52 Uses For Rubber Bands

The simple rubber (or elastic) band is one of those nifty little items that costs next to nothing and yet has so many uses. There's always a bag of them in our junk drawer, and I also make sure my office drawer has a plentiful supply, too. But just how versatile is that modest rubber band? Well, I thought I'd do a little digging. […]

Book Review: One Year to an Organized Financial Life

There's a reason we tend to talk about getting our finances in order. More often than not, the first issue we have to deal with is organization. […]

A Money Rebuilding Year

In every professional sport, there’s a concept of a “rebuilding year.” These are the years where the team is working on drafting good prospects, building up their young talent, and crafting a competitive championship-caliber team piece by piece. […]

The Snowball: How Compounding Affects Money, Knowledge, and Life

This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. Happy anniversary to…well, all of us, I guess. This post marks my one-year (and five days) anniversary of being a contributor to Get Rich Slowly. It’s been a hoot. […]

FCC Considering Regulation to Stop Surprise Phone Bills

As the story goes, I was about fifteen when I started getting involved with online communities. At that time, however, being online meant using a slow modem to dial various bulletin boards over a regular telephone line. My problem was that I didn’t realize that I was dialing long distance phone numbers. […]

An Example of How to Get Rich on an Average Salary

Here's another example of the fact that anyone can become wealthy with even an average salary -- as long as they spend less than they earn. This story comes to us from the Wall Street Journal. The summary: Jimmie Dean (not to be confused with the sausage magnate) worked for 33 years as a technician at Phillips Petroleum. The most he ever earned was around $50,000 a year. […]

Five Common 529 College Savings Plan Myths

529 college savings plan are to college savings what Roth IRAs are to retirement savings. You make after-tax contributions and qualified distributions in the future come out entirely tax free. All in all, it’s a great deal. As great as these accounts are, however, there are a lot of misconceptions out there about exactly how they work. […]

The 7 Biggest Money Problems Most People Have

These Money Problems Can Prevent You From Building Wealth Building wealth is a part of the American Dream. We’re told that through hard work and seizing opportunities we can lead successful, healthy, and wealthy lives. But building wealth isn’t important just for the sake of having money. In fact, it’s almost a requirement these days if you want to fully retire at some point. […]

After I Do My Taxes, How Does My Tax Return Get Processed?

Each year after I do my taxes, I’ve often wondered what happens to my tax return after it reaches the IRS. Well, I procured some answers from a guest writer who offered me the following nuggets of information. What happens after you file your tax return depends first and foremost on whether the IRS is satisfied with some of the basic information that you provided. […]

2010 New Graduate Guide: Coming Soon!

Whoops! It looks like I jumped the gun a little in my preparation for a new series next week – the Bargaineering 2010 New Graduate Guide. […]

Help a Reader: Calculating Net Worth

Here's an email I recently received from a reader: My husband and I are both retired from the military.  Between the two of us, we get $62,000 a year in retirement.  When we die, the money stops.  I am trying to figure out how this amount works into our net worth.  If I had an actual pot of money with $1,550,000 in it, and withdrew 4% a year, it would come out to $62,000.  Can I reasonably calc […]

The Myth of the Tax Deduction

Most of the time, when I talk about the implications of various debt repayment options on The Simple Dollar, I utterly ignore tax deductions. This is not an oversight. Usually, it just makes a situation needlessly more complicated and takes the “simple” out of The Simple Dollar. As is often the case, astute readers email me about this. […]

7 Tips to Finding the Grill of Your Dreams

Comparing today's grills to those of yesteryear is like comparing a Ferrari to a Model T. Here's a quick guide to finding the grill of your dreams. […]

Sallie Mae Increases Interest Rate to 1.40% APY

Salle Mae Bank, which recently began offering their Sallie Mae online savings account, recently announced they were increasing their interest rate from 1.25% APY to 1.40% APY, putting it near the top of the interest rate list for high interest savings accounts. […]

Ask the Readers: Are Checks a Thing of the Past? (Chance to win $20!)

***Congrats to our winners! *** Jason - #13 I am forced to write one check a month for my rent. For some reason this is all that the community will accept. ashepherd35  No.. […]

Citi Platinum Select & Diamond Preferred: $30 Statement Credit

It seems as though the credit card companies are a little tired of the banks getting all the attention for their bank deals. […]

How to Give Your Kids $25,000 at Graduation

Here's a piece on how one couple gave their kids $25,000 ($25k to each kid) when the kids graduated from college (which they did debt free, BTW). The steps of how they did it: When their kids were born, they asked friends and family to give them cash for the kids' future instead of toys and other gifts. […]

Never Cosign a Loan Unless You Want to Pay It Yourself

One of the most common questions I get is whether or not a person should cosign on someone else’s loan – a car loan, a student loan, or so on. I have a single response that I always give to this type of question: You should only co-sign a loan that you’re perfectly happy paying off yourself. If you would be unhappy with being forced to pay for the loan yourself, then you should not be cosigning th […]

10 Ways to Save Computing Power

ShareThisLurking within your office and home is a group of workaholics that are costing you money. Who are these offenders? They're your computer system. The average computer wastes roughly half the power it draws from its energy source. […]

How to Pay More Than You Should: Stop Paying Attention

In March, I wrote about reducing the amount of automation in handling personal finances. Leaving your payments on auto-pilot is asking for trouble. Leaving your brain out of the decision-making process is a sure way to rack up overdraft fees when you don’t have enough funding to pay an automatic bill.Also in March, I canceled collision coverage on my auto insurance. […]