Politics aside, the healthcare costs in the US are criminally expensive, dissuading many to seek the care they desperately need.
In 2009, then-professor Elizabeth Warren co-authored a paper about the cause of bankruptcies. Medical debt was high on the list, and many people, including the now-senator, have used that to claim that the number one cause of all personal bankruptcies was medical debt.
Below is a response I wrote on Medium, talking about America’s overall response to climate change.
If anyone pays attention to environmental news, the key word went from “sustainability” to prevent climate change to “resiliency” to protect from its effects.
Now we’re using “adaptability” and “accommodation” since we’re finally realizing that a) we’re way past the point of no return and b) the effects of climate change will be bigger than any response or preparation we can muster.
It’s a political bait and switch, using semantics to try and keep ahead of the public’s realization that they were duped for…
If you’ve been following any economic news lately, you will have hear about the so-called labor shortage being faced by America’s companies the past few months.
Story after story shows owner after owner bemoaning the lack of workers available for their open positions.
What’s funny is that they should have seen this coming for months, as labor issues were set to persist for much longer than anything related to the pandemic.
What many companies are starting to realize is that the shortage is not in labor, but rather jobs with good pay and decent benefits.
The labor shortage is not…
One of the most vital pieces of your personal finance journey is establishing an emergency fund.
We touched on this subject briefly when discussing savings accounts, but there is much more to discuss than simply, “save $1,000.” There are three basic questions to answer when setting up your emergency fund, and we’ll go through each one in detail.
The title is pretty self explanatory, but here’s a formal definition. …
Story after story has been published about potential home buyers, most often first timers, being out vastly outbid in less time than it took to even submit an offer.
The demand for homes is damn near insatiable, but why is that? Home builders constructed 1.3 million housing units in 2020, which sounds like it should meet the demand, right?
Let’s take a look at the…
A couple of years ago, I wrote an article wholeheartedly in support of renting instead of buying a house. I had felt that way for quite some time and planned to continue renting for the foreseeable future.
At the end of the article, I spell out six distinct milestones that you should meet before buying a house. I only met two of them, stability and maintenance costs, before buying my current house just 18 months after writing that article.
So what happened?
In a word: COVID.
To be more precise, the titanic political, economic, and public health and shifts we…
How many times have you heard the following advice?
All of these are protective in nature; failed attempts to hoard the money you have.
And all of them will make you poor.
You need to go on offense, find the big wins, and fight against the powers that be who are conspiring to take your…
This week saw a wide range of articles here at Money. Daily. We added a new entry to our Climate Finance series, with an older story about the updated IPCC assessment getting some great feedback weeks after initial publication.
I just bought a house in May, so I’m at the very beginning of a 30 year repayment plan. While I know that paying extra on my mortgage payment will save me time and money, I didn’t fully realize a) how big the impact was and b) just how little money is necessary.
Fortunately, Daemon Littlefield wrote a great article showing…
When you think of budgets, you probably think of some soul-sucking, life-draining exercise of tracking your spending history down to the penny, then seeing if anything is left.
That’s what it used to be.
That’s the way I did it for years in my Excel sheet.
But that’s not what a budget is.
A budget is actually forward looking, with you assigning a “job” to every dollar you have. You are telling your money where to go, rather than having it dictate what you can or can’t spend.
Flooding from across the world has shocked news audiences in both its severity and speed. From Germany to China, intense rain has destroyed homes, business, even entire towns, with most everything destroyed in its path.
Since you are reading this article as part of the Climate Finance series at Money. Daily. you can already surmise that climate change has a big part to play in the recent flooding.
A German climate scientist who grew up in the the hardest hit areas had this…