November 14, 2011

APY vs APR: How Are Interest Rates Used In Finance?

Understand rates, returns and terms in order to make the right product choices in finance. APR, APY, effective APR, nominal APR and interest rate. We see these terms pop up a lot when we talk about finance. […]

Finding the Life Insurance That Is Best for You

The following is an excerpt from The Questions and Answers on Life Insurance Workbook: A Step-by-Step Guide to Simple Answers for Your Complex Questions. Since this is a workbook (meant for you to fill in sections of it), you can't get the full meaning/impact in a basic blog post. But I think you'll get most of the key ideas.Take a breath. Thinking about death is serious, exhausting business. […]

Is it Time to Leave the Rich Alone?

Because of the Occupy Movement, people are focused on the rich, or the 1% as they are now known. CNN reported that in order to get in to the exclusive 1% you have to make a minimum of $343,927 each year. I figured it would be much higher and I thought of the article that appeared in my hometown newspaper that told the story of a city bus driver who was making $98,000. […]

Saving Pennies or Dollars? Christmas Lights

Saving Pennies or Dollars is a new semi-regular series on The Simple Dollar, inspired by a great discussion on The Simple Dollar’s Facebook page concerning frugal tactics that might not really save that much money. […]

How to Create a Visual Budget Map

The following is a guest contribution by Kim Palmer. As much as I love the idea of tracking my money and sticking to a budget, Excel spreadsheets tend to make my eyes glaze over. All those lines and numbers remind me of some of my least favorite economics classes in school. […]

Insider Trading: Don’t Do It – Unless You’re in Congress

Back in 2003, Martha Stewart was indicted on multiple charges including securities fraud and obstruction of justice. These charges stemmed from an investigation into an investment move back in 2001, when she allegedly dumped her shares of ImClone based on insider information that she had received from her broker. […]

Do You Have Financial Blind Spots?

Sometimes, when we look at our finances, we don’t realize what we are missing. These blind spots can cost you in the long run, preventing you from making the most of your money. Missed opportunities, unnecessary expenses and other problems can arise from your financial blind spots. As you create your financial plan, evaluate your situation, and be honest. […]

FMF $5k Red Kettle Challenge

Update: If you are looking for the link to donate (and don't want/need to read the info below), you can find my donation page here. A few events have conspired over the past several months to lead me to this point. They are: I write often about giving, believe it is a key part of personal finances, and personally give myself. […]

The Best Black Friday Deals for 2011

Have you had a chance to look at the Black Friday sales ads from your favorite retailers this year?  Well, if you haven’t had the opportunity, we’ve done it for you.  If you’re one of those shoppers that get up at the crack of dawn to get your hands on the season’s most sought-after items, this post will apply to you.  You’ll want to plan accordingly because most stores won’t offer rainchecks to c […]

Reader Mailbag: Dress Up

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Heating and cooling issues 2. Tax problems 3. Student loan debt juggling 4. Daylight Savings Time switch problems 5. Joint accounts with aging parents 6. Potential book selling scam 7. Multilingual children 8. […]

The Best of Money Carnival

The Best of Money Carnival is now up. Congrats to all participants and especially the winning post, Living Well on Less Than $10,000 a Year: Habits of Skilled Visa Workers. Enjoy! […]

Boost Your Human Capital: Stay Healthy

It’s easy to focus on the personal policies that help improve your net worth immediately. Saving money, investing thoughtfully, and earning income affect your bottom line immediately. This view can be shortsighted occasionally. Focusing effort on your personal human capital can have a greater affect on your net worth over the course of the rest of your life. […]

How to Overcome Your Fears in Stock Market Investing

One of the common stories from the recent recession is how shell shocked younger investors are. I’m not surprised because it seems like there is bad news every week and the market makes one hundred and two hundred points moves like it was nothing. […]

America’s Love-Hate Relationship with Wealth

I was on the road for the past two months, first in Chicago, and then in Bolivia and Peru. As always happens, one of the side effects of travel is that I’ve been living in a media vacuum. For the past few weeks, I’ve heard almost nothing of current events. That means I arrived home to find a strange phenomenon: Protestors “occupying” Wall Street. And Oakland. And Portland. […]

The 25 Best Things to Buy on Craigslist

Craigslist continues to be one of the go-to places for people to buy and sell used (and sometimes brand-new) goods. Not only is it simple and free to use (thanks, Craigslist, for staying true to your word) but it also has a vast reach, with sites across the United States and the rest of the world. […]

A Comprehensive Guide to the Debt Snowball Method

Being in debt isn’t just a financial issue; it’s an emotional issue. The more debt you have, the more discouraging it can feel. Getting out from under the pile can seem undoable. But it is possible to get out of debt (I paid off $20,000 of credit card debt), and the debt snowball method can help. […]

Best Money Tips: Save on Last-Minute Travel

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on ways to save on last-minute trips, how to find a holiday job, and ways to lower your health insurance premiums. Top 5 Articles 11 Sure-Fire Ways to Save on Last-Minute Trips — Save on a last-minute trip by using your points. […]

The Psychology of Cash Flow

Money flows into your life, and money flows out. To deal, you need to get your finances right — but also your mind. (See also: Managing Your Short-Term Money) Are your finances under control? One good test is how your spending is constrained by your income. Far too many people are forced to arrange their bill paying around their income schedule. […]

Big Mistakes You Can Make When Selling Your Home

My husband and I were recently in the market for a home, and we spent several weeks viewing condos and houses. In our dealings with sellers and their agents, we began to notice certain common mistakes that put us off considering the purchase of these homes. […]

Help a Reader: What to Do with Extra Money

Here's an email I recently received from a reader: I am 27, male, single, unattached, and I graduated with my law degree (JD) from a public T-50 school in May 2010.  I currently work in-house for an insurance company out west.  At this point in my life, I'm unsure of what would be the best return on my investment with the $1,600 I have in monthly disposable income.Financial FactsCurrently, I ma […]