Help a Reader: Two Mortgages

Here's an email I recently received from a reader: Here is our current financial situation: I am 30; my husband is 31.  We have $50,000 in emergency savings and $25,000 in a separate brokerage account invested in various stocks, bonds, and index funds.  My husband fully funds his Roth 401(k); it has a current balance of about $50,000.  We both fully fund our Roth IRAs each year; I […]

With Free Television & Low Cost Internet Access, Save $100 A Month

When you are in debt elimination mode, one of the first things you should consider doing is to create a budget for your spending categories. This is so that you can see where all of your money is going and so that you can find places where you can free up some money. One of the first things I did when I began this process was to look at my spending for cable, phone, and internet. […]

Win a Ticket to the I_Blog Conference!

Do you blog? If you would like to learn more about monetization, networking, and taking beautiful photos, you will love the annual I_Blog Conference taking place again this year in Perry, Iowa! […]

Stop cell phone data charges dead in their tracks

function sbmgValidateFormPostPg20(name,email) { var name_fld = document.getElementById('sbmgValidateFormPostPg20' + '_' + name); var email_fld = document.getElementById('sbmgValidateFormPostPg20' + '_' + email); var reg = /^([A-Za-z0-9_\-\.])+\@([A-Za-z0-9_\-\.])+\.([A-Za-z]{2,4})$/; var msg = ''; if ( name_fld.value == '' ) msg = '- Name Required\n'; if ( reg.tes […]

The Meaning

For the past several days, my cousin and her two sons stayed at our house. It was something I’d been looking forward to for a long time, as she’d never been able to visit us until now. I was very close to this cousin of mine (let’s call her Laurie) when I was a child, but as we both grew into adulthood, we drifted apart for various reasons. […]

Common Work Options for Early Semi-Retirees

We've been talking about the book Work Less, Live More: The Way to Semi-Retirement. Basically, early semi-retirement is a concept where you cut back your spending, quit your job and through a combination of working a bit (part-time) and savings, you work a very reduced number of hours each week. […]

I Spend One Day Managing Finances And Then Enjoy The Month

My current system for managing our household finances is super-simple.  Here’s the entire process: Monthly Review On the last day of each month, I review that month’s budget, income, and expenses.  I make a note of any budget overages or shortfalls  I also balance our checkbook. Budget Creation After reviewing our budget, I use the awesome You Need A Budget software to create a zero-based budget […]

Monday’s Money Deals: Home Theater, Patio and Free Cookies

Entertain guests with a new patio furniture set and entertain yourself with new speakers or a digital receiver for your home theater set-up. We've spotted deals on antivirus software and food - and some cool free stuff. […]

Family & Friends Mugged Abroad Scam

As more and more people use Facebook and other social networks, the probability that someone you know will be ensnared by a phishing email grows. Phishing, as it applies to this case, is when someone tries to steal your login credentials by sending you an email that looks like it’s from the network itself. […]

Four Keys to Making the Most of College

I have been reading the best book I've ever read on preparing financially for college. The book is Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents and I'll be sharing a bit of it over the next several days. […]

New Rules of Budgeting: Focus on Your Dreams

ShareThisThe following post is an adapted excerpt from Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, a new book by Kimberly Palmer. Let’s face it, old-school budgets are boring. Numbers, restrictions, lists, blah. […]

The Best of Money Carnival

The Best of Money Carnival is now up. Congrats to all participants and especially the winning post, The Save 10% for Retirement Rule Is Stupid. Enjoy! […]

Reader Mailbag: Mondays?

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. Rent-to-own apartments and homes 2. Retire now or later? 3. Roth IRA for teenager 4. Managing money while traveling abroad 5. Life insurance misinformation 6. Moving forward in bad economy 7. Pay off line of credit? 8. […]

3 Sources for Freelance Work at Home Jobs

Freelance work at home jobs are easier dreamed about than found, it sometimes seems. Between scouring countless classified ads, fishing out the scams from the legitimate opportunities, sending query letters and follow ups, there’s hardly any time left over to actually find the work. […]

Giving to Charity: Time vs. Money

Charitable Contributions of Time and Money Are Equally Helpful Have you been thinking about donating to a charity, or looking for a new way to give back to your community? If you’re like many Americans these days, you may be on a tight budget and feel like it’s difficult to come up with the extra money to give. […]

How to Winterize Your Home for Maximum Savings

The heat of summer is fading fast and fall temps may be prompting some around the country to start turning up the thermostat. […]

Sue Your Broker When Your Investments Lose Value

I know Larry Hagman from watching re-runs of I Dream of Jeannie, but he’s apparently better known as the answer to the question, “Who played J.R.?”. Hagman’s now in the news, not because his next movie is in production, but because he has won $1.1 million plus legal fees in a suit against Citigroup. That’s not all. […]

Nigerian 419 Scams

One of the oldest scams is the book is the advance-fee fraud, more commonly known as Nigerian 419 scam after its huge use by Nigerians in the last decade or so (419 is the part of the Nigerian Criminal Code that covers this frime). […]

DIY Personal Finance: How to Take Control of Your Financial Life

This story originally appeared on Boing Boing in slightly different form. It’s my favorite article I’ve ever written. I’m not a trained financial professional; I don’t have a degree in finance, and I’m not a certified financial planner. I have no formal training. I’m just an average guy who was deep in debt, and finally got fed up with his situation. […]