February 2013

The Challenge of Defining Wealth

What do you consider wealth? The other day I was a guest panelist for a regional NPR call-in show dealing with personal finance problems. One topic for discussion was the different value people put on living within their means and saving money. It was interesting hearing how far apart different people’s views are on this topic. […]

Something Will Go Wrong

Last night, I sat down and did a forecast of where Sarah and I will be financially over the next ten years. […]

How to Choose the Right Financial Adviser for You

Sometimes, we all need a little help from an outside expert. A financial adviser can help you create the right plan for your money, as well as keep you on track. However, you do have to be careful as you choose a financial adviser. Not every adviser has your best interests at heart. […]

JW January 2013 Net Worth

Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis, and February is “insurance month.” I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. […]

ShareBuilder to Lower Commissions March 1st

I just received an email from Sharebuilder, now owned by Capital One, and it seems one benefit of the ING Direct acquisition by Capital One is that commissions on trades at Sharebuilder will be going down on March 1st. A bit. Before the change, Sharebuilder Basic customers were paying $9.95 a trade while Sharebuilder Advantage customers paid $7.95 a trade. […]

Reader Mailbag: Children and Productivity

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. Baby, job change, and move 2. Voting for financial best interest 3. Exiting a mutual fund 4. Biweekly paycheck 5. Selling sports cards 6. Husband’s disastrous credit 7. City or country? 8. Storing LEGOs 9. […]

We Save So We Can Spend

A few weekends ago, we went home to New York in order to celebrate Chinese New Year with family and friends. The party itself was supposed to be on Saturday and we spent Sunday night in New York City with my sister and her husband. […]

The 5 Best Sewing Machines

There are a number of reasons why someone would be interested in owning a sewing machine at home. Perhaps you're a serious sewer who has been stitching your own clothes and fabrics for years, maybe you're a curious amateur who is interested in do-it-yourself design projects, or maybe you just want to save money on tailoring costs. […]

What to Do If You're Hit With a Huge Medical Bill

Maybe you've had an emergency come up or you had a necessary but costly procedure, and you're pressed to pay your medical bills. Don't ignore them (trust me, I've seen some horrid credit scores due to unpaid medical bills), but also don't panic. […]

The sneaky sales strategies of your local grocery store

It’s Thursday, and I’ve been to the grocery store five times this week. This isn’t normal for me. Usually, I take the time to plan and list what I need and get everything in one frugal, fell swoop. Not this week. Nope — this week I battled with work, deadlines and 14 days’ worth of laundry. They all won — I surrendered. […]

Best Money Tips: Things Car Salesmen Don't Want You to Know

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some fantastic articles on things car salesmen don't want you to know, busting out of your money comfort zone, and keeping your relationship fresh. Top 5 Articles Win the Negotiation: 7 Things Car Salesmen Don't Want You to Know — It is better to talk to a manager than a salesman when buying a car. […]

You Can Make a Big Life Change: Here's How

The life you have today is not the life that you have to have tomorrow. That may sound like an oversimplification, but the truth is that we each make a choice everyday to continue to live the lives we already have; just getting out of bed each morning is a choice we make. […]

An Interesting Conversation with My Dad

My parents visited us during the week of Christmas. We always look forward to them coming for the holiday and it's a great time to be together. It's too bad that we live far apart and can only do this a few times each year. […]

Another US Credit Downgrade Looming?

Remember back in August 2011 when Standard & Poor’s downgraded the US credit rating from Aaa to Aa+? Yeah, me too. S&P attributed it to: “The political brinksmanship of recent months highlights what we see as America’s governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.” And guess what? The situation hasn’t improved. […]

The Fallback Question

For many people, the interesting career path that they feel most passionate about is one fraught with risk. Entrepreneurship. The creative arts. Professional sports. All of those career tracks – and many more – are ones where success is relatively hard to come by. Let’s say you’re a relatively skilled high school baseball player. You dream of playing in the major leagues someday. […]

FMF March Money Madness, Round 1, Posts 33-36

Here we go with the first round of Free Money Finance March Money Madness (to follow all the action click on my March Money Madness category link and scroll down to read all the posts involved in this subject.) I've listed each "game" (one post versus another) in segments along with the wording provided by the author when the post was submitted. […]

Anonymous S January 2013 Net Worth

Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis, and February is “insurance month.” I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. Anonymous S is a 24-year-old engineer earning $67,000 a year plus bonus. […]

3 Ways Fear Can Harm Your Finances

We don’t often think of fear as something that can negatively impact our finances. However, our fears and biases can wreak havoc on what’s happening with our money. You might not realize it, but fear might be having a negative effect on your money. Here are 3 ways that fear might be harming your finances: 1. […]

Spending in depth: The hair care budget

When I started this journey on GRS, I included hair care in my category of irregular expenses. At that time, I estimated that I spent about $600 per year on service and $300 per year on product. However, I thought that since the year is over it was time to visit that category in depth and see what I am really spending so I can assess these costs, much like I did with the bagel budget. […]