A Young Entrepreneur Learns About Business

We’ve got a neighbor with an 11 year old child who’s an eager student of entrepreneurship. The first time I met this kid, he came to my door to sell wares for a school fund drive. After that, it would be one thing after another — selling his services as a photographer, planting seeds to grow plants which he’ll sell to the neighborhood, etc. […]

Great News - My Parents Are Debt Free!

I have some awesome news that I want to share with you  guys. My parents are debt free! I just got off the phone with my Dad, and he was so excited.  For more than two years, my Dad has been focused on paying off his mortgage.  Month after month, he made his regular payments, and then used every, extra available dollar to reduce his principal.  Today, he was able to walk into his credit union, han […]

Best of Personal Finance: The Cost of Things

By Andrea Dickson The Simple Dollar discusses the difference between saving at the cash register and saving in the long run with big purchases.  Bargaineering let's you know how much it costs to file for bankruptcy - who knew it cost anything? Mrs. […]

Help a Reader: Medical Billing Problem

Here's an email I recently received from a reader: At 23 years old, I recently had knee problems and went to an orthopedic practice for diagnosis. When I called for an appointment I was asked what insurance I had, and was given an appointment with and saw a doctor who was covered under my insurance - as would be expected. […]

Daily Links: Site Maintenance Edition

A quick word of warning: Get Rich Slowly will be undergoing site maintenance on Friday Monday, and may be sporadically unavailable. Please be patient. We’ll try to have everything back to normal as soon as possible. Meanwhile, here are some other sites around the web that you might want to explore: First up, Adam at Man vs. Debt has a tip for those who struggle with credit-card problems. […]

Need cheap or free construction materials? Go to a demolished housing development.

By Xin Lu Amidst the financial crisis, many home builders around the country have run out of financing.  Last week a bank decided to completely level 16 completed and partially built homes in Victorville, California because the builder defaulted on the project.  While this is unfortunate, some bargain hunters were able to pick up some extremely cheap construction materials and home fixtures. In t […]

The Stroop Effect and Your Wallet

Let’s try a little psychology experiment. In the image below, read out all of the colors, not the words themselves. You can say them out loud, or in your head. Now, try the same for this batch of colored words. Remember, say the color, not the word itself. It’s at least a bit harder, isn’t it? […]

Five quick and simple scams that could happen to you today

By Paul Michael Any long-time readers of Wise Bread know that I like to keep up-to-date on hustles, scams and con jobs. They change all the time, and new ones are invented daily. A US version of the UK show The Real Hustle has been trying out some very simple but effective cons on the American public, and they’re getting away with some serious money. Watch, learn and stay alert. […]

What is Forex Investing?

Almost any financial website these days (this one included -- through the Google ads on the site) have ads for Forex investing/trading. I see them all over. In addition, I fight them quite often as it seems sites that are into Forex investing like to leave spam on other websites to increase their search engine rankings. […]

The Cost of Filing for Bankruptcy

This morning I wrote about the different types of individual bankruptcy but I didn’t discuss how much they cost. Yep, even if you don’t have any money left and want to file for bankruptcy, there are costs involved! There are costs involved because bankruptcy involves the courts and the employees of the court have to get paid! […]

How Much Money Should You Save?

At CNNMoney, Walter Updegrave hosts an “Ask the Expert” column in which he fields reader questions. (Updegrave is an editor at Money Magazine.) Lionel from San Diego recently wrote in with a question that all of us have: What percentage of income should someone save in order to be considered financially responsible? […]

Two Affordable Alternatives to Small Plastic Trash Bags

By Myscha Theriault While I've found an alternative for large kitchen trash bags that I feel really great about, the use of the smaller plastic bags for bathroom trash has remained a hurtle I didn't know how to jump. The solution remained elusive. Until now. […]

New Debit Card for Teens and Parents - The Discover Current Card

Discover Prepaid Debit Card Gives Parents More Control Are you a parent looking to give your teen access to money while still maintaining spending limits and control? Do you want a card that can help your teen learn how to be responsible with money? […]

Stylish Coupon Organizers Giveaway

By Lynn Truong Two super cool companies approached us recently about introducing Wise Bread readers to their stylish coupons organizers. We know how our readers love to save money and look cool doing it, so we asked them to send us a few to give away.  Jenny McChesney, proprietor of PaperPosey.com, began selling greeting cards, scrapbooks, and stationery online in 2004. […]

What It Means to Be Self-Insured

Every once in awhile I mention the concept of being self-insured as part of a post on life insurance. Quite often, someone will leave a comment like "what's it mean to be self-insured?" So I thought I'd write a post on the subject. […]

Best Deals For Thursday 5/7/09

By Paul Michael Today's Wisebuy: Deluxe Home & Office Labeler 80% Off! Was $79.95, now $15.99 with Free s/h (buy.com) Save over $60. A sleek, contemporary mid-size handheld/desktop labeler. This advanced model features 2 fonts, with a clear 15 character x 1-line LCD display for easy viewing.   1. FREE Laptop Cooling Station (Save $49.99) Today Only. […]

Types of Individual Bankruptcy

Despite being in a recession, I haven’t seen a lot of personal bankruptcy stories. Many businesses are folding and personal bankruptcies have increased, but the mainstream media hasn’t published many sensational articles spotlighting a remarkable spike in bankruptcies. Does that mean it’s on the horizon? […]

Market Timing: You’re Doing it Wrong

A recent question-and-answer article from Money Magazine illustrates the problem with timing the market. While making money in the stock market is as “simple” as buying low and selling high, emotional reactions to the market often prevent that from being a feasible strategy. The question comes from an individual close to retirement, Heidi. […]

Lending Club Review and Account Opening Process

Peer-to-peer lending has become increasingly popular in recent years. In fact, the Harvard Business Review named it as one of their “breakout ideas” of 2009. While I’ve long been a skeptic of this sort of thing, I ultimately gave in and decided to find out what all the hype was about. Earlier this spring, I opened an account with Lending Club, and I’ve since started lending out money. […]

Why Would You Choose to Earn Less?

In March 2008, I quit a full time job that earned around $50,000 per year. I did not return to the workplace. My wife’s closest friend has a marketable college degree and a substantial amount of successful organizational experience. She’s made the active choice to be a stay at home mother to her two children, giving up that income. A friend of mine had a factory job that paid $12 an hour. […]