Money Tips from 2009

2010 Resolution #4: Reduce My Entertainment and Hobby Spending by 50%

In an effort to talk about the power of goal-setting along with some methods of setting and achieving goals, I’m going to discuss my four resolutions for 2010 this week. In 2009, I really overspent on my hobbies. My board game collection expanded significantly. I picked up several new video games and computer games. […]

Uglify Your Stuff To Keep It Safe

By Paul Michael I don't know about you, but I buy things based on how they look as well as what they do. I was once told that you don't buy a power drill because it looks cool, you buy it because you need holes. Well, yes and no. As a designer and creative, the aesthetic also plays an important role. But what attracts you to objects also attracts thieves. […]

Consider Moving Your Money to Local Banks

This past weekend my wife and I went home to New York to visit my parents and my visiting relatives for the holidays. My parents recently moved within spitting distance of Port Jefferson, a cute little “village” that features a ferry and lots of restaurants and small boutique shops. My parents have been saying that the recession has really hurt the area and it’s most visible in the shops. […]

Best Deals for Thursday 12/31/09

Coldwater Creek coupon: 70% off sitewide World of Warcraft and Burning Crusade Expansion for Mac or PC $17.99 Computer & Accessories Year-End Deals: Over 1,000 items discounted 70% off at the Disney Store Buy an MP3 Album, Get One Free At Amazon […]

Flexo’s Goals and Resolutions for 2010

Although I’ve been tracking my finances publicly on Consumerism Commentary since 2003, this is only the fourth year I’ve outlined specific financial goals for the new year. The next year is a bit of a mystery for me. I feel like some changes are necessary, particularly in my day job. […]

The Other Side of the Frugality Fence

In a recent post at Get Rich Slowly, J.D. defined the “basic law of frugality” as this: “Decide what’s important to you. Give yourself permission to spend on these things. […]

Review Your State’s Gift Card Rules

It’s estimated that people purchased $87 billion in gift cards this holiday season, according to The Tower Group in a recent CNN Money article. Of all those cards, Marketing Workshop, another research firm, it’s estimated that 40% of recipients don’t use up all of their cards’ value, leaving an average of $2.30 on the card. […]

Get Rich Slowly’s Greatest Hits (2009 Edition)

This past year was one of transition at Get Rich Slowly. In January, I was shocked by the sudden death of one of my best friends. This loss forced me to re-examine my life priorities. For years, I’d made money my focus, and now I realized there were more important things to worry about, including my relationships and my health. […]

Financial Goals for 2010

Now is the time to outline your financial goals for 2010. In case you haven’t already done this, I’ve put together some ideas to get you started. While I’ve loosely prioritized the main themes, you’ll want to tailor things according to your individual situation. Reduce your debt Debt reduction should, in my opinion, always be numero uno. […]

Help a Reader: Spending or Debt Repayment?

Here's an email I recently received from a reader: I’m currently between a rock and a hard place and could use some advice. A friend, is having a bachelor party THIS weekend. […]

I Went Christmas Shopping With Fake Money

By Carrie Kirby Of all the post-holiday letdowns, the one I hate the most isn't the scale or the January weather or the household clutter: It's getting that credit card bill and finding out what my Christmas gifts from my spouse cost us. In the spirit of avoiding that particular letdown, my husband and I made a new pledge this year: No use of the marital credit card to buy each other's presents. […]

New Year’s Eve on a Budget

This article is presented by Kelly Whalen, Consumerism Commentary staff writer. At midnight people around the world will be celebrating a new year with celebrations, parties, or a quiet evening at home. […]

Traditional and Roth IRA Contribution Limits for 2010

With the New Year just around the corner, I thought it would be good to take look at IRA contribution limits for 2010. Contribution limits have been indexed to inflation since 2008, and can increase in $500 increments (as necessary). Because inflation has been so low, however, there’s not much new under the sun. […]

One Week Left: BillShrink Giving Away $2,500 to Wise Bread Readers

By Will Chen In one week, Bill Shrink will be giving away $2,500 to lucky Wise Bread readers!  To enter the contest, simply leave a comment telling us how you would spend all that money.  Will you pay some bills, start a college fund, or have some fun?   […]

The 2009 Financial Crisis Timeline in Photos

January 5, 2009 – Rescuing Fannie Mae (source) The Federal Reserve Bank of New York begins purchasing fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae under a program first announced on November 25, 2008. January 12, 2009 – Allocating TARP Funding At the request of President-Elect Obama, President Bush submits a request to Congress for the remaining $350 […]

Want A Big House? Tour This Small Home, Change Your Mind

The joys of living in a small home. For many people I know, a big house to call their own sure sounds like the ultimate dream. Think of all that wonderful space and room and potential to do whatever you want in that space. But there are obvious downsides to having a huge house: number one on the list is the maintenance cost. […]

A Few Links for You to Enjoy

I wanted to share the following with you -- some posts this week that FMF was a part of: Here are the Top 135+ Personal Finance Posts for 2009. My posts included are The Best Way to Maximize Your Investment Return, Five Steps to Six Figures in Seven Years, and What to Do When You Don’t Get a Job Offer. […]

Staple food items for 15% off on Amazon

My wife and I have recently discovered the wonders of raw organic agave nectar for sweetening tea and other things.  (It’s low-glycemic index, and it doesn’t overpower the taste of what we’re sweetening the way honey or maple syrup does.) We tried a small bottle from the grocery store, and like it enough that we want a supply of it. carries the brand we use at a price substantially che […]

2010 Resolution #3: Learn to Play the Piano/Keyboard

In an effort to talk about the power of goal-setting along with some methods of setting and achieving goals, I’m going to discuss my four resolutions for 2010 this week. For several years, a keyboard has sat in our basement, gathering dust. […]

Getting Started with Asset Allocation

This is a guest post from Dylan Ross, a certified financial planner and a long-time GRS reader. If you’re new to investing, recognize the merits of using low-cost index funds, but you’re not sure how to allocate your long-term savings among various types of index funds, this information is for you. Asset allocation basics While there are many ways to divide investment assets into different categor […]