February 2013

Four Good Reasons You Should Rollover Your 401(k)

When I was in my mid-twenties, I switched jobs moving from one defense contractor to another. My former employer, Northrop Grumman, offered a dozen or so investment options in the 401(k) and, all things considered, it was a pretty good plan. The fees were a little high but not so much so that you felt ripped off and the options were fair – not too many funds and not too few. […]

Is Building an Emergency Fund Always a Good Idea?

The Great Recession of 2007 drove home the common-sense notion of being prepared. Specifically, it gave a lot of traction to the idea of having a 6-8 month emergency fund. […]

Get Fit and Pocket Up to $1,200 With Employer Wellness Programs

You may be able to pocket some serious cash if you get serious about your health. Wellness incentives at many employers are becoming financially attractive and worth the time, effort, and sweat to earn them. […]

Best Money Tips: Ways to Save Money at Target

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on ways to save money at Target, how to work abroad, and whether or not shopping can alleviate sadness. Top 5 Articles 10 Ways to Save Money at Target — To save money at Target, learn their markdown schedule and get a refund when items go on sale. […]

A scholarship for small-business folks

With student debt now topping credit card debt (see page 3 of the PDF), every penny that you can find to put toward education is wanted. We hear a lot about student loans, but not so much about scholarships as a way to pay for education. There are all kinds of scholarships, often sponsored by special-interest groups. […]

Talking Trash: Is Your Messy Mind the Cause of Your Messy House?

I’ve been messy since birth. One of the constants in my life has been arguing with my mother over how to clean the house, any house, properly. My neatnik mother is one of those naturally tidy people. You know the type. She’s so put-together that she looks like a flight attendant. “A cluttered desk equals a cluttered mind,” she’d say, passing me the feather duster. […]

How Are Your Taxes Prepared?

Business Week recently shared a chart that showed how Americans have their taxes prepared. 60% of people use an "expert" (their words) while 40% do it themselves. […]

Mortgage Payoff Progress End Of February 2013 With Chart

My wife an I are working hard to achieve our goal of paying off our mortgage early. As of March 2013, my wife and I will have lived in our new home for 3 full years. We have a conventional, fixed-rate, 15-year mortgage. […]

Working From Home: A Benefit or a Distraction?

Marissa Mayer, the CEO of Yahoo, is looking to improve her company’s performance. In a memo from the company’s human resources department to all employees, Mayer made her intentions clear. In order to build a more cohesive company of employees, all work from home arrangements are canceled. The confidential memo was made public by Kara Swisher at AllThingsD. […]

Teaching Kids How to Shop Around

Frugality is a toolset that anyone can use to squeeze more out of their dollars, and shopping around is just one of those tools. […]

Have You Thought about a Roth 401k?

When it comes to making retirement account contributions, it makes sense to carefully consider your options, and weigh your choices. In many cases, workers try to make a decision between a 401k and an IRA — or at least try to figure out which should be funded first. […]

An Example of Dividend Stock Investing

Several people have written to me recently asking me how exactly investing in dividend-paying stocks actually works. I thought I’d walk through this in a step-by-step fashion so that people can see how it actually works. First, a few caveats. Dividend stock investing is something I do with only a small part of our investments. […]

Help a Reader: Employer Doesn’t Offer 401(k)

I’ve been fortunate in that every employer I’ve ever worked for has offered a 401(k) defined contribution plan. I know that many people are not so lucky and reader Jennifer is one of them. Many smaller businesses can’t afford to set up a plan or simply don’t want to. Whatever the reason, Jennifer doesn’t have the option available to her. […]

Ask the Readers: Are You Filing Your Own Taxes This Year?

It's that time again — tax season! While some people feel confident that they can file their own taxes correctly, other people are more comfortable hiring a tax professional to give them a hand. Are you filing your own taxes this year? Why or why not? […]

The Paradox of Choice and the Mortgage Crisis

If you're interested in having an illuminating (if possibly boring) evening, ask your parents or grandparents to tell you about the details of buying their first house. After getting over your indignation at the fact that homes a mile from Washington D.C. […]

A spring-cleaning discovery

It’s amazing the number of things we can throw out and not miss. I do not wish to backpack through Third World countries living on a dollar a day, I hate the tiny house fad, and I am staunchly against miserliness, but I have to say: I find the slavery of things to be more of an encumbrance every day. Really. I’ve had it with things, and I’m starting to detest them. Well, almost all of them. […]

15 Ways to Solve Your Problem

We all have problems. Whether it’s something that’s been dumped on you at work, something at home, or something else entirely, life rarely goes 100% according to plan. No matter how large or challenging the problem, there’s nearly always a solution of some sort. All you have to do is find it. (See also: Got a Problem? Why You SHould Figure It Out Yourself) 1. […]

Best Money Tips: Have a Clean Place Without Cleaning

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on having a clean place without cleaning, giving memorable gifts without going into debt, and spending your tax refund wisely. Top 5 Articles 11 Ways to Have a Clean Place Without Cleaning — To have a clean place without cleaning, reduce the amount of stuff you have. […]

Potluck: A Fiscal Attitude Worth Adopting

Though I live a fairly — ok, thoroughly — domestic life, I spend a lot of time as a guest or host. […]

Reader Profile: MB

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. […]