Debt Free for Life by David Bach

Debt Free for Life is David Bach’s latest personal finance book and the first, as far as I know, that focuses entirely on the subject of debt. David Bach’s most well known book is The Automatic Millionaire, which pushed the idea that the easiest way to “get rich” was to put it on autopilot. […]

Tips for Buying a Short Sale Property

This is a guest post by Emma Martin who writes for J.G. Wentworth, a settlement funding company and purchaser of future payments to individuals who hold assets in the form of structured settlements and annuities. With so many homeowners trying to sell their properties before they get foreclosed on, buyers can find a lot of great deals on houses headed for default. […]

Don’t Get Rich Any Slower Than You Have To

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. This is one of those boring articles about investing that is actually very important. To liven things up, J.D. […]

Why You Need an Umbrella Insurance Policy

Kiplinger tells us why many of us need an umbrella insurance policy and gives the following guidelines: He recommends that everyone have at least a $1-million umbrella policy to provide liability coverage beyond the limits of their auto- and homeowners-insurance policies -- even if they have less than $1 million in assets. […]

Seek Debt Assistance or Deal with Your Own Debt?

Stacey is one of our regular writers who often writes about her personal experiences on dealing with debt and bankruptcy. I thank her for sharing her stories and updates with us. Four years ago, my husband and I had a top credit rating, retirement plan, savings account and CDs maturing every six months. […]

What Will You Be Doing with Your Extra Money?

As I'm sure most of you know already, the tax legislation passed at the end of 2010 included a drop in Social Security payroll taxes. The details: One of the major elements of the tax package is a one-year reduction in the payroll tax that funds Social Security. FICA taxes will drop from 6.2% to 4.2% for most workers. […]

Cost and Quality: Best and Worst Case Scenarios

I’ll start this post out by showing you three chef’s knives from my kitchen. The top chef’s knife is a loose one that I picked up for $0.50 or so at a yard sale more than a decade ago – I’m unsure even what type it is. It’s serviceable, but it loses its edge fairly quickly. The middle knife is from a Henckels kitchen knife set given to my wife and I as a wedding gift. […]

How to Pay a Tax Bill You Can’t Afford

It’s a good thing I’ve been saving a good portion of my income for the past year. Even with making estimated tax payments — the last of which is due on January 18 — I’ll have a significant tax bill this year thanks to increased income. Many taxpayers may not look forward to filing their taxes, even though they receive a refund from the IRS. […]

Discover® More 24 Month 0% Balance Transfer Offer

The whole 0% balance transfer business has been heating up with the recovering of the economy. The latest entry into the fray is Discover Card with a limited time offer of a two year 0% balance transfer if you apply before the end of February. Two years is a lot of time and certainly beats twelve months. […]

Focus on What You CAN Influence When Investing

Here's a very interesting piece from the Wall Street Journal that says investors need to focus on the aspects of investing that they can control (which is not return rate, BTW). […]

Learning to Live on One Income (By Choice)

Many of us are starting 2011 with every intention of reaching big financial milestones such as getting out of debt, saving up for a house, or getting serious about retirement. For many couples, however, it might be hard to reach your goals if you’re depending on two incomes to support your lifestyle. It is possible to reach your goals, but it will take some sacrifice. […]

You Don’t Need a New Computer

Every so often, I’ll hear from a friend or a reader who wants me to point them toward a great deal on a new computer. […]

28 Innovative Uses for Binder Clips

I like finding different uses for everyday household items and office supplies. Not only does it save me money, it also keeps my mind working overtime. […]

5 One-Size-Fits-All Spending Tips That Don’t Really Fit Everyone

It’s a new year, and you’re prepared for the onslaught of financial tips aimed at helping you turn over a new leaf, form a resolution, and help your finances enter a period of recovery. But what if you’re doing OK? Is the advice necessary, relevant, or even useful? […]

Save Hundreds by Getting Yourself Out of Hot Water

An average household spends about $300 a year on hot water — about 12% of a family’s total annual energy budget. But if you have family members who take long showers and generate loads of dirty laundry, that expense could easily double. If hot water expenses are putting the family finances in hot water, it’s time to make some changes. […]

2011 Kiplinger’s Best Online Brokers

Every year Kiplinger’s magazine puts out a survey of the best online brokers. Every year, I take a look at the list because I’m curious how the different brokers stack up. I’d like to know if anyone has made any big changes or improvements to their service, it might change my mind about who I do business with. Usually the lists don’t change all that much. […]

The Alternative Minimum Tax (AMT)

When Congress and the President extended the Bush-era tax cuts, taxpayers subject to the Alternative Minimum Tax (AMT) received a break. […]

Two Stories About Retirement Planning

I never know where the personal-finance lessons are going to come from. Today, I heard two stories about retirement from my own family. First, my wife told me that her retirement program at work might be cut. Next, I learned that my family’s box company has had a bizarre retirement crisis of its own. Don’t count your chickens Kris came home frustrated tonight. […]