Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
Our National Debt
Our national debt is the sum of all the money we have borrowed over our country’s history. It is currently nearing $29 trillion. Sadly, we have grown accustomed to such huge numbers. Now they’re called “MEGO” numbers. That stands for “my eyes glaze over!” To put numbers into perspective, the national debt reached a record..
College Prep & Payment
Parents of college students starting the fall semester have come to the moment of truth — the moment when it’s time to start paying out all that money they’ve been saving and borrowing. There are some rules involved in how you spend scholarship and grant money, as well as money you've saved in tax-advantaged accounts...
A Tale of Two Countries
When it comes to figuring out the economy, let me borrow the famous line from Charles Dickens: “It was the best of times, it was the worst of times....” If you follow the economic headlines, trying to make money decisions that impact your life, it’s understandable that you might be confused. Economists are confused, too!..
Money Education Needed (And YOU can help!)
The pandemic scrambled the personal finances of many people. But that’s not the only reason Americans are tangled in a web of financial insecurity. Tim Ranzetta, co-founder with Jessica Endlich, of Next Gen Personal Finance, is so convinced that the lack of education about money is a major cause of social disparity that he personally..
Stock Market Surprise?
A sneaky market decline set the stage for a volatile week. But those looking behind the headline new highs posted in recent weeks aren’t surprised. I write this as the market has opened down 700+ points, and media are calling for an opinion, or perhaps reassurance! By the time you read this the market may..
Social Security Timing
Once upon a time – our parents’ time --Social Security was automatic: You reached age 65 and started collecting your monthly check. Today, dealing with Social Security involves making important decisions that will impact your income for the rest of your life. When to Take Social Security Benefits The most important choice you will make..
