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Tag Archives: money

Why schools should teach financial literacy

Kelly Dilworth

Learning about personal finance may be the most important subject you didn’t study in high school. That’s not just me speaking from personal experience. That’s the finding of a recent survey by the National Financial Educators Council, which asked more…
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Those on a tight budget choose material goods over experiences

Kelly Dilworth

Researchers have been saying for years that if you want to extract more happiness from your purchases, you’re better off buying experiences that you’ll savor — such as dinner at a favorite restaurant or a memorable family vacation. Yet according to a new study in the Journal of Consumer Research, people living on a budget are more likely to take the opposite approach and buy material possessions they mistakenly assume will have a more lasting impact.
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The right age for a piggy bank

Kelly Dilworth

Toy stores are full of specially designed piggy banks promising to teach kids how to save. According to a new study published in the Journal of Consumer Affairs, however, parents may want to hold off on purchasing a brand-new piggy bank — or opening a savings account in their child’s name — until their kids are old enough to benefit.
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Teach kids about money by sharing your bills

Kelly Dilworth

A family in Lexington, Massachusetts has come up with an unusual game for teaching their 11-year-old son about money: Every month, they hand over a wad of receipts and the family’s monthly credit card statements and ask him to look for unusual charges.
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Money can’t buy happiness, but it can reduce sadness

Kelly Dilworth

Having more money in the bank won’t make you feel happier on a day-to-day basis, according to a new study. But it might make you less unhappy — especially if you have enough cash stashed away to feel like you have some control over your circumstances.
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