There are some compelling reasons to do it -- but some strong arguments against it as well.
This post comes from Christine DiGangi at partner site Credit.com.
During a 2012 campaign stop, Republican presidential candidate Mitt Romney famously told students to chase success by taking risks, getting necessary education and borrowing money from their parents, if need be.
Critics skewered the wealthy Romney for being out of touch, because most people's parents probably don't have the kind of money to dole out to their adult children on demand.
But hey, if it's an option, why not hit up the Bank of Mom and Dad for a loan? There are plenty of advantages of borrowing from your parents, rather than a financial institution, but there are some big drawbacks, too.
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Here are a few shopping tips to help you save money in the coming month.
This post comes from Lindsay Sakraida and Louis Ramirez at partner site DealNews.
Spring is at our doorstep, and even if you're planning to stay glued to the couch for all of March Madness, you'll also likely be doing a bit of spring shopping.
To help you save big, we've mined the extensive DealNews archives for sales, coupons, daily deals, and individual products from the past few years to guide you in your quest to make the most savvy purchases this month. From chocolates to gaming consoles, here are the best and worst things to buy in March.
Treat yourself to chocolate
Did you not get the sweets you hoped for on Valentine's Day? Well luckily you can peruse high-end chocolate shops for any lingering V-day treats. As always after a holiday, themed sweets go on sale at any store with overstock.
This month, look for treats that haven't been gobbled up and you'll find discounts of up to 50 percent off at places like Godiva. Also, check the gift section of department stores for other decadent ways to treat yourself on a budget.
When you're young and on a tight budget, you don't have to sacrifice your diet to keep food costs in check.
This post comes from Ryan Ermey at partner site Kiplinger.
I never knew how expensive food could be until recently. After I graduated from college, I was going out and swiping a card to pay for meals like I always had. It didn't take long to realize that this was my actual money and not just my prepaid (by my parents) meal points I was spending. I was, literally, devouring my budget.
But when I tried to spend less at restaurants and cook more at home, things didn't get a whole lot better. I was saving money on food, to be sure, but I was feeling far less energetic and gaining weight. As it turns out, a steady diet of Rice-a-Roni and spaghetti is filling and very cheap but not all that nutritious.
I needed to find a way to eat healthily on my intern's salary, so I spoke with Sonya Angelone, a registered dietitian-nutritionist and spokeswoman for the Academy of Nutrition and Dietetics. Now, implementing some of her ideas, I'm maintaining my tight budget for groceries but getting more, healthier meals for my money — and my clothes are fitting better. Thanks, Sonya.
Here are some healthy eating strategies for those of you who are as broke as I am. If you take some time to pay attention when making small decisions about your food every day, you'll be happier, healthier and richer for it.
The latest Pentagon budget proposal slashes subsidies for commissaries.
This post comes from Krystal Steinmetz at partner site Money Talks News.
U.S. military families' grocery budgets could take a $3,000-a-year hit under a new defense budget proposal.
The proposal would cut commissary subsidies from $1.4 billion to $400 million. The 71 percent decrease would be phased in over three years, CNN Money says.
A recent Defense Commissary Agency study found that military families save 30 percent on their grocery bills by shopping at a commissary, compared with a retail grocery store. The new budget proposal would knock those savings down to 10 percent.
"It's a huge hit for families," Kathleen Moakler, government relations director for the National Military Family Association, told CNN. "This helps our families supplement their pay."
This is just another hit for military families, many of whom are already struggling to make ends meet. We recently told you that a record number of food stamps were used by service members and their families, both active duty and retired, in the fiscal year that ended Sept. 30.
And Congress recently cut funding for the food stamp program, which impacts both military and civilian families.
In search of family fun ideas that won't break the bank? Check out this list of tips on how to find low-cost entertainment.
This post comes from Allison Martin at partner site Money Talks News.
We're often encouraged to live life to the fullest, as tomorrow is not promised. But what happens when our wallets say otherwise?
There's no question that spending on fun activities can add up quickly. According to the U.S. Bureau of Labor Statistics, U.S. households spent an average of $2,605 in 2012 on entertainment. That's about $217 per month.
The good news is that there are many ways to be entertained without breaking the bank.
Instead of pouring remodeling money down the drain, consider these budget versions of five expensive projects.
This post comes from Marilyn Lewis at partner site Money Talks News.
The herky-jerky real estate market -- recovering here, lagging there and nearly reaching a bubble in some cities -- has buyers, sellers and homeowners all scratching their heads.
Uncertainty is the word.
It's risky to delve into lavish home improvement projects that are unlikely to earn back what you put into them. Even if you’re in one of the markets where CNN Money expects the greatest increases this year -- Oakland, Calif.; Tampa, Fla.; Fort Worth, Texas; New Orleans; Richmond, Va.; Hartford, Conn.; Baltimore; Birmingham, Ala.; New York; and Memphis, Tenn. -- don't go hog wild.
The payback on remodeling is up, says Remodeling magazine, which each year publishes a report on the resale value of 35 home improvement projects. But that's "up" from years of decline. "This trend signals an end to the long slide in the cost-value ratio, which began to fall in 2006 and didn't begin to rebound until last year," the magazine says.
Some improvements can raise your home's value quite a bit, but getting your entire investment back is rare.
The best city for return on your remodeling dollar is Honolulu, Remodeling says. The top 10 cities, in order, are:
Curious what your state pays for coverage compared to the rest of the nation? If you live in Michigan, you may be sorry you asked.
Michigan is No. 1, but no one there will be happy about it.
The Great Lakes State has the highest average car insurance rates in the nation, according to Insure.com's 2014 study of auto insurance premiums.
West Virginia is No. 2, followed by Georgia at No. 3.
Michigan regained the top spot, which it held in 2011, from Louisiana. The two states have been No. 1 or No. 2 since Insure.com launched the study in 2010. This year Louisiana dropped to No. 7.
Ohio has the least expensive auto insurance rates, and Maine has the second-cheapest premiums.
Average car insurance premiums vary considerably by state for a variety of reasons -- including the number of urban areas, traffic conditions, state insurance laws, the percentage of drivers who are uninsured, auto thefts and the number of car insurance companies competing for business.
A new study says an economic uptick is the green light some couples have been waiting for to call it quits.
This post comes from Krystal Steinmetz at partner site Money Talks News.
A divorce can be spendy and, suggests a new study, that high cost forced some unhappy married couples to stay together during the Great Recession.
Times are getting better, so those couples are finally calling it quits.
Research by University of Maryland sociologist Philip N. Cohen indicates that 150,000 fewer divorces happened between 2009 and 2011 in the U.S. than would have been expected, says The Huffington Post. It added:
According to Cohen, the rate dropped from 20.9 divorces per 1,000 married women in 2008 to 19.5 divorces in 2009, but began to rebound in 2010 when the rate hit 19.8. Cohen suggests that as the economy improved, so did the divorce rates.
Bloomberg says, "The number of Americans getting divorced rose for the third year in a row to about 2.4 million in 2012, after plunging in the 18-month recession ended June 2009, according to U.S. Census Bureau data."
Andrew Cherlin, a Johns Hopkins University sociologist, told the Los Angeles Times that this trend has been seen before.
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