February 13, 2013

Three Life Lessons About Life Insurance

Life insurance is a topic that has danced in and out of my life over the years. Here are three little tales about the times when life insurance has impacted my life and what valuable lessons I’ve taken away from those experiences. A Childhood of Ill Health I don’t know how often I’ve mentioned this on here, but I spent much of my childhood in and out of hospitals. […]

Join Our Tweetchat on Thu 2/14, 12pm Pacific for a Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win prizes! Use #WBChat to participate. This week's topic: Tipping! Learn about tipping rules and strategies! […]

Lending Club to Issue Revised Tax Documents

Speaking of Lending Club and tax documents… Earlier this week I received an e-mail from them stating that they will be issuing corrected 1099-OID, 1099-INT, and 1099-B forms for 2012. They didn’t say what was wrong, but they cautioned recipients to wait for the new forms before filing. I’m also not sure if this e-mail was targeted to specific investors or if they sent it out to everyone. […]

Streamlining Your Hobbies, Streamlining Your Money

I’ll be the first to admit that I have a lot of interests. Without skipping a beat, I can name off a dozen hobbies that I actively enjoy and a dozen more that I enjoy on occasion. I know I’m not alone in this. I have quite a few friends who are roughly my age, have careers, have children at home, and have a ton of interests. […]

Putting Lending Club on Auto-Pilot

In response to my latest update on our Lending Club portfolio, I was asked why we’re winding down our holdings. My response was that it’s too much of a time sink. A reader named Simon then said: “I imagine Lending Club will have a feature someday to auto-invest for you. At that point, lending with them will become dramatically more passive.” This is an excellent point. […]

Free Money Finance March Money Madness, Round 1, Posts 9-12

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. […]

Which Personal Finance Software is Right for You?

I grew up before the golden age of personal finance software. When I opened my first checking account (a joint account with my mom), it was all about the paper checks, keeping track of your spending in the register, and reconciling your bank account each month. As a result, I’m a fan of personal finance software that looks kind of like a checkbook register. […]

Raising the Minimum Wage to $9

In his State of the Union address to the United States Congress and the television-viewing audience around the world, President Obama called for an increase in the federal minimum wage as a way to reduce poverty. If you believe that business owners have a right to pay whatever the market will bear, minimum wages, whether endorsed by the federal government or the state, are unacceptable. […]

Are you spending a fortune on Valentine’s Day?

Wow.  Tomorrow is Valentine’s Day.  Kinda sneaks up on you.  Right, guys?  You have exactly one day to avoid succumbing to the capitalists. I received an e-mail today with the post’s title as the subject line.  It’s a thoughtful question. My wife and I have it pretty easy as far as Valentine’s Day expenses go.  We were married on Groundhog Day.  (Eleven years and counting.  If you do a little math […]

MyMoneyCheckUp Review by National Foundation for Credit Counseling

We’ve been fortunate enough to avoid debt for much of our lives, something that many Americans aren’t able to do if you believe the statistics. So while we’ve never had a need to consult the National Foundation for Credit Counseling, I have heard good things about it and the work they’re doing to help educate people about many of the basics of personal finance and personal responsibility. […]

Is Peer Pressure Keeping You Poor?

Like every other Wise Bread writer, I hate debt. Although my debt doesn’t keep me awake at night, it is one of the things I think about while brushing my teeth every morning. […]

How to Make a Major Career Switch Without Going Back to School

Recurring layoffs at your workplace, unwelcome developments in your chosen profession, or other life events may prompt career-oriented soul searching. A natural response is to return to school for retraining in order to launch a second career. But you don't have to go back to school in order to make a major career change. […]

The time I was sent to collections over $4

There is an old nursery rhyme about tiny things having major consequences. It’s about a horseback rider who was charged with carrying orders to battle during a war, but the horse’s shoe comes off and the horse goes lame. The end of the nursery rhyme is like this: For want of a nail the shoe was lost. For want of a shoe the horse was lost. For want of a horse the rider was lost. […]

Best Money Tips: Achieve Your Financial Goals

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on achieving your financial goals, signs you could be in financial trouble, and sticking to a budget. Top 5 Articles Five Ways to Achieve Your Financial Goals — To achieve your financial goals, tell someone about your goals so they can help hold you accountable to your goals. […]

Inexpensive Jewelry That Makes a Stylish Statement

When you want to look your best while spending the least amount of money possible, one solution is making judicious jewelry purchases. By looking for items featuring tasteful design and alternative materials, you can pull off a stylish look without running the budget train off the rails. Try some of these seriously stylish accessorizing solutions that come with an affordable price tag. […]

Reader Profile: EM

The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. […]