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Busting Asset Value Illusions

Submitted by Jim Blankenship on Friday, June 5, 2015 - 12:00pm

When we talk about financial fitness, one of the most important measures is the value of our assets. The problem is that we often have false expectations about some asset types, and we need to break those illusions to focus on our real financial condition.

Budgeting for Vacation

Submitted by Joseph A. Clark on Monday, May 11, 2015 - 3:00pm

Kids start to gaze out classroom windows, the grass turns green again and the temperature slowly rises. If you and your family are like most, you now plan summer vacations. Beware of daydreams of fun in the sun: If you aren’t careful, vacation expenses can put a large dent in your wallet and potentially wreck your full year’s budget.

Oil Prices: Forget a Rebound

Submitted by Nicholas Atkeson and Andrew Houghton on Wednesday, March 25, 2015 - 9:00am

With the price of oil slashed in half since last summer, we keep hearing predictions that a reversal is waiting in the wings. Forget it. The showing of another energy product, natural gas, shows us why: Ever-improving technology keeps prices low, amid more efficient and cheaper production methods.

Bad Winter and the GDP

Submitted by Ray Ferrara on Monday, March 23, 2015 - 9:00am

Don't be surprised with a weak gross domestic product number out of the first quarter given the very harsh winter in some places around the country. And that may give the Federal Reserve pause from hiking interest rates. But this winter quarter shouldn’t be as nasty as last 2014’s first period.

Spending on Happiness

Submitted by Rick Kahler on Tuesday, March 24, 2015 - 3:00pm

Giving money to people you love probably makes you happy. Spending money on others also probably makes you happier than spending it on yourself, just as spending money on experiences makes you happier than spending money on things. So does that mean you should max out your credit card to take your entire family on a cruise? Not exactly.