Illusions and Reality

An old friend of mine that I’ll call David has this amazing gift for talking to people of all stripes. […]

Free Money Finance March Money Madness, Final Four

Here we go with the Final Four round of Free Money Finance March Money Madness (to follow all the action click on my March Money Madness category link and scroll down to read all the posts involved in this subject.) I've listed each "game" (one post versus another) in segments along with the wording provided by the author when the post was submitted. […]

Working With a Financial Adviser: Demystifying Certifications

This is a series on finding, selecting, and working with financial advisers or planners. Recently, I evaluated the types of financial professionals to help readers start on the right track. This article looks at the varied professional designations and certifications. With a number of organizations granting different types of financial certifications, it’s easy to get lost in a sea of letters. […]

Ask the Readers: Do You Still Have a Landline?

In an age where almost everyone has a cell phone, more and more people are opting to save money by getting rid of their landline. For many people, it makes more sense to rely solely on their cell phone than continuing to pay for a landline. […]

Borrowing From Your 401(k)

One of the oft-discussed cardinal sins in personal finance is to borrow from your 401(k), 403(b), or other eligible retirement accounts. The reasons against borrowing are obvious – those assets are for you to consume in retirement, not right now. […]

Save on Gas with Auto Maintenance

This post is from staff writer April Dykman. I’m awful at maintaining my vehicles. Spectacularly bad. I have always relied on someone else to take care of oil changes, check tire pressure, and whatever else cars need to have done on a regular basis. When it rains, I congratulate myself for having washed the car. I’m not into cars, obviously — never have been. […]

How Water Can Save You $977 a Year

Most of us eat out at least once a week. In fact, renowned culinary experts Zagat recently announced that although we are dining out less as a nation (due to the poor economy) we are still eating out an average of 3.1 times per week. That's the average of course, some of us are eating out daily. […]

Best Ways to Count (and Cash in) Your Change

What should you do with your loose change? The easiest way to turn your coins into currency is to let someone (or something) else do it for you. Some banks have coin-counting machines. But pinpointing what banks and which branches have this service isn't always simple. PNC Bank has a search filter to locate one of its coin counters. […]

Best Money Tips: Entertain Houseguests on a Budget

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on entertaining houseguests on a budget, ways to reduce your cell phone bill, and salary negotiation. Top 5 Articles How to Entertain Houseguests on a Budget — Entertain guests frugally by keeping your food and drink options simple. […]

6 Items You Might Have Forgot in Your Emergency Kit

Disaster preparedness has again jumped to the forefront following the recent earthquake and subsequent tsunami that devastated Japan's coastal regions. In the U.S., emergency management officials and others have long urged Americans to prepare for the unknown, from natural disasters to terrorist attacks. […]

Adjusting Our Life Insurance Coverage

About a year and a half ago, I wrote about how we decided on our life insurance needs. Recently, Neal mentioned that he has re-evaluated his own life insurance needs, and now we’re thinking about modifying our coverage as our circumstances have changed. The fact that we’re expecting a baby this summer has encouraged us to take another look at our finances. […]

Details on Millionaires

Get Rich Slowly has a great interview with Thomas Stanley, Co-Author of “The Millionaire Next Door” (one of the best personal finance books ever IMO) that has some really great quotes. I thought I'd share a few of them with you (in red) and give my comments on them. Here we go: Income only explains about 30% of the variation in wealth. […]

Mortgage interest deduction craziness

Let’s face it.  Mortgages are beasts. A mortgage is the largest loan that people are likely to take out in their lifetimes.  They’re also very expensive to acquire.  Most of the closing costs that are paid by the borrower are largely for the benefit of the lender.  The appraisal fee protects the lender’s judgment that the property is worth at least the amount of the contract price.  Title insuranc […]

“Beyond” Frugality

A few days ago, someone made the interesting comment that they’re “beyond frugality” in their personal finance journey. When I asked her what she meant by that, she made several comments along the lines of “focusing more on improving income” and “optimal use of time.” That phrase, “beyond frugality,” stuck in my head for the last few days. […]

Spare Change: Miscellaneous Flotch Edition

When I was in high school, my friend Sparky and I invented a new word: “flotch”. To us, flotch was just miscellaneous baggage, whether or physical or mental. In GRS parlance, it was Stuff. […]

What Would You Do with a Windfall?

In the spring issue of Schwab's On Investing magazine (which I get free), they asked 12,000 of their clients what they would do if they received $25,000 unexpectedly. […]

The Best of Money Carnival

The Best of Money Carnival is now up. Congrats to all participants and especially the winning post, 10 Things You Can Do Today to Spend More Wisely. Enjoy! […]

Durbin Amendment’s First Victims: Debit Reward Programs

The Durbin Amendment, which would limit debit interchange fees on debit cards to a mere 12 cents, is set to take effect soon but large banks are already cutting reward programs in anticipation of the amendment. If you have a reward debit card from a large bank (over $10 billion in assets), then expect to see them kill your reward program. […]

Get Ready for More Food Prices Inflation

One of the trends we saw through the end of 2010 — and one that is continuing in 2011 — is food prices inflation. Food prices have been rising. From floods in Pakistan to drought in Russia to rising demand for food in emerging market countries, it seems as though higher food prices are inevitable. The USDA reports that food prices increased 0.8% in 2010, and that they could rise 3% to 4% in 2011. […]

Charles Schwab Acquiring OptionsXpress

I’m not surprised that smaller trading firms attract the attention of the larger brokerages and banks. ING Direct acquired ShareBuilder (see my ShareBuilder review) in 2007. Today, OptionsXpress (see my OptionsXpress review) has announced that it will be acquired by Charles Schwab for $1 billion. […]