Month: May 2014

Bad Credit, Bad Choices—Assumptions to Avoid

We’ve talked about the many reasons to stay mum on personal finance. Talking specifics with family and friends can be awkward, especially if one is seemingly better off than others. While this polite silence is usually a good thing, it also leaves a vacuum of questions, doubts and assumptions about the successful ways of friends and acquaintances. The absence of answers can make us feel insecure and even weak, leading to jealousy and poor financial decisions. Learn from the assumptions and rationales listed below. They will help you overcome the green-eyed monster and see things clearly.

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Credit Card vs. Charge Card: What’s the Difference?

“Credit” and “charge” are interchangeable terms in the world of credit, or are they? I’ll confess, I didn’t truly understand the difference until recently. On a quest to find a credit card with airline perks, I stumbled onto the American Express Platinum card. A line within the terms and conditions read:

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Consumer-Crazy: Three Reasons to Avoid New Technology

Technology exists in a dynamic and fast-paced marketplace. Everyone wants the latest smartphone, laptop, tablet and television. The last two decades have seen some drastic changes, especially in light of a recent video  illustrating a group of kids’ troubles with a Walkman.

While there’s no reason to revert back to the 80’s, there is something to be said for avoiding the rapid and expensive wave of new technology. The promise of new features and advanced design may be tempting, but so is the alternative. Consider the following points before abandoning your current gadgets. Delaying your personal tech-evolution can help you:

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Blue Collar Guilt? Five Things to Do Yourself

Success is always good, right? Perhaps. The personal and financial achievements of a job well done can be gratifying, but it can also be confusing. A book titled Limbo explores this subject by delving into “…an overlooked cultural phenomenon: the internal conflict within individuals raised in blue-collar homes, now living white-collar lives. These people often find that the values of the working class are not sufficient guidance to navigate the white-collar world, where unspoken rules reflect primarily upper-class values. Torn between the world they were raised in and the life they aspire to, they hover between worlds, not quite accepted in either. Himself the son of a Brooklyn bricklayer, Lubrano informs his account with personal experience and interviews with other professionals living in limbo. For millions of Americans, these stories will serve as familiar reminders of the struggles of achieving the American Dream.”

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