How to Give Your Kids $25,000 at Graduation

Here's a piece on how one couple gave their kids $25,000 ($25k to each kid) when the kids graduated from college (which they did debt free, BTW). The steps of how they did it: When their kids were born, they asked friends and family to give them cash for the kids' future instead of toys and other gifts. […]

Never Cosign a Loan Unless You Want to Pay It Yourself

One of the most common questions I get is whether or not a person should cosign on someone else’s loan – a car loan, a student loan, or so on. I have a single response that I always give to this type of question: You should only co-sign a loan that you’re perfectly happy paying off yourself. If you would be unhappy with being forced to pay for the loan yourself, then you should not be cosigning th […]

10 Ways to Save Computing Power

ShareThisLurking within your office and home is a group of workaholics that are costing you money. Who are these offenders? They're your computer system. The average computer wastes roughly half the power it draws from its energy source. […]

How to Pay More Than You Should: Stop Paying Attention

In March, I wrote about reducing the amount of automation in handling personal finances. Leaving your payments on auto-pilot is asking for trouble. Leaving your brain out of the decision-making process is a sure way to rack up overdraft fees when you don’t have enough funding to pay an automatic bill.Also in March, I canceled collision coverage on my auto insurance. […]

Credit Cards with Concierge Service

How would you like a personal assistant for free? Lost? Can’t figure out your GPS? Don’t have a GPS? Ring up your credit card’s concierge service and ask! Need tickets to a show? What about tickets to another country? […]

Grow Your Savings by Paying in Full

This post is from GRS staff writer April Dykman. In the past six months, I’ve spent more money on personal development than I have in my entire life. I’ve also spent considerable amounts on laptops and on a holistic wellness program. […]

15 Things Not to Buy in Bulk

I've noted before that if you buy the right things, then warehouse club stores can save you a bundle. Much of these savings are generated because club stores allow you to buy in bulk, which usually (though not always -- do the math) reflects a lower price per unit than if you bought smaller sizes. But there are some things you shouldn't buy in bulk according to Smart Spending. They are: 1. […]

How Much Do We Need for Retirement?

As we’ve been working on improving our finances this year, we’ve been looking at our retirement savings. Even though we’re still in our twenties (barely) and retirement is decades away, we still planning ahead. […]

Sallie Mae Increases Interest Rate and 10% Upromise Bonus

Earlier today, Sallie Mae Bank increased the interest rate offered on its savings account 50 basis points to 1.4% APY. This is one of the highest interest rates available. I’ve shared my thoughts about opening a Sallie Mae Bank savings account in this review.Sallie Mae ties directly into the Upromise savings plan, a program which gives you cash back for purchases. […]

Is Buying a Car through Costco a Good Deal?

In the April issue of the Costco Connection, they tout their car buying service with the following facts and figures: 96.5% rated the professionalism of the authorized dealer contact as "good to excellent." (86.4% said "excellent) 96.4% would recommend the Costco Auto Program to others 96.3% rated the value of the Costco Auto Program "good to excellent" (84% rated it "excellent") 20 […]

Why You Shouldn’t Buy Gold as a “Hedge” Against Devastation

Shaun writes in: You need to be telling your readers to invest in gold because the dollar is about to become worthless. I wrote about this idea a year and a half ago. […]

Last Minute Food Shopping Tips: Shop Late For Big Savings!

How I push the envelope on food shopping. Don’t you just love a bargain? I do, which is why I’ve started doing my food shopping later in the day. I’ve instilled two rules into my food shopping expeditions of late, and they apply no matter what shop I go in. […]

Should ATM Fees be Capped?

According to the Wall Street Journal, Senator Tom Harkin of Iowa has introduced an amendment to the financial reform legislation that would cap fees for ATM withdrawals at $0.50 per transaction. Banks are currently charging an average of $2.66, so capping the withdrawal fee would remove a huge cash cow from the banking industry. […]

Best of Money Carnival

This week's the Best of Money Carnival is now up. Congrats to all participants and especially the winning post, 6 Financial Lessons From Johnny Appleseed. Enjoy! […]

New Server Test

Testing. This post should only show up on the new server. If you’re reading this you’re viewing the site on the new server. Stay tuned for updates shortly! About the Author: Jeremy is a retirement planning specialist and founder of Generation X Finance and the guide to Financial Planning at To learn more, follow Jeremy on Twitter.New Server Test […]

Sovereign Bank $150 Checking Promotion

If you live in the northeastern United States, need a bank account, and could use an extra hundred fifty bucks… do I have a bank deal for you. Sovereign Bank is offering a $150 cash bonus for new checking and savings account customers. The requirements are fairly standard – setup a checking and a savings account, enroll in online banking, and make five debit card transactions. […]

Help a Reader: Getting an MBA

Here's an email I recently received from a reader: I am in my mid-thirties with an Engineering background in IT. For the last 3 years, I have been in a managerial position. […]

Reader Mailbag: Travel

Did you know that ten hours of road travel with a four year old, a two year old, and a newborn is a really bad idea? I have just signed a loan modification for my (large) mortgage. They fortunately gave me a starting payment at 2% for the first 5 years. I have been able to pay up ALL of my bills (no credit cards or outstanding debt) and have $2000.00 in savings. […]

Keep Your Family Safe with these 6 Must-Have Smartphone Apps

Everyone wants their home to be a haven from dangers, and thanks to a recent roundup of some of the best smart phone apps designed to  keep you safe, you can sleep a little sounder tonight!  Check out 2 of the 6 that we recommended in a recent My Life Scoop article! WebMD Mobile Cost: Free Compability: iPhone While a smart phone app can ne […]