June 10, 2009

They Lived in a Station Wagon: Lessons From One Family

A family from Copake Falls, NY lived in their car for two months and 11 days. Both parents were employed, but became homeless when their landlord went into foreclosure. […]

No More Microsoft Money After June 30

I suppose it probably doesn’t come as much of a surprise, but Microsoft is discontinuing their money management software at the end of the month. […]

Help a Reader: CD-Secured Loans

Here's an email I recently received from a reader: I am planning to purchase a second home for around $360,000.  My income is around $180,000 a year, and I have no debt, including no mortgage debt on my primary home worth about $180,000.  Due to the location and uniqueness of the second home (no comparables and so no possibility of a credible appraisal), I have been unable to secure a cost-effe […]

Microsoft Money Will Be Discontinued

Microsoft is ending its support of Microsoft Money, the desktop financial management software that feebly competed with Intuit Quicken. This comes as no surprise to me. Microsoft appeared to have given up on the Money product several years ago. Personally, I switched from Microsoft Money to Quicken in 2004. […]

Get Business Start-up Tips from “Apprentice” Finalist Dr. Randal Pinkett

By Linsey Knerl He heard Donald Trump say, “You’re Hired!” in Season 4 of the reality TV Show, and now he’s written a no-nonsense book for the startup entrepreneur.  He shares highlights from his new book The No Money Down CEO and gives us the scoop on keeping a business successful in tonight’s interview with Wise Bread.  Even if you haven’t followed the reality TV series phenomenon of "The Appre […]

Eating Organic on a Frugal Budget

Is it possible to eat local organic food on a food-stamp budget? That’s the question Salon’s Siobhan Phillips set out to answer recently. For one month, Phillips and her husband gave themselves a budget of $248 to “eat ethically” in New Haven, Connecticut. […]

Personal Finance and The Black Swan

Recently, I’ve been reading Nassim Nicholas Taleb’s book The Black Swan. Most of the book has to do with economics and mathematics and is not very relevant to personal finance at all, so I won’t bother doing a detailed review here. […]

The Most Useful Thing Students Can Do to Prepare for the Job Market

IMO, here's some excellent advice to students on what to do to prepare themselves for the job market: The most useful thing students can do to prepare for the job market is to work. Work before you actually have to work. It's the single best thing you can do to make yourself marketable. Great, great advice. […]

Cash For Clunkers Program

Here’s an interesting bill that’s moving through Congress right now, it’s been called the “cash-for-clunkers” bill on the street. Autoweek recently published a story about how the bill passed the House of Representatives today. The bill would create a $4,500 credit to those who trade in their old cars for one that gets at least ten MPG more. […]

Natural Pet Products: A PurrfectPlay.Com Product Review and Give Away

By Myscha Theriault Always in search of natural pet products and toys here at spoiled Labrador world headquarters, I was especially interested to test drive some of the products from this site when I met up with the owner, Pam Wheelock. Three specific toy samples made their way to my door. All were of high quality. Some were pricey. Others were an even bigger bargain than I expected. […]

Forbes Gets it Wrong About “Online-Only” Bank Accounts

This morning an article appeared on Forbes.com with suggestions and warnings about online-only accounts. I have to disagree with an important statement by the author of the article, Asher Hawkins. […]

Stock Market Investing Advice for College Graduates

My best investing advice for someone just entering the workforce is to put in an index fund and focus on turning in a stellar performance at your job, day in and day out. Don’t spend time analyzing the market, don’t read about esoteric investments, don’t scrutinize financial statements, don’t listen in on earnings calls, and don’t research SEC filings. […]

Three Steps to Choosing a Financial Adviser

The following is excerpted with permission from The 1-2-3 Money Plan: The Three Most Important Steps to Saving and Spending Smartby Gregory Karp. Americans today are forced to make a dizzying array of financial decisions, including many we've talked about in this book: how to build a retirement nest egg, save for kids' college expenses, and deal with debt and insurance. For help, you might consi […]

Best Deals For Wednesday 6/10/09

By Paul Michael Today's WISEBUY. Up To 79% Off PATAGONIA MEN'S & WOMEN'S APPAREL (dealnews) Today only, 6pm.com offers over 160 styles of Patagonia men's and women's apparel on sale, with prices starting at $6.25. That's up to 79% off. Pay $6.95 for shipping.   1. […]

Reminder: Your Chance to Win Some Free Stuff

Just a reminder that my June giveaway newsletter will go out next week. If you'd like to win one of several great prizes, simply click here to register for it. Good luck to all! […]

The Simple Dollar Weekly Roundup: Bringing Back the Book Club Edition

After chatting with a few readers lately, I’ve been thinking about trying the “book club” concept again, where a single book is discussed in detail over a series of posts. I’ve done this three times in the past: The first time, with Your Money or Your Life, went really well, with tons of good discussion. […]

Investment Risk and the Growth of Wealth: The Importance of Course Corrections

This is a guest post from Carl Richards at Behavior Gap. I have a problem. In fact, I think we all have a problem: We have been way too focused on returns, resulting in the utter destruction of our wealth. The investment industry has been built using tools that might be appropriate for understanding investments, but are totally worthless for investors. […]

When Going Into Debt is Worthwhile

On a macro level, debt was a force behind the incredible economic expansion over the past two centuries, and the availability of debt at the family level played a role as well. […]

Poor Man’s Guide to Rain Barrels

For those who have been following our exploits in gardening, you may recall that we put our plants in pots and leave them on our deck. This ensures they get the maximum amount of sun. There is a downside to our strategy, the spigot for the hose that sits on our deck is on the ground floor. […]