Hard Truth and Money Fatigue?

Periodically I have to remind myself that speaking or hearing “hard truth” about the world of personal finance can wear on you.  Sometimes a reader does it for me by unsubscribing to my blog.  (I receive a notice when an email subscription is cancelled.)  I guess you could say that is the “hard truth” about always trying to speak the hard truth.

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A Financial Advice Stimulus Plan?

Mr. ToughMoneyLove is surprised to report that the New York Times thinks like me, only three months delayed.  Yesterday, the Times published an opinion piece by a Yale economics professor proposing that the federal government launch a financial advice stimulus plan.  

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Whom Shall We Trust to Teach Our Children about Personal Finance?

The philosopher Plato believed that two of the most important questions that a society needed to address were: (1) what will society teach its children and (2) who will do the teaching.  Plato had some rather radical ideas about the answers to those questions, including yanking kids out of the home so that the elite (e.g., other philosophers) could do the educating.  Plato did not think that your average parental unit could be trusted with that job.  (If you’ve never heard of Plato, you need to question your own education.) Read more

Personal Finance Education: What’s Wrong with this Picture?

My local paper ran a lifestyle piece yesterday titled “Use Santa to Teach Lesson on Money.”   The writer of the article quoted Susan Beacham, the founder of MoneySavvyGeneration.com.   I had never heard of this web-based organization, but being a big proponent of personal finance education, I thought I would take a look to see what it was all about.  I didn’t like what I found. Read more

The Most Important Economic Initiative for the Middle Class? Personal Finance Education

This is the Mr. ToughMoneyLove contribution to the synchroblog project in which nine personal finance bloggers are simultaneously answering this question:  What is the most important initiative that the next administration should undertake to improve the economic health of the U.S. middle class? Read more