the more self-fulfilled you are, the more likely you will lead a productive, successful life, which translates into higher pay.

“The theory concludes that people need to love and be loved, sexually and non-sexually, by others. In the absence of these elements, people may become susceptible to loneliness, social anxiety and depression – all factors that can affect their working life,” Drydakis said.

Conversely, Drydakis confirms that those with an unfortunate sex life are more likely to have lower wages.

Drydakis found a link between higher salaries and frequent sex, but there’s one question that still lingers: Are people with fat wallets more likely to get more sex or does frequent sex lead to higher work performance and, in turn, better pay? That inquiry remained unanswered. Sure there is a correlation between the two, but which one causes which?

While we don’t know for sure, Bustle seems to connect with the sex-leads-to-higher-income pipeline:

“Most of us…have found that when our interpersonal relationships are fulfilling and satisfying, we have a stronger foundation for other areas of our lives. When I’m having regular sex I am happier and more productive; when I’m not having sex I’m more distracted,” Lea Rose Emery wrote. “It doesn’t surprise me that if I’m having regular sex it’s better for everyone in my life— employers included.”

The study analyzed 7,500 Greek nationals and is poised to be published in the International Journal of Manpower.

What do you think? Does a great sex life lead to  higher income or does a  fat wallet welcome a better sex life?

Which Money Issues Keep Americans Up At Night?

April 22nd, 2015 - By Ann Brown
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There are two financial situations Americans worry about the most, according to Northwestern Mutual’s 2015 Planning and Progress Study, which surveyed more 2,000 Americans in January: financial emergencies and not being about to retire comfortably.

America frets over these two money issues more than anything else–even though one can plan for both. You can create an emergency fund, and you can have a retirement account.

The survey found that of the top five fears, four were about emergencies and retirement, reports Business Insider.

So make a plan.

For emergency funds, consider creating two: one for short-term, another for long-term emergencies.

A short-term emergency fund should only be used when you have an immediate emergency, such as a car breaking down or a washing machine needs fixing.  “It should be in an accessible account, which will probably bear little interest. The most important consideration is accessibility. You’ll want a debit card attached to this account and check-writing privileges as well,” reports Money Crashers.

On the other hand, a long-term emergency fund is for large-scale emergencies, such as unemployment or a major natural disaster.

If you haven’t starting saving for retirement, you are not alone. According to the Department of Labor, less than half of Americans have figured out how much they need to save for retirement. And since the average American spends 20 years in retirement, you should start planning early.

Saving for your retirement is also a matter of planning ahead. The U.S. DOL suggests a few steps:

–Begin saving–now! Set monthly savings goals and stick to them.

–Calculate your retirement needs. “Retirement is expensive. Experts estimate that you will need at least 70 percent of your retirement income – lower earners, 90 percent or more – to maintain your standard of living when you stop working. Take charge of your financial future,” reports the DOL.

–Contribute to your employer’s retirement savings plan. If your company offer’s a plan, such as a 401(k) plan, enroll and contribute all you can. Also find out about your employer’s pension plan to see if you are covered.

— Never touch your retirement savings.

–Save into an Individual Retirement Account (IRA). “You can put up to $5,500 a year into an Individual Retirement Account (IRA); you can contribute even more if you are 50 or older. You can also start with much less. IRAs also provide tax advantages, reports the DOL.

With IRAs, there are two options – a traditional IRA or a Roth IRA. Your taxes on your contributions and withdrawals depend on which you choose, so do your research first.

–Know your Social Security benefits.

Goodbye, Sallie Mae: How To Pay Off Your Student Loan Debt Faster

April 14th, 2015 - By Meg Butler
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Student loans are a pain, but they don’t have to be for long. These tricks to paying off your student loans faster will put you at the top of the debt-repayment class.

Million Dollar Trust Funds: Movie Stars Who Don’t Need The Money

April 7th, 2015 - By Meg Butler
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Image Source: Twitter

Deion Sanders’ son isn’t the only one with a million dollar trust fund. These movie stars started their careers as super rich kids, so they really didn’t need the money.