Back To School: Allowances
The kids are heading back to school, which is a perfect opportunity to introduce the concept of allowances. Here are the basics: [video=462056]
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Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners.
Schlesinger covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
The kids are heading back to school, which is a perfect opportunity to introduce the concept of allowances. Here are the basics: [video=462056]
The August jobs report is out and it was better than expected. The US lost 54,000 non-farm payroll jobs, though the losses were due to 114,000 laid off census workers. The private sector created 67,000 jobs and the unemployment rate inched up to 9.6 percent from 9.5 percent. This is how bad t...
Gas prices are the lowest of the entire summer--$2.68 a gallon, according to the U.S. Energy Department. That's good news and just in time for the busy Labor Day travel weekend. I discussed the recent price drop with CBS3 this morning. [video=462541] One final point I didn't get to mention on ...
Your erstwhile Editor-at-large was roaming the streets of New York, when she happened upon this lovely couple from CA. They are among the 11 million households with negative equity in their homes. Unfortunately, they didn't qualify for mortgage modification, so I explained strategic foreclosure as a...
Late on Friday, after Federal Reserve Chairman Ben Bernanke delivered a speech in Jackson Hole, WY, my friend "T" called me and said: "I guess I should have learned about the Federal Reserve, but I was an English major, so can you tell what the Fed is supposed to do and what the heck Bernanke said t...
Legendary investor Warren Buffett turns eighty today. It's been an interesting year for the Oracle of Omaha: he was criticized for defense of Goldman Sachs and the ratings agencies, but lauded for his philanthropic efforts and investment performance. I have always admired Buffett, but never as ...
The fabulous Molly Wood asked me to join the CBS News web show "Eye On Parenting" to discuss allowances. Here's the segment:
The government revised Q2 economic growth DOWN to and annualized rate of 1.6% from 2.4% and that's good news? Yes friends, that's the world in which we live--when a nasty number is seen as a positive. It's not that investors have suddenly donned their 2007 rose-colored glasses, but many were ...
The Labor Department released this sobering report on worker displacement from 2007-2009. Displaced workers are defined as persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift wa...
My mother-in-law is obsessed with bed bugs. While she's never encountered one, the idea of the critters makes her nuts and so she reports in with the location and magnitude of every outbreak across the country. Despite my initial repulsion with the topic, it did help me discover an apt analog...
Today is Women's Equality Day, which commemorates the 1920 passage of the 19th Amendment to the Constitution, granting women the right to vote. You can thank hat-wearing icon Rep. Bella Abzug (D-NY) for nudging Congress to make it official in 1971. While there have certainly been gains on many...
According to a recent CBS News poll, Americans feel rotten about the economy and haven't felt this pessimistic since April of 2009. Let me put that in context: in April of 2009, the stock market was over 50 percent lower than where it is today; the US economy was shrinking, not growing; and job loss...
There's no way to make this sound better: July existing home sales STILL stink. A week ago, I said that housing stinks and today's report from the National Association of Realtors underscores that declaration. Existing home sales collapsed 27.2 percent to 3.83 million from a downwardly revised 5....
Yen Tumbles as Investors Brace for Real Estate Data
Adam Levin from Credit.com joined us to explain the new credit card rules, the merits of debit vs. credit cards and for good measure, he warned about scary new online security threats. [video=459096]