Calvin March 2013 Net Worth

Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis, and April is “tax month.” I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. […]

Four Hidden Costs of College

I still fondly remember my first semester at college. I was the first person in my family to go to college, and I was attending a reasonably prestigious university far enough away from home that it wasn’t feasible to go back with any regularity. I knew no one at all when I moved into my dorm room. That first year in particular was full of discoveries. […]

How Young Professionals Can Outlive Their Money

One of the more interesting bits of data to come to my attention recently is the implication that young professionals are confident about their chances for a comfortable retirement. State Street Global Advisors released the results of a survey that indicate that 82% of those under the age of 25 are “somewhat” or “very” confident that they have enough for retirement. This is a stark contrast with t […]

Four Excuses Prevent You From Investing

This is a guest article by William Cowie, who writes at Bite the Bullet Investing. While I considered myself a late bloomer in the world investing, not doing much with my money besides spending it until I was about twenty-eight, William started much later in his life. In this article, William describes how certain attitudes prevented him — and prevent many people — from investing. […]

The Simple Dollar Weekly Roundup: Flood Waters Edition

My home town just survived what could have been a potentially devastating river flood. I simply want to say that I’m genuinely impressed with the advancements in flood prevention technology over the last twenty years. Towns are now able to hold back flood waters with surprisingly little effort compared to the floods of 1993. […]

Writing a Business Plan? Here Are Some Common Mistakes

    A business plan is a necessity in any business. If you are trying to figure out how to start your own business, the first place to start is with a business plan. Every business needs some type of direction and focus to help it move forward in the right direction. It doesn’t need to be a perfectly polished document, unless you are looking for some type of financing. […]

How to Avoid Internal Revenue Service’s 2013 Dirty Dozen Tax Scams

Every year, the IRS publishes a list of twelve tax scams they call the “dirty dozen.” It’s usually a mix of what you’d expect – a little identity theft mixed in with scams that prey on people’s inability to detect things that “sound too good to be true.” Taxes are complex enough that unless you spend a lot of time doing them, it’s easy to believe that an “expert” knows something you don’t. […]

Friends and philosophies of personal finance

This post is by staff writer Honey Smith. Recently one of my bridesmaids came to my city to attend a professional conference, and we were fortunate to be able to spend some time together as well. This is not a friend I had talked about money with before, despite having known her for over 15 years. It came up on this trip because she just quit her job in Boston to move to Atlanta with her fiance. […]

Why Women Need Life Insurance — and What to Do About It

There are certain things that I always assumed I’d automatically have control of once I became an adult. Like knowing how to apply liquid eyeliner without a shaking hand. Or getting my car washed regularly. […]

Big Lessons From the Tiny House Movement

Have you heard the buzz about the tiny house movement or seen one moving down the road toward its new (semi) permanent home? If not, chances are you soon will. […]

Best Money Tips: Thrifty Gifts Any Mom Would Love

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on thrifty gifts any mom would love, reasons to spring clean, and improving your eshopping IQ. Top 5 Articles 22 Thrifty Gifts Any Mom Would Love — This Mother's Day, consider making chocolate covered strawberries for your mom. […]

Key steps to a richer life

This post is from staff writer Jeffrey Steele. At a recent neighborhood function, I ran into a woman I’ve known for years, but hadn’t seen in a few months. She’d be the first to admit to suffering a weight problem. A shorter woman, she’d packed on enough pounds over the years to audition for the role of a beach ball. But here she was far more svelte, and looking good. “Edna! […]

The Basics of CD Laddering

Right now, many savers are disappointed with the low savings account yields offered by many banks. Many bear the situation because there isn't a safer option in terms of a place to keep your cash. In order to boost yields, some savers turn to CDs to help find an edge. […]

How Much Do You Spend on Lunch?

In my recent post about over-spending, a reader made the following comment: Re spending, I am curious how much people spend for lunches at work each month (for people who work full time outside their homes). I hate brown bag sandwiches and microwaved leftovers with a passion, plus I need a break from the office. […]

Selling Fear

A few times a week, I’ll hear from a reader who’s really worried about imminent economic collapse. […]

Do You Trust Justin Bieber to Teach Your Teens about Money?

It’s true: Kids need to learn about how to manage their money, and teens need to learn how to properly use plastic. When was the last time you counted bills out to a cashier to pay for something? […]

LastDollar March 2013 Net Worth

This month is Insurance Month in the series Naked With Cash. Each month, seven Consumerism Commentary readers anonymously share their financial reports to gain insight about their progress towards their goals. Read this introduction to learn more about the series. LastDollar is thirty-three years old, an entrepreneur and single mom with two children with learning differences in private school. […]

Is Every Purchase Merely an Investment?

I’m going to use a long example of a car purchase to start off this post. Bear with me through it. Let’s say, for calculation’s sake, that a car has a life span of 200,000 miles before the maintenance issues catch up with it. For the last 40,000 miles of that drive, the reliability of the car is going to be seriously slipping, but up to that point, the car will be pretty reliable. […]

How Do Tax Brackets Work?

When I was younger and I just started working, I didn’t know how tax brackets worked because I would do my return in TurboTax and pay whatever I owed. I didn’t care much about tax brackets because, honestly, it didn’t really matter to me. […]

Invest like Warren Buffett… but not really

This is a post from staff writer Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. If you want people to read your investing-related post or book, you’ll increase your chances by mentioning Warren Buffett in your title. After all, I just did it — and it might be why you chose to read this. […]