I realize the value of learning from one’s mistakes, but this can be especially tough to come back from when money is involved. I read about the top financial mistakes parents pass down to their children (I also learned about a publication called Forbes Woman, and I thought I was pretty savvy concerning such things – I guess that’s what the internet is for).Read More »
Walmart same store sales are down…
for the seventh straight quarter (because of cost cutting measures by the company and international expansion, though, their net profit is up). I think that’s interesting because it could mean that even bargain shoppers or cutting back, or it could mean that those who have survived this recession with their income in tact could be slowly moving back to their old shopping hangouts. Sam’s club, the warehouse arm of Walmart, is reporting a boost in their same store sales, particularly in fresh food and apparel, which sounds a bit like preparation for the oncoming season, at least to me..
Money Lessons for Teens.
I know now that Al is a teen (sigh) I try to find ways to talk to him more often about relationships, nutrition, finances and stuff he needs to know so that he can be a healthy, contributing member of society
and not live in my house. These are some of the things personal finance expert Susan Hirshman suggests making sure that kids know (I think that a lot of these lessons could benefit grownups too).
1. Know where the money goes.
2. Save/invest early and often.
3. Make a conscious effort to spend less than you make.
4. Deeply dislike debt.
5. Shop around.
6. Live like a student.
7. You’re not alone.
8. Dream big and small.
Are you ready for the grocery price wars?
In an effort to generate more traffic into its stores, walmart will be dropping prices on 10,000 grocery items on April 1. This is good news, because other stores will also reduce prices on food, but what will this mean, in the long run, for traditional grocery stores? I know that with the current economical climate (despite what some say about the recession being over), most people have their eyes on the bottom line, but I am not so sure that if we have mostly walmart and super walmart selling food when the smoke clears, if that would be such a good thing.
Meet the guy who is half a billion dollars richer than Bill Gates.
His name is Carlos Slim Helu and he is a Mexican engineer, entrepreneur and philanthropist who is mainly invested in the telecommunications industry. He controls Teléfonos de México (Telmex), Telcel and América Móvil. Can’t Americans be first at ANYTHING anymore? We don’t even have the most stuff? What are we good for? Just kidding.