Archive for July, 2013

World's Shortest Work Weeks

Posted on July 30, 2013 by Saldutti

Americans work an average of 38 hours a week, even after factoring in part-time jobs. CNNMoney found these 10  industrialized nations where workers have shorter hours. Netherlands – The four-day workweek is nearly standard in the Netherlands, especially among working moms.  Dutch laws promote a work-life balance and protect part-time workers. All workers there are entitled to fully paid vacation days, maternity and paternity leave. A law passed in 2000 also gives workers the right to reduce their hours to a part-time schedule, while keeping their job, hourly pay, health care and pro-rated benefits.  Overall, the entire workforce averages around…

5 Financial Corners You Should Never Cut

Posted on July 25, 2013 by Saldutti

We’re always looking for ways to save money and stretch our dollars to their fullest potential. There is plenty of advice out there on where to cut corners, but sometimes it’s actually better to bite the bullet and fork over the extra cash now to save in the long run. Some expenses are annoying, but are solid investments in our future. So the idiom goes: penny wise and pound foolish. According to, these are five financial corners you should never cut. Insurance – Insurance is an important financial safeguard against accidents. Auto insurance is important because car accidents can…

3 Ways to Boost Your Credit Score Fast

Posted on July 24, 2013 by Saldutti

Repairing a shoddy credit report requires time, but there are few steps you can take to expedite the process. offers these tips to give your credit score a boost in a short period of time. Pay down credit card debt – One of the only surefire ways to give your credit score a quick boost is to pay down any existing debt you may be carrying on a credit card. This will have an immediate (and positive) impact on your credit utilization ratio, which essentially involves how much credit you are using versus how much is actually available to…

Babysitting: By The Numbers

Posted on July 18, 2013 by Saldutti

If you’re lucky enough to score a babysitter for a Friday night out, the question of how much to pay that babysitter is inevitable. And because babysitting rates vary in different regions, finding the answer can be tricky. UrbanSitter, an online babysitting resource, recently published their annual infographic that shows average hourly rates across the country, based on recent transactions made by their users. Compared to the data collected last year, the rates increased in most cities except for New York City and Los Angeles. San Francisco bested New York City as the most expensive city at $14 per hour…

Are We Raising a Nation of Spenders or Savers?

Posted on July 16, 2013 by Saldutti

It’s not exactly a secret that kids look to their parents for money, starting with allowances when they’re young and sometimes escalating to loans when they’re older.   But kids want more from their parents than just cash. They want financial guidance, too, and they count on their parents as mentors on the subject. T. Rowe Price took a long look at the issue of kids and finances with its Parents, Kids and Money Survey. According to the survey, 73% of parents are having regular conversations with their kids about money.  Interestingly, kids think the money conversations are taking place less…

76% of Americans Living Paycheck-to-Paycheck

Posted on July 14, 2013 by Saldutti

The economy isn’t getting better and the unemployment numbers we keep seeing are far from accurate. According to CNN Money, 76% of Americans are living paycheck-to-paycheck.  Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a recent survey released by Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than…

Happy July – The Halfway Point

Posted on July 05, 2013 by Saldutti

On the Fourth of July, we celebrate our freedom! And what better way to put yourself on a path to freedom from debt than to make a budget!  Making a spending plan is key if you are going to get out of debt and save money. But just like Independence Day comes every year at the same time, there are always expenses that pop up regularly to blow up your budget like a big fireworks finale. So let’s be ready for it, shall we? Here are some common budget-busters for the month of July: Fourth of July party. It’s the…

Fantastic Fourth of July Facts

Posted on July 02, 2013 by Saldutti

Fourth of July is one of the most exciting holidays across the nation for many Americans. It is a time to celebrate our Independence as a nation, that our Founding Fathers fought for us. Families and friends will gather in backyards, parks, beaches and other places to spend time together. This holiday allows people of all ages to get decked out in red, white, and blue to show their patriotism. Fourth of July is filled with excitement and happy faces. The cost of what Americans spend on this holiday shows just how much the holiday is loved. The following statistics are…

Firm Welcomes Newest Member

Posted on July 02, 2013 by Saldutti

The Saldutti, LLC staff welcomes its newest (and furriest) member of the team … Lucy.  Lucy is a 9-week old black English Labrador Retriever born in Florence, New Jersey.  She is excited to serve in her new role as office pet.  In her spare time, Lucy enjoys eating, playing fetch, and swimming in her pool.  She brings a very calm demeanor and a lot of cuteness to the firm.   Welcome, Lucy!