10 Out-of-the-Box Ideas for Saving Money

For many people, sticking to a tight budget often requires moving out of their traditional comfort zone.

Studies have shown that thinking “outside the box” can provide many creative ideas for keeping a household budget on track — usually in ways that you might not otherwise consider.

Here are ten out-of-the-box ideas that I’m implementing — or at least strongly considering — in order to ensure my household finances remain on track. If

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Are Two Household Incomes Really Better Than One?

Not too long after our first child was born, the Honeybee left her position as a paralegal for a bankruptcy attorney to become a stay-at-home mom. It was a decision that we had both happily agreed to before we were even married. That course of action effectively turned us into a single income family, and it’s a decision I’ve never regretted for one moment.

Yes, if the Honeybee had remained working,

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6 Personal Finance Tools for Your College Student

As kids head off to college, they face a range of new temptations that can drain their financial resources. For many parents, the fear of a child falling into financial trouble is as deep as concern over academic performance. Unlike a semester of less than stellar grades, which good future performance largely offsets, poor financial decisions often haunt students for years after they leave college. You can help to equip your

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9 Indispensable Financial Tips for Teens & Twentysomethings

I hate to admit this, kids, but I used to think my parents were really dumb too. A few peas short of a casserole. All foam, no beer. Dumber than a box of hair.

I get it; Matthew, you’re 16 and, Nina, you’re 14 going on 29, which, by default, means you both already know everything about anything. But as time passes by, you’ll begin to realize that the older you get, the

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4 Steps to Help You Splurge on a Treat

This article was written by Graham from Moneystepper. Moneystepper provides advice on taking small steps every day, which have a much bigger impact over the long-term. Daily posts cover every aspect of money, investing, saving, real estate, taxes & the economy: everything you need to increase your net wealth in the short, medium and long term.

We all need treats in life. We need to enjoy experiences that will create lasting

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In order to talk about what is considered when calculating your credit score you need to first understand what shows up in your credit report. Your credit report is a history of how you have used or abused your credit. This report is created by one of three primary credit-reporting agencies: TransUnion, Equifax, and Experian. As a result, you actually have three reports and, subsequently, three credit scores.

What is my Credit

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11 Retirement Saving Tips for Twentysomethings (& Older Folks Too)

Spring has finally arrived! Not coincidentally, I can’t help but notice that the birds are once again building their nests in my trees.

Of course, watching those provident early birds got me thinking about the financial importance of feathering our own nests for retirement.

Here’s the rub: For most twentysomethings, saving for retirement is typically far far down their priority list. Let’s face it, it’s tough to get motivated preparing for an event that won’t

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100 Words On: Why Inflation Is Taxation without Representation

Inflation is a tax that doesn’t require legislative approval. Here’s why: Assume your saving account earns 3% interest. (I know; but play along.) Whether that interest is taxed at 100% in a zero-inflationary environment, or earned tax-free with 3% inflation, the end result is identical. Considering the US is mired in over $100 trillion of debt and unfunded obligations, that’s especially convenient.

The bottom line: Legislators know that imposing onerous taxes on

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Brazilian Hyperinflation: A Reader Explains What Life Was Like (Part 2)

(In Part 1, Leasi shared her account of life in Brazil during the hyperinflation that raged there between 1980 and 1994. For Part 2, I have a Q&A with Leasi that sheds a little more light on what she endured during that time.)

Len: Thanks for taking the time to share your story with me and my readers, Leasi! You mentioned that you had trouble finding a job in your chosen profession after

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Brazilian Hyperinflation: A Reader Explains What Life Was Like

(Readers: In 1990, inflation in Brazil was running at 3000% per year. At that rate, a loaf of bread that cost $3 on New Year’s Day would cost $93 by December 31. With that in mind, awhile back one my readers, Leasi, mentioned that she had lived in Brazil during its hyperinflationary period from 1980-1994. So I rolled the dice and asked her if she would be willing to share some

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