Applying for an MBA: Thoughts from University of Michigan Ross School of Business

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. […]

How to save money on gifts for your spouse

Next week I’ll have been married ten years to the best woman in the world.  (Yeah, I know — I’m biased.) We’ve gotten into the habit of letting each other know before we’re about to purchase something big — something that costs in the neighborhood of $150 or more.  When I tipped my plans to get a rather expensive 10th anniversary gift, my wife thought that we had better uses for the money at this […]

Join Our Tweetchat on Thu 1/26, 12pm Pacific for a Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win prizes! Use #WBChat to participate. This week's topic: Saving money on pets. Learn about keeping vet bills down, saving on food expenses, and spoiling your pet with toys without breaking the bank. […]

Why I See Very Few Movies in Theaters

This piece got me to thinking, especially these quotes: “I generally pay to see a movie with my kids once a year because the price is so high. I took all three children to see a matinee movie in September and it cost $36. That's a lot of money for one afternoon. Last year, all five of us attended a matinee showing in 3D and it was $60! […]

Make Your Own Dishwashing Detergent (24/365)

The reason that my photography intern and I decided to use virtually the same exact picture for this entry as entry #18 in this series (outlining powdered laundry detergent) is because the two recipes are very similar. Just simply mix together one cup of borax and one cup of baking soda or washing soda in a tub. […]

Squawkfox on Reality TV: Million Dollar Neighbourhood

It was a hot summer’s day when I was invited to be a ‘Money Saving Expert’ on the new reality TV series, Million Dollar Neighbourhood. Set in Aldergrove B.C., Million Dollar Neighbourhood challenges 100 families and encourages the community to come together to raise their collective net worth by a stunning one million dollars. […]

1 in 8 Millionaires Audited Last Year, and Other Tax Trivia

Who’s paying taxes? We all like to know — and we all like to make sure that everyone else is paying his or her “fair share” in taxes. One way to figure out whether or not people are paying what they’re supposed to is to take a look at who’s being audited. During fiscal year 2011, the IRS audited 1 in 8 millionaires. […]

Is a Graduate Degree Worth the Money?

One of the furious debates going on right now in the world of finance and money is the one over whether or not getting a college degree is “worth” it. And, of course, the debate only intensifies once you start talking about graduate and professional degrees. The reason that this is such a debatable subject is due to the fact that different degrees offer different advantages. […]

High Deductible Health Plans and Major Medical Bills

I spent yesterday at the hospital. Don’t worry, it sounds a lot worse than it was… Our oldest son had to have his tonsils and adenoids removed, so my wife and I were camped out in the outpatient surgical center for the better part of the day. In the end, everything went smoothly, and he’s on the road to recovery. But this isn’t a parenting or medical website. This is a financial website. […]

The Wealth of Auctioneers

Dr. Thomas Stanley (author of The Millionaire Next Door) recently noted that auctioneers are 10 times more likely to be millionaires than the average American. Why is this? Two factors -- high income and low expenses. Here's how Dr. […]

The Simple Dollar Weekly Roundup: Youth Activities Edition

Sometimes, I wonder what the line is between an appropriate amount of youth activities and too many activities is. My older children have tumbling/gymnastics one night a week, ice skating one night a week, soccer two nights a week when the weather is appropriate, and they both want to join tae kwon do which is one or two nights a week. What’s too much? I don’t think there is an answer. […]

She Spends Less Than She Earns: Zooey Deschanel

It’s not often that a young, female star of music, movie, and television can avoid financial scrutiny. Tales of financial woe tend to be much juicier, anyway. It’s not difficult to remember the Britney Spears train wreck. She couldn’t handle earning more than $700,000 a month. At least her antics kept her in the news. I’ve been recently enamored with Zooey Deschanel. […]

14 Tasty and Cheap Meals for One

I’ve always loved to cook, but when I was single it was chore. I mean, what’s the point of spending all that time in the kitchen cooking — then cleaning — if you’re the only person who’s going to enjoy the meal?  That was a poor philosophy to have, mostly because I didn’t put any effort into thinking of delicious dishes to prepare. […]

Credit Card Churning: Making the Most of Bonus Offers

What if you could earn hundreds of thousands of frequent flier miles without ever leaving the ground? It is possible. In fact, I have earned most of my miles this way by using a practice called credit card churning. This technique is considered somewhat controversial and is definitely not for everyone. […]

Best Money Tips: Financial Tips for Families

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on financial tips for families, how to negotiate rent in your current apartment, and tips for packing work lunches. Top 5 Articles Financial Tips for Families This Year — This year, make sure you take into consideration both retirement and college savings. […]

11 Cool Uses for a Tablet Computer

Tablets have taken the world by storm, and it seems like everybody wants one. And why wouldn’t they? They’re sleek, they're cool, and you can take them anywhere. It’s a great way to carry around your music, pictures, and videos. But other than that, how else are you going to use a tablet? Are you really going to drop $200–$500 for just another screen to stare at between commercial breaks? […]

Living on $50,000

Last month MSNBC did a series on "the median" -- what it takes to live on the median income of $50,000 a year in America. They started with this piece that makes a stunning discovery -- that making $50,000 in one part of the country isn't the same as making $50,000 in other parts of the country (can you read the sarcasm in that last sentence? […]

Consumer Financial Protection Bureau Wants Payday Loan Feedback

While the mainstream financial industry has faced a dizzying array of government and quasi-government regulations through most of the last one hundred years, non-bank financial products have, for the most part, evaded regulations. Catering to lower-income communities, payday loan storefronts and check cashing establishments have managed to justify their business models. […]