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Money Matters

Money Matters

goodncrazy, Flickr
goodncrazy, Flickr
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What to Teach Your Kids About Money, and When You Should Do It — Dollars and Sense

A solid education is important for kids. But while you’re busy making sure their reading and math skills are up to par, don’t forget to teach them about money, too — it could keep them from falling into bad habits later on.

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Insulinde, Flickr
Insulinde, Flickr
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Iowa Lottery Winner Finally Materializes to Claim $16.5 Million After Year-Long Delay

On Monday, the deadline passed for an unknown $77 million lottery winner in Georgia to claim the prize. Unbelievable as that may have been, officials in Iowa had a similar situation — days before the deadline, a Hot Lotto ticket worth $16.5 million was still unaccounted for.

But no more. In a squeaker of epic proportions, an attorney for the unnamed winner stepped forward with the valuable little slip of paper on Thursday, just two hours before it would’ve been worthless.

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Category: Money Matters Tags:
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Is Money Really the Most Important Part of a Job?

The second annual Simply Hired Job Seeker Survey reveals that when it comes to our jobs, some things truly are more important than money.

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Category: Career, Money Matters
rwp-roger, Flickr
rwp-roger, Flickr
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What Will It Take to Get Holiday Shoppers to Buy More? Discounts? Maybe

Since a new survey shows more than a third of Americans have already finished their holiday buying, analysts say retailers need to cut prices to the bone if they want people to keep shopping.

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goodwill
WQAD.COM
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Man Donates Suit To Goodwill And Loses Life Savings[VIDEO]

An elderly 80-year-old Illinois man decided to be generous this holiday season and donate some clothes to the local Goodwill in Moline, Illinois which include a suit coat the only problem is the elderly man doesn't trust banks, had kept his life savings of $13,000 sewn inside the lining of one of his suits. He is currently appealing for the money's return so that he can care for his wife, who has Stage 4 cancer. If ever there was a need for a holiday miracle this would be it. Hopefully the money will be returned

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David Silverman, Getty Images
David Silverman, Getty Images
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Is Your State Paying the Most for Electricity?

Turning up the dial on your thermostat in the fall and winter months is bound to add major coin to your electric bill, so you power through. Unless you live in Utah, and then you really have nothing to worry about, according to new data released this week.

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iboy, Flickr
iboy, Flickr
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New Retirement Age May Have Americans Working Until They Drop

In yet another bit of cheerful economic news, a quarter of the 1,500 people who filled out Wells Fargo’s latest retirement survey said they don’t plan to retire until they’re 80 years old — two years past the life expectancy of the average American.

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Category: Health, Money Matters Tags:
Paramount Pictures / The Pollen, Flickr / Twisted Pictures
Paramount Pictures / The Pollen, Flickr / Twisted Pictures
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Can ‘Paranormal Activity’ and ‘Saw’ Mess With Your Finances?

While watching horror movies might seem like harmless fun, it could end up costing you more than the price of a ticket or a rental, say researchers.

A study to come out of the University of California, Berkeley found that scary movies can affect our financial decisions. Participants were split into two groups, one given horror films to watch and the other historical documentaries. Afterward, both groups participated in stock market simulations.

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Adam Rountree, Getty Images
Adam Rountree, Getty Images
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Wall Street Bonuses Slated to Decline in 2011

In news that will likely make all those Occupy Wall Street protestors cheer, New York compensation consulting firm Johnson Associates projects the average Wall Street bonus will decline by 20 percent to 30 percent this year.

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Category: Money Matters Tags:
myfuturedotcom, Flickr
myfuturedotcom, Flickr
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Survey Shows 650,000 Bank Customers Switched to Credit Unions

While Bank of America and other major banks have now scrapped a widely-derided plan to charge customers a monthly fee for using their debit cards, a new survey shows at least 650,000 people closed their accounts with those banks in the past month and fled to more consumer-friendly credit unions.

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Davis Turner, Getty Images
Davis Turner, Getty Images
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Bank of America Will Not Charge Monthly Fee for Debit Card Usage

In September, Bank of America announced it would soon begin charging customers a $5 monthly fee for using their debit cards, saying it was recouping losses from new laws that limited how much it could charge merchants when debit cards were swiped during transactions.

But after a firestorm of negative publicity, BofA waved the white flag of surrender and scrapped the controversial plan.

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Category: Business, Money Matters Tags:
Joe Raedle, Getty Images
Joe Raedle, Getty Images
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Which US States Have the Most Millionaires?

While many in the US are feeling the pinch of the recession, others are enjoying unprecedented boom times.

So says Phoenix Marketing International, which just released its annual roundup of the states with the most millionaires and found that for the second year in a row, the overall number of millionaire households in the US actually went up.

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Category: Economy, Money Matters Tags:

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