July 17, 2013

Join Our Tweetchat on Thursday 7/18, 12pm PST for a Chance to Win $300 in Prizes!

Join our Tweetchat this Thursday at 12:00 p.m. Pacific/ 3p.m. Eastern for lively conversation and a chance to win a $200 gift card or one of two $50 gift cards! Use #WBChat to participate. This week's topic: Student Loans! Join us as we talk about how student loans affect life decisions, repayment strategies, and whether or not college is a good financial investment. […]

Starting the School Year the Frugal Way

Now that I have two young ones in school (and one of them in preschool … one who likes to make sure to tell everyone that he is also in school), the annual cycle of buying school supplies and preparing for the upcoming year is now a part of our lives. Thankfully, the past few years have taught us several useful tactics for making this annual rite pass by in a much less expensive fashion. […]

403b Loan – How to Borrow Money From Your Retirement Plan

During my years as a financial advisor and retirement planning consultant, one of the most common complaints I received from people was about being able to take money out of their employer-sponsored retirement plans such as a 401k or 403b. For more on what the 403b is check this out. They insisted that it’s their money so they should be free to do with it what they want. […]

Are You Prepared for the Challenges that Come with Longevity?

Thanks to modern medicine, and an overall increased quality of life, people are living longer and longer. Indeed, the current life expectancy for someone in the United States is 81 years for women and 76 years for men (that’s from birth). That’s quite an increase from 1950, when the average life expectancy at birth was 68.2. […]

IRA Balances At Five-Year Highs: Time for a Retirement Check-Up

Thanks to the stock market’s upward trend since the recession (if the trend hadn’t been upward, we couldn’t say “since the recession”), policy changes that allow investors to convert traditional IRAs to Roth IRAs without limit other than the income tax bill, and perhaps even younger savers inspired to plan for their retirement by saving more of their income in these particular savings vehicles, IR […]

The Simple Dollar Weekly Roundup: Accountability Edition

The best way to make sure that you actually achieve a goal you set for yourself is to let others know about it and ask them to help make sure you get there. If their friendship is worth even a little bit, they’ll help you. They’ll ask you about your goal until you ask them to stop. […]

How Long Does It Take to Get Life Insurance?

Tick tock, tick tock. How's long it going to take? I've got places to be. A common question I get about getting life insurance is, "How long does it take? […]

Dollar For Dollar Debt Reduction

My wife and I continue to work towards paying off our mortgage.  Each month we make our regular mortgage payment – and then we make an additional, principal-only payment. For those curious, we send the regular mortgage payment on the first day of the month – and the principal-only payment on the second day.  Our mortgage company (actually, the mortgage company that purchased our mortgage from our […]

How to Pay Down Debt & Establish a Solid Financial Foundation

Notes from Jim: I’ve been fortunate in my adult life to have avoided credit card debt. As a result, I don’t have first hand knowledge of what it’s like to have to repay high interest debt and establish a solid financial foundation. […]

Adventures in returning to the envelope system

This post is from staff writer Kristin Wong. I first read about the envelope system back in college. I used it regularly, but after graduating and paying off my debt, I sort of abandoned it. I’d gotten a hold of my finances, and I figured I could budget safely without having to use this tactic. I could afford to give myself a break. […]

Best Deals for Wednesday 07/17

Link for teaser title:  http://www.wisebread.com/deals Google Play offers select MP3 singles FREE: Nirvana, The Shins, No Age, more, JetBlue: 90% off roundtrip flights, and more! […]

25 Reasons Why You Should Take a Walk

I'm always a little amazed when people drive across town to the gym, hunt around for a place to park, change their clothes, sign up for a treadmill, and wait in line to use it, all just to take a nice 30 minute walk. Not that there's anything wrong with walking. Walking's great. But I have a theory that making such a big production of it makes it more work than fun, more exercise than pleasure. […]

Getting Your Travel Rewards on the Ground

Airlines were among the first travel providers to offer loyalty programs for their frequent customers, and when we think of award travel, we usually mean frequent flyer miles. And while air travel is often the most expensive part of our vacations, hotels and rental cars can equal or exceed the cost of airfare in some instances. […]

Best Money Tips: Money Lessons to Teach Kids in High School

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on money lessons to teach kids in high school, phrases that kill resumes, and how to stop stressing over money. Top 5 Articles 8 Money Lessons to Teach Kids in High School — It is important for high school students to learn that compound interest is their friend. […]

Calling attention to retention

This post is from staff writer Jeffrey Steele. I’ve been a member of a local professional association for more than 20 years. The group holds monthly meetings, and the program committee comes up with a different program each month, usually featuring one or more guest speakers. […]

How to Pick and Cut a Watermelon (and Eat the Rind Too!)

It's watermelon season! There are few things better than eating watermelon on a hot summer day. Now, if only it was easier to get it onto your plate. Here are some tips on how to pick and then cut a watermelon. (See also: 6 Unique Ways to Eat Watermelon) Joanne Ozug from FifteenSpatulas explains how to pick the best watermelon, and then how to cut it. […]

Is the best college major “unusual?”

If one looks at salary alone, a college degree pays.  People with a bachelor’s degree or higher enjoy a below-average unemployment rate and an above-average salary, according to the Bureau of Labor Statistics.  (A hefty student loan payment can eat into that advantage, though.) No doubt also that one’s choice of major can pigeonhole a person in one part of a widely-varying income range.  Choice of […]