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Financial Literacy

Financial Literacy

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Home Economics

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Home Economics A La Shmoop

Does your mommy still do your laundry? Fess up. If she does, you have come to the right place! Shmoop is all for independence – can you hear the People sing? – Theme A: Do your own dirty laundr...

The Cost of Living in America

There’s no such thing. It’s like saying “I speak European.” A fat steak dinner with a nice glass of wine in Manhattan is like 50 bucks for a cheap place. The same dinner in Des Moines is 3...

The Cost Of Living in Your Home

With absolutely no science, here’s an item-pricing chronicle of a stroll through Safeway in a suburban California neighborhood in 2012:Half gallon of milk - $2.896-pack of Diet Coke - $5.492 poun...

What is "Cost?"

So what is all this about “cost?” Like what does “cost” mean anyway? You should have an accountant’s understanding of what cost means and then you can either apply it or choose not to. Co...

Prom Dressonomics 101

Your folks said, “We’ll pay half.” And you think: “Ooh. Jackpot.” You are incentivized to spend more rather than less because ma and pa bear half the burden here. (It’s actually more th...

You Buy a Car

What does it cost?Well, you paid $8,000 for a more-than-gently-used Ford Taurus. It’ll do. Relatively safe. It starts on cold mornings. But it’s a set of wheels, a means to freedom, your home a...

Porsche!

Porsche Turbo Convertible with the little “speed fin” on the back and the fat tires, 0-60 mph in 3.7 seconds, bright red exterior, black interior, big fat stereo system…. Sssssssmokin’ hot....

Opportunity Cost

There’s one other thing you have to consider to do fair math. What if you had invested the $8,000 Taurus money instead of having had it tied up in the car during those 4 years? Well, one could ar...

How About That Mattress?

You've had an achy back ever since you decided to get that waterbed (but it looked so cool in the ad!), and now you need a firmer mattress.There’s a really awesome one that has these little air p...

Opportunity Cost: Private Vs. Public School – University Shmooniversity

OK, you’ve gotten the gist from the “free” Super Bowl tickets example (you won them free and clear from a radio station giveaway – you chose to go to the game rather than sell them – they...

What A Home Costs

There was a time (not a line from Les Mis – this is a happy story) when your parents were young and poor and childless. Their evenings were free and they dreamed a dream of homes gone by. They we...

What Running A Home Costs

Remember that Taurus you bought for $8,000? (Of course you do; we keep mentioning it.) Remember how it really cost you $19,000 to run it for 4 years? Well, when it comes to costs, you ain’t seen...

Stuff That Will Cause The Man To Take Your Home Away From You

Real Estate TaxesFor home ownership, taxes are a state thing, not a federal thing. That is, it is the state that you live in that sets the pricing to live there. This idea makes sense – the local...

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