Another thought: Financial Aid
In this video, CNBC and Newsweek talk about tips for paying for college in the recession.
Colleges have taken a 23 percent hit in endowments, meaning the cutbacks are transferred on to students.But with smart borrowing and scholarship sleuthing, it’s still possible to defray some of the costs.
Watch David Noonan share some tips about smart borrowing [...]
Over?
This week, Newsweek’s cover-story by Daniel Gross proclaimed: “The Recession is Over!” But just because we’re likely finished crashing backward doesn’t mean we’re moving forward.
Grossman writes:
…When economists proclaim a recession over, they’re celebrating a technicality: they mean economic output has stopped contracting. And while that is good news, you might wait a while before adding [...]
Hankincents chat
My friend Rob Story and I live in opposite-land. He’s tall and I’m short. He took serious classes for an engineering degree, while I… took wine tasting and played newspaper.
Consequently, he graduated with a master’s degree from Virginia Tech, got a job and moved to D.C. with his girlfriend Sheri. I, on the other hand, [...]
Selling out
Hard up for cash while you’re waiting for that Google AdSence check to come? No luck getting into a medical study for topical ringworm medication?
There might be more alternatives than you think.
Wisebread has a list of Six Weird Things People Sell for Cash and weird is right.
Unfortunately, the scarcity principle comes into play here [...]
Never eat singing fruit
If you find grocery shopping tedious with a car and a job, I challenge you to try it with a hand cart and student loan money guilt. By the time you throw in tax, the challenges of eating healthy and half a dozen wrinkled coupons, my bi-weekly shopping trip becomes an all-afternoon affair.
Plus, I’m trying [...]
The Mancession
Last quarter, during a stock market game for class, my team put our imaginary money on men. Fratty college men, to be precise. We divvied up our pretend $10,000 between beer and fast-food companies, video game stocks and trendy True Religion jeans. We thought men would keep spending, oblivious to the hard times. And we [...]
Basket Full of Goodies
The Consumer Price Index for June was released today, telling us that some things we bought last month were more expensive than they used to be. I blogged about what the numbers mean for us in Chicago today on Medill Money Mavens.
The CPI considers the average price for a basket of goods and services bought [...]
Visualize this
The Credit Crisis Visualized by Jonathan Jarvis is a little old, but it’s one of cleverest and most easy to understand explanations of the financial crisis I’ve seen. Take a peek at part deux as well! Linked from YouTube.
Going dutch
The unemployment statistics released by the Bureau of Labor Statistics at the end of last week are pretty grim. For June, unemployment reached 9.5 percent nationally, up from 9.4 percent in May. The last time we’ve seen unemployment this high was in the early 1980s.
There’s no consensus on what this means for recovery, but most [...]
Mission Statement
Think of this blog as a desert fork for understanding the economy. It’s a simple tool for a demographic that wants easy-to-swallow money advice that goes beyond the main course. By using a three-tined approach to dole out news, personal finance advice and real-life spending scenarios for people taking their first foray into the [...]
