It took me a dreadfully long time to understand this important truth: Money is not for spending. It is for managing first, and then for spending. It takes courage to believe it, but when you do, it will profoundly change the way you think about and manage your money. Imagine this: It’s Friday, a day…

Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval.  “I think it’s going to get worse for banks—more regulations, more rules,…

Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval.  “I think it’s going to get worse for banks—more regulations, more rules,…

JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval.  “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…

The Bank of Canada (BoC) has announced that it is exploring the possibility of issuing a Central Bank Digital Currency (CBDC), and is seeking consultation from the public on its design. “As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy. That means being ready for whatever…

GENEVA—Swiss banking giant UBS said Tuesday that it took in $28 billion in new money from wealthy clients in the first three months of the year, with $7 billion of that coming in the 10 days after the announcement it was taking over ailing rival Credit Suisse. Zurich-based UBS, which is set to become Switzerland’s…

PHILADELPHIA—Philadelphia Eagles quarterback Jalen Hurts is wealthier after getting his new contract. However, his mentality has not changed. Wearing a green suit and matching tie, Hurts spoke on Monday for the first time since agreeing with the Eagles last week on a five-year, $255 million deal. The contract guarantees Hurts $179.3 million. “ Money is…

Money is the most difficult subject to discuss between two people in love. Why? Several reasons: It’s personal. We’re taught as children to never ask how much people earn, what things cost or how much money people have. It’s rude; it’s poor manners; and it is just not done. We spend the first two decades…

I took over weekly grocery shopping duties to give my lovely wife a break after more than 40 years. I continue to be astonished at the prices of ordinary food staples like bacon, eggs, bread, and milk. Do you suffer from the same sticker shock? Do you have dusty cartons of egg money hidden in…

Dear Dave, I’m thinking more seriously about buying a home in the next year or so. It seems like the housing market has cooled off a bit, so I am also planning to get a secured credit card to help me rebuild my credit score in the meantime. I make $60,000 a year, and I…