October 23, 2013

The Financial Fallout of Caring for Aging Parents

It’s one of the harsh realities of aging: at some point, our parents will reach the age when they need help with basic tasks, from meal preparation to bathing. Millions of Americans people take on care of elderly parents themselves rather than hiring outside help or sending aging parents to a nursing home. According to […]

Gender Wage Gap
August 7, 2013

How Women Can Earn More Despite the Widening Wage Gap

Earlier this month we talked about new “breadwinner moms” – a group made up of one part well-off, married mothers and one part single moms hovering just slightly over the poverty threshold. But how are women in general fairing in terms of wages as compared to their male counterparts? Let’s take a look at the […]

Middle Income Student Loans
July 10, 2013

Students from Middle Income Families Rack Up More Education Debt

Given the high cost of tuition, room and board, it’s not easy for families to pull together the funds to send their kids away to college, no matter how much money they make. But it would be easy to assume that this cost is toughest for low-income families, right? Not exactly. According to a study […]

George Washington Budget
July 3, 2013

George Washington Meticulously Tracked His Expenses, and You Can Too

Centuries-old expense reports tell us that George Washington was extremely meticulous about his expenses. While he refused a salary for his position as Commander-in-Chief of the Continental Army, he did accept reimbursement for his expenses. This image from the Library of Congress shows our first president’s handwritten records down to every last cent. We can […]

Online Banks
June 26, 2013

What’s the Deal with Online-Only Bank Accounts?

From keeping in touch with friends to purchasing groceries, the Internet is changing the way we complete day-to-day tasks. But will online tools eventually replace the traditional bank branch? A 2012 study from Javelin Strategy shows that of those who are banked, about 11% say they would like to switch financial institutions at some point […]

Debit Card Protection
June 24, 2013

5 Tips for Protecting Your Prepaid Debit Card

Prepaid debit cards are becoming more and more popular in the U.S. for the banked and unbanked alike. While these cards offer many conveniences from a budgeting and purchasing standpoint, security remains a major concern. We talked with two card security experts to collect advice on how to use prepaid debit cards as safely as […]

Prepaid Debit Cards
June 17, 2013

A Guide to Prepaid Debit Card Fees

One of the major perks of a checking account is the convenience and protection of a debit card. But with an estimated 17 million Americans lacking access to a bank account of any kind, this is a convenience that not everyone can enjoy. Prepaid debit cards are one alternative, but like many financial services, they […]

Online Shopping without Bank Account
June 14, 2013

5 Ways to Make Online Purchases Without a Debit or Credit Card

Online shopping has grown increasingly popular in the past several years, and for good reason. Retailers often offer a larger selection online than in stores, not to mention the added convenience of home delivery. But until recently, that convenience has been largely out of reach for many of the unbanked or underbanked, who often lack […]

Middle Age Student Debt
May 31, 2013

Student Loan Delinquency Highest Among 40 Year-Olds

We typically think of student loan debt as an issue that plagues 20- and 30-year-olds. But a report from the Federal Reserve Bank of New York reveals that it is actually 40-somethings that have the highest student loan delinquency rate of any age group. According to the report, one third of the U.S.’s $900 billion […]

Financial Aid
May 8, 2013

Navigating the Confusion of Your Child’s Financial Aid Award Letters

Can you think of a piece of mail more exciting than a college acceptance letter? It’s a celebrated step toward a student’s a post-secondary education, and (hopefully) a great job. But tucked away next to that congratulatory message is something a bit less clear: the financial-aid award letter. Regardless of the institution it comes from, […]