Spend Half News Today

The commodity trader's chief executive tells an energy conference in London.

Though ours is a country that struggles with a general lack of financial literacy and suffers the consequences of not learning about money in a clear and confident way as kids, most of us can look...

Differences in the candidates plans in terms of the national debt, it is staggering. what are economic benefits that trump is expecting to see under his plan that would keep from piling on the nations deficit? >> what he says is you put more money in the pockets of average americans and theyll spend it. its not necessarily true. rich people do typically save more than spend. they save about half of their tax savings. they do spend half of it. lower to middle income americans do spend more. there...

>> i actually do that. when my daughter receives any moneys, birthdays and stuff, i tell her spend half, save half. that way, she at least appreciates that she has something to fall back on. >> but, momma, heres the real question. are you saving money for you? >> i am trying. i am trying to work hard at that. >> momma, kids do not do what you say u they do what you do. if you really want to have an effect on your children, especially your daughter, you have to have an emergency fund. you have to...

Them where are they going to get this money that theyre going to save. so, chances are, momma, youre giving them an allowance. is that correct? >> um-hmm. >> well, why are you giving them an allowance? >> well, they have to earn it. chores, responsibleties. >> there should be certain things that they do around the house that they dont get paid for. thats because theyre living in a house. and then you should set up something called work pay. they get $2 if they do this, they get $4 if they do thi...