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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: personal finance

personal finance stories: 20 news summaries

(Newser) - Many banks are now developing iPhone applications to let you manage your accounts, but several free apps can help you keep your finances straight. The Wall Street Journal looks at some of the best.
  • Mint—links all of your accounts, from checking and savings to loans and investments, into
... More »

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personal finance iPhone budgeting iPhone applications checking account Jay-ZTV

 Summer Camp 
 on the Rocks in 
 Tough Economy 

Tradition shaken as families' plans up in the air

(Newser) - As recession hits parents’ wallets, it’s forcing many to debate whether they can afford to send kids to summer camp, the Wall Street Journal reports. Camps are expecting more financial-aid requests, while parents look to day camps and cheaper nonprofit alternatives. “A number of camps say families are... More »

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personal finance recession economy financial crisis summer camp

OPINION

Money Guru: None of Us Really Knows What to Do

Pundits should hedge their bets and speak with caution

(Newser) - Financial pundits don’t know everything, and don't trust those who act like they do, Joel Lovell writes in the Washington Post. The GQ money expert acknowledges anxiety over dispensing information that may not be true at all. “It makes me feel like a bit of a fraud,”... More »

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personal finance CNBC Jim Cramer pundits economy Suze Orman financial crisis financial adviser

Octuplets Will Likely Cost Taxpayers Millions

Broke family already
racking up $10K a day

(Newser) - Nadya Suleman says she plans to raise her 14 kids without relying on welfare but the reality is that the bill to taxpayers will likely run into the millions, the Los Angeles Times reports. Suleman has no job, no income, owes $50,000 in student loans, and her octuplets have... More »

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California personal finance student loans mothers baby welfare multiple births octuplets Nadya Suleman

 Mom: I'll Raise 14 Kids 
 on Student Loans 

Octuplets' mother has 'an alternative way'

(Newser) - Octuplet mom Nadya Suleman has no income “at the moment” and will "temporarily" use student loans to raise her children, she said on the Today show. “I am providing for my children,” Suleman said. “I have my own way. It’s an alternative way, but... More »

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personal finance student loans baby multiple births Today show octuplets Nadya Suleman

Publishers Rush to Meet Need for Financial Advice

Bevy of new books strikes more somber, conservative tone

(Newser) - Book publishers and sellers are rushing to meet demand for personal-finance titles as the unrelenting economic crisis combines with New Year’s resolutions to prompt consumers to seek professional advice, the Wall Street Journal reports. However, the thrown-together texts might not prove very helpful: Many authors fail to provide specifics... More »

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personal finance financial planning investment book self-help economic adviser financial crisis 401(k) plans

OPINION


 Quinn: Don't Wait 
 to Go Bankrupt 

It's an embarrassment, but it offers a 'fresh start'

(Newser) - Your new year should be a “fresh start”—and if that means filing for bankruptcy, so be it, writes Jane Bryant Quinn in Newsweek. “If you're reaching the end of your rope, don't try to hold on. Save what you can,” Quinn says. Many families try... More »

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personal finance bankruptcy foreclosure asset management financial crisis

OPINION

 US Schools Need Finance 101 

Kids should learn basics to help avert crises

(Newser) - There are complex reasons behind the financial crisis, but one is key: When it comes to money, we’re idiots, Peter Applebome writes in the New York Times. “Insofar as there is a lesson in history,” says an analyst, “it’s that human beings are not very... More »

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education personal finance economy bubble financial crisis

ANALYSIS

 'Everyday' Palins 
 Worth About $1.2M 

2007 income tops $250K; salaries, fishing rights, handful of properties add up

(Newser) - Financial reports show that, while they’re no John and Cindy McCain, the Palin family is much more well-off than the average American, the AP reports, worth about $1.2 million. The Alaska governor and her husband together appear to have made more than $250,000 last year, from her... More »

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Alaska personal finance fishing Election 2008 property values Sarah Palin Wasilla Todd Palin

McMahon
Sues Billionaire, Hospital Over Broken Neck

He blames unsafe stairs, shoddy care

(Newser) - Venerable TV sidekick and debtor Ed McMahon is suing two parties he says have contributed to his financial crisis, People reports. First, McMahon’s suit alleges that “unsafe entry stairs” at a billionaire investor’s home caused him to fall and break his neck; the second party is... More »

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personal finance lawsuit Cedars Sinai Hospital Ed McMahon broken bone Robert Day

Maxed-Out Debtors Find Credit Crutch

Support groups doing brisk business as Americans see red

(Newser) - With the economy sagging and 11.8 million credit-card accounts delinquent, support groups are popping up in churches, colleges, and coffee shops to help people curtail their spending and share red-ink horror stories, the Wall Street Journal reports. "It used to be that you had to live in shame... More »

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personal finance debt credit card consumer debt

Quick-Fix Cash Schemes Find More Takers

Reverse mortgages, insurance buyouts   among risky moves

(Newser) - Big banks aren’t the only ones struggling to find the cash to keep going. Americans are feeling the pinch, and grabbing cash anywhere they can find it, the Wall Street Journal reports. Credit-card debts remains high, but more are turning to options that bring a quick infusion of cash... More »

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personal finance debt 401k consumer debt life insurance cash flow reverse mortgage

Under 35's Break Salary Talk Taboo 

Gab helps them navigate workplace
and plan nights out

(Newser) - Unlike mom and dad, young Americans are likely to gab about salary with friends, the New York Times reports. To older generations, "it’s very hush-hush," one 22-year-old said. "You don’t talk about money, politics, or religion with friends. But in this generation, it’s... More »

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social networking personal finance work money salary

 7 Ways to
 Raise Your
 Credit Score 

Simple tips to boost that murky rating

(Newser) - Credit scores are key if you're getting a new cell phone, new home, new car—even a new job. The Today Show offers 7 simple steps to give your score a boost:
  1. Fix errors on your reports: A mistake on one report can sink a score.
  2. Be timely:
... More »

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personal finance list credit card credit credit card loans credit score

 Ditch the Assistant, 
 Organize Online 

Newest sites provide collaborative, mobile organizers

(Newser) - Paper is so last century. PC World has tracked down websites—like one that puts phone dictations on Google Calendar—that best support your OCD ... or totally forgetful ... nature:
  1. Remember the Milk is one intense task manager: It even lets others—say, your boss—add items to your "
... More »

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personal finance list online web services Amazon.com Remember the Milk Backpack

 Clintons Made $109M Since 2000 

7 years of returns show Bill was bigger earner; couple paid $33M in taxes

(Newser) - Of the $109 million the Clintons pulled in the past seven years, Bill pulled in the lion’s share: That’s the news in tax files released today, Ben Smith reports on Politico. The long-awaited documents reveal that, with Bill bringing in $80 million from books and speeches, the couple... More »

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Barack Obama Hillary Clinton John McCain personal finance Bill Clinton tax returns Election 2008

Advice Amid Market Turmoil:
Don't Panic!

Ride out the storm
and hang on to your 401k, experts say

(Newser) - If you’re watching today’s economic news with trepidation, financial experts want you to take a deep breath. “This is not the beginning of the end,” said one analyst. “If you’re going to invest in stocks, this kind of volatility comes with the territory.”... More »

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stock market personal finance recession retirement fund 401k

Don't Break Your Bank Account, Too

Divorce is never easy, but you don't
have to go broke in the process

(Newser) - Don't let emotional pain cloud your judgment on financial matters—you may both end up the poorer for it. Here are five divorce pitfalls to avoid, from USA Today:
  1. Clinging to the house if you can't afford the upkeep.
  2. Not making a clean break on joint accounts.
... More »

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personal finance divorce marriage list money finance relationship

10 Taxes That Sneak Up on You

Sometimes the government can get downright clever when it comes to taking your hard-earned money.

(Newser) - You don't have to be a fool to part with your money.  Forbes gives you the 10 hidden taxes that cost you the most.
  1. Gasoline tax
  2. Cigarette tax
  3. Sugar "tax"
More »

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personal finance taxes list money income

Consumer Financial
Savvy Peaks at 53

Data shows the age of 53 is sweet spot for financial savvy

(Newser) - Middle aged consumers make better decisions—and fewer mistakes—than their younger and older counterparts.  A study of  thousands of credit card and home and car loan documents shows that they are the most  likely to get the lowest interest rate available  and the least likely to pay unnecessary... More »

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personal finance baby boomer consumer capital experience credit card interest rate

20 Stories