Category Millennials

What is the Consumer Financial Protection Bureau? (and why you should care)

I first heard about this U.S. government agency in 2011. I haven’t been following the CFPB very closely over the last two years. So I did some research this weekend to update myself on its work. Here’s some background: The Consumer Financial Protection Bureau (CFPB) was set up to regulate financial products and services in the […]

Financial Planning for Millennials

*Note: This is NOT a sponsored post (emphasis on the not). You can read the bolded lines and the five point summary at the end if you want to save time. Last week I read this article in the New York Times about a company called Learnvest. Learnvest used to just post articles about personal finance — […]

Student loan forgiveness through public service

*Note: The loan forgiveness programs I’ll discuss here are available in the U.S. I don’t know what’s happening in other countries — but I would love to learn. I have some international readers, so if you know of loan forgiveness programs available in your country (or know why your country doesn’t have the same student […]

Retirement: How much do you need to save?

Based on a report by the Employee Benefit Research Institute, over half of 259 American retirees surveyed have $25K or less saved for retirement. The chart below shows the amount of savings that workers think they need for retirement, their “retirement number.” A thousand workers age 25 and over were surveyed. Their answers varied between […]

Millennials and Money: Why it’s difficult for us to build a financial foundation

The draft title of this post was “It’s not your fault, really: why it’s harder than ever to get control of your finances.” It would still make a good subtitle. I recently read the book Generation Debt: Why Now is a Terrible Time to Be Young by Anya Kamenetz (2006). The author discussed the ways government policies […]

Why and how I started learning about personal finance

I grew up in a family didn’t talk about money. But I still saw how stressful life could be if you don’t have enough of it. As a teenager, I watched my oldest sister borrow money from my middle sister (I have two older sisters and am the youngest in my family). When I was […]