Help a Reader: Caring for In-Laws

Here's an email I recently received from a reader: My in-laws ran into some financial issues recently.  Father in Law is in his early 70's and and Mother in Law is in her mid 60's.  They are semi-retired as they still own a business that requires attention on a part time basis.  Due to financial concerns, the in-laws met with their children to discuss their issues (the meeting included children […]

Starting a Family Budget

If you like to know where your money is going or are trying to cut back a bit to save for something special, a budget may be a fantastic idea for you.  I personally created our budget so we could avoid lifestyle inflation and throw the extra money towards our long-term goals.  Families may want to create a budget to cover all of the normal expenses and family extras while still saving for long-ter […]

Kids and Money: Is a Prepaid Debit Card a Good Idea?

Payment with plastic has become the standard in our society. Even if you don’t use credit, chances are that you swipe a debit card. Getting used the idea of paying with plastic, and learning how to deal with money that is more abstract than cash, is important. Teenagers need to learn how to track their spending, even when they don’t hand over cash. […]

I Joined a Credit Union

Well, I finally bit the bullet and joined a credit union. Many readers here have suggested I do so (they have actually raved about credit unions). I was waiting to find the right one with the right offer, and once I did, I pounced.Specifically, I signed up because the credit union had a "4% Max Checking" offer. Basically, they pay 4% interest on up to $15,000 in the account each month. […]

Full-Year Budgeting for Teachers

The school year within the United States public education system lasts about ten months, so some teachers face an interesting budgeting issue that most American workers do not. The first issue is handling a below-average paycheck. […]

Expenses You Are Paying Too Much For

We all want to save money. That’s a fact. In the midst of planning for retirement, paying bills and other expenses, and hoping to have a little left over for some fun, even the most anal retentive budgeters cannot perfectly master the art of financial management. And the truth is, it’s tough. […]

The Value of Money

As I’ve mentioned before, the single most valuable personal finance book I’ve ever read is Your Money or Your Life by Joe Dominguez and Vicki Robin. […]

Time is Money: Get Started Now

Over the past two years, I’ve forged a friendship with a decades-younger member of the opposite gender. It’s clear from our talks that she views me as a mentor. […]

Mistaken or Stolen Identity in Debt Collector Mixup

Last week, Reader Anthony sent me a most puzzling email and one that kind of hit home for me. He has a fairly common name, much like Jim Wang is pretty common, and he’s been getting debt collection calls for another Anthony who lives in the same geographic area, shares the same exact name (including middle initial), and has fallen behind on some debts. […]

Hourly vs. Salary: Which is Better?

By April Dykman I had a conversation with a friend, we’ll call him Joel, who had two job offers. One was a low-stress 9-to-5 gig, but paid $10,000 less than the other offer, which would require longer hours and greater responsibility. He didn’t like a lot of things about the higher paying position, but he accepted the offer because it was more in line with the salary at his last job. […]

Ask The Readers: When Did You Start Saving For Retirement?

The topic of retirement comes up quite a bit in the personal finance world. With people concerned as to whether or not they will receive social security checks once they retire, more and more people are understanding the importance of making sure to save money so they can support themselves in retirement. When did you start saving for retirement?  Was it when you got your first job? […]

Live Where It's Cheap

More effective than giving up luxuries, using coupons, choosing store brands, or buying in bulk, the most powerful enabler of frugal living is to live where it's cheap. (See also: Voluntary Simplicity as Hedonism) For basic stuff like rent and food, it can easily cost two or three times as much to live where it's expensive. […]

Frugal Fourth of July Party Ideas

Growing up, Fourth of July was one of my favorite holidays. I lived in rural New Hampshire at the time, an area that isn't exactly known for having a lot to do. […]

Best Money Tips: Ways to Unblock Writer's Block

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on ways to unblock writer's block, advice for new grads, and ways waiting helps you save. Top 5 Articles 5 Ridiculously Easy Ways To Unblock Writer's Block — Overcome writer's block by writing for someone else. […]

What Grocery Store Has the Best Prices?

A few months ago I wrote about how Walmart claimed to save people money even if they never shopped in Walmart stores. Then recently I found a similar claim in an Aldi Sunday ad.The top part of the ad featured a bar chart and read "% who attribute their favorite grocer with providing low prices". […]

The People Who Do Matter

One of the biggest themes of The Simple Dollar is how you should stop caring what other people think. This is one of the most valuable things I’ve ever done in my life. […]

Why You Left

The following is an excerpt reprinted with permission from What Color Is Your Parachute? Guide to Job-Hunting Online, Sixth Edition: Blogging, Career Sites, Gateways, Getting Interviews, Job Boards, Job Search ... Resumes, Research Sites, Social Networking. Copyright © 2011 by Mark Emery Bolles and Richard Nelson Bolles, Ten Speed Press, an imprint of the Crown Publishing Group, Berkeley, CA. […]

Single Letter Stock Tickers

Last week, Pandora IPO’s on the stock market with a single letter stock ticker – P. It thus joined a “prestigious” group of fewer than 26 companies to have a single letter stock ticker. Other members include Agilent, Macy’s, Ford (back from the dead), and Visa. Does it really matter if you have a single letter? […]

Lending Club Update – May 2011 Performance

I finally got around to updating Quicken over the weekend, so I thought I’d put together another update of Lending Club investment performance, this time covering through the end of May. I neglected to note my net annualized return (NAR) at the end of the month, but it was in the mid-8% range. […]

Finances in 55 Seconds: Do You Need to Rebalance Your Portfolio?

While it would be nice if you could just “set it and forget it” in the world of investing, the strategy rarely works. […]