All posts in "Personal Finance"
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Definition of Herbert A. Simon

By Mark Holland / a few months ago

Who was Herbert A. Simon? Herbert A. Simon (1916–2001) was an American economist and political scientist who won the Nobel Prize in Economic Sciences in 1978 for his contributions to modern business economics and management research. It is widely associated with the theory of bounded rationality, which states that individuals do not make perfectly rational […]

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Definition of statement filling

By Mark Holland / a few months ago

What is a statement filler? A statement filler is a type of sales brochure commonly used in direct marketing campaigns. Specifically, you are associated with financial service providers, such as banks and brokerage firms, who often include these announcements along with their monthly statements and other correspondence. The purpose of statement fillers is to “sell” […]

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Can We Retire in 6 Months With $190K of Student Loans?

By Mark Holland / a few months ago

Dear Penny, I am in big trouble. My husband and I have a combined student loan debt of $190,000 and we were planning to retire in six months. My husband wants to sell our home and pay off the debt. If we do that, we won’t have much for a down payment for another house, […]

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5 Money Moves Gen Z Is Making — and What We Can All Learn

By Mark Holland / 6 months ago

For years, Gen Z, or “zoomers,” kept their older relatives occupied with throwaway Facebook accounts while they and their peers played in the digital warrens of Snapchat and the like. And when their elders started learning about “snapping” and ephemeral social sharing, the zoomers had already moved on to TikTok. Historically, the younger generations have […]

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Get Ready to Pay More, Say CEOs of These 6 Major Companies

By Mark Holland / 6 months ago

Nestor Rizhniak / Shutterstock.com If unwelcome fears of inflation suddenly are haunting you, join the club. Rising prices tend to scare the heebie-jeebies out of most of us, especially those on fixed incomes. Everyone from investors to retirees appears to be spooked by recent jumps in the price of goods and services. Recently, Treasury Secretary […]

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Scared About Your Kids’ Future? 7 Things You Can Do Today

By Mark Holland / 6 months ago

As it turns out, noticeably more people are scared for their children’s future these days. Yep. According to a survey by financial advice website WalletHub, roughly 13 million more Americans are scared about their children’s financial future compared to last year. Of course that makes sense, what with the COVID-19 pandemic and a rocky economy […]

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Take These 4 Steps to Lower Your Cost of Living — Without Moving

By Mark Holland / 6 months ago

If you’re determined to have the lowest cost of living among every other human being in the United States, move to Mississippi. Seriously — it has the lowest cost of living overall, taking into account grocery, housing and transportation expenses. Dollar for dollar, your cash will probably go further in the Magnolia State than if […]

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