January 3, 2013

Living Below Your Means Is a Challenge For Everyone

The single biggest challenge for an individual trying to get control over their finances is not their income level. It’s their financial literacy and their awareness of the problem. Over the course of my life, I’ve lived at a wide variety of income levels. I grew up in a household without much money. I went through college without much money at all. […]

Same-Sex Couples Look for DOMA Ruling that Could Result in Big Tax Refunds

Since 1996, when the Defense of Marriage Act (DOMA) was signed into law, same-sex couples have been unable to take advantage of federal couples’ benefits, and they have been unable to file their federal taxes jointly. […]

Reader Mailbag: Sledding

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. Lost documents 2. Kids and too many gifts 3. Smart gift for young adult 4. Taxes: how early? 5. Online bill pay worries 6. Frugal burn-out 7. Book club? 8. How important is emergency fund? 9. Keeping car insurance 10. […]

Side Gig Thursdays: Steve Chou, Bumble Bee Linens

This week’s Side Gig Thursday is a bit of a unique one because it’s someone that I met at FINCON, a financial blogging conference, and the first case where a side gig became a full time gig for someone in the interviewee’s family. I met Steve Chou at the conference last year in Denver and I’ve since gotten to know him a lot better than I did before. […]

A Guide to Online Brokers for Investing Newbies (and Beyond)

Online brokers are known for cheap commissions on stock trades, along with low-cost account management services. These firms provide a place to start, grow, and maintain financial investments through regular brokerage accounts, retirement accounts, and more. […]

Mend a Broken Heart Without Breaking the Bank

When a relationship ends, many of us have a tendency to run straight to the nearest shopping mall for some retail therapy. Or maybe you’re the type who eats your feelings. Or maybe you travel to distract yourself or go out every night to the local bar. Whatever your coping strategy, a breakup often equals an empty wallet. But it doesn’t have to. […]

Romanticizing poverty and learning financial independence

In high school, I babysat a kid whose parents were pretty well off. And by “well off,” I mean they were crazy rich. One day I decided to take the kid out for ice cream — my treat. When we got to the ice cream shop, I only had enough money to buy him the small, and he wanted the large. What then followed wasn’t exactly a temper tantrum; it’s probably better described as a communication breakdown. […]

Best Money Tips: How to Stop Buying so Many "Wants"

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on how to stop buying so many "wants," saving money and the planet, and correcting the wrong money lessons. Top 5 Articles You Don't Need It! How To Stop Buying So Many "Wants" — To avoid buying wants, only use cash when making purchases. […]

Preparing for Your Demise

Okay, not a very cheery title, but the fact that death is a bummer subject is the problem. The mere fact that people don’t want to discuss it prevents them from taking care of some of the financial responsibilities associated with dying. So, if have avoided the subject so far, and in particular if you rolled your eyes when you read that title, then this article is for you. […]

Did You Get a Bonus Last Year?

Now that 2012 is completely over and businesses/organizations all across the country have had the chance to calculate annual bonuses, I wanted to ask you all: Did you get a bonus from work for your efforts last year? And if so, what did you do with it? I received a bonus and did two things with it: 1. We gave away a portion of it to a couple of our favorite charities.2. […]

Getting out of debt is a good deal all-around

Credit cards have been around for a while, mainly during the past sixty years.  They’ve made it easy for people to start a tab: buy now, pay later. The problem with buy now, pay later, of course, is that it’s likely that the thing you’re buying will cost more money in the long run.  There are a couple of times it won’t: If you pay your credit card balance off during the grace period, you usually […]