The Emergency Fund in 1939

In the Berkshire Hathaway 2010 Annual Report, Warren Buffett shared a letter from his grandfather to his uncle’s family in 1939, and the advice contained within the letter formed the basis of Berkshire Hathaway’s commitment to weathering any financial storm. […]

Saving Pennies or Dollars? Riding a Bicycle

Saving Pennies or Dollars is a new semi-regular series on The Simple Dollar, inspired by a great discussion on The Simple Dollar’s Facebook page concerning frugal tactics that might not really save that much money. […]

Earn 6% APY With the Mango MasterCard Prepaid Card

The idea of prepaid card being used as financial tools can be a cringe-worthy concept, particularly to savvy financial experts. For most Americans, prepaid cards aren’t really part of the tool set. The benefits of a credit card are much stronger than prepaid cards, and with most people qualifying for credit cards, even through the recession, prepaid cards don’t get a lot of respect. […]

Your Take: How Have You Felt The Recession?

While the national unemployment rate is up around 9%, the unemployment rate for college graduates is much lower. At the end of last year, with national unemployment at 9.8%, it was only 5.1% for those with a bachelor’s degree. While I’ve often stated that a college degree is a defensible moat, that statistic really drives that home. […]

Ask the Readers: Which Financial Products Do You Actually Use?

The financial blogging conference last week was great. My colleagues and I had a lot of thought-provoking discussions, not only in the planned sessions but also late at night in the hotel lobby. One of these impromptu chats focused on the financial products we actually use. Financial bloggers do a lot of product reviews. (I do them too, but I think they’re tedious. […]

Five Tips for a Smooth Nanny Share

A nanny share is a great way to cut down on your child-care costs by sharing a nanny with another family. In a nanny share, a nanny watches two (or more) kids from different families at once, therefore allowing the families to split the cost. (See also: Nanny Sharing: Lowering the Cost of Personal Childcare) Like any other arrangement, there are pluses and minuses. […]

How Closing a Small Business Can Grow a Better One

Sometimes the best way to grow your business can be to close the business. Huh? I wouldn't have thought it was true, but recent developments have shown me otherwise. (See also: How to Get a Groupon Refund When a Company Closes) My Own Business I had a small consignment shop that I closed at the end of 2009. The store hadn't lost money...yet. But I could see how it might start to do so. […]

Can Banks or Credit Unions Increase CD Early Withdrawal Penalties?

Last spring I wrote about a credit union that changed the terms of their existing CDs. The institution in question was Fort Knox Credit Union in Radcliff, KY. Today, I want to follow up on that story and provide an update. The change in this case was an increase in the early withdrawal penalty on all CDs with terms of 24 months or longer. […]

Best Money Tips: Save Money on Your Electric Bill

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on saving money on your electric bill, how to create a spending plan, and earning extra money. Top 5 Articles Ten Easy Ways To Save On Your Electric Bill This Winter — Save money on your electric bill this winter by washing your clothes in cold water. […]

Is Angie's List Worth the Cost?

When it comes to buying something or hiring someone to perform a service, nothing is better than a good recommendation from a friend. Almost every time we've had a shopping need where we were not sure who to use (when we needed a plumber, when we bought a furnace, when we looked for a carpet cleaner, etc.), we called up some friends and asked who they used. […]

Star Money Articles and Carnivals for the Week of Oct 10

In case you missed it when posted last weekend, PerkStreet now has a 2% cash back debit card with NO ATM fees. […]

Fun, Cheap Halloween Costumes To DIY, A Photo Gallery

Get a head start on Halloween. Are you planning for it already? Here’s one of the easier DIY projects around: go frugal by making your own unique, fun, cheap Halloween costumes. I thought to lighten the mood with something more humorous and entertaining. […]

6 Habits of Highly Productive People

Link: ShareThisWhat behaviors define the highly productive? What habits, philosophies, and strategies make some people consistently more productive than others? […]

A Dose of Financial Reality

Anna writes in: I’m amazed at how many people who write into your mailbags have enormous student loan debts and mortgages. […]

10 Things Social Security Won't Tell You

Smart Money lists ten things Social Security won't tell you as follows: 1. "Long-term deficit? We can hardly afford our bills today."2. "The more you make, the less you get back."3. "This used to be a much better deal."4. "Want a bigger check? Go back to work."5. "Good luck qualifying for disability."6. "You can be unemployed and retired."7. "Your Social Security number is no state secret."8. […]

Zions Bank Sued in Utah Over Overdraft Charges

I normally don’t post about lawsuits, I typically wait until the settlement period such as in the case of Bank of America, but I’m making an exception in this case because it let’s us see the evolution of one of these overdraft lawsuits. The latest lawsuit involves Zions Bank facing a lawsuit in Utah over policies that let it manipulate debits and credits to maximize overdraft charges. […]

Review of Can I Retire? by Mike Piper

I met Mike Piper of The Oblivious Investor briefly at FinCon11 and he came bearing gifts.  (I guess I was The Oblivious Conference Attendee and did no such thing myself.)  I snagged two copies of his newest book, Can I Retire?  (I’ll offer the second copy to a randomly-picked subscriber of my newsletter soon, so if you’re interested, sign up!) Can I Retire? […]

What Can Savers Do in This Low Rate Environment?

Right now, the Fed Funds Rate is targeted at between 0% and 0.25%. For savers, this means dismal yields on their cash products. Whether you are looking at online savings accounts or 5-year CDs, the result can be disheartening. […]

How I'd Handle Awkward Money Situations

US News presents several "awkward money situations". I thought I'd list them and tell you how I would handle each of them. Then you can chime in with your own take in the comments below. Here's the first one:Lending money to family members.I won't do it. There are too many potential landmines that can kill a relationship when something like this happens. […]

Ideas for Earning Extra Money

Busy people could sometimes — okay, always — use a little extra cash. But getting a normal part-time job is not feasible for many people. […]