Best Money Tips: How Being Late on Your Mortgage Affects Your Score

Welcome to Wise Bread's Best Money Tips roundup. Today, we tell you how many points a late mortgage payment will cost you, how early retirement might not be smart, and if you can really make any money chasing rates. Top 5 Articles How Being Late on a Mortgage Payment Affects Your Credit Score — Think it's just a little ding? […]

Debt Consolidation and the “Orbital of Stupid”

Yesterday, I heard a very interesting story on NPR that focused on Dave Ramsey looking at Greece’s debt situation through a personal finance lens. […]

Sign Up Now to Win $200 in Gift Certificates

One final reminder to sign up here (using the link to the left -- do NOT sign up in the comments below this post) if you want a chance to win $200 in gift certificates. I'll be announcing the winner early next week. […]

Closing Our HSBC Advance (HSBC Direct) Savings Account

I’ve long expressed a desire to simplify our finances, and have finally taken a small step in that direction. Over the years, I’ve accumulated a number of online savings accounts. These include accounts from ING Direct, Ally Bank, Everbank, and so on. While we’re still using a couple of these accounts, the others have fallen out of favor for one reason or another. […]

Smithee Debt Update, Mid-May 2010

Happy Vacation-makes-finances-a-bit-messy Friday! It’s been about a month since my last credit card debt update. Since then, we managed to pull off something akin to a coup or a miracle. […]

Friday Finance Findings for May 14th

Happy Friday. It sure is nice that the weather is finally starting to turn around for the better. It’s been a pretty wild spring thus far with a lot of extremes. As long as the frost is done I’ll be happy since it’s been a tough couple of weeks constantly trying to protect our annuals out in the landscape and in all our pots. […]

The Love and Hate of Work

I recently had a conversation with a 66 year old woman who had retired from a fairly lucrative career, only to take on a completely surprising job as her “retirement job.” She’s a grade school lunch lady. Why did she choose to take on such a job? The reason was simple, she told me. Her grandchildren, her grandchildren’s friends, and the grandchildren of some of her friends attended that school. […]

5 Questions Couples Should Ask in the Money Talk

ShareThisWhen couples decide to live together or get married, they usually talk about family, children, vacations, wedding plans and decorating. They almost never have a discussion about finances. Understanding a person's view and handling of money, however, is just as important as his or her opinion about having children. […]

Financial IQ Test: Do You Have the Best Auto Insurance Coverage for Your Needs?

How well do you know your auto insurance coverage? Have you read — and do you understand — all the fine print? Is it structured it properly? Have you researched and comparison shopped for your ideal policy? […]

Ask the Readers: Should I Take Out a Loan to Buy a Car?

If smart money management were just about math or opening the highest interest savings account, this stuff would be easy. But there are a variety of complex factors that come into play when we have to make financial decisions. For example, Alyssa wrote recently to ask for advice. She needs to buy a car at the end of the summer, but she doesn’t know whether to take out a loan or pay cash. […]

Your Take: What You’d Like To See (And a Survey!)

Happy Friday! It’s been a while since I’ve done of these types of Your Takes where I ask you what you’d like to see me cover and today seems like a mighty fine day to do it. Next week we’ll have a New Graduate Guide series because you guys seemed to enjoy our Career Week series last year, and we did a couple more Devil’s Advocates posts this year, again because you guys liked them. […]

The Best Cash Back Credit Cards, March 2012

Cash back credit cards can help consumers practice responsible spending while earning a little extra for their efforts when used properly. […]

Do You Escrow?

The following is a guest post from Budgeting in the Fun Stuff.  As many of you know, when you buy a home, you get a choice to escrow your property taxes and insurance payments or not.  What a surprising amount of people don’t know is what does that mean? If you choose to escrow, the mortgage company will establish an escrow account for you with a neutral third party to pay property taxes and ins […]

Star Money Articles and Carnivals for the Week of May 10

For weekday updates of what I find to be some of the most interesting personal finance articles on the web, follow me on Twitter. Here are some pieces I found especially worthwhile and some of the carnivals Free Money Finance was in this week and my posts that were included: EDITOR'S CHOICE! Carnival of Money Stories - Comcast, Round #3 Wise Bread lists 52 uses for rubber bands. […]

What’s Your Biggest Money Mistake?

Money mistakes. We all make them. The important thing is to learn from them so we don’t make the same mistakes again in the future. […]

Online Budget Planner: PocketSmith Review

We’re please to offer a limited time discount this week for those looking to try out the “You Need A Budget” personal finance tool. If you wanted to take this great desktop budgeting tool for a spin, you can take up YNAB’s 30 day trial offer, or download the software for a 10% off discount by using this link. This offer is only good for a week. […]

Premium Gasoline Possibly Switched With Ethanol E-85

When I drive up to a gas station, I have a number of expectations. First, if I see a price advertised for regular-grade gasoline, that’s the price I expect to pay for regular-grade gasoline. […]

Link Roundup – Limping Man Edition

In my last roundup, I noted that I recently decided to start running. I’ve been taking it slow, but have still managed to develop some hip pain. I’m thus currently taking a week off to recover. The good news it that I’ve identified the problem. The main issue is that my feet supinate (roll slightly outward) when I run, so I picked up some new running shoes to better stabilize my feet. […]

How Being Late on Mortgage Payment and Foreclosure Impact Your Credit Score

CNN Money lists the following as the hits your credit score will take if you have trouble paying your mortgage (or worse): 30 days late: 40 - 110 points 90 days late: 70 - 135 points Foreclosure, short sale or deed-in-lieu: 85 - 160 Bankruptcy: 130 - 240 Ouch! Those are painful! And when I say "painful", I mean painful to your pocketbook. […]

Can You Actually Make Money Chasing Rates?

One common tactic I see on personal finance blogs is what I like to call “rate chasing.” This tactic usually involves carefully watching the yield rates on savings accounts over at (or a similar service), always signing up for one of the top accounts, and transferring their savings to that highest-yield bank. For me, at least, I don’t find this tactic of much use at all. […]