The Best 10 Items to Borrow | Wise Bread
When my husband and I wanted to work on our small condo with limited storage space, we were delighted to find out that there was a tool lending library nearby, so we didn’t have to buy everything we needed for the job. Wikipedia has a list of tool lending libraries all over the U.S.
Do you have a tool lending library near you?
Sixty-one percent of paid interns working at for-profit companies received a job offer; only 38 percent of unpaid interns working at for-profit companies did. And paid interns netted higher starting salaries.
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| — | That’s Jean Chatzky, writing in Newsweek, on why students shouldn’t take unpaid internships. (via newsweek) |
How Student Loans Impact Your Credit | Mint.com
Q) Can paying off student loans early hurt your credit score due to the length of the loan?
A) No, this is a common credit scoring myth. Paying off your loans early doesn’t have any impact on the age or “length” of the loan. A loan opened 3 years ago is still 3 years ago regardless of whether or not it’s paid off, paid off early, or still unpaid.
More common questions answered in the full post.
“A man is usually more careful of his money than he is of his principles.”
-Ralph Waldo Emerson
Don’t be that guy.
Fending off self-inflicted inflation
Lifestyle inflation happens when your standards rise, and so does your spending.
This isn’t a bad thing if your income is rising, too, and you’ve allocated money to meet your needs. But maybe you just need a reality check.
To hedge against overspending, calculate phantom costs into what you buy. When you splurge on that $300 cashmere sweater, factor in a higher dry cleaning bill, too.
When life throws you a luxury, don’t get used to it. It’s easy to get used to the good life with all of Groupon’s half-off massages. But make sure you can distinguish between the occasional treat and everyday expectations.
Maybe you’ve been unemployed and just landed a job. You probably have some pent-up demand and are ready to spend. It’s OK to indulge in small ways as long as you’re back on stable financial footing.
Oh, and spend less time on Facebook. It’s easy to lust over other people’s lives filled with new cars and exotic vacations. But they’re probably not posting pictures of their sky-high credit card bills, too.
Mr. Boudreaux, a fee-only certified financial planner at Upperline Financial Planning, is one of a growing group of financial advisers who are embracing all kinds of social media to develop closer relationships with clients and gain exposure to potential clients, particularly younger investors.
“I’ve met people through Twitter I wouldn’t have met otherwise,” says Mr. Boudreaux. “Ultimately I’ll get into people’s consciousness, and when they’re looking for a planner, I’ll be the one they think of.”
For Financial Advisers, the More Friends the Better - WSJ.com
Would you hire an advisor you met on Twitter? Why or why not?
