How much do you spend on entertainment? If you’re anything like the average American, you spend around 5% of your paycheck on entertainment. That has been the average since before the beginning of the Second World War, according to the U.S. Department of Labor.

On August 28, 1963, on the 100-year anniversary of the Emancipation Proclamation, Martin Luther King Jr. led more than 200,000 demonstrators in the March on Washington for Jobs and Freedom. It was then that he delivered his now famous “I have a Dream” speech.

Competition in the credit card industry is so intense, credit card companies are ready to offer all types of perks, rewards and rebates to get your business. This doesn’t mean you shouldn’t be selective. Choose the wrong card or use it in the wrong way, and the endless possibilities of having access to credit can quickly transform into an evil, joy-sapping debt blob.

Thomas Edison is universally recognized as a genius inventor, but he was as good a salesman and businessman as he was a inventor and innovator. Some of his views on money, finance, and monetary policy were so ahead of their time they still sound current and progressive today.

Yes, it is possible to have both a Roth IRA and a traditional IRA. If you qualify, you should have one of each. Why? Two words: tax diversification.

Credit card interest rates can get so high even loan sharks blush. Interest rates of 25% and 30% or now so common we don’t even blink when we see them on credit card agreements. Not long ago, openly charging that type of interest would be enough to put you in jail.

Being famous and rich is all very good, but nothing turns heads and shouts “celebrity” like a customized super car. Here is our top 20 list of super cars owned by celebrities. You might not recognize some of these celebrities if they walked past you on the street, but you sure wouldn’t miss their cars.

If you had to guess the reason most people file for personal bankruptcy, you may think — like I did — that adverse life events, such as health problems and unemployment, are the biggest culprits. However, according to research by Ning Zhu, an associate professor of management at UC Davis, reckless spending, not illness or job loss, causes most bankruptcies.

Credit cards are an integral part of our daily transactions, yet many of us are unaware of their intriguing history and lesser-known features. From their origins to the laws that protect consumers, here are ten fascinating facts about credit cards that you probably didn’t know.

The chances are you weren’t spared the media feeding frenzy surrounding the case of Rachel Canning: the 18-year-old New Jersey high school student who after leaving home tried to sue her parents for child support ($650 a week), private school fees (+$3,000), access to her college savings fund, and reimbursement for legal fees ($12,000+).