Creating a budget isn't the answer for everyone. After all, there are many people without budgets who have minimal debt. They also pay off their credit cards monthly and save money. Even so, there are just as many who need a budget to track expenses, ...
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Is a Roth IRA Conversion Wise for You?
Unless Congress passes new tax laws during the next three years, the tax brackets from 2017 will be back in 2026, resulting in higher taxes for many people. For people in high tax brackets, wise tax planning is essential. One strategy to counteract ...
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Stretch Your Paycheck: Money-Saving Advice for First-Time Employees
One factor that employees consider when looking for a new job is their compensation. Before accepting any offer, you should strive to stretch your first paycheck during negotiations so it's as big as possible. At a minimum you should always ensure ...
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What Is the Difference Between Cheap and Frugal?
Depending on who you talk to, the economy may or may not be booming -- but it seems like there are always more than a few people who are looking to find additional and more creative ways to save a buck or two. The trouble starts when they cross the ...
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Why Millennials Are Struggling Financially And What They Can Do About It
It is no secret that millennials are struggling financially. A recent study by the Federal Reserve revealed that 44% of millennials have nothing saved for retirement. This is a major problem, and it is something that millennials need to address if ...
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5 Expert Tips for Saving Money with a Credit Card
For many people, a credit card offers a flexible way to access funds when they're needed. However, credit cards can do much more than this when they're used properly -- and can in fact end up saving you money in the long run.
Selecting the right ...
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100 Words On: Why You Need Emergency Savings AND a Rainy Day Fund
People often use the terms "rainy day fund" and "emergency savings" interchangeably when they are really two completely different forms of personal finance insurance. A rainy day fund is meant to help you weather short-term, relatively low-impact ...
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6 Responsible Ways to Use Your Emergency Funds
Opening a savings account for emergency funds helps individuals and families weather uncertain financial times. Without careful planning and a personal savings account dedicated to saving for life events, it can be difficult to manage a significant ...
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Early vs. Delayed Retirement: Which Path Is Harder?
Not too long ago, I was driving my family along the foothills of Southern California, at the base of the magnificent San Gabriel mountains.
Believe it or not, the San Gabriels top out at over 10,000 feet; and while the panorama from the top of ...
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Aiming for a College Education? Here Are 3 Ways to Save for It
If you're a parent thinking of your child's future, then one of the things that you're probably considering right now is your kid's college education. Of course, it depends on their choice whether they want to go to college or not, but preparing for ...
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5 Areas to Cut Your Spending in 2022
Saving money is a goal shared by many and a good resolution to make - no matter what time of the year it is. However, it isn't uncommon for vows to waste less money go awry after only a month or two of making them.
The good news is it's never too ...
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100 Words On: The Importance of Always Paying Yourself First
When it comes to saving money, the biggest hurdle for most folks is the lack of available cash after paying all of the bills every month. Fortunately, this seemingly impossible problem is easily fixed by paying yourself first -- not your creditors. ...
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How a Broken Washing Machine Fixed My Finances
Readers: I received a message from a reader in the United Kingdom, which I found to be very inspiring. He graciously accepted my request to share his story with you. -- Len
Last November my washing machine died. Because I make decent money - the ...
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My 12-Year-Old Daughter Shares Her Secrets for Saving Money
Hello! It's me, Nina, again! My dad asked me to write another post for him. He let me pick the picture too!
He paid me $15 for this, by the way. (Thank you, Dad!)
That money's going to come in handy too because lately I've been trying to save ...
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3 Reasons to Have an Emergency Fund (That We Don’t Talk About)
Most people don't have emergency funds -- and if they do, they usually aren't for very much.
Most experts recommend that you have at least six months worth of expenses squirreled away in an interest-generating account of your choice. And yet, most ...
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The 4 Biggest Ways to Stretch Your Income
The other day I was talking to an acquaintance who shall remain nameless. Anyway, he was lamenting that he couldn't find enough discretionary income for an annual family vacation.
I found that fascinating considering Eddie (oops!) drives a brand new ...
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100 Words On: A Guaranteed Way to Preserve Your Wealth
Fiat-based paper currencies facilitate commerce by acting as a medium of exchange that's far preferable to bartering. Unfortunately, governments that wish to spend beyond their means can -- and do -- print fiat with impunity, thereby leading to ...
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5 Personal Finance Tenets That Aren’t as Smart as They Used to Be
When I was a kid I used to love the fun houses found at summer carnivals and local fairs.
I loved the sense of twisted reality provided by image-distorting mirrors and the wacky side-rooms where water appeared to flow uphill and it was nearly ...
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100 Words On: Why It’s Time to Eliminate the Penny
It's been a decade since Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially ...
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5 Strategies for Protecting Your 401(k) Savings from Economic Collapse
After more than a decade of the Fed's reckless monetary policies -- in particular, persistent near-zero interest rates and their relentless de facto currency-printing campaign better known as "quantitative easing" -- the financial system has been so ...
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