Establish An Emergency Fund

When my wife and I decided to get out of consumer and credit card debt eight years ago, the first thing we did was establish an emergency fund. Our reasoning, based on the awesome book – The Total Money Makeover – was quite simple. We wanted to be able to deal with unforeseen expenses without adding to our credit card debt. […]

A New College Student’s Guide to Saving Money on Campus

It wasn’t all that long ago that I was enjoying that special summer between high school and college. I had graduated from high school, of course, but I was also the first person in my family to actually attend college. […]

How Will the Federal Reserve’s Taper Affect You?

In an effort to stimulate the economy, the Federal Reserve has been using quantitative easing measures to increase the amount of money circulating. After the Fed dropped rates to between 0% and 0.25% following the financial market crash of 2008, the body decided that more needed to be done to boost the economy and get the money moving through the system. […]

Reader Mailbag: The Pleasure of Reading

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. 401(k) and retirement age 2. Overaccumulation of wealth and guilt? 3. Investing outside of 401(k) 4. Stage fright 5. Non-recourse loans 6. Frugal but healthy diet 7. Student loan repayment conundrum 8. […]

Variable Annuities Customers Facing Benefit Reductions

When people find out I’ve been writing a blog about personal finance for ten years — yes, it seems crazy, but the tenth anniversary of Consumerism Commentary is Tuesday — they recognize it is an opportunity to share their financial troubles and triumphs. I’m a good listener. […]

Why I Stopped Laddering My Certificates of Deposit

For years we’ve had our emergency fund in a certificate of deposit ladder at ING Direct, now Capital One 360. Then a funny thing happened a while ago (I don’t remember exactly when but it’s over a year now since all my CDs have matured), the interest rate on a savings account was higher than what you would get for a 12-month CD. […]

Emotional and financial lessons from death

This post is from staff writer Honey Smith. It’s been a rough couple of weeks in the Honeycomb. First, my husband Jake’s grandfather died. Then, the very next week, we had to put one of our cats down. As a result, I’ve been spending a lot of time thinking about death and how it affects us, both emotionally and financially. […]

5 Ways to Say "No" to Friends and Family

I've spent most of my life saying "yes" to things because, I have to admit, I am a natural people pleaser. I want to make everyone happy, and when others are happy, that makes me feel good, too. On occasions when I'm forced to say or do something that will displease someone else, I easily get stressed out. […]

Finding a Starter Home That's Also a Forever Home

Most folks seem to approach home-buying with generally the same logic. It goes something like this — our first or "starter" home will be a modest bungalow or condo that will serve as our entry into the real estate market. Our second home will probably be located in the suburbs and be much larger to support our growing family. […]

Best Deals for Monday 07/15

Link for teaser title:  http://www.wisebread.com/deals Le Creuset Dutch Oven $150, Women's Dresses 50%, Polarized Sunglasses $9, and more! […]

Free or cheap summer fun for frugalists

This post is from staff writer Suba Iyer. For the past few years we have spent our summers traveling. This year is different; we moved to a new city, bought our first home and we are also expecting our first child this fall. Lot of exciting life changes but they didn’t leave much room for major vacations. That doesn’t mean we can’t have fun right? […]

Best Money Tips: Tech Tips for Job Hunting

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some fantastic articles on tech tips for job hunting, how to find the right roommate, and lowering your cooling costs. Top 5 Articles 10 Tech Tips for Job Hunting — When job hunting online, remember to be professional on all your social media accounts and use LinkedIn. […]

Everything You Need to Know About Frequent Flyer Miles

From choice of program, to accumulation strategies, ongoing management, and eventual redemption, there are many tricks to effectively using frequent flyer miles. Here is everything you need to know to become a frequent flyer superstar. […]

Star Money Articles for the Week of July 15

Just a reminder that Wealth Lion has posts on Mondays, Wednesdays, and Fridays. Here are the latest ones: My Current Asset Allocation - Where my assets are currently -- index funds, real esate, etc. […]

The Fear of Being Broke (and How to Use It)

I’m afraid of being broke. I’m afraid of not having enough money to be able to pay for simple extracurricular expenses for my children, like a band instrument. I’m afraid of working out of fear of losing a paycheck rather than the desire to create something and help others. […]

Collect Accomplishments, Not Stuff

I’m a collector. I love the process of adding new things to collections and seeing those things accumulate. The problem is, once the rush of adding to a collection is over, there’s not much left to do. […]

Reader Story: 6 things I did because I was poor that made me poorer

Matt Stokes is a freelance writer, editor, blogger, and TV producer in New Orleans. His first novel, Generation Why, is a humorous look at the difficulties of college graduates in the 2010s who don’t know what to do with their lives. The book came out in 2012 and is available from Amazon. Follow him on Twitter @mattstokes9. […]

The Expensive Extra Room

The children move out, leaving a few empty bedrooms behind. You can’t sublease that extra room in your apartment, so it sits there empty. You buy a big house intending to have children, but then you decide to wait. Things like this happen to a lot of us, and they all wind up with the same problem: you have an extra room (or three) in your home. Having a room just sitting there empty is expensive. […]

Ten Pieces of Inspiration #134

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. 1. Bill Nye on meeting people “Everyone you will ever meet knows something you don’t.” – Bill Nye This is a really useful thing to keep in mind when meeting people. They know something you do not. 2. […]

Help a Reader: Using an LLC

Here's an email I recently received from a reader: My wife and I own 2 rental properties.  Both homes were our primary residences before we were married and we have mortgages on both properties.  She lived in a one bedroom condo in a popular, very walkable neighborhood and when we married in 2010, she moved in to my home which is a 3BR 2BA home in a first ring suburb.  We immediately rented her […]