How to Not Be a Debt Slave

It's best not to get in debt at all, of course, but it's easy to accumulate debt without even really thinking about it. Your parents and guidance counselors tell you that a first-rate college education is worth it "no matter the cost," so you sign the loan papers to borrow whatever the financial aid office says you need to borrow. […]

Best Money Tips: How to Retire on the Cheap

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on how to retire on the cheap, ideas to increase your income, and dangers of leasing a car. Top 5 Articles Planning for Retirement: How to Retire on the Cheap — To retire on the cheap, make sure to take care of your body. […]

Will the IRS Disallow Backdoor Roth Contributions?

I’ve talked quite a bit about making “backdoor” Roth contributions if you’re over the income limits for contributing to a Roth IRA. In short, you can make a non-deductible contribution to a traditional and then immediately convert it into their Roth. This strategy has become so popular that mainstream publications such as Forbes have started talking about it. But is it legal? […]

Naming a Guardian for Your Kids

One of the hardest parts of drafting a will for many parents is naming who will be the guardian of their children. It's a terribly difficult decision (after all, who could do a better job of raising the children than they could? No one, right?) So instead of making a tough choice, they simply put it off and make no decision, and forego getting a will. This, of course, is a horrible move. […]

Applying for an MBA: Taking the GMAT (And Thoughts on the GRE)

The following is an excerpt from Your MBA Game Plan, Third Edition: Proven Strategies for Getting Into the Top Business Schools, © 2012 Omari Bouknight and Scott Shrum. It is reprinted with permission of the publisher, Career Press, Pompton Plains, NJ.  800-227-3371.  All rights reserved. […]

Read the Manual (30/365)

When my wife and I first got our Prius, we had a very difficult time getting the car to turn on. Now, this seems like a completely simple issue. Put in the key, right? Well, our Prius has a button on the dash that says “Power” instead of a key. […]

Super Bowl Buffalo Wing Recipe

Who doesn’t like wings? Even without any sauce what soever, they’re the perfect combination of crispy skin and delicious dark meat chicken that make it the perfect snack food – especially on Super Bowl Sunday. When it comes to wings, I prefer them to be unbreaded. This is partly because I don’t have a deep fryer and partly because I don’t like the greasiness of deep fried wings. […]

Can You Make Money Taking Surveys?

Yes, it’s true but before this ends up sounding like a bad informercial, let’s be clear. You’re not going to make a living taking surveys but if you’re looking for extra spending money, an income source for your emergency fund, or a way to pay for a piece of your family vacation, this may be worth a look. If you didn’t know that marketers would pay for your opinion, here’s how it works. […]

Kids & Money: Teach Your Kids about Credit Cards

For many parents, the idea of teaching their children about credit cards seems absurd. The thinking is that mentioning credit cards encourages irresponsible financial behavior. […]

Why Credit Cards Beat Debit Cards

Smart Money has a series listing ten things debit card issuers won't tell you. Of the ten, two of their points really stood out to me. They are: 4. "Credit cards can be a better deal than debit cards."For years, consumers have been told that debit cards have more benefits than credit cards. […]

How to Turn a Hobby Into a Business

Did you know there are over 20 million sole proprietorships in the United States, and those individual businesses account for about 80 percent of all small businesses? The entrepreneurial spirit has fueled innovation and economic growth in this country since its inception, and people today are keeping the spirit alive and well. […]

Target Arts + Culture: Free & Discounted Events

Much like Bank of America’s Museums on Us promotion, Target Arts + Culture is a program put on by Target in which you can get discounted or complimentary passes to a variety of arts and cultural sites in your area. The program isn’t nearly as widespread as Bank of America’s program but in many cities you can get discounted or free tickets to local venues. […]

Banks Are Not Your Friends

I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson Thanks to William Grootonk for the image. Yesterday, I was stunned to read a news report about how Freddie Mac denied people the ability to refinance, then made investments that earn them more money if people are unable to refinance. […]

Four Hidden Dangers of Leasing a Car

For some people, there is an appeal to leasing a car vs. purchasing it outright. Leasing a car is one way for many would-be car owners to be able to finance a more expensive car with a lower monthly payment than they would have otherwise been able to afford. This low monthly payment is not all it is cracked up to be, though. […]

Local Currencies to Replace the Dollar in Communities

It may be illegal for states to print money for commerce, but local communities have no such restriction from the federal government. And in some communities, local currencies have been successful, at least in gaining the support of some retailers and consumers. There’s no law of nature that says that an economy functions best when the broadest number of people use one currency exclusively. […]

Ask the Readers: How Often Do You Evaluate Your Budget?

Editor's Note: Congratulations to Katie, Earn Save Live, and Jesse for winning this week's contest! Having a budget is one of the key ways to keep your finances in check. Budgets help you create a clear picture of how to live within your means. It's important to evalute your budget from time to time to make adjustments as income sources change and expenses fluctuate. […]

Frugal Super Bowl Party Ideas

As with most years, the upcoming big game sends consumers frantically dashing to the store to stock up on paper supplies, good eats, and spirits to indulge in. Even with the annual sale pricing on common staples like corn chips, sodas, and little weenies, it can be a financial drain to go all out for the event. Since many of the most frugal ideas are also more creative — and fun! […]

How and Why I Sold Get Rich Slowly

When I started Get Rich Slowly — on 15 April 2006 — it made very little money. It earned a few pennies per day. Slowly, the income grew. A few pennies per day turned into a few dollars per day, and that turned into tens of dollars per day. Eventually I was making enough money from this site that I could quit my day job to blog full time. […]

Great Ways to Invest in Yourself

Most people are scared of investing because it involves risk. No matter how sure you are about a stock, mutual fund, or business opportunity, there’s always the chance that you could lose all your money. And that’s scary. So what if I told you there’s a way to invest with absolutely no risk? […]

Where to Stash Some Cash Where Only You Can Find It

Stashing money under a mattress is so cliche – but sometimes cliches have a kernel of good advice. You should keep a cache of cash around the house. But where? […]