Free Money Finance

Free Money Finance is a personal finance blog designed to help readers grow their net worth. The site is over four years old and contains more than 7,000 posts on saving money, making money, investing, planning for retirement, and all other personal finance related topics.

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Latest Posts from Free Money Finance (page 9)

What is the Best Free Retirement Calculator?

I recently ran into a post that highlights the three best retirement calculators. It does a great job of detailing what the author considers to be the best options, including strengths and weaknesses, and summarizing the situation as follows: Free retirement calculators are plentiful on the web. These are three of the best, in my opinion. Try them. Try more than one. […]

How Many Americans Live Paycheck-to-Paycheck?

Time recently posted that nearly half of Americans live paycheck-to-paycheck. Their summary: Too many of us are living paycheck to paycheck. […]

Why I Use a CPA to Do My Taxes

Well, I just finished my 2013 taxes. And when I say "finished", I mean I finished my part of the taxes -- the roughly 10-15 hours or so it takes me to collect, organize, and summarize my financial transactions for last year. […]

Money Expectations

The Motley Fool has a great piece titled How to Get Rich, Feel Rich, and Stay Rich. The piece contrasts those who make a lot of money and are unhappy with those who make relatively little and are joyful. Here's a summary of their thinking: Wealth is relative. Those are probably the three most important words in personal finance. Gary makes $25,000 a week and feels inadequate. […]

Millionaire Interviews 22

Here's the latest in my series of millionaire interviews, discussions with everyday people who have practical tips and insights into growing and managing wealth. My questions are in bold italics and their responses follow in black. Let's get started... How old are you (and spouse if applicable, plus how long you've been married)? I am 58 and my wife is 56. […]

2013 Net Worth Review

Each year on FMF I post a review of my net worth and detail the ups and downs of the previous year. Here are my 2013 net worth highlights: Net worth ended 2013 at another all-time high, up 19.5% versus the previous year. […]

The Retirement We're All Trying to Avoid

When I read this piece from MSN Money it made me think of one word: yikes! Here's the part that made me squirm: At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrato […]

Help a Reader: Buying a Home

Here's an email I recently received from a reader: I have been a long-time renter, but now married with 2 small kids I’m considering buying my first home. […]

How Long Should I Keep Financial and Tax Records?

The following is a guest post from Marotta Wealth Management. If you haven't been traumatized by an IRS audit, you probably don't keep much financial documentation. If you have, you are probably terrified to part with a single receipt. The IRS is one of the few courts where failure to produce proof of your claims results in the assumption that you are guilty of tax fraud. […]

The 50/20/30 Budget

MSN Money details what they call the "50/20/30 rule" for budgeting as follows: According to the 50/20/30 rule, your monthly budget should be divided into three distinct categories of expenses: 50 percent should be reserved for essentials (think housing and food), 30 percent should be allocated for lifestyle choices (things like nights out and 121 channels of cable) … and at least 20 percent sho […]