Preparing For Debt Reduction Success

Get Organized - 1.  Find a manila file folder and label it “debt reduction plan“.  This folder will contain all of the information that you will need to succeed. 2.  Use the telephone and online access to your credit accounts and find out your current balances, current interest rates, due dates for all loans / credit cards, telephone numbers for each creditor, and addresses where creditors accept […]

Join Our Tweetchat on 10/14, 4:00pm CDT for a Chance to Win Prizes

Link for teaser title: twitter-logo2_0_0.jpg Welcome to the Wise Bread weekly tweet chat! This week we're talking about kids! How do you pay for raising them? How much does it cost, anyway? […]

How Do Groupon Daily Deals Work? Where To Find One Day Deals

Are you big on online coupons or promotional codes? Well you may have noticed a few new sites that have cropped up, which allow you to get big discounts on items that you can buy from local merchants. I may have been late in the game here, but I’ve been taking a closer look at these coupon schemes. […]

Here’s the skinny on The Skinny On

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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 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, 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. […]