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Most Recent Articles
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- Americans Have Never Had It So Good
American families have never earned more income than they do now, according to a longitudinal study by the US Bureau of Labor Statistics which was released on June 30 this year. The study also said that American families have never spent less on necessities or enjoyed a higher standard of living than they do right now. This leads to one inescapable conclusion: American families have never had it so good.
The Bureau labeled its report as "100 Years of U.S. Consumer Spending: Data for the Nation, New York City, and Boston," and it marks the first time that the US Bureau of Labor Statistics has examined an entire century of data instead of just a year.. - Watching Over Money
You open it, close it, and reopen it at least twice a day. One of your most important storage devices, your wallet, has evolved over the years to an important financial tool and a personal journal. Storing receipts, bills, paper money, coins, credit or debit cards, your driver's license and even your local supermarket membership card, your wallet is perhaps the most important piece in your pocket or purse.
But keeping score of your week's spending and managing to stay under your budget's limit, is something that needs more precise effort than frequently checking the amount of cash you have left inside your wallet's compartments. Special tools, such as software applications, most of them stored in the memory of an electronic device like a personal computer or a blackberry, are extensively used for similar purposes since they assist contemporary busy individuals handle their finances, apart from their daily schedules. But these types of technologies cannot work without the necessary feedback from their user, meaning that the data needed to configure the spending limits of a person have to be entered into the system-or software program-from the individual himself or online through their choice of financial institution -if the necessary permission is given and the application allows such information to be stored automatically into the system.
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