April 10, 2012

Most Wealthy Individuals Earned, Not Inherited, Their Wealth

When I first read The Millionaire Next Door by Thomas Stanley and William Danko, it didn’t inspire me. It’s not that I disagreed with the authors, but I found the book uninteresting. It was one of the first financial books I read after beginning Consumerism Commentary, and it came highly recommended from readers here and participants in The Motley Fool‘s community. […]

Sell Specific and Individually Valuable Items on eBay (100/365)

When you start going through your clutter, you’re going to find items of value that you simply realize that you don’t use any more. Video games. Movies. Painting supplies. Tools. Clothing. The list is as endless as the variety of things people buy. Once you’ve pulled out all of those unused items, the question then becomes what do I do with this stuff? […]

Early Semi Retirement Opens a World of Possibilities

The following is a guest post from Steve at Money Infant. Steve is an early semi retired guy living in Thailand and blogging about personal finance from the perspective of someone who values experience over material things. Once you are semi retired there are a whole slew of possibilities that open up to you. […]

How to Buy a Foreclosed Home

All of us are looking for a bargain and when we’re in the market for what will likely be the largest purchase of our lives, finding the best deal and keeping our payments low is often worth the unknown and potentially dangerous territory of foreclosed homes. We’ve all heard of foreclosures but most people, when in the market for a new home, still take the traditional path of buying properties that […]

Kids & Money: What Will College REALLY Cost You?

When it comes to the cost of college, many parents and students consider only what they will pay for tuition. The listed tuition price is often the price that is considered the most important; it is usually the highest single cost. However, it is important to look at more than just tuition costs when making a plan to pay the college education bill. […]

Protect Yourself from Catastrophic Loss With an Umbrella Policy

What happens when you are sued for more than your basic homeowners or auto insurance policy covers and are found liable? Well, for most people, it would mean liquidating unprotected assets in order to satisfy the judgment. This may mean garnished wages, selling property, and possibly losing some of your investments. […]

Is Renting a Car Cheaper for a Long Road Trip?

Monica wrote in with a question that I thought deserved a detailed answer. I’m going to be driving from northern Minnesota to Dallas, Texas for a week this summer, then returning home. I own a 2008 Toyota Corolla with 34,000 miles on it. […]

Why It’s Okay to Buy a Mega Millions Ticket (Even After You’ve Done the Math)

This post is from GRS staff writer Donna Freedman. Donna writes the Frugal Cool blog for MSN Money and writes about frugality and intentional living at Surviving And Thriving. Recently I outed myself as an occasional lottery player and as a person who thinks that lotteries in and of themselves aren’t so bad. I don’t think they’re good. […]

FaxZero Review: Send 3 Pages Faxes for Free

A few years ago I tried to find the best internet fax options and came away with few options that impressed me. Fast forward a few years and of the companies I listed on that page, the only I still use is FaxZero. What do you get? […]

Ask the Readers: How Do You Save Money When Dining Out?

If you are like most people, chances are you find yourself dining out with family or friends at least a couple times each month. While it's fun to head to a restaurant to catch up with loved ones, somtimes dining out can be a bit costly. Luckily, there are ways to save when you grab a bite to eat with family or friends! How do you save money when dining out? Do you share a meal with someone? […]

18 Ways to Make Old Things Seem New

We're pretty accustomed to an economy that encourages us to buy, use, and dispose of things. Furniture, clothing, electronics — nothing really seems to LAST anymore, does it? Well, let's say that you have something you really like — maybe an heirloom armoire or a pair of shoes or an old Datsun, and you WANT that thing to last. There's nothing wrong with that. […]

7 Money Moves to Make When You Get a New Job

Whether you are trying to change positions, find work again after a layoff, or simply start your career, it's easy to jump for joy when you get a job offer and forget all about your wealth for awhile. Yet, this is a great time to think about your finances, because taking the right steps now can really accelerate your asset accumulation. […]

Best Money Tips: Negotiate for Lower Rent

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on negotiating rent, last-minute tax tips, and credit card expiration dates. Top 5 Articles Negotiate for Lower Rent and Live Large on a Small Budget — Negotiate your rent by offering to pay early and go paperless. […]

What to Do With a Junk Car

As soon as you drive off the lot in your new car, it depreciates in value by about 15%, and continues to depreciate by about 15% every year thereafter. After about 10 years, the vehicle is almost worthless, especially if you bought it used. But almost worthless isn’t completely worthless. […]

80-20 Your Finances

You've heard of the Pareto principle, right? It states that, for many events, roughly 80% of the effects come from 20% of the causes (or effort.) This holds true in all sorts of situations. In business, 80% of the profits are usually generated by 20% of the products. At church, 80% of the serving is done by 20% of the members. At non-profits, 80% of the giving is done by 20% of the population. […]

Mortgage Payoff Progress for April 2012 with Chart

Two years ago my wife and I purchased our very first home. We have a conventional, fixed-rate 15-year mortgage. Our goal is to pay it off our mortgage in less than ten years. As of April 9, 2012, we have made 25 regular monthly mortgage payments. We have also made several additional principal-only payments. Our mortgage payment is drafted from our primary checking on the first day of each month. […]