Why I Buy New Cars

Every once in awhile, I get a question like this: I'm actually quite surprised you are considering getting rid of your current car and even more so that you are considering purchasing a NEW car! I'm in a similar situation with a '97 Honda Accord with 110,000 miles but highly doubt I would buy a new car. […]

Ask the Readers: What About Money DON'T You Know? (Chance to Win!)

Think you have ALL the answers? Chances are good that you don't! All of us have a chance to learn more than we already know, especially when it comes to money. Maybe you're unaware of the tax laws that could save your business money. […]

Help a Reader: Investing a Lump Sum

Here's an email I recently received from a reader: My wife and I are looking to max out our Roth IRA's for 2010 with one lump sum payment of $10k sometime before the end of this year. […]

When Customer Service Goes Awry

Recently, the credit union that handles our home mortgage had a bit of an issue. They called us up to inform us that our homeowners insurance had been cancelled, which was incredibly awkward considering we pay into an escrow account for our insurance and our insurance payments are taken straight from that account. What happened? […]

Carnival Hosts Needed

If you're a personal finance blogger and would like to drive some traffic to your site, do I have a deal for you. :-) I'm looking for the next round of hosts for the Best of Money Carnival.  It features only the ten best (in the opinion of the carnival host) money-related posts of the week -- giving readers the best of the best in personal finance. […]

S-Corporation Designations: Why and How

Last year, I mentioned my accountant saved me $15,000 by re-classifying my self-employment income from a limited liability corporation (LLC) to an S-corporation. I glossed over the process; in fact, getting to the $15,000 in tax savings was a bit more complicated than simply filing as an S-corporation. […]

Be Careful Who You Co-Sign With

When I first moved to Maryland for work, I rented an apartment with a friend of mine. He was a good roommate and a great friend, so much so that we even discussed buying a house together. We never got past the discussion phase because my parents recommended against it when I brought it up. His did as well. […]

Market Timing Doesn't Work. Yes, It Does. No, It Doesn't. Yes, It Does.

I've made it clear what my take is on market timing (I invest every month like clockwork whether the market is high or low). That said, I have taken some cash off the sidelines when the market has dipped, so some people could consider this market timing. […]

Where Frugal Writers Turn For Inspiration

As a writer, I know how costly my profession can be.  From workshops and conferences to special software for my computer, every purchase adds up and cuts into my already tight budget. I’m a big fan of self-learning.  I am particularly fond of books like New World Library’s A Writer’s Book Of Days: A Spirited Companion & Lively Muse for the Writing Life by Judy Reeves because it so […]

The Best of Money Carnival

The Best of Money Carnival is now up. Congrats to all participants and especially the winning post, How to Find Cars Under $1000. Enjoy! […]

Reader Mailbag: Birthday

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. Personal loans or credit cards 2. Maximizing savings return 3. Conflicted about parenthood 4. Education or savings 5. Motivating a twentysomething 6. Piano tools 7. Mobile home mortgage problem 8. Netflix and Hulu? 9. […]

Bank-Based Small-Dollar Loans: An Alternative to Payday Loans

Payday loans — your neighborhood loan shark in a retail box — have emerged as a hugely profitable underbelly to the banking business. Short-term loans with off-the-scale annual percentage rates that can exceed 500 percent are a growth industry in tough economic times; the industry raked in 42 billion dollars last year. […]

Ask Your Credit Card Company to Reverse Fees

Have you ever been hit by “accidental” credit card fees? By this, I mean fees that arose from an unintentional late payment, or some other mishap. I have. […]

Get Free Media Software for Your Windows PC

One of the advantages of Apple computers is that they come with pre-installed software like Apple's iLife. iLife includes programs for managing digital photos, editing home movies, producing music, and making websites. The great news is that Windows users no longer have to be left out of the fun. […]

Why You Should Follow Google's 20% Rule

Google is consistently mentioned as one of the greatest companies to work for, and it's not hard to see why. They have sweet perks, super-smart people creating products that millions of people use, and a unique mentality about work. It's that very mentality that drives their policy of 20% time. […]

Black Friday Onslaught: Truly Frugal Holidays

With the first cold weekend after the summer, I can tell just by looking around that people everywhere have begun thinking about the holiday season. I’m not talking about Veterans’ Day or Thanksgiving; Christmas is the day on people’s minds as they erect their gaudy displays. […]

How To Be A Smart Credit Card User (Infographic)

Recently, credit card companies appear to be offering sweeter terms for their rewards credit cards. If you’re someone who pays off their monthly card bills in full, then applying for this type of card makes total sense. You’re virtually earning either money (cash back) or items (from rewards points) for the spending you do on your card. […]

Use Charity Navigator to Research Charities

As we near the end of the year, you’ll inevitably start seeing year end tax tips type of posts (I promise you at least one before we close out 2010). Those year end tax tips will certainly recommend that you make some charitable contributions before the end of the year so that you can take advantage of the tax deduction for this year. […]

Budgeting For Mistakes

This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. How carefully do you budget? Do you account for every dime, or is there some wiggle room in your spending plan? Since I got on the wagon with tracking my spending, there’s no miscellaneous category in my budget anymore. […]