Avoid the Blame Game—Take Responsibility for Your Financial Affairs

The following is an excerpt from Your Life & Your Money. We must become the change that we want to see in the world.—Mahatma Gandhi We live in an age of delusion. It seems to be the inherent nature of mankind. Our biggest delusion is a sense of entitlement. It permeates our country. […]

Bank of America $75 MyAccess Checking Incentive Bonus

There’s a “special limited-time online offer” for Bank of America credit card holders (I put that in quotes because these promotions come and go all the time) when they open a MyAccess Checking account online. It’s an online only offer of $75 when you open a new MyAccess Checking account and make a qualifying deposit. […]

Ask the Readers: If You Could Have One Wish (Chance to win $20!)

I often get emails from readers who tell me about their financial situations. Some are challenging, while others are heartbreaking. I have a hard time knowing what to say, and more often than not, it gets me thinking about what I would do if I had the power to do anything. […]

Cars Driven by Millionaires (And Me)

Here are some thoughts from the author of the Millionaire Next Door on car-buying habits of millionaires: 86% of those who drive prestige makes of motor vehicles are not millionaires [having an investment portfolio of $1M or more]. […]

Considering Buying a Multifamily House

I’m still a fan of the mobility and flexibility offered by renting a place to live rather than buying. I don’t know where I’ll be living in the next few years, and I wouldn’t want to deal with the expense and hassle of selling a house so soon after purchasing. Perhaps my evaluation of my situation is changing, however.I like the area where I live. […]

Finding the Rhythm

One of the biggest things that’s changed in my life since my financial turnaround and subsequent career changes is that I’m constantly involved in a lot more self-evaluation than I used to be. […]

4 Ways to Bug Your Boss for More Money – and Get It!

Everyone knows we're in a recession, but let's face it: You may deserve to get paid much more than what you're getting now! […]

How to Win the Lottery Without Paying a Penny for the Ticket

What would you do if you won the Lottery? That's a great question. One that we've ALL fantasized about at least once and probably have let our imaginations go wild in at least one conversation with friends or family. I'm not talking about scratch and win lotto tickets here. […]

6 Reasons Why Cash Is Still King

Lately, I've noticed more and more credit and debit cards being whipped out for transactions large and small. It's as if cash is becoming a rarity and folks don't even have $4 of the green stuff on them for a latte anymore. […]

When Does It Make Sense to Pay More For Quality?

My brain is slowly re-wiring itself now that I’m finally free of credit card debt, and I’m wondering about things that I never seriously considered before. I remember many years ago talking with a friend who tried explaining to me that it made sense to spend $600 on a pair of shoes, if they were high-quality enough to last for decades. […]

What is a Ten-Bagger?

I was reading my latest issue of the Motley Fool Stock Advisor when I saw them use a term I’ve always found entertaining – ten-bagger. The newsletter itself was talking about how Netflix has become a ten-bagger since David Gardner’s recommendation in 2004. […]

Insurance Basics: How to Save on Insurance

This is the second part in a short series about insurance basics. Last week, I explained how insurance works. Next week (or possibly the week after), I’ll offer some tips on car insurance. […]

Paying Down Debt With a HELOC

Are you swamped with high interest debt and looking for a solution? The airwaves are filled with ads for debt consolidation, but do you really need someone to do it for you? Why not do your own legwork and roll your debts into one low(er) interest loan? One option for consolidating your debt is rolling it into a HELOC. But first… You might have some questions. What is a HELOC? […]

Experience or Education: Which One Is More Valuable?

Here's an employment scenario from Yahoo: Bob and Joe are both applying for the same job. They each interview well, but Bob has 15 years' experience and no college degree, and Joe is fresh out of college with no experience. […]

Planning To Roll Over Your 401K To An IRA?

Years ago when I first worked the “front lines” talking to employees of some of the largest 401(k) plans, it seemed that many of the calls I received had something to do with employees who left or were leaving their employer. […]

What’s Necessary? What’s Not Necessary?

Naomi is trying to get a good picture of her actual spending and is using a very good process to get there. She’s run into a bit of a snag, though. I have reached a month of collecting receipts and preparing to organise it all in an Excel spreadsheet. Categorising by what type of expense will not be the difficult part for me, however deciding weather it was a ‘necessary’ spend is. […]

What to Do on a Home Final Walkthrough

The following is an excerpt from Buying a Home: The Missing Manual. Weeks—or sometimes months—can pass between the time you make an offer on a house and the day you take possession of it. […]

Pet Insurance Buys Peace of Mind

I’ve always said that I view insurance as protection against the catastrophic, not against the routine. It’s why I don’t have collision and comprehensive insurance on my car. So how does this change with pet insurance? Why do we have pet insurance on the little guy instead of self-insuring his health? I do this because I view Tobey as priceless. […]

Big Difference Between Average and Median Net Worths

Here's an interesting post from Thomas Stanley (the Millionaires Next Door author) that sheds some interesting light on average versus median net worths in the US: The average net worth of an American household is $434,782. […]

Best Money Tips: 7 Worthless Excuses for Not Saving

Welcome to Wise Bread's Best Money Tips roundup. Today, we destroy all those lame excuses for not saving, help you shop for a laptop, and give you the facts behind MLM opportunities. Top 5 Articles 7 Worthless Excuses for Not Saving — You heard her. Liz Pulliam Weston wants you to know that she’s not buying it. […]