Family Finances

Summer is upon us and as you look around your house all you see is work. "No problem, I'm handy...", you think to yourself. That's a great attitude and I, for one, am all for tackling home projects (fairly) big and small. Still, be warned that there are some projects and problems that need to be addressed by people who know what they're doing (and have liability insurance). Otherwise, you might get yourself into a costly mess.

Here are five areas of your house that really do need to be fixed by the pros:

SLIDESHOW: 5 Home Repairs to Leave to the Pros

By Bruce Watson
Daily Finance

Makeup can be dangerous.

Looking at the rows of toners and powders, lipsticks and rouges packing the corner drug store, cosmetics seem innocent enough. But under the bright colors and attractive packaging, the sex appeal and huge advertising budgets, dangers lurk -- industrial solvents and carcinogens, deadly metals and petroleum distillates. And even beyond the health dangers, there are environmental worries -- concerns about where these ingredients come from and what their extraction does to the Earth.

On the other hand, it wasn't always this way. Sure, the ancient Romans sometimes mixed lead with their cosmetics, and 19th century Americans occasionally killed whales to get the raw ingredients for their perfumes. But, on the whole, cosmetics and skincare have gotten a lot less friendly over the past few decades.

Luckily, many of the classic cosmetics and skincare products your grandmother used are still going strong today. Here are nine of our favorite brands that are gentle on your wallet and will leave your skin and hair feeling great.

By Ken Ilungas, Special to The Motley Fool

On the first night I tried to sleep in my van, I was lying in my sleeping bag sprawled out on the backseat, parked in a mostly empty Walmart parking lot. I'd wake up every 15 minutes because I was nervous that the security guard driving past my van would knock on my door and make me leave.

My new home had 60 square feet and four wheels. While most people would consider living in a van an embarrassment, a low point, or even a "rock bottom," it would -- though I didn't realize it then -- turn out to be the greatest financial decision I'd ever made.

No one would end up waking me up in the Walmart lot, and, over the next two years, almost all of my other fears would prove to be entirely unfounded.

Debt-free; Dirt Poor

In January 2009, when I'd decided to move into the van, I was nearly broke. I had just $4,000 in the bank and no possessions other than a laptop, camera, cellphone and a suitcase full of clothes and a backpack full of camping gear.

I had next to nothing because I'd just finished paying off my $32,000 undergraduate school debt. Still, after two-and-a-half years of working, I wanted nothing more than to go back to school and get my master's degree in liberal studies at Duke University. But how could I afford tuition and not go back into debt?

My answer: a $1,500 '94 Ford Econoline.

I'd cook in it, sleep in it, study in it, and live in it. I'd do whatever it would take not to go into debt again.


A Nation of Potential Van Dwellers

I'm not the only student in America struggling with the high cost of education.

Currently, there are over 36 million debtors saddled with more than $1 trillion in student debt. In 2011, two-thirds of graduating students left with an average $26,600 in debt.

But the problem isn't always tuition. The enormous cost of room and board -- averaging $8,500 a year for students living on campus -- can set students back just as much. For freshmen at Duke University, which would be my graduate school, the cheapest dorm option is $5,464 an academic year. The cheapest meal plan is $5,540 an academic year, or $27 a day.

By living in a van, I figured, I could reduce (if not entirely do away with) many of the costs that are drowning students in seas of red ink. And if I picked an affordable graduate program, then, well, maybe I could leave school with a debt-free degree.

Amazingly, it worked. This is how I did it:

Clearly the best way to use aluminum foil is to fashion it into a cone-shaped hat to block aliens or the "Government" from reading your thoughts. However, aluminum foil has other uses -- even beyond cooking.

Here are a few ways to transform a cheap and durable kitchen staple into a marvel of home economy.




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Get More Bang for Your Spring Cleaning Buck

I'm sorry to tell you this waitstaff, but a lot of people hate tipping.

It's confusing, with people inevitably hemming and hawing over how much to tip and how much is fair, it's awkward, as it's not like you have to, and it's extremely random. How much is enough? How much is too much? Why do some service industries expect to be tipped in some areas, while it's perfectly acceptable not to even think of tipping others in different parts of the same industry?

After all, we're expected to tip the baggage handler at a hotel, but not the person at the front desk. Plus, some people believe that tipping is downright discriminatory, since data shows that blondes are tipped more than brunettes and black customers actually do tip less than white customers, which has caused discriminatory blowback for black customers by the restaurant industry.

Stephen Dubner and Steve Levitt, of Freakonomics fame, recently tackled this issue in their newest podcast.

Unbelievably, one in two Americans walk through the doors of some fast food outlets and shops each month. Wonder who the top retailers are? Find out which shops command the most loyalty in our slideshow of most popular shops in America:

Oh what a tangled web we weave when we practice to make personal gain from taxpayer money. Canadian politics has been rocked in recent weeks by revelations from the Senate expenses scandal. Already, four Senators have resigned from their respective caucuses and the Prime Minister's chief of staff fell on his sword for cutting a personal cheque to cover Senator Mike Duffy's inaccurate living expense claims. Alas, political expense scandals are not uncommon but they are invariably entertaining and, as a taxpayer, infuriating. Here are five of the most egregious expense scandals so far this century.

Related Links:
Where Does the Tax Deduction Go if Rob Ford "Crackstarter" Money is Donated to Charity?
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Prince Alwaleed, Testy Saudi Billionaire Owns A lot of Things: Here Are Some of Them

By Nicole Seghetti
The Motley Fool

Hey, dads: You know that "World's Greatest Dad" T-shirt you sport every Father's Day? Well, you deserve it! You not only work hard from 9 to 5 to provide your family with a good life, but also dutifully slog through your honey-do list and coach the Little League team.

In return for the love your kids will show you this Father's Day, give back to your family by implementing these four financial planning musts.

By Helga Arminak, as told to Michele Lerner

I was born into a war in Beirut, and I grew up in a war.

Every day there were bombs and gunshots, people being dragged in the streets off the back of cars, and just terrible sights. Sometimes we went to school and sometimes we didn't. Sometimes we went for weeks without any water or electricity.

Scenario 1: Your path to retirement is wide, gently sloped, paved with good intentions and free of potholes-including market declines, job loss and health problems.

Scenario 2: Your path to retirement is steep, littered with obstacles and fraught with perils, including procrastination and the temptation to raid your accounts to finance other pressing priorities.

Unfortunately, Scenario 2 is more likely. In a new survey by Ameriprise Financial of people ages 50 to 70, virtually all of the respondents said they had experienced at least one retirement derailer, and more than half said that it had seriously affected their retirement savings. The average amount lost or forgone: $117,000. A poll of Kiplinger's readers showed similar results.

You can't stop life from knocking you off your feet, but you can plan for the unexpected and move forward after the inevitable hard knocks.