Tag Archives: money

Weekly Economic Update | LAEDC

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Weekly Business Update | LAEDC

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10 Things I Wish I Knew About Money At 18 | AskMen

Newly Minted MoneyI’ve been there. Four different credit card bills came in the mail each month: Visa, American Express, Best Buy (because they gave me a 10% discount when I bought 3 CDs), and Sears. Their balances only added up to a couple of thousand dollars each, and making the minimum payment wasn’t so bad. Then the transmission blew in my car and I had no emergency fund to pay for it.

So I put that on the credit card. I was lazy so I would routinely pay late and then get dinged with a $35 late fee. Then the card companies would jack up my interest rate. Somewhere the invisible elves that kept track of my credit score were shaking the heads and “tsk-tsk-ing” as my chances of ever getting a mortgage in the future were plummeting. Soon I was paying more each month on interest, late fees, annual charges, and ATM cash advance fees than I was for my rent.

So just like the former high-school quarterback who looks down and notices that his belly fat is obscuring the nether half of his torso, I knew it was time to do something. It was time to get back in shape.

“If only I knew then,” I sometimes think. If only I knew the following 10 things about money when I was 18, I could have avoided that whole mess.

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Weekly Economic Update | LADEC

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THIS WEEK’S HEADLINES:

Can Thinking About Time Make You A Better Person? | Fast Company

clockImagine: Briefcases full of cash. Scrooge McDuck diving into his swimming pool vault of gold coins. Winning $100 at a blackjack table. Feeling a little dishonest yet?

Just thinking about getting our grubby little hands on some cold hard cash can make us more likely to cheat, according to a new study in Psychological Science. Oddly enough, thinking about time seems to make people more honest.

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Weekly Economic Update | LAEDC

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THIS WEEK’S HEADLINES:

Weekly Economic Update | LAEDC

laedcTHIS WEEK’S HEADLINES: