On Tuesday, people all over America threw a massive party for Mardis Gras. Even at my office, people brought in king cake, jambalaya and colorful beads. It’s the all-out celebration that happens before Lent begins the next day, which involves choosing something to sacrifice or abstain from for the next 40 days until Easter arrives. I have one friend who is giving up smoking. Another friend is quitting Diet Coke. In the past, I’ve had friends give up chocolate, television, alcohol and other habits that weren’t bringing much to the table.
I’ve also heard of people using Lent as a time to give up accumulating debt with credit cards, unnecessary spending or expensive habits like eating out. If you’re sacrificing spending for Lent or just want to have better money habits, read on for my favorite personal finance blog posts from the past week.
I turned 27 on Saturday, and something about it felt really different from all of my other birthdays. I know, I know — 27 isn’t old at all in the grand scheme of things. And for the most part, I truly do have my act together. It just feels like a big leap from 26. I do feel very proud of where I am financially for my age. I have many other peers who are also on point with me, but I am shocked how many people I see my age or older who seem to lack personal finance know-how. They need to start reading my weekly blog posts!
If you are looking to whip your finances into gear, read on for my roundup of my favorite personal finance blog posts from the past week.
Welcome to CreditCards.com’s newest blogger, Ann Brenoff, who will be keeping a close eye on the financial slips and falls of some of the most wealthy citizens in the United States — our beloved celebrities.
This week, Ann dishes on the money woes of “Desperate Housewife” Eva Longoria and “Batman Forever” star Val Kilmer.
The biggest news to take place last week (and the past few months) is the passage of the health care reform law. Once everything is finalized and in place, the controversial law should ensure coverage for more Americans, lower premiums and lessen discrimination for gender and preexisting conditions.
The price tag for the bill is a whopping $940 billion, according to the Congressional Budget Office, and while some of the changes will save money and pay for themselves in the long run, the government has to find other creative ways to finance the expanded health care coverage.
One such method is adding a 10 percent tax for visits to tanning salons, according to CNN. In the next 10 years, it is estimated that this “sin tax” will raise a cool $2.7 billion.
Some tanning salon owners are shouting that it’s not fair and that consumers will no longer want to visit their business, but people who fry in tanning beds are more likely to suffer from cancer, which means more health care expenses when they’re older.
It makes sense to me! If you are trying to keep your costs down (and health up), you might want to stay away from tanning salons.
Who wants to look like those “Jersey Shore” kids, anyway? </p.