money

Financial transitioning is a challenge whether you're entering the workforce for the first time or planning your retirement. On this edition of Up to Date, Steve Kraske talks with Certified Financial Planners about planning, budgeting, saving and spending at the beginning and end of your working life. 

Guests:

Ford Motor Company / Wikimedia Commons

The middle class is seemingly ever-present in American politics and ideals. President Obama pushed for what he calls "middle class economics" in his State of the Union address, and according to a Pew research study in 2012, nearly half of all Americans identified themselves as being part of the middle class.

2014 has seen all time highs in stock and bond markets. But last week took investors on a roller coaster, with the Dow erasing its gains for the entire year. So how are investors and their advisors responding to the volatility? And is the answer to that question different than it might have been before the recession?

Guests:

BTC Keychain / Flickr-CC

A federal commission has shut down Leawood, Kan., based company Butterfly Labs Inc., for failing to deliver high-powered Bitcoin mining equipment to customers on time. 

The Kansas City Business Journal reports that the Federal Trade Commission believes Butterfly Labs took between $20 million and $50 million in specially designed computer orders from customers. Many of those orders didn't get delivered on time, or at all. 

www.forbes.com

Money is a crucial part of our society and often a dominating concern, but what exactly is money? And why do we know so little about it?

In this edition of Up To Date, Steve Kraske talks with Steve Forbes, the chairman and editor-in-chief of Forbes Media. Forbes advocates for a return to the gold standard and explains why policy makers are dangerously ignorant of fundamental monetary principles.

Guest:

Context Travel / Flickr-CC

How much would you pay for a charity wine tasting? $50? What about $50,000? Depending on the event, it can be a pricey prospect.

Mark Ou / Creative Commons

Many of us fantasize about receiving a large sum of money unexpectedly. This is the very fantasy that sends people to the grocery store for lottery tickets.

But it's not just a fantasy. Situations do arise when people who are not necessarily experienced in dealing with money find themselves on the receiving end of a financial windfall.

Howard County Library System / Flickr-CC

Every parent these days hears it from their children: “I want a new smartphone” or “We have to get a new tablet—I’ll just die without one.” But how do you teach kids to value how expensive it is to keep up with the Joneses?

On Monday's Up to Date, psychologist Wes Crenshaw joins us to talk about teen entitlement and how you can help your kids learn the value of money. We discuss how to explain the difference between needs and wants and how to get your teen thinking on the same page as you when it comes to the next upgrade.

401(K) 2012/Flickr-CC

Working two jobs, for a total of 60 hours a week, at federal minimum wage, you would bring home roughly $22,600 a year. That’s almost one thousand dollars under the federal poverty level for a family of four.

On today's Central Standard, Brian Ellison talks with two economists who have differing views on minimum wage. How much does raising minimum wage hurt businesses, but how much could it improve the lives of those working at minimum wage?

We also look back on the life of E. Grey Dimond, founder of the UMKC school of medicine, with some of his former colleagues.

Holiday Budgeting

Dec 10, 2012

You don't have to be a Scrooge this Christmas to keep away those post-holiday credit card blues.

In 2012, the federal tax return deadline is Tuesday, April 17 — so if you haven't already filed your income tax return, you have about one week left to shop around for different options to finish your taxes, or request an extension.