What Happens to Your Credit When You Get Married? ( Admin posted on November 22nd, 2014 )






What happens...

How Credit Cards Can Make Your Household Budget Work Better ( Admin posted on November 22nd, 2014 )

My wife and I found that the envelope system worked — as long as I remembered to bring her the receipts after making a purchase. But I cant even remember to use a coupon I have in my pocket at the cash register most days, let alone track receipts. So the envelope method of budgeting just didnt work for us. Thats why we switched to budgeting with Americas favorite financial invention — the credit card.

The Many Advantages of Budgeting With Credit Cards

You might not realize all the perks that come with credit card budgeting. Using a credit card for all our purchases gives us a real-time accounting of our spending. We can see exactly what were spending and where its going....

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Categories: Family Budgeting

Paul Ryan flubs family budgeting 101 ( Admin posted on November 22nd, 2014 )

House Budget Committee Chairman Paul Ryan (R-Wis.) turned to Twitter on Friday in the hopes of generating some support for his far-right budget plan. In the process, he pushed a very familiar line:

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Categories: Family Budgeting

On tying the knot and managing money ( Admin posted on November 22nd, 2014 )

DEAR HARRY: My boyfriend and I intend to get married in the spring. In the course of our planning, we have never been able to spend any time discussing how our money will be handled. We often start, and then we get off-subject into whether to live with my parents until we get solidly on our feet. We finally agreed to go to a professional money manager for advice. What a mistake! He only seemed to want to manage whatever we could save, not to direct us on getting started. Can you help us, Harry?

WHAT HARRY SAYS: Let me try. Dont live with parents unless you are starting out in debt. Even two loving individuals have difficulty in the personal relationships among them. Even an efficiency...

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Categories: Family Budgeting

Fed Officials Say They Are Watching Overseas Risks ( Admin posted on November 21st, 2014 )

Fed Governor Jerome Powell didnt directly address the outlook for monetary policy, saying simply “the path of policy will depend on progress of the economy toward fulfillment of the dual mandate” of stable prices and full employment. He also said monetary policy appears to have provided significant support to economic growth.

The focus of his remarks, which were made during a Fed conference on international economics and finance, was the potential for excessive risk-taking in financial markets due to low interest rates globally. He said Fed research suggests US investors in foreign bond investors dont appear to be taking undue risks.

“Taken together, developments...

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Categories: Economics

Piketty Didn’t Change Economics When He Argued For Income Resdistribution ( Admin posted on November 21st, 2014 )

Mark Thoma has a generally very good potted history of economics over in the Fiscal Times. And I know that writers aren’t generally responsible for their headlines but that’s the part that I’m going to argue with. For, obviously, it’s going to be the part that people take away as being the most important point being made. While I might quibble with some of the details the piece in general is a slightly partisan but still very clear discussion of the basics of the subject over the past couple of hundred years. If only all textbooks were quite as clear. However, this just isn’t true:

When Piketty Argued for Income Redistribution, He Changed...

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Categories: Economics

Realities of Real Estate: The importance of first-time home buyers ( Admin posted on November 21st, 2014 )

Although the housing market continues to recover, theres one important segment of the market that is lagging behind: the important first-time home buyers. Commonly known as Gen Next, Gen Y and the Millennials, this group makes up that part of the population that was born after 1980.

At first blush, many would think that people in their prime earning years drive the housing market and account for the majority of home sales. But its actually the younger ones, those just starting out who, through new household formations, purchase most of the homes sold each year.

A recent study by the National Association of Realtors showed that more home buyers under the age of 33 bought more...

Economics students and faculty present research at statewide conference ( Admin posted on November 21st, 2014 )

A group of UW-Superior Economics students and faculty presented a session on undergraduate research at the Wisconsin Economic Association Annual Meeting in Stevens Point, WI on November 14-15, 2014.

WEA is a professional regional conference that features faculty research, as well as graduate and undergraduate student research sessions. This year, UW-Superior presented a session titled Undergraduate Research in Economics at UW-Superior, which was in part funded by the Economics Program grant from the URSCA Center and included the following presentations:

  •   Integration of URSCA in Economics General Education courses, by Zamira Simkins, Rubana Mahjabeen and Sakib Mahmud
  •  ...

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Categories: Economics

A Closer Look At First-Time Home Buyers: Trends And Prospects ( Admin posted on November 21st, 2014 )

Summary

  • The share of first-time home buyers in the US as declined to near 30-year lows.
  • A review of trends and a closer look at demographic data suggest this decline may be the result of catch-up by repeat buyers.
  • In the context of a strengthening economy, a normalization of the first-time vs repeat buyer share should provide a fresh boost to the housing market.

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Categories: First Time Home Buyers

Rockford home prices rise for fourth straight month, reach five-year October high ( Admin posted on November 20th, 2014 )

Online Staff Report

As a sign of continued vigorous growth in the local housing market, the three-month rolling average home price increased 7.5 percent in October over last October, marking the fourth straight month of year-over-year increases. The average home sold in the Rock River Valley also reached its highest October average in five years.

The three-month rolling average price for homes sold in Winnebago, Boone and Ogle counties in October was $112,507, 7.5 percent above the average price of $104,660 in October last year. This was the highest October rolling average price since $119,968 in 2010. The year started out with six straight months of year-over-year decreases,...

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Categories: First Time Home Buyers

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