Author: personal-finance

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How Financial Assets and Consumer Debt Influence Marital Conflict

 

Dew, J. (2007) Two sides of the same coin? The differing roles of assets and consumer debt in marriage. Journal of Family and Economic Issues, 28(1), 89-104.

Brief Description: This study assessed how financial assets (e.g., savings, investments, etc.) and consumer debt (e.g., credit card debt) influence the frequency of marital conflict. Assets indirectly decrease marital conflict by decreasing feelings of financial pressure. Although consumer debt adds to feelings of financial pressure, it also directly relates to increased frequency …

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Monthly Investment Message: March 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

Tips for Beginning Investors

Every year, some people start to invest for the very first time.  Many investment “newbies” are young adults who have recently landed their first full-time job and enrolled in a tax-deferred 401(k) or 403(b) employer retirement savings plan. Others are older adults who have accumulated (or inherited) a lump sum of money. Below are eight tips for successful investing:

 

  • Develop an “Investor’s Mindset”- When

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Join Us on April 29th for a Live Twitter Chat!

Cooperative Extension Money Smart Week Event 2016

Cooperative Extension is celebrating Money Smart Week with a live Twitter chat and Google Hangout. Join the conversation at 1:00 p.m. EDT on Friday, April 29th, using Twitter and hashtag #MSWchat. You can also view our panelists live on our Google Hangout (link provided below).

Cooperative Extension is a long-standing national Money Smart Week partner and participates in MSW events in communities across the U.S. More information about the MSW/USDA partnership can be found here: http://www.moneysmartweekpartners.org/usda
 
Panelists for the #MSWchat …

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Monthly Investment Message: July 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

July 2016

Challenge Yourself to Save and Invest

What’s the best way to “find” money to save or invest? There is no one right answer. Automatic payroll deductions work well for many people, For example, they have deposits into a credit union account or 401(k) or 403(b) retirement savings plan automatically taken out of their paycheck, before they spend it. Other people do well saving loose change in …

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Monthly Investment Message: September 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

October 2016

Seven Side Effects of Saving and Investing

 

An important result of saving and investing is having a sum of money available to use for emergencies or to fund future financial goals such as a vacation, new car, or retirement. With savings also comes peace of mind in knowing that you’re not on the “financial edge” with little or no money in reseve to handle negative life …

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Monthly Investment Message: October 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

October 2016

Seven Side Effects of Saving and Investing

 

An important result of saving and investing is having a sum of money available to use for emergencies or to fund future financial goals such as a vacation, new car, or retirement. With savings also comes peace of mind in knowing that you’re not on the “financial edge” with little or no money in reseve to handle negative life …

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Monthly Investment Message: November 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

November 2016

Diversification and Dollar-Cost Averaging: The Basics

Two time-tested investment strategies are diversification and dollar-cost averaging. Diversification means spreading your money among different types of investments (e.g., stocks, bonds, and cash equivalent assets such as CDs and money market funds) to reduce the risk of loss from a decline in any one investment. 

 

There are a number of ways to diversify investments. Below are six frequently used …

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Monthly Investment Message: December 2016

Barbara O’Neill, Extension Specialist in Financial Resource Management

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

December 2016

Building Wealth: Strategies That Work

Most investors want to grow wealthy over time and have a comfortable lifestyle in later life. Investing can help get them there. Most people do not become wealthy from their earnings alone but, rather, by investing a portion of their income and letting it grow for several decades.

 

The goal of investing is to set aside money today with the goal …

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Consumers’ Accuracy in Estimating their Credit Ratings

Perry, V. G. (2008), Is Ignorance Bliss? Consumer Accuracy in Judgments about Credit Ratings, The Journal of Consumer Affairs, 42(2), Summer, 189-205.

Brief Description: This study examines the accuracy of consumers’ self-assessments of their credit ratings. Findings suggest that approximately 32 percent of consumers overestimate their credit ratings while only 4 percent underestimate them. Those who overestimate their credit ratings are less knowledgeable about financial matters, are more likely to have acquired their financial knowledge from difficult past experiences, …

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Credit Card Ownership by High School Seniors

Scott, R. H., Jr. (2010). Credit Card Ownership Among American High School Seniors: 1997-2008. Journal of Family and Economic Issues, 31, 151-160.

Brief Description: High school is when many students get their first credit cards. Jump$tart for Financial Literacy has tested the personal financial knowledge of high school students from across the U.S. since 1997. Using data from the Jump$tart surveys, this study compared the characteristics of various groups of high school students with and without credit cards. Students with …

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