personal finance

A battle is brewing over payday lending in Ohio. There are more than 650 storefronts in the state but the industry argues that a new bill threatens to shut them all down. However, consumer advocates say payday lending has been skirting around state law for years to prey on desperate borrowers. 

your money or your life vicki robin
Amazon

"Your Money or Your Life," by Vicki Robin and Joe Dominguez, was originally published in 1992. Since then, the book has sold more than one million copies and a newly revised fourth edition recently was released as an e-book.

The book takes a "whole systems" approach, integrating your relationship with money – earning, spending and saving – to your overall life values. And this revised edition reflects the dramatic changes that have occurred in the financial landscape since the original was published more than 25 years ago. 

Wikimedia

With the Fourth of July coming up next week, we take a look at the world of finance through the eyes of our country’s founders – a “Founding Fathers Finance Party,” so to speak.

Wikimedia Commons

 

From balancing your checkbook or monitoring your credit score to finding a new job or adjusting your investment allocation, there are several steps you can take now that will help improve your financial situation over the next year and years to come.

pixabay.com

With hosting parties, visiting family and preparing holiday meals, December can be a busy month. Probably the last thing you want to think about this time of year is your finances. But with the December 31st deadline looming for certain financial activities, tax and financial experts say the time you spend now will reap benefits in the New Year and beyond.

commons.wikimedia.org

At least 14 states have banned high-interest payday lending, but providing these short-term, high-interest loans is still a multi-billion dollar industry in the United States. 

pixabay.com

April is National Financial Literacy Month, sometimes referred to as National Financial Capability Month. Social service agencies, financial institutions and educational groups use the month to raise public awareness about the importance of financial literacy and the need for financial education, for both adults and children.

Provided

Jeannine Glista is co-creator of Biz Kid$, a national financial educational initiative based on the Emmy Award-winning TV series of the same name. She and co-authors James McKenna and Matt Fontaine recently published a guide about money for kids, How To Turn $100 Into $1,000,000: Earn! Invest! Save!.

Provided

When it comes to retirement, the picture for many Americans is a bleak one. In today's do-it-yourself world of the 401k plan, most have less than $30,000 saved. A third have nothing at all.

www.gpk.com.au

Are you confident you will have enough money saved to live comfortably throughout your retirement years? Recent surveys show most American workers would answer “no.” More disheartening, most workers have no real idea of how much money they would need by the time they retire.

pixabay.com

Many investors received an unpleasant surprise when they read their January IRA or 401k account statements. The month was one of the worst starts to a new year in recent history for the stock market, with the Dow Jones Industrial Average losing 5.5 percent and the NASDAQ suffering an almost 8 percent drop.

Penguin Random House

Personal finance is something that leaves a lot of us scratching our heads as we ponder questions like how to save, what to invest, and how to do all this while reducing debt. University of Chicago professor Dr. Harold Pollack and his co-author, financial journalist Helaine Olen, say it really isn't as difficult as some would have you believe. 

marquetteeducator.wordpress.com

January is a good time to think about your financial goals for the year, come up with targets, and a plan to meet them. Whether you hope to reduce your credit card debt, increase your retirement savings, or put away enough money for the family vacation, your chances of success will improve dramatically if you think about and write down your goals now.

citizenpoweralliance.com

As you enjoy the holidays, it’'s a good idea to remember to set aside some time to review your finances and see what options you have before January 1 to reduce your taxes.

flickr.com

Where you live can have a dramatic impact on how far your money will go and what type of lifestyle you lead. According to one online cost-of-living calculator, someone earning an annual salary of $50,000 in Cincinnati would need to make $80,000 to maintain the same standard of living in Boston. But just $47,000 in Cookeville, Tennessee.

Current U.S. economic statistics seem to point to an improving economy: unemployment is down and home prices are up. Yet many Americans scratch their heads, wondering why their financial situation is not getting any better. Marketplace has partnered with Edison Research to examine this disconnect between the official numbers and how people really feel  about their economic prospects. Marketplace's Washington Bureau Chief Dave Shaw spoke with Mark Heyne about this latest poll’'s findings.

If you have paid, or are paying, into the Social Security System, you have several things to consider and decisions to make before you turn 62, the earliest age you can begin collecting retirement benefits.

Financial Opportunity Centers are one-stop neighborhood-based centers designed to help working families and individuals achieve financial stability and economic self-sufficiency. The centers provide a full range of services and support, from financial coaching, credit counseling and tax preparation, to employment assistance and enrollment in public benefit programs.

Wall Street still seems to be bullish on the markets, but historically the summer months have not been kind to stocks. The Dow Jones industrial average posted slight losses in June and August, and slight gains in July, on average over the last 20 years. Many analysts are at odds over what this summer will bring for the markets.

  As the stock markets continue their wild swings, some financial experts are calling the volatility we’'ve experienced during the last several months the “new norm” for 2015, which is not welcome news to the average investor. Joining us to look at the current markets and discuss smart ways to invest your money for the long haul are Crit Thomas, senior investment strategist with Touchstone Funds; and, local financial advisor Chris DeSimio.

Over the last week the stock market has been a rollercoaster ride, with the Dow Jones Average gaining or dropping hundreds of points from one session to the next. Joining us to look at the recent market volatility and discuss ways to invest your money for growth are Michael Schroer, managing partner and chief investment officer with Renaissance Investment Management; and local financial advisor Chris DeSimio.

Along with losing weight and leading a healthier lifestyle, one of the top resolutions people make each year is to start managing their money better. And just like losing weight, many people find that resolution hard to keep. But there are methods and resources available to anyone who really wants to learn how to track their finances and manage their investments. Joining us to discuss the outlook for the markets in 2015, and provide suggestions and information that will help you get better control of your finances this year, are Bahl & Gaynor Investment Counsel Vice President and portfolio manager Jim Russell; Dale Coates, vice president and institutional portfolio manager  with Johnson Investment Counsel; and financial advisor Chris DeSimio.

  Several studies have shown that money is one of the main reasons couples argue: how much should be put away in savings, keeping joint or separate bank and credit card accounts, what do you mean you bought a bass boat?

  Do you need a financial planner or advisor? The answer is a resounding maybe. Everyone's situation is different, but there are stages in life when it could be beneficial to have a professional help you with your finances. Then you have to do your homework, learn how planners make their money, how they are regulated, and what all those letters after their names -CPA, CFP, CLU, or CFA - mean.