Are You a Fool With Money?

Flickr/Ndecam

“A fool and his money are soon parted.” That was a favorite quote of my late grandfather, who, by all accounts, was not a terribly genial man (although he loved timeless, biting quotes). We probably all know at least a few people who struggle to manage their money. In fact, most of us fall into this trap ourselves at some point in our lives, left scratching our heads and wondering just what the heck happened to that paycheck. But I’m not convinced this tendency toward overspending can be written off as easily as my grandfather’s quip implies. After all, the majority of U.S. households carry some debt; on average, it’s about 115% of disposable income. Even the government is in over its head. So what exactly is going on here? Are we all just foolish with our money? Get my take on this in my new post on WiseBread: http://bit.ly/Al6r0f

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