Category: personal finance

A Yale Professor Takes a Look at Popular Financial Tips

Personal finance is a popular topic, as managing, investing, and budgeting money is an imperative part of life. However, just how you should do that depends entirely on who you ask. And there is certainly no shortage of experts, talking heads, and influencers ready to give their opinion. There is a large rift between financial advice given…


What If Your Productivity Tools Are Making You Less Productive?

The earliest known form of the to-do list was recorded in 1791 by Benjamin Franklin. Lists are still popular, but digital productivity tools are becoming increasingly important. In addition to Google Calendar, you might use Slack, Zoom, Trello, Asana, or Jira as part of your task-management system. Moreover, many productivity tools provide features for monitoring behaviors and collecting metrics to improve performance, including:…


Annuities: Types and Examples

Whether you know it or not, you’ve at least heard the word “annuity” thrown around. Unconvinced? You’ve probably encountered annuities in the following instances: Defined benefit pensions. Defined benefit pensions guarantee specific benefits upon retirement. Employers can administer pensions in the form of a lump sum or lifetime annuity. Due to the fact that these are deposits to banks, the…


Try a National Park for an Affordable Family Getaway

By Emma Patch From Kiplinger’s Personal Finance Want a vacation for the whole family that doesn’t bust your budget? Consider a trip to a national park. National parks stretch from Denali National Park in Alaska to the Everglades in Florida, and from Acadia in Maine to Haleakala in Hawaii. Nearly every national park, nearly every day,…


Inflation Hits Middle-Income Americans the Hardest, Says Congressional Budget Office

Middle-class Americans were the hardest hit group by skyrocketing inflation in 2022, Congressional Budget Office (CBO) says. Inflation has cut into the finances of the middle class more than that of low- and high-income households, according to a CBO report from Sept. 22. Annual U.S. inflation rates have hovered in around the low- to mid-8 percent…


6 New Rules for Smarter European Travel

Tourism rebounded this summer in Europe—and Europe wasn’t ready. Pandemic-related staff shortages led to massive lines and flight cancelations at many airports; meanwhile, prices for hotels and taxis soared. Then there were the record-breaking temperatures that caused roads, airport runways and railroad tracks to buckle, leading to further disruptions. Our family of three visited Europe…


Add This Asset to Your Portfolio

Having an asset within your portfolio that yields passive income while also providing a hedge against inflation is an attractive dual feature for many investors. A commercial real estate investment fund (CRE) can be an excellent addition to one’s portfolio. The benefits of a CRE include portfolio diversification, liquidity, and the fact that investors will…


Closing Prices for Crude Oil, Gold and Other Commodities (Sept. 23)

Benchmark U.S. crude oil for November delivery fell $4.75 to $78.74 a barrel Friday. Brent crude for November delivery fell $4.31 to $86.15 a barrel. Wholesale gasoline for October delivery fell 14 cents to $2.38 a gallon. October heating oil fell 17 cents to $3.24 a gallon. October natural gas fell 26 cents to $6.83…


How Major US Stock Indexes Fared Friday Sept. 23, 2022

Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates. The Dow Jones Industrial Average closed at its lowest point of the year Friday. The S&P 500 fell 1.7 percent, close to its 2022 low. Energy…


Australia One of the World’s Richest Countries, Global Wealth Report Shows

Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.33 percent of the global population, ranked fourth in the world for the number of millionaires as…