Mortgage Rates at Record Low, Few Refinancing

In case you haven’t been paying attention… Freddie Mac says that mortgage rates have declined to a record low of 4.57% on a 30-year fixed rate loan. Interestingly, even with these historically low rates, there hasn’t been much action. Home values are down and many homeowners are upside down, and thus unable to refinance. Others can’t qualify given the higher underwriting standards. […]

Creating A Financial Timeline

The goal of the financial timeline is to plan for future major purchases. I define a major purchase as any item costing more than $1000. My financial timeline focuses on purchases to be made in the next 5 years. I create a list of items that I plan to purchase.  I am careful to consider items that might need replacing, such as the dishwasher or refrigerator, larger items like a n […]

Join Our Tweetchat on 7/8, 4:00 CDT For a Chance to Win Prizes

Link for teaser title: twitter-logo2_0_0.jpg Join our Tweetchat today from 4:00 – 4:45 pm CDT for lively conversation and a chance to win prizes! We are talking about DIY Recycled projects! […]

Great Offense AND Great Defense are the Keys to Wealth

Here's an interesting quote from Stop Acting Rich: ...And Start Living Like A Real Millionaire: In more than 80 percent of the cases, the husband in a millionaire household is the main breadwinner. […]

Reader Mailbag: Singing Bedtime Songs

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. Borrowing against life insurance 2. Splitting a property 3. Bankruptcy and loan modification 4. Tracking weight loss 5. How much down payment? 6. Helping someone drowning in debt 7. Spousal disharmony and debt repayment 8. […]

4 Smooth Moves for Graduates

ShareThisYou've graduated after four, six, or eight long years of college and now it's time to shout, "Hello world, I'm here!" You're eager to act, work and live like an adult and expect Mr. […]

Organic Groceries on a Budget

For years, I considered organic groceries to be out of reach and a poor use of our limited grocery monies. Now, several years into retirement and of the age where my husband and I both notice immediate physical results with every dietary change we make, I see things a bit differently. […]

Buying a New Car May Actually Be Cheaper Than a Used Car

Conventional wisdom has always taught us that springing for a new car instead of a slightly used car was a financial mistake. In fact, I’ve written about what you need to know before buying your next car and buying used over new was one of my key points. […]

Financial IQ Test: How Healthy Is Your Financial Plan?

  What aspects of personal finance does your financial plan cover? Are you focusing on the right things and bouncing your ideas off somebody knowledgeable and trustworthy? Does your financial plan excite you? […]

Federal Taxes on Bonus Pay

If I were still working at my corporate job, I would have received my bonus this month. I gave up this “extra” part of my pay, which I earned through working all of last year, for the benefit of working for myself. If this year were anything like what I’ve experienced in the past, people I know would complain that they’d rather not receive a bonus. […]

Share Expenses with Neighbors

We live in a townhouse with about 30 square feet of lawn. Seriously, it’s like a little patch in front of our house and about four square feet is taken up by this unidentifiable tree (it’s not unidentifiable by anyone, just me). So when our lawnmower kicked the bucket and one of my neighbors left his up at a cottage several hundred miles away, we chipped in to buy one from […]

Preparing for the Future: A Risk-Management Checklist

This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. […]

The Effect of Baby Boomer Retirements on the Stock Market

Have you ever thought about what will happen to the stock market as the Baby Boomers approach retirement and begin moving their money out of equities? I have, and I find the prospect a bit disconcerting. After all, markets are driven by supply and demand. […]

Time, Gas Costs, and Savings Trade-offs When Shopping for Groceries

To save money on food purchases, the author of Miserly Moms: Living Well on Less in a Tough Economy suggests people shop at several grocery stores, taking advantage of the sales at each. However, several questions come up regarding this strategy. Namely: Are the savings really that great? What about the costs of gas -- doesn't that negate much of the savings? […]

Big Family and Home Expenses Coming Up

Looks like there will be more than a few hits to our wallet over the next few months. It’s been a while since we’ve done some routine maintenance to a few things and so all of a sudden things are piling up that need some attention. Unfortunately, we’ve been deferring a few maintenance tasks over the last few years and it seems that a lot has caught up with us! […]

The Simple Dollar Is in Bookstores Today… And Here’s Some Free Bonuses for Buyers!

My new book, The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams, is now available in bookstores (I just saw it at a Barnes and Noble in the Des Moines, Iowa area and at the Borders in Ames, Iowa)! […]

Choosing a Target-Date Fund

This is a guest post from Edwin Choi, the founder of Mariposa Capital Management. Edwin is a fee-only investment advisor in Los Angeles and a long-time reader of GRS. Prior to starting Mariposa, Edwin Choi spent several years as a portfolio manager with Merrill Lynch in New York. So, you find the lazy way to invest very appealing: You like the simplicity and the long-term results. […]

Trusts and Wills Defined, Part 2: What is a Trust?

This article is reproduced by permission from Living Trusts for Everyone: Why a Will is Not the Way to Avoid Probate, Protect Heirs, and Settle Estates by Ronald Farrington Sharp, newly released by Allworth Press. © Ronald Farrington Sharp 2010. […]

Best Money Tips: 10 Best No-Alcohol Drinks

Welcome to Wise Bread's Best Money Tips roundup. Today, we share some fun drink recipes even the kids can enjoy, how to keep your SSN safe, and why you should be extra careful when checking into hotels. Top 5 Articles 10 Best No-Alcohol Drinks — Signed up to be a designated driver at your next party? No problem. […]

Stamp Prices: Proposed 2011 Increase

In case you haven’t heard, the US Postal Service has proposed raising stamp prices yet again. I guess we can consider ourselves lucky this time around, as we dodged the seemingly annual spring stamp price increase. This time around, they’re proposing a $0.02 increase in the price of a first class stamp ($0.44 to $0.46), effective January 2011. […]