That Sneaky Bank Almost Got Me

It was as much luck as anything else, but I just managed to avoid $30 in bank charges. It's a good example of rule number one for avoiding bank fees: pay attention.  I'd actually gotten the document with the details I needed to know a month ago. I'd even looked at it. […]

Personal Balance Sheet, November 2010 ($494,715, +6.1%)

If you’ve been following Consumerism Commentary for some time, you may know that I post my balance sheet at the beginning of each month. I take this time to review my finances and determine whether I’m moving forward. In addition to my balance sheet, I review my expenses and income.I’ve been posting these monthly updates for more than seven years, with only a few breaks during that time. […]

Your Take: Should Online Purchases Be Taxed?

Right now, sales tax is only collected on online purchases if the vendor has a presence in your state. In the case of Amazon, sales tax is collected if the purchases are shipped to Kansas, Kentucky, New York, North Dakota, and Washington. […]

Ask the Readers: How Do You Build a Wardrobe on a Budget?

If you were building your wardrobe from scratch, how would you do it? Would you prioritize quality? Would you emphasize cost? Or is there some happy balance between the two? That’s what GRS reader author J.D. wants to know. He writes: I’m a 40-something guy who’s lost 40-something pounds over the past year. This is a good thing. But now my old clothes don’t fit. […]

Buying Coins From the Mint

Last night, I finally sat down and placed an order for some Presidential dollar coins from the US Mint. As I noted in a previous post, I’m very close to breaking through a reward tier on my Amex Delta credit card. In short, once I hit the prescribed spending level, I’ll receive a block of 10k bonus miles. But these aren’t regular bonus miles. […]

Americans Trying to Save Money by Cutting Back

Here are the results of a survey taken this past October that show Americans are cutting back on certain purchases to save money. 3,000 people were asked what money-saving techniques they’d used in the past six months and the results were compared to answers from June 2009. […]

How To Save Money For A Mid-Range Goal

I am not a fan of borrowing money, so it’s important that I plan for and save for mid-range goals.  I would define a mid-range goal as any major purchase or expense that I might have to make in the next 2 to 5 years. Right now, we’re focusing on saving enough money to buy a newer automobile for me, some new furniture for our youngest child, and a sprinkler system for our lawn. Obviously, some goa […]

Meet Meg Favreau, Our Senior Editor

Hi, I'm Meg. I joined the Wise Bread team as Senior Editor in late October, and I'm thrilled to be here. Wise Bread's motto – “living large on a small budget” — is at the core of my financial philosophy. […]

Best Places To Live In The U.S. For Long-Term Homeowners

This guest post was written by Henry Truc from Go Banking Rates, a website that publishes informative personal finance content and helpful tools, as well as the best interest rates on financial services nationwide. Finding the best cities, towns or other locations in the U.S. can be a bit difficult these days. First, the problem […]Best Places To Live In The U.S. […]

Love and Money Between Parents and Children

Parents want children to be financially independent when they turn into adults. Children want it as well, associating adulthood with financial independence. “I [began to think of myself as an adult] maybe when I was like 20,” said one young woman. […]

Spare Change: So Many Stories, So Little Time

Some weeks, there’s just too much to write about. This is one of those weeks. [Notice that I've fixed the grievous typo; no need to tell me about it again!] Not only is my brain percolating with my own ideas for articles, but the internet is abuzz with interesting stories about personal finance. […]

House Votes to Partially Extends Bush Tax Cuts

The House of Representatives passed a bill that would extend the Bush tax cuts for individuals making less than $200,000 and married couples making less than $250,000, the plan that Democrats and President Obama have favored. The vote was 234 to 188 with votes on mostly party lines. […]

Is Your Giving Down?

CNN Money notes that charitable giving by wealthy households was down big-time in 2009. The details: Average charitable giving by wealthy households sank 34.9% to $54,016 last year -- down from $83,034 in 2007, after adjusting for inflation. […]

Out With The Old, In With The New: Create a Five Year Sketch

Throughout the month of December, The Simple Dollar is posting a daily series focusing on specific activities you can do right now to set the stage for a great 2011. Out with the old, in with the new. 2. Create a five year sketch. What, exactly, is a five year sketch? It simply means a detailed picture of what you would like your life to be like in five years. It can be literally drawn. […]

Ignore Long-Term Care Planning at Your Peril

If my post titled Toileting and Retirement, Should I Purchase Long-Term Care Insurance? Part 1 wasn't enough to scare the you-know-what out of all of us (concerning the need to at least consider getting long-term care insurance), here's a piece from the NY Times that says you should ignore long-term care planning at your peril. […]

Reader Mailbag: Christmas Shopping

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. Pension benefit options 2. Unapplied mortgage funds 3. Moving and investing simultaneously 4. Underwater home and credit cards 5. Setting priorities 6. Toilet paper value 7. First time credit worries 8. […]

6 Simple Ways to Safeguard Against Bank Bullying

Reports showed that banks made $38 billion last year, which sounds beyond ridiculous. But there also hasn't been an easier time for us to eliminate all these fees either. Instead of being upset about an overdraft fee, why not just try to avoid the fees all together? […]

4 Essential Financial Tips For Kicking Off Your Career

The time had finally come: I was an adult. Sure, I could vote when I was 18 and buy beer when I turned 21, but this was different — very different. No more hitting snooze until my 10 a.m. financial management class. […]

3 Ways to Beat Holiday Shopping Stress

I can always tell when the holiday season is approaching; not only does a chill appear in the air, but automobile drivers appear much more anxious than normal, shouting remarks such as, "Move it buddy! Get out of my way!" followed by a series of shrill honks. […]