What Does an Allowance Pay For?

Melinda writes in: My twelve year old daughter and I are having a money war of sorts. At the start of the school year last month we went shopping for clothes together. I said she could spend $250 any way she chose as long as she got a certain number of items – some underwear, some socks, some jeans, some shirts, and so on. […]

The Crazy World of the FAFSA

I have been reading the best book I've ever read on preparing financially for college. The book is Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents and I'll be sharing a bit of it over the next several days. […]

ING Direct Offering 1% Cash Back on Debit Purchases

This is just a quick note to let you know that ING Direct is offering 1% cash back on Electric Orange debit card transactions. […]

Discover® More Card $100 Cashback Bonus

With an economy still slumping, it’s nice to see a positive sign every once in a while that things are slowly improving. Right now, these small advances seem to be coming from the credit card market, as issuers are battling it our for your business. […]

Paying Fees for Guaranteed Loan or Credit Cards

There are very few things in this world that I know for certain – New York sports teams will always be near the top of payroll lists and there’s no such thing as a guaranteed loan or a guaranteed credit card. So when I read about this scam, the scam sirens were going off like crazy in my head. […]

8 Ways to Save Money When Going Out to Eat

Having a meal out at a restaurant is a nice way to spend some time with family or friends and to avoid the hassle of having to prepare the meal yourself. However, with the economy the way it is, sometimes going out to eat can be a luxury that is not always affordable. Ask anyone who eats out regularly and they will tell you it isn’t easy on the budget. […]

Lesson 1: Pay Yourself First

The following is an excerpt from Lessons to My Children: Simple Life Lessons for Financial Success, Wealth, and Abundance. I especially like this lesson because it shows the power of saving as well as how time is your biggest investment ally. What is not started today is never finished tomorrow.Johann Wolfgang von Goethe You are your own greatest asset. […]

The Simple Dollar Weekly Roundup: Free Kindle Book Edition

If you’d like to read an electronic version of my latest book (and you’re in the United States), you can download it for free for the next few days in Amazon Kindle form. Just visit my book’s Kindle page and download! You don’t actually have to have a Kindle to read it. […]

Best Money Tips: Career Tips for Young People

Welcome to Wise Bread's Best Money Tips roundup! Today, we give you career advice for young people, three more uses for your phone's camera, shopping recommendations for generic vs. […]

Selling Investments in 2010 to Reset Your Cost Basis

A reader named Andrew recently wrote in with the following question about resetting your investment cost basis: There is a chance the capital gains tax can increase to 20% next year, so I was wondering if I could sell my stock at a gain to book my gains at 15% tax for this year and reset the cost basis for next year. I read IRS pub 550 and the wash sale definition only talks about selling at a los […]

Basic Tips for Investing in a Business

'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com In essence, that funny anecdote is right. […]

Who Really Owns Your Mortgage?

A family in New York is suing Citigroup. The bank’s mortgage servicing branch, CitiMortgage, is seeking a foreclosure claim against their house. The suit alleges that CitiMortgage does not own the mortgage, and can therefore not foreclose upon the property. […]

5 Rules for Planning Your Most Affordable Christmas Ever

Welcome to October! Before you know it, Christmas will be here. Personally, I think that the better prepared you are for Christmas, the more likely you are to enjoy it. Over the last few years our family has developed some internal rules that help us make decisions regarding Christmas. 1. […]

5 Smart Ways to Use Debt to Improve Your Life

Kimberly Palmer is the author of Generation Earn: The Young Professional’s Guide to Spending, Investing, and Giving Back, which was published by Ten Speed Press this week. The following post has been adapted from the book. She’s also the author of the Alpha Consumer blog at USNews.com, where she’ll be hosting book giveaways all week. […]

Where’s the Money, Honey? Why You MUST Track Your Spending

This is a guest post from Gail Vaz-Oxlade, the host of the popular Til Debt Do U$ Part on CNBC (Saturday nights at 10 and 10:30). Gail is a columnist for Yahoo Canada, Chatelaine, and Zoomer Magazine and blogs daily at her website, where she also offers terrific tools people can use to dig themselves out of the hole. […]

Volunteering Can Help Grow Your Career

Here's a piece that discusses the benefits of volunteering in order to get a job. The summary: With the average unemployment period now lasting eight-and-a-half months, many job seekers are grappling with ways to meaningfully bridge the gap between being out of work and getting hired, especially young adults who may lack experience. For some, the solution is volunteering. […]

Save Money On Lawn Care

When I was a kid, I never thought I would type the following sentence: I really enjoy yard work. Seriously.  I look forward to mowing the lawn, planting plants, raking leaves, and just spending time around the house, sprucing things up. I also like sharing money saving tips, and here are a few of mine, for saving money on lawn care.  These are things I actually do (or have done) to save money and […]

How To Get A Car Loan: Evaluate Financing Options

Do you need to finance a car purchase? If so, how do you plan to go about it? It’s always better to pay in full when you’re buying a car, if you can help it (it is a depreciating item after all). But for many people — especially during current economic times — this has been a tough thing to do. […]

The 4-1-1 on 401K withdrawal penalties

This guest post is brought to you courtesy of Leon Harris. He writes for Financialized, an investing and finance blog that offers an unbiased perspective on personal finance topics. Everyone knows that a 401K is set up almost exclusively as a retirement plan, and as such, it comes with some pretty hefty penalties for early withdrawal (which is to say, before the age of 59 1/2). […]