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  • Two Minute Money: How secured credit cards work

    If you've got bad credit, a secured credit card might be your best option to fix it.

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  • Lowest-income families spend 40% of their money on what economists label luxuries
    News
    MarketWatch5 hours ago

    Lowest-income families spend 40% of their money on what economists label luxuries

    It turns out that all Americans, regardless of income, spend a large percentage of their income on what economists categorize as luxuries. People who make the most money spend the biggest chunk of their incomes on luxury goods, but even the poorest households spend a significant amount on luxuries, according to an analysis released recently by Deutsche Bank Research. The wealthiest families (the top fifth of earners) spend around 65% of their incomes on luxury goods and 35% on necessities, according to the study, which looked at spending habits between 1984 and 2014. Middle-income households weren’t far behind: They spend 50% on luxuries and 50% on necessities. Even the lowest-income families

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  • Why getting a 10-year-old car is a savvy move
    News
    MarketWatchyesterday

    Why getting a 10-year-old car is a savvy move

    Want to make sure your car won’t wreck your budget? Here’s a chart that might help. In a corner of Reddit devoted to visual representations of data, users are buzzing about a graphic that looks at different approaches to car ownership. The graphic, shown below, indicates that the cheapest thing to do is to buy a 10-year-old used car, keep it for five years, and then repeat. The most expensive approach is buy a brand new car, keep it for five years, and then do that again. Is it ever cheaper to go with a brand new car rather than a used car? Yes. The graphic indicates that if you buy new and keep that ride for 20 years, that will cost you less than buying a three-year-old used vehicle that you

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  • Business
    TheStreet.com5 hours ago

    Vanguard's Founder Jack Bogle Reveals 3 Secrets of Investment Success

    Investing giant Jack Bogle pioneered index investing with his development of the Vanguard 500 Index Fund in 1976. Bogle began his career in the mutual fund industry in 1951 when he worked at Wellington Management Company. Then in 1975, he founded the Vanguard Group and served as chairman and chief executive officer until 1996, and senior chairman until 2000.

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