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Marketplace Money for June 5, 2004

Episode Description 
Marketplace Money for June 5, 2004

From the Money Matters Desk...Emergency savings: A rainy day conversation

If you've ever picked up a personal finance magazine, money management book, or gone to see a financial planner, you've probably heard that you should have an emergency savings account worth six months of your salary. Some experts are more realistic and recommend having just three months. Nice idea, but welcome to the real world. Sandra Block, personal finance columnist for USA Today, shares her tips on how to save for a rainy day.

Coming of age

Star Wars, Terminator, and Back to the Future. These aren't just classic movies - they're coming-of-age party themes. Bar mitzvahs and confirmation celebrations have created a booming industry of party planners, vendors and entertainers. Apryl Lundsten reports on the cost of coming of age.

"Straight Story": Gas tax

It's time once again for our economics editor Chris Farrell is to help you sort out what's smart, what's stupid and what's the "Straight Story." Gary Becker, a Nobel Laureate in Economics, recently wrote that the government should impose a 50-cent a gallon gas tax. While the idea may be politically volatile - that doesn't mean it's bad...

"Day in the Work Life": Horse trainer

The sports world has been abuzz of late with the story of a horse named Smarty Jones. The underdog thoroughbred won this year's Kentucky Derby and the Preakness, leaving him poised to become the first Triple Crown winner since 1978 at this weekend's Belmont Stakes. So on this installment of "A Day In the Work Life"...our weekly look at how people trade their time for money...we trot along with a horse trainer.
Posted In: Jobs

A conversation with Ben Mezrich

"Chick lit" is all the rage in the book industry. But what are men reading? Kai asks best-selling author Ben Mezrich, who just published his latest book, "Ugly American: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions."

"The Buzzword": J1 Visa Waivers

Life is hard enough without having to decipher everything. Each week, Sound Money will bring you a word or a phrase that has bubbled to the top of the news. For instance - J1-visa waivers. You hear it, you see it, but do you really know it?
Posted In: Jobs

Mailbag for June 5, 2004

Chris Farrell answers more of your burning money questions… this week, he gives advice on investing in employee retirement accounts, saving the right percentage of personal income, and preparing to work overseas.
Posted In: Retirement, Savings

Father's Day

Wondering what to get dad? Mark Orwoll has some unique ideas to celebrate Father’s Day. He’s the father of three kids and senior consulting editor of Travel and Leisure Magazine.
Posted In: Savings

Jumping ship

With the job market finally looking brighter, employees who were overworked during the downturn are now looking to greener pastures. Marketplace reporter Bob Moon has more.
Posted In: Jobs