Sunk Costs and Smart Decisions

As I write this, I’m on a flight back to Portland. I’ve spent the weekend with former GRS staff writer Adam Baker and his wife Courtney in Indianapolis, Indiana. Ostensibly, we were there to take part in GenCon, a huge gaming convention. We did play plenty of games, but we also had a lot of fun just hanging around and chatting. […]

Ask The Readers: Do You Have a Financial Advisor?

When it comes to managing your finances, sometimes it can be a daunting task. Many people choose to manage their finances on their own. However, there are some people who hire a financial advisor to help them manage their money. Do you have a financial advisor? […]

Cheap Fun and Libations: Brewery and Winery Tours

Brewery and winery tastings used to be more of a way to score a free drink. Today, however, they offer not only gratis samples of select drinks, but also an opportunity to learn the difference between a regular brew and a microbrew or how your favorite vineyard fared during Prohibition. […]

Best Money Tips: Smart Money Moves for College Freshmen

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on smart money moves for college freshmen, ways to save money on your next vacation, and how to stop wasting money. Top 5 Articles Going to College? 5 Smart Money Moves for College Freshmen — As a college student, make sure to start building your credit. […]

Renting a Better Deal than Buying a Home Over Past 30 Years

Here's a piece that says renting was a better financial move over the past 30 years than buying a home. The details: When the U.S. as a whole is considered, renting was preferred to buying 75% of the time. In retrospect, the period spanning the mid 1990s to the early 2000s was the only time frame in which buying was preferred to renting. […]

TradeKing Promotions: $100 Sign Up Bonus On New TradeKing Accounts

Here’s where we keep track of TradeKing’s ongoing promotions. One of their more popular promotions is the sign up bonus for new accounts. At this time, it’s available for the month of August (2011), so it could be a good opportunity to get some extra cash if you’re interested in opening a brokerage account. […]

Spare Change: Gaming Geek Edition

I’m exhausted. I spent the entire weekend (from Thursday through Sunday) embracing my inner nerd, surrounded by tens of thousands of other nerds doing nerdy things. At the invitation of Adam Baker (who writes at Man vs. […]

False Labeling (for Frugality’s Sake)

Madeleine writes in with an interesting thought: When I was younger, my mother used to buy generic versions of things and put the contents into name brand packages. She would refill a ketchup bottle with generic ketchup so that guests would see the name-brand label. I understand why she did this. Many items are very similar whether you’re buying the generic version or the name brand version. […]

Make a Fortune with Metal Detecting

Ha! I made you look! Yes, that title is waaaaaaay over the top!Have you ever been interested in making money through metal detecting? If so, you're out of luck. There's no money in it. :-)However, Wise Bread does have a fascinating piece on metal detecting from someone who clearly knows what he's talking about. […]

Buying vs. Renting Furniture

I needed furniture for the first time in a college apartment. Thanks to hand-me-downs and gifts, I didn’t have to hunt down much at all. Then I graduated, got married, and we moved into a house a couple of years later. We had to get our own furniture for the first time ever. We had to decide whether we wanted to buy or rent the pieces we needed and ultimately decided to buy. […]

Finances in 55 Seconds: Reviewing Your Tax Strategy

Now that summer is clearly underway, and the year is firmly in its second half, it might be a good idea to review your tax strategy. For many of us, a “tax strategy” is nothing of the sort; we just do what we do and hope that some of it turns out to be tax deductible. […]

The cost of collecting

Collections scare me. It doesn’t matter if the collection contains knickknacks, chotskies, baseball cards, coins, stamps, records, figurines, or Barbie doll heads. A big compilation of similar stuff often overwhelms my senses — mostly ’cause I’m compelled to add up the cost. Yet another reason you shouldn’t invite me over for dinner. […]

Watch What You Say Online: Your Career Will Thank You

Social media is a two-headed dragon when it comes to managing your career. On the one hand it lets you establish an expertise as well as network like never before. On the other, ANYTHING you say can and will be used against you by your current employer or a potential one. […]

How to Keep Your Vacation Costs Down

You know what it feels like to return from vacation. You feel rested, rejuvenated, even eager to get back to your old routine and to see your friends and co-workers once again. That’s why it’s so important to take time off and see a part of the world that you never visited before. […]

Reader Mailbag: School

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Torn between work and kids 2. Considering career options 3. Diet plans 4. Student loans? Retirement? Other options? 5. Domestic partnerships 6. Cleaning up credit report 7. Used car buying tactics 8. Rent or sell? 9. […]

The Best Back-to-School Shopping Tips

The best way to get the most for your money when shopping for school supplies is to start early. While there are some good deals and good sales during the summer before the school year starts, you can only take advantage of them if you’re prepared. […]

The Best of Money Carnival

The Best of Money Carnival is now up. Congrats to all participants and especially the winning post, Warning: Don’t Make these 8 Money Mistakes When Traveling Abroad. Enjoy! […]

US Credit Downgrade: What Does it Mean? And Why Does it Matter?

By now, I’m sure you’ve heard that Standard & Poor’s rating agency downgraded the US credit rating from Aaa to Aa+. […]

3 Money Lessons from Pawn Stars

What do you get when you take the knowledge of Antiques Roadshow, the excitement of pseudo-reality television, and the myriad of characters you’re likely to find in Las Vegas? The History Channel’s Pawn Stars. The show focuses on a pawn shop in Las Vegas and the four folks who work in it – The Old Man (Rick’s dad), Rick Harrison, his son Corey Harrison, and Austin “Chumlee” Russel. […]

Paying for What You Could Get Free

This post is from staff writer April Dykman. Each month I pay about $400 to reach personal goals. […]