Monthly Archives: August 2011

Personal Finance in the News: Health Care Law Being Challenged

Since President Obama signed into law the Affordable Care Act in March 2010, this act has stirred up a good deal of debate.  For example, in January 2011, almost immediately after the Republicans took control of the House of Representatives, … Continue reading

Posted in Ch. 9, Life and Health Insurance, Teaching Tips | Tagged , ,

Teaching Tip: The New Health Care Law

If you’re using the 5th edition of Personal Finance, Turning Money into Wealth, there has been a significant change in the law since the book was published – the passage of the Affordable Care Act.  One easy way to bring … Continue reading

Posted in Ch. 9, Life and Health Insurance, Teaching Tips | Tagged , ,

Mortgage Rates Drop and Refinancing Jumps

As the stock market bounced up and down, the rates on new home mortgages fell.  According to Federal Home Loan Mortgage Corporation, also known as Freddie Mac, last week 15-year fixed rate mortgages (15-yr FRM) fell to 3.50%, which is … Continue reading

Posted in Ch. 8, Home and Auto, Personal Finance In The News | Tagged , , ,

How Long Do You Think You’ll Work?

In the SmartMoney.com blog, Encore, there is an August 10th, 2011 article about retirement by Alicia Munnell, the director of the Center for Retirement Research at Boston College.  The article titled “8 Reasons Older People Are Working Longer” examines the … Continue reading

Posted in Ch.16, Retirement Planning, Personal Finance In The News | Tagged ,

An Unplanned Expense of $1,000 Would Be Tough for Most Americans to Handle

What would happen to you if you needed to come up with $1,000 for an emergency?  If you’re like most Americans, you’d be in trouble.  This is a question that CNN.Money looks at in an August 10th article titled “Most … Continue reading

Posted in Ch. 2, Measuring Financial Health and Making a Plan, Ch. 5, Cash Management | Tagged ,

Jean Chatzky on Surviving the Downturn

Jean Chatzky, one of the best personal finance writers around, just wrote her first column for Newsweek.  This column is titled “How to Protect your Portfolio from Politics” and also appears with a slightly different title, “Jean Chatzky: Surviving the … Continue reading

Posted in Ch. 2, Measuring Financial Health and Making a Plan, Ch. 5, Cash Management, Ch.11, Investment Basics, Personal Finance In The News | Tagged , , , ,

Avoiding Credit Card Late Fees

At some point in your life you’re probably going to be hit with a credit card late fee – things just seem to happen.  Fortunately, as you learn in Ch. 6, the new credit card rules that went into effect … Continue reading

Posted in Ch. 6, Credit Cards, Personal Finance In The News | Tagged , ,