But just what does it mean to be more excited about what you spend at least 8 hours a day doing! If you're not, it may not be your fault. Just as a lack of financial education, which isn't your fault, can lead to poor spending habits, a lack of concern on the part of your employer to get you engaged at work is also not your fault. This can lead to poor morale and poor performance.
The Health Care Reform Act enacted in 2010 requires health insurers to allow adult children to remain on their parents' plan until age 26. It's estimated that due to that stipulation, over two million young adults have been added to insurers' plans since the law was enacted.
CategoriesCareer & Economy
The Education Department recently reported an increase in defaults within the first two years of repayment in the fall of 2009 of 7% to almost 9% for the two years ended in the fall of 2010.
No one truly knows what the full impact of the downgrade will mean; we are in unprecedented territory. The stock market is plummeting as I write this. For sure, it will mean an increase in interest rates on debt issued by the US, which in turn, means an increase in interest rates for the rest of us.
Although there's still a lot of uncertainty in the housing market, the drop in home prices has made home ownership very alluring. However, you may think you don't qualify for a mortgage. It might not be as bad as you think.
Conventional wisdom is you're better paying off your own mortgage than someone else's, which is what you're doing when you're renting. However, as we've seen in the last couple of years, the housing bubble burst and perhaps this isn't true anymore as we've witnessed house prices plummeting in certain areas of the country.
The latest numbers from the government indicate the median length of unemployment is 5 1/2 months. Going without a paycheck for this amount of time can do considerable damage to your financial well-being. If you had an emergency fund, it is depleted, if not completely gone; otherwise, the only way to cover your shortfall is to either increase your credit card balances substantially, or cash in your investments, or both.