About the Author
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
Dec 07, 2018
Personal Finance, Retirement, Economics, Financial Scams
Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic)
Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT)
Financial scammers play on your emotions, among...
Nov 30, 2018
Personal Finance, Mortgages, Investing, Mutual Funds, Career, Economics
Kids and Christmas – tis that season once again, and Michelle Singletary shares some advice for keeping the spending under control. (Spoiler Alert: it can get easier if they no longer believe in Santa. (WAPO)
Are you caring for a parent? Michelle Singletary looks at both the personal and financial burden of caring for a loved one. (WAPO)
Millennials' spending habits have had significant impact on the economy. A new Fed study explains why they aren't spending (like...
Nov 23, 2018
Investing, Personal Finance, Parent Conversations, Current Events, Stocks
Hope you all enjoyed Thanksgiving! For those of you NOT involved in Black Friday Shopping, here is some light reading you might enjoy if you aren't up for football!
Tech stocks have taken a big hit in this “market correction.” There are some great graphical representations about tech stock market capitalization here. (WSJ)
Here is the Visual Capitalist Chart of the Week with a different view of FAANG stocks in the bear market.
What are Value Investors now thinking about...
Nov 16, 2018
Personal Finance, Behavioral Finance, Career, Paying for College, Investing
Personal Finance-credit and borrowing
Don’t get carried away with Black Friday shopping and fall for those store credit cards. They are NOT a good deal. (Washington Post)
Will mid-term election results have any impact on student loans? (Forbes)
We are always warning students about borrowing too much for college, but here are two pieces on a paper coming out in the journal Education Next that suggests some borrowing may help some students succeed. (WSJ and NPR)
Computer algorithms are less...
Nov 09, 2018
Personal Finance, Investing, Parent Conversations, Cryptocurrencies
Could developing countries and M-Pesa teach the US how to address the issues of the unbanked and underbanked? (CNN Business)
PBS announces a new series on personal finance called "Talkin' Money Minutes" is looking for a sponsor. They will be 2-3 minutes in length and air between shows. (Business Insider)
Charles Schwab’s daughter discusses the huge financial gender gap that goes way beyond the pay gap, and what can be done to help correct it. (MarketWatch)
Nov 02, 2018
Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well.
The Visual Capitalist depicts the US problem with financial literacy in pictures.
250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...
Oct 26, 2018
Economics, Investing, Credit Scores, Current Events
Have real home prices entered a cyclical downturn? What does that mean? (Bloomberg)
What impact is the limitation on SALT (State and Local Property Tax) deductions having on the housing market, especially in the Northeast? I’ll give you one guess. (Bloomberg)
The New York Times "Upshot" takes a look the mystery of today’s low wage growth in spite of very low unemployment.
NBC News examines whether people are better off economically since 2016.
Unemployment is low, but...
Oct 24, 2018
Credit Scores, Current Events
Within the last twenty-four hours, more and more news outlets and bloggers are talking about the announcement by Fair Isaac Company (FICO) that they have developed a new way to calculate credit scores. Even Good Morning America had a segment on it this morning (video embedded in the link)! The buzz is because this new method of calculating the score may help millions of people obtain credit who, based on the existing methodology, would not be able to get credit, or would certainly have to pay...
Oct 19, 2018
Paying for College, Investing, Economics, Retirement
Paying for College
The majority of this week’s articles happen to be related to paying for college: the cost of college, student loan forgiveness, financial aid and how parents pay for college. I have also included a link to Beth Kobliner’s website and her series on paying for college, which you could recommend to parents.
After reporting that the “sticker price” of college keeps rising, the WSJ explains that the REAL cost is not.
A study by Sallie Mae finds that on...
Oct 12, 2018
Investing, Current Events, Economics, Paying for College, Math
Bringing you lots of relevant articles on investing this week, from current events (stock market drop this week and interest rate increases) to analysis of booms, busts, and advice.
Wednesday’s market drop as explained by the New York Times.
Here is an article from 2016 by Ron Lieber (NYT) that came up in my feed but is timeless advice relating to this week’s market movement.
Neil Irwin explains in his Upshot article (NYT) the upside of rising interest rates.
This one from...
Oct 05, 2018
Personal Finance, Current Events, Financial Literacy, Investing, Identity Theft, Career, Taxes
FinTech: Automating finances tops the popularity ranking of apps, but people still want access to people when it comes to financial planning. (BusinessWire)
Taxes: The IRS’ budget has been cut. That means fewer tax fraud cases and audits. (New York Times)
Careers: Here are fourteen things you should not say during a job interview. (Time Magazine)
Credit: Here is some helpful information on freezing and thawing your credit. (Cleveland.com)
Emergency Savings: Need to...
Sep 28, 2018
Career, Insurance, Paying for College, Personal Finance, Current Events
The New York Times discusses the importance of mentors (especially for women) to your careers and talks about how to find them.
Recode brings us data on the realities of the gig economy – more people working it but their earnings are down from five years ago.
Life insurance companies are offering premium discounts for healthy behavior, applying behavioral finance concepts. (NYT Your Money column)
Recent growth in health club industry has been attributed to the...
Sep 21, 2018
Economics, Personal Finance, Retirement
Ten-Year Anniversary of Lehman failure/Great Recession
Coverage continued through the weekend on this event, so here are just a few more good articles on the subject.
A special section of Sunday’s New York Times was devoted to the ten-year anniversary of the financial crisis. Here is one of the articles on where the next recession may come from.
Along those lines, economics wonks are looking around every corner for the trigger for the next crisis. Business Insider brings you Martin...
Sep 14, 2018
Current Events, Economics, Paying for College, Financial Literacy, Identity Theft, Retirement
Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year.
Ten Year anniversary of Lehman failure
What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons.
The WSJ looks back at how the Great Recession changed our relationship with risk.
This WSJ/The Outlook discusses if the Fed has new...
Sep 07, 2018
Paying for College, Economics, Investing, Credit Scores, Career, Current Events
We will start this week off with an interesting history of the evolution of Labor Day from the New York Times.
This story from MarketWatch discloses new data recently disclosed by the Urban Institute that suggests 40% of Americans struggle to pay for necessities like food and rent.
This article from FORTUNE magazine discusses how socially responsible investing can yield good results and provide adequate diversification.
Amazon joins Apple at the $1 Trillion market...