June 7, 2010

How To Escape An Upside Down Car Loan

Do you really know how much it costs to own your car? Is your car loan upside down or underwater? Here are some thoughts on the subject. I often wonder what it’s like to drive those fancy new cars. You know, the ones with the flashy paint and the equally flashy price tag. But, I […] […]

Ask the Readers: How Will You Celebrate Father's Day?

**Congrats to our winners!** @cmbarry: I will spend Father's Day with my lovely wife & 2 girls! Angie: We plan on grilling out, with some cold brewskis! His favorite kind of summer day. Dads are not easy to shop for. […]

What to Do When You Can’t Possibly Prepare Enough

Ellen writes in with a very difficult story: I am a huge fan of yours and have used much of your advice to simplify the money matters in my family, but my family is currently in a crisis that I have never seen discussed on your site. In early April, my family was in a severe car accident. We were driving my mother’s van at the time and we were t-boned by a hit & run driver. […]

What to Buy and Not Buy at Walmart

I'm an occasional Walmart shopper (not the superstore -- we don't have one in our area since we're dominated by Meijer stores), so I was interested in seeing Yahoo's list of what to buy and not buy there. Here's their list of what to buy: 1. Moderately Priced Consumer Electronics2. Smart Phones3. Coffee4. Video Game Bundles5. […]

The Best of Money Carnival

This week's Best of Money Carnival is up. Congrats to all participants and especially the winning post, Free consumer reports – Credit , Banking, Insurance, Employment & More. Enjoy! […]

Don’t Pay For Credit Score Monitoring

CNNMoney tackled the question of why you don’t need credit score monitoring. Credit score monitoring is when you pay one of the credit bureaus (Equifax, TransUnion, Experian) a set fee each month to tell you if your score goes up or down. […]

Track your variable income with the Extra Income Spreadsheet

The Extra Income Spreadsheet is part of a financial planning series called How to Make a Budget. To start this series from the beginning, read the introduction. “Were there any checks in the mail for me today, honey?” That’s the question I ask Carl every day when he gets home. […]

And Yet Another College Student Who Needs a Clue

Here's yet another in what seems like a long line of clueless college students (for others, see College Debt Run Amuck, A College Debt Nightmare, and An Example of What I've Been Talking About.) Like the others, this one borrowed way too much and is now having a hard time paying it back (she owes $97,000). […]

How Living Like a College Student Can Get You Through Tough Times

College students around the nation know the importance of living within their means.  Often given a tight budget to work with, young men and women must consciously account for every cost or sacrifice the time that could be spent studying working a full or part-time job. Think back to your college days. How did you save money and get by on such a limited budget? […]

Reader Mailbag: John Wooden

This past weekend, one of my heroes passed away. I’ll memorialize him with five of my favorite quotes from him. “Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.” “You can’t let praise or criticism get to you. […]

Anyone Can Spend Less for Food

I can say without fear of contradiction that you're spending more than necessary for your food. That's a good thing — eating well is one of the great pleasures of life, and you can almost certainly afford to eat a more interesting and varied diet than the cheapest possible. […]

Worry About Only What You Can Change

Two interesting articles caught my eye recently. First, on Get Rich Slowly, J.D. Roth asks when it is okay to judge someone else for their financial behaviors. J.D. describes his encounters with two friends — one friend more frugal than he is, who judges J.D.’s spending choices, and the other friend struggling financially, trying to improve, but not making the choices J.D. […]

Conversation Killers: What’s Holding You Back From Negotiating?

A few months ago, I wrote an article for Wise Bread entitled The 7 Laws of Negotiation. In it, I covered some tried and true methods of negotiating deals on everything from used cars to hotel rooms. Since then, I’ve come to realize that for some, just getting the conversation started can be a struggle. […]

Fun with Identity Theft, or How My Credit Card Went Nuts in Brazil

This is a guest post from Adam Jusko, founder of IndexCreditCards.com, a credit card information site where you can compare credit card offers, including cash back credit cards. I recently visited a major U.S. city known to attract tourists. The following Sunday, my phone rang with an automated message from my credit card’s security department about potential fraudulent charges. […]

Is Goldline A Scam?

Gold has always been seen as a nice safe store of value. When the world is in crisis, people turn to gold for stability, which is why the price of gold is around $1,200 an ounce these days. I’m not an investor but one important lesson, repeated by savvier investors, is that gold itself may be an investment but it’s true value is as an independent store of value. […]

Frugal Babe, Rich Life

This post is from GRS staff writer April Dykman. “A rich life without a lot of money.” — That’s the tagline of a blog I’ve read almost as long as I’ve been reading Get Rich Slowly, and long before I had an emergency fund or paid off my consumer debt. Frugal Babe (FB) is the blog of a 31-year-old woman living in the suburbs of a fairly large city. […]

Advice for Graduates

CNN Money has three things it would like to tell graduates as follows: Your career: Heed your enemies. Understanding the value of what your adversaries have to say will help you improve, giving you a big leg up. Your investments: Buy and hold. You'll make more money in the long run, in part because you'll minimize your taxes and trading fees. Your love life: Understand the odds. […]

To smartphone or not to smartphone?

My cell phone is on its last legs.  I have to insert the phone very carefully into the charger now, or else it won’t charge up.  For the nine (or so) years I’ve used a cell phone I haven’t upgraded as soon as my provider would allow me to. I did feel a little bit of urgency to upgrade to some kind of smartphone (either an iPhone or an Android) when I heard that my carrier soon was […]

How to Get Free Publicity For Your Career or Business: $100 Giveaway

Editor's Note: The $100 giveaway winner is Bonnie Boden!  Congratulations Bonnie! Getting your name mentioned by the media is worth its weight in gold.  It immediately establishes you as an expert, which can help you supercharge your resume, land a promotion, or build up buzz for your business.  (It is also a lot of fun to be on TV!) As a s […]