Can You Get A Mortgage Loan With Bad Credit?

Can you qualify for a mortgage loan with bad credit? These days, it sounds like a stupid question with an obvious answer, but let’s explore this topic. Some will say “of course not!” While others will say it’s impossible. But even if you have bad credit today, aren’t there ways to work towards getting that loan you want? […]

Daily Links and a Call for Blog Requests

As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. […]

Putting the Simple Back In

Making the simple complicated is commonplace; making the complicated simple, awesomely simple, that’s creativity. - Charles Mingus One of the biggest challenges I have in my life is balancing the simple and the complex. I tend to oscillate back and forth between the two. What usually happens is that I’ll have a period that’s simple for a while. […]

What People Would Spend to Save Their Pets

Several years ago I asked FMF readers how much they would be willing to spend to save their pet's life. As you might imagine, the answers covered a broad range. And of course, there was no way to determine any sort of general consensus from the responses. But now I've found one. […]

Chase Freedom Bonus Reward Categories – Summer ‘10

I recently received a flyer outlining the current bonus reward categories for the Chase Freedom card. For those that are unaware, Chase has decided to jump on the rotating reward category bandwagon with this card. Now instead of getting a higher level of rewards in a standard set of categories, the categories will change seasonally. […]

Help a Reader: Buying a House with Dad

Here's a question I recently received from a reader: I am in the process of buying a home. I was thinking of adding my dad as a co-owner. He's 64 years of old. What are the pros and cons? Any advice will be greatly appreciated. What's your advice for him? […]

Reader Mailbag: How Many Questions?

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. Replacing cable 2. Do-it-yourself wills 3. My no-generic items 4. Money goals after retirement 5. Tipping tip 6. Frugality and building relationships 7. 401(k), Social Security, and taxes 8. Selling a used car 9. […]

5 Frugal Ways For You and Your Kids to Spend Summer Vacation

Who says you can’t have fun unless you spend money?  Here at Generation X Finance, we are full of suggestions on how to stretch your dollars further.  Summer vacations are no exception.  If you can’t afford to take the kids to Disney World this year, why not opt to find a more frugal type of entertainment?  From summer reading programs to free movies, there are plenty of reasons t […]

The First Payday: Helping Your Teen Understand Money

Teens vary in their responses to getting a job. Some long for the freedom that having their own money promises. They want an increased cash flow for their clothing end entertainment budgets. Others are less than thrilled. […]

George Steinbrenner’s Heirs Inherit $1 Billion Tax Free

Whether or not you believe the New York Yankees have seen successful years because of or in spite of the team’s fabled owner, George Steinbrenner, you have to admit he has good, though of course unfortunate, timing. […]

Bank Error In Your Favor? No Such Thing!

Do you know what happens when the bank makes an error in you favor? Only one thing – headaches. If you ever check your balance and notice that you received a mysterious windfall, do yourself a favor and call your bank. Tell them that a mysterious deposit just appeared on your account and that it’s not yours, they need to investigate, and resolve it quickly. […]

How to Save Money While Traveling

This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at When I was packing for my trip to Argentina, a friend advised me, “Put everything you’re taking on the bed. Now put back half the clothes, and take twice the money.” Good advice. […]

When Bad Investments Happen to Good People

You’ve done everything you were supposed to do. You learned as much as you could about investing and you made (what you thought) were smart moves. But the investments didn’t work out. You lost money. Of course, you’re not the only one singing this tale of woe. Over the last 10 years, stock market investors haven’t done well at all. […]

Giving is a Complement to Wealth, Not a Hindrance

Here are some interesting findings from Stop Acting Rich: ...And Start Living Like A Real Millionaire regarding giving and wealth: Giving to charitable causes and wealth are complements, not substitutes, as logic might seem to dictate. Two groups of high-income producers were studied. Both groups were statistically identical in terms of income and age. […]

Join Our Tweetchat on 07/15, 4pm CDT for a Chance to Win Prizes

Link for teaser title: twitter-logo2_0_0.jpg Join our Tweetchat today from 4:00 – 4:45 pm CDT for lively conversation and a chance to win prizes! Today we're talking about frugal fitness -- how do you stay slim and in-shape on a budget? […]

Link Roundup – New Writer Edition

Tomorrow morning, a new staff writer will debut on FiveCentNickel. Many of you are probably already familiar with his work. His name is Neal Frankle, and he’s a CFP as well as the proprietor of Wealth Pilgrim. […]

Space Saving Furniture For Those Living In A Small Space

For those who’ve ever downsized or who’ve been living in a small home, the biggest issue has always been about space. To be frank, I prefer to have spacious surroundings (read: a bigger house), but I can also certainly appreciate the charms and simplicity of residing in a cozier place. […]

Planning for Budget Busters: Home Ownership

This video post is the third of a four-part series from staff writer Adam Baker. Baker previously featured a post on his own blog entitled Cost of Living Abroad: Dozens of Bloggers Share Their Expenses. Last week, I introduced the concept of a Budget Buster, which is any irregular expense that I fail to plan for. […]

The Obligations of Wealth

Connie writes in (I edited her question a bit to protect privacy): I recently married a business owner who had a net worth of around $10 million before we got married. He has lived in the same medium-sized town all of his life and has kept many of the same friends since his school years. Lately, though, he has noticed that a lot of them seem resentful of him. […]

Five Tips When Starting a New Job

The summer edition of the Charles Schwab On Investing magazine lists the following five tips when starting a new job: 1. Sign up for your employer's 401k.2. Make every effort to rebuild your emergency savings (if you drew them down while unemployed.)3. Reassess your budget.4. Claim the right number of withholding allowances.5. […]