Where Cheap is Chic

By Nora Dunn Cheap: Once considered a derogatory term, this word refers to the act of trying to save money wherever possible. Cheapist: Somebody who supports acts of being cheap. Cheapism: A way of life.   The Premise is a free service that helps consumers find the best of the cheapest items, weeding out cheap junk in favor of quality inexpensive items. […]

Ignoring the IRS Doesn’t Make Them Go Away

When you owe somebody money and can't pay, ignoring them is usually not your best course of action. But ignoring the IRS is NEVER your best course of action. […]

Way to Save #107: Blanket Your Water Heater

Stay out of hot water. You can buy a water heater blanket for about $15 that will save you about $50 per year. And while you’re at it, insulate the pipes as well. If you can set your water heater to only be used at certain times of the day and turned off at night, [...] […]

I Will Teach You to Be Rich, a Six-Week Boot Camp With Ramit Sethi

While I was in California this past week, I spent a few days at my brother’s new apartment before his wedding this past Saturday. Among the piles of books not yet placed into a bookcase was something familiar: I Will Teach You to Be Rich by Ramit Sethi (review here). Ramit is a colleague of mine, a personal finance blogger who published a book that quickly became a favorite. […]

Helping Other Children Learn About Money

Megan writes in: I’m by far the most financially sensible person in my family. I spend far less than I earn, yet I’m happy with the things I do have. […]

Can You Buy Your Way Out of the Rat Race?

By Philip Brewer If you're tracking your spending, you know how much money it takes to live on. If you're tracking your investments, you know about how much return you're getting from your capital. […]

How to Save Money on Vacations

In December, we’ll be celebrating our 3 year anniversary. Our little tradition so far has been taking a vacation. Since we’re getting a townhouse a month before our vacation, however, we’re scaling back a bit this year. […]

I Will Teach You To Be Rich Bootcamp: Improve Your Financial IQ

Did you love the book “I Will Teach You To Be Rich”? Even if you haven’t had a chance to read it, I’m hoping that you’ll find this post helpful. This is a time sensitive post and you’ll know why in a second. You may have noticed the new prominent banner I have on my sidebar, advertising the first of its kind personal finance boot camp. […]

The Regrets of Christmas Past

This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the advisor for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Every summer, my wife and I cull our closets for stuff we and our kids no longer use. […]

Conduct a Financial Fire Drill

Think back to elementary school, can you remember how many times your school had a fire drill? They were never announced ahead of time, the bells just rang, everyone got up, lined up, and left the building in an orderly fashion. Everyone knew what they were supposed to do because it was scripted ahead of time. No one panicked because we always assumed it was a drill, even when it wasn’t. […]

Spend Money to Save Money: Smart Power Meters

We all have power meters attached to the buildings in which we live, and the little needle keeps spinning around and around, ad nauseum, at least until solar panels become affordable. I recently read a story of a family who managed to install solar panels, and while that would normally have cost over $20,000, with various national and state rebate programs, they only spent $8,000. Wow. […]

The World's Best Places to Retire

One of my ten most-hated money saving tips is move to a foreign country. Separately, I've suggested retirees can afford to retire by moving to a foreign country (when they aren't able to retire here in the US.) Both of these ideas are built upon cost savings -- that it's cheaper to live in a foreign country. […]

Where To Invest Extra Cash and Savings Today

Have you got some extra cash you’ve squirreled away, waiting to be put to good use? If you’ve got your debt paid down and your emergency fund taken care of, and you’re fortunate enough to have additional disposable income or a windfall to work with, then here are a few ideas about where to put that cash. Savings account rates are not exactly where we want them right now. […]

PFHour #26: Financial Rules of Thumb

It’s Monday and that means we have another episode of the Personal Finance Hour where JD of Get Rich Slowly and I will discuss financial rules of thumb. I’ve always believed that rules of thumb are a good way to get a quick handle on a decision but it can’t be your only handle. You need to do a proper analysis of the situation before you make a decision. […]

The Personal Finance Hour, Episode 26: Financial Rules of Thumb

On today’s episode of The Personal Finance Hour, I’ll join Jim from Bargaineering to discuss financial rules of thumb. […]

Intelligence Still Linked to Income, Not Wealth

In the book The Difference: How Anyone Can Prosper in Even The Toughest Times, author Jean Chatzky details a 2007 study done by Ohio State scientist Jay Zagorsky that looked at the relationship between intelligence and wealth. […]

The Stumble

It happens to the best of us. We resolve to make some change in our life and, for the first month or two, it goes great. We see real progress in the area we want to change. And then it happens. We give into temptation and make a mistake – sometimes a big one. We devour half of a Sara Lee pound cake after two weeks of careful dieting on raw foods. […]

How to Earn Income for the Rest of Your Life: The Good, Bad, and Ugly of Annuities

It wasn’t long ago that employees were rewarded for their loyalty to a company with a pension. For you younger readers the word pension may seem like it’s from a foreign language. It’s true, and in recent years the classic pension plans have been dwindling. Pension plans had a very unique feature that most retirement plans today lack: income for life. […]

Consider Prepaid Cell Phones

When you think of prepaid cell phones, what do you think of? If you’ve watched The Wire on HBO, a gritty drama about life in Baltimore, you associate them with drug dealers. If you were a fan of the Sopranos, you knew they were good for avoiding wiretaps. If you haven’t seen either, chances are you don’t associate them with anything. […]

How's Your Net Worth Doing?

This blog has been about one thing from day one: helping you grow your net worth. So maybe it's time for a bit of a net worth check-up, huh? The reason I'm bringing up the issue now is that I'm seeing a lot of pieces on net worth today versus what people used to have. For instance, the MSNBC article says that net worth is up but still way below what it once was. […]