Tag: money management

Years of prosperity swallowed up in a few months of recession—that's how you could sum up the global economic crisis that began in 2007. At its core, the worst recession since the interwar period turned out to be a mirror into which none of us want to look.

Do you remember the man who was supposed to marry Rose in Titanic? He dressed exceptionally well, had slick brown hair and was from a family of great wealth. His character was based on the life of a man named Caledon Hockey. He survived the shipwreck but not the Wall Street Crash. When the stock market fell in 1929, Cal’s money and everyone else’s plummeted in value to the point that people were bringing horse carriages of cash into town only to afford a loaf of bread.

Talking about finances as a couple is not always comfortable; money has often been the cause of marital conflict. Aligning your financial goals and philosophy can be a difficult process that begins with answering a simple question: joint or separate accounts?

Money is essential in our Western world. It allows us to purchase the necessities of life—food and shelter, for instance. It pays the bills for heating and cooling. There may even be enough for some luxuries.

Big chain stores know them and use them to make a profit. What is more, they are willing to pay a lot of money for studies on how to improve them. We're talking about the secrets of optimal product placement.

The love of money may be the root of all evil, but the need for money cannot be subjected to a harsh moral judgment.