By Paul O'Donnell, CNBC.com
Despite the economic slowdown, more Americans are saving up for a new car or big vacation than putting money away for their kids' college education, according to a survey released this week by America's financial planners.
. "People today may be more inclined to put their economic security at risk to 'keep up with the Joneses'," the report reads. "The only area where families are more prone to save [than 15 years ago] is toward a major purchase, like a new car, vacation, or home improvement project."
The survey, from the Certified Financial Planners Board of Standards and the Consumer Federation of America, compared attitudes about household finances today with sentiments in 1997, when the United States was enjoying an extended stock-market boom.
Specifically, 60 percent of respondents are saving for a major purchase today, compared with 52 percent in 1997.
[Related link: How to Retire in Costa Rica]
Despite the soaring cost of a college education,
Americans Would Rather Save for Vacation Than Kids' College
By CNBC | Work + Money – Thu, Jul 26, 2012 4:20 PM EDTCareer Advice from Cynthia Rowley, Alexis Bittar, Lori Goldstein, and More
By Elle | Work + Money – Thu, Jul 26, 2012 1:20 PM EDT
Cynthia Rowley, Alexis Bittar, Lori GoldsteinFashion giants shared early career anecdotes and advice with over a hundred scholars at the Fashion Institute of Technology last night, where the YMA Fashion Scholarship Fund (FSF) hosted a panel featuring designers Cynthia Rowley, Alexis Bittar, and Michael Bastian along with stylist Lori Goldstein and Saks Fifth Avenue's and NBC's Fashion Star buyer Terron Schaefer. The event was the last of a career-focused series for recipients of scholarships from YMA FSF, a national non-profit association providing over $800,000 to students studying fashion arts.
READ MORE: America's Most Beautiful PeopleStudents and YMA FSF donors enjoyed cocktails provided by Vikingfjord before proceeding to the informal discussion, moderated by Paper magazine's rambunctious editorial director, Mickey Boardman. Topics ranged from first jobs-Rowley bartended while Bittar dropped out of school to be a street vendor-to unconventional
Read More »from Career Advice from Cynthia Rowley, Alexis Bittar, Lori Goldstein, and MoreHow to Book a Last-Minute Getaway
By Good Housekeeping | Work + Money – Thu, Jul 26, 2012 12:36 PM EDT
Read More »from How to Book a Last-Minute Getaway
Tips for Booking a Last-Minute TripSometimes you just need a vacation -- NOW! Tips and resources for finding a last-second trip:
Think off-season The deepest discounts on travel will be for places that are "off-season"-say, wintertime in Chicago, or late summer in the Caribbean. If a getaway for you isn't about escaping the weather, you'll be rife with options.
Be flexible with your days A weekend trip that leaves Saturday and comes back Monday or Tuesday will be cheaper than one that leaves Friday and comes back Sunday, and a weeklong trip that leaves Wednesday and returns Tuesday will be a lot cheaper than a trip that starts and ends on the weekend.
Related: Travel Sites that Minimize Planning Time
Sign up for e-newsletters that offer great last-minute deals. Travelzoo.com and airfarewatchdog.com (two of my favorite travel sites), as well as all the sites listed below, send out deal-packed e-mails that may set your travel bug buzzing.
To find discounts on...
Flights: Check out your fave airline sites (these usuallyAstrology.Com Daily FinanceScopes -- Friday July 27, 2012
By Astrology.com FinanceScopes | Work + Money – Thu, Jul 26, 2012 12:04 PM EDT
Aries (March 21 - April 19)
What's under the surface has more influence over you than it normally does. If you're lucky, you hit oil! But more than likely your own subliminal baggage comes a-callin'. Don't let it twist your arm into spending more than you should.
Today's Aries Reading: Free Sample Life Path Reading
Taurus (April 20 - May 20)
Someone's idea of 'share' is them doling everything out to you. Shared resources are rightfully yours, too, Taurus. You need to start getting familiar with them, at the very least. You don't need an intimate understanding, but a rudimentary one is a must.
Today's Taurus Reading: Free Sample Harmony Reading
Read More »from Astrology.Com Daily FinanceScopes -- Friday July 27, 2012
Gemini (May 21 - June 21)
You'll have a lot of meaningful and insightful thoughts today but they'll be too scattered to make much use of. They may guide you in the rightIF YOUR DOCTOR .prescribed marijuana,,,GROW YOUR OWN,,BETTER YET MAKE IT LEGAL FOR ANYONE TO GROW,,FOR MEDICINAL PURPOSES,,,JUST AS THE JUSTICE DEPARTMENT LEGALIZED HOME MADE RUBBING ALCOHOL..,,DURING PROBATION
DON'T WORRY,,CONTINUED USE OF MARIJUANA , LOOSES ITS CHARM,,, ,,,,SOME GIVE IT UP,, SOME GO FOR THE HARD STUFF,,
WHEN EVERYONE IS ALLOWED TO GROW THEIR OWN FOR WHAT EVER REASONN HOW CAN THERE BE LARGE SUMS OF MONEY MADE,,, TRYING TO SELL IT,,,,
IT WILL BANKRUPT THE DEALERS,,AND REMOVE THE CRIME ELEMENT..
TRY SELLING CIGARETTES,, TOBACCO,,WINE,WHISKEY,,OR CAFFEINE, FOR A PROFIT,,,By Locke Hughes
Renée Maloney, 43, (left) and Cathy Deano, 58, Mandeville, LA
THEIR BUSINESS
Painting with a Twist, with 62 franchise locations in 15 states
THE CONCEPT
An art class where friends drink a little wine and have a lot of fun while learning to paint
EARNINGS
Over $1 million in 2011
Their Best Business Advice
PUT YOUR IDEA TO THE TEST
After Hurricane Katrina tore through Louisiana in 2005, friends Cathy and Renée felt compelled to help their community recover its spirit. On their morning walks, they'd brainstorm business ventures. "We couldn't agree on an idea until we came up with an art class paired with BYOB wine, which would give people a creative way to burn off stress," recalls Renée, who managed an orthodontic practice at the time. She and Cathy, a caterer, tried out the concept in Cathy's backyard. As an artist friend taught them step by step how to re-create a portrait of a woman, the two followed along and produced
Read More »from Art Class Grows UpAstrology.Com Daily FinanceScopes -- Thursday July 26, 2012
By Astrology.com FinanceScopes | Work + Money – Wed, Jul 25, 2012 2:54 PM EDT
Aries (March 21 - April 19)
You're tempted to be a bit heavy-handed to tackle a problem once and for all. Don't forget that any long, drawn-out battles will have an adverse effect on you as well as your antagonist. You can handle this with charm just as easily, Aries.
Today's Aries Reading: Free Sample Karma Reading
Taurus (April 20 - May 20)
Nature is playing a little song just for you. It's hard to stay focused on something as dull as making money, but you just can't get out of it. After all, money doesn't grow on trees. Stick to the grindstone.
Today's Taurus Reading: Free Sample Karmic Love Reading
Read More »from Astrology.Com Daily FinanceScopes -- Thursday July 26, 2012
Gemini (May 21 - June 21)
You're been spinning like a pinwheel in the wind lately. It's fun to have that kind of creative energy swirling around, but why not put it to good use? If you finish even a fraction of the8 Ways to Get Ahead at WorkEven if you love your job, you'll likely find yourself stuck in a rut at some point in your career. You may have gotten so good at what you do that it has become automatic (and perhaps a bit boring), or maybe you'd like to ask for a raise but don't know how to broach the subject. Whatever your goal, we spoke to career experts to learn what techniques will help you gain momentum at work.
Read:Tips On Turning Your Talent Into A Career
Top 6 Lessons Learned From Bad Bosses
1. Take on diverse assignments.
If it seems like the only thing that ever changes about your job is the day of the week, it's time to ask your boss for "stretch assignments" to enhance your growth, says Jodi Glickman, president of a communication training firm and author of Great on the Job. Offer to help with new projects, even ones that fall outside your department. Or, if you have a particular skill that isn't part of your job description, be on the lookout for opportunities to indulge your
Read More »from 8 Ways to Get Ahead at WorkThe Republican Party's "war on women" is one of the biggest political stories of the year. So are female GOP voters standing by their party? By Shushannah Walshe
Voter RegistrationIs the Republican Party antiwoman? In recent months, (mostly male) Republican pols have pushed for or passed numerous measures making it more difficult to get birth control and abortions. In Congress, Republicans lobbied to create a stricter definition of rape and to weaken the Violence Against Women Act, and opposed a bill addressing gender-based wage discrimination. High-profile Republican men have also made several off-key remarks about women, most notably, Rush Limbaugh's notorious comment that a Georgetown University student was a "slut" and a "prostitute."
Coming into the campaign season, Republicans already had a woman problem: In a 2011 Pew Research survey of registered female voters, 52 percent said they were Democrats and 40 percent said Republican. And as of May, President
Read More »from Is the Republican Party Anti-Woman?Affluent Women Say Rich Don’t Pay 'Fair Share'
By CNBC | Work + Money – Tue, Jul 24, 2012 3:16 PM EDTBy Robert Frank, CNBC.com
Read More »from Affluent Women Say Rich Don’t Pay 'Fair Share'
Wealthy women and wealthy men sometimes have very different perspectives. Surveys of the wealthy usually study them as a single group. But wealthy women and wealthy men sometimes have very different perspectives - especially when it comes to the social impacts of wealth.
A new survey from Spectrem Group finds that 40 percent of affluent women surveyed (those with investible assets of more than $100,000) agreed with the statement that "inequality is a problem and that the wealthy don't pay their fair share."
[Related link: Most Expensive States to Live In]
Only 29 percent of men agreed with the same statement.
The issue generated more predictable responses when viewed by wealth level. A quarter of people with investible assets of $1 million or more thought the wealthy don't pay their fair share. That compares with 37 percent for people with investible assets of between $100,000 and $500,000.
Nearly a third of the millionaires agreed with the statement that inequality is not a problem and that "wealthy Americans pay taxes,
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