How to Blow $1.2 Billion

It's been awhile since we detailed rich people who couldn't control their spending and lost a fortune, so this piece is a good catch up. It lists ten star athletes who excelled at losing millions. In all, these ten lost over $1.2 billion. Yikes!!!!It's a pretty sad read -- full of over-spending, bad business decisions, bad personal decisions, shady managers and partners, and the like. […]

Reader Mailbag: Project Planning

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. Buy or sell townhouse? 2. Collection agency debt 3. Figuring out priorities 4. Tithing 5. Thrift store receipts 6. Repossession question 7. Steve Jobs biography 8. Rent versus buy 9. FSA question 10. […]

The Great Cost of Halloween Chocolate

This post is from staff writer Sarah Gilbert. Halloween is a big expense for many Americans, with national average estimates for 2011 topping $70 per person for costumes, decorations, and candy, up about $6 from last year to over $6.8 billion nationally. […]

EverBank Checking Account Offering $60 Cash Limited Time Bonus

As I’ve pointed out recently, banking customers have grown accustomed to the concept of free checking. Thanks to profits in the banking industry from a variety of sources, banks could justify offering checking account services, including debit cards, without charging any fees. […]

Money Leaks: Cell Phone Overtime Charges

Cell phones and cell phone service are already pricey but nothing compares to how much extra you’ll pay if you go over your plan’s minutes. A typical 450 minute plan from Verizon will cost you $39.99 before any taxes and fees. Use a single minute over 450 and expect to pay 45 cents a minute. A 250 text message plan will cost you $5 with each extra message at ten cents a pop. […]

23 Fantastic Uses for Apples

If an apple a day keeps the doctor away, think of what you can do with a bushel. From apple desserts and ciders to potpourri and candles, here are 23 things you can do and make with apples this fall. (See also: Curing Warts, Removing Splinters, and 19 Other Bizarre Uses for Banana Peels) 1. Carved Apple Candle Holders What a festive way to add mood lighting to your home! […]

Dye Your Own Hair Without a Beauty Disaster

Since the recession began, more and more Americans are trying home hair coloring for the first time. Even those who don't give up their professional colorist altogether are stretching the time between visits with at-home touch-ups, said Stacey Jones, a color expert who helped develop Sally Beauty Supply's house brand. Using chemicals at home — and trying to match the results of trained, experience […]

Why Reverse Mortgages Are Not a Retirement Option

Everyone has seen how housing prices have taken a nosedive in most markets across America since the start of the 2008 recession. Almost $3 trillion worth of equity has disappeared, and homes are now worth significantly less than what their owners paid for them. […]

Best Money Tips: Financial Advice for My Future Kids

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on financial advice for kids, steps to take when filing for bankruptcy, and how to deal with debt collection agencies. Top 5 Articles Financial Advice for My Future Kids — When teaching your kids about finance, be sure to teach them to make saving money a habit. […]

Don't Pre-Buy at Best Buy Unless You Want to Risk ID Theft

I love Batman. I always have. I think it's mostly because he's a super hero without super powers. Thus he has to rely on skill, cunning, training, and determination to get by. Oh yeah, and gadgets that are only affordable for a billionaire. Good thing he's loaded. ;-)As such, one of my all-time favorite video games is Batman: Arkham Asylum. […]

Join Our Tweetchat on Thu 10/27, 12pm Pacific for a Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win prizes! Use #WBChat to participate. This week's topic: Rebuilding Credit. Learn about applying for a secured credit card, reviewing your credit report for errors, and keeping your accounts open to show you can use credit responsibly. […]

Escape Student Loan Debt — Slowly

If you've got student loan debts that you'll never be able to pay off, you've now got a better chance to escape. It's still going to take a while. (See also: Wage Slave, Debt Slave) Under new rules that Obama announced today, students who can't afford to pay off their student loans will be able to cap their payments at 10% of their discretionary income. […]

Saving Pennies or Dollars? Investment Fees

Saving Pennies or Dollars is a new semi-regular series on The Simple Dollar, inspired by a great discussion on The Simple Dollar’s Facebook page concerning frugal tactics that might not really save that much money. […]

Reader Profile: KM

The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. […]

Four Ways to Save at Halloween

The expenses that come with Halloween are downright frightening. What used to be one of those second tier holidays is now a big expense. You have to purchase the costume in order to go to the party or maybe you’re hosting the party yourself. Halloween now comes with cards and with a card you may feel inclined to send money and let’s not forget the office party and the treats that go with it. […]

Obama’s New Student Loan Relief Plan – How Much Will It Help?

Will You See Any Relief? Today, the President reveals some changes to existing student loan provisions that were put forth in recent years. […]

Series I Savings Bond Rates – November 2011

This is just a quick note to say that September inflation numbers are out, so we can now calculate the new Series I Savings Bond rates that will go into effect in November. I’ve talked in the past about how to predict Savings Bond interest rates. The short answer is this: The I Bond rate is made up of two pieces: the fixed rate and the variable rate. […]

Help a Reader: When to Refinance

Here's an email I recently received from a reader: How much do you need to save to make a refinance worthwhile?  I have a home mortgage around 325k that I refinanced last year @4.875.  (The rate was a bit higher than the going rate as I increased the loan amount to pay off two rental property mortgages for tax reasons.)   I just inquired on a refinance and was presented with the following appro […]

The Simple Dollar Weekly Roundup: Naptime Edition

Lately, I’ve been experimenting with a half-hour long power nap in the middle of the day. It’s exactly as it sounds: I’m trying to sleep for a very short period during an energy lull in my day. What I’ve found is that some days it works like a charm and I’m ready to just tackle whatever comes my way. […]