Budgeting is a simple concept, but a lot of Americans don't do it--a whopping two thirds of us, according to a Gallup poll.
We won't be surprised if you haven't heard these stories in the media, but they're important because they impact our young, thin wallets.
Banking on winning the lottery is a pretty common theme in the U.S. A 2006 survey by the Consumer Federation of America found that 21% of Americans thought instantaneous fortune was their most practical way of accumulating several hundred thousand dollars. However, we found some numbers that reveal how betting on hitting the jackpot might not have the best payout.
A torrent of inventions that supposedly meet our needs--for a price, of course--meet "needs" that don't exist at all.
You're in love! Finally, you've updated your profile to "In a Relationship." No more attending your friend's wedding solo or showing up to Grandma's birthday as the "single one." The benefits of having that special someone are countless, and one of those benefits should be financial stability. Whether you have a steady live-in partner, a fiancé, or a spouse, your finances should be a topic of daily conversations--not daily arguments.
Whether you live together or like to frequently eat together at home, your partner’s eating habits will have an impact on your weekly grocery bill. From following specialty and health-related diets to having preferences for healthy or ready-made foods, eating habits abound, and with grocery bills consistently on the rise these days, they can become a financial burden if you’re not careful.
What happens when you've found someone you really like, but you're more than a quick commute apart? Dating someone long-distance can be not only frustrating for your relationship, but frustrating financially. In these circumstances, it's important that you budget well and plan ahead. Start with these tips on what to budget for and how to save money with your honey.
America wastes a lot of food every year--133 billion pounds in 2010, to be exact, according to the U.S. Department of Agriculture (USDA). It's a ridiculous amount, but between my own wasteful food habits and my years in the food service industry, I'm not surprised. If other Americans are even remotely like me, no wonder that waste pile is so high (sorry, Earth).
There are a lot of reasons we buy what we buy at the grocery store, from lifestyles to economic factors. But something else is at play: a few wily supermarket tricks.
Food in America is big business, and since we all have to eat, it sits right in the "needs" column of every budget. Understanding the economics of food and how it affects our daily lives can help us regain control of our choices.