MONICA MEHTA: Secret spending among spouses is practically an underground economy. A study by CreditCards.com suggests that one in five adults has concealed a purchase of $500 or more from a significant other. A 2012 study of 23,000 adults, conducted by Today.com and Self.com, pegged the percentage of married people who keep money secrets from their spouse at 46%. Read more
Category Archives: Columns
Finance expert Monica Mehta offers advice to entrepreneurs tackling real-world personal finance issues. Ask her a question and your query might be the inspiration for a future column.
Q: I want to quit my job to pursue a startup, but have $35,000 of student loan debt. Is there a way to shrink my loan payments while we are trying to get off the ground? — Eric Lee, Austin, Texas
Today student loans represent the single largest debt burden for people under 40. In fact, from 2004 to 2009, only 37 percent of federal borrowers managed to make timely payments without postponing or becoming delinquent. Those most likely to default are unemployed or underemployed. Startup life, where income is anything but certain, qualifies you for the high risk camp, so it’s important to know your options. Read more at Entrepreneur.com
Put an end to failed New Years resolutions by setting goals your brain likes. Check out my recent story for Entrepreneur Magazine based on the science covered in The Entrepreneurial Instinct. Read more here