Personal Finance

Borrowing to Invest: Helpful or Hurtful?

Can debt possibly be a good thing? Sometimes yes, sometimes no. But carrying debt that enables you to earn money is a concept called Leveraging, and can be v

The core rate is not an evil conspiracy

The Consumer Price Index was released today, showing prices were up 0.3% last month and up 2.8% from a year ago. The same report also includes the so-called core rate, which exclu

Long Term Care Insurance for Wise Bloggers

You, your parents, or your siblings may at some point, at any age, need help with the daily tasks of living. Who will provide this help, and at what cost? Long Term Care (LTC) ins

Chicago Wants to Keep the Change

Instead of using technology to make life easier for drivers, Chicago wants to digitally keep the change.

Better cars are not the answer

Wise Bread is an optimistic place. There are some people who can't see the congruence between optimism and frugality. I'm talking about the people who point to our progre

Don’t Cash That Insurance Check; It May Not Be Yours

Did you get an unexpected payment from your insurance company? Health insurance overpayments and mispaym

Good Debt, Bad Debt

Whether debt is good or bad depends on how you spend the money. From best to worst, here are the four categories of debt that one writer uses.

Link-Love in an Elevator

It’s time once again for another round of link love! We want to let everyone know how excited we are to see such a great response to our articl

A second emergency fund you never spend?

I ran across this idea in a book by some financial guru years ago. The book was packed with an odd mix of obvious and kooky ideas, of which this was one of the latter. For some r

Figuring the Size of Your Emergency Fund

The usual rule of thumb is 3 to 6 months' income. Of course that's silly--the size of your emergency fund needs to be based on your spending, not your income. But even 3

Socially Responsible Investing Goes Green

You drive and drink responsibly, spend your money responsibly, and act responsibly, don’t you? But do you invest responsibly? Can you invest responsibly?

5 Tips for Making Do with the Right Now

It seems easy to hold your breath and wait for situations in life to become clear, determined, and permanent. But what will you be missing in t

Personal Finance Lessons from Online Adventure Game (RuneScape)

A friend shared with me some strategies he's learned for playing RuneScape. Can these strategies be applied to personal finance? Let's see.

Book review: Retire on Less Than You Think

Halfway through Fred Brock's book Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future, I was already drafting a review that would

Reverse Mortgages: The Best Way to "Eat Your Home"?

A reverse mortgage allows a senior citizen homeowner to access the equity in their home without having to sell their house or otherwise uproot themselves unwillingly.

Creating an artificial windfall generator

Everybody enjoys getting a windfall. One of the attractions of the lottery (besides the infinitesimal chance that you might win a life-changingly huge amount) is that the smaller

The Frugal Balance: Staying Away from Financial Extremes

One of the most underrated financial x-factors in our lives is our relationship with money and the inner psychology of how we deal with our finances. I suspect that it is bec

Huge Tax-Free Investment Returns

The fact is, you can pretty easily get 30% or more on investments that are not only very safe but come with built-in inflation protection. But don't get too excited.

Five Easy Steps to Keeping Track of Expenses for the Self-Employed

I have had as many as five separate businesses at once to keep track of, including proper accounting of expenses for tax purposes. And it takes me no more than 5 minutes per wee

The Retirement Latte

My introduction to David Bach was when I saw him speak at a financial conference a few years ago. He told an interesting story about a couple who came in for a consultation with hi

Latest Articles in Personal Finance

How to Dispute Mistakes On Your Credit Report

Notice something amiss on your credit report? Don't fret. This is how you can dispute any mistakes.

The 8 Most Eye-Opening Money Attractions in the U.S.

Make your next vacation money-themed, and check out these eight amazing attractions across the U.S.

Someone Took Out a Loan in Your Name. Now What?

A fraudulent loan can have dire consequences for your personal finances. Here's how you can fix the problem, stat.

5 Things to Know Before Adding Someone to the Deed

Before you add someone to the deed on your home, you should be aware of these five things.

Banks Still Offering Free Checking and Savings with Great Interest Rates

Tired of fee-gouging from your old bank? Here are the banks with the best checking and savings terms.

Capital One 360: A Competitive Banking Option

CapOne 360 is a great option for those looking for low fees and great interest rates!

5 Best Online Checking Accounts

Whether you're looking to earn interest or for great customer service and reasonable fees, these five online checking account are all wise choices.

5 Ways Gig Economy Workers Can Save for Retirement

Even if your full-time job consists of several gig economy jobs, you can successfully save for retirement — here's how.

5 Renovations That Don't Increase Your Resale Value

Before you get started on a new home renovation, make sure you know if it'll increase your resale value.

How to Protect Yourself From Credit Card Theft

Don't let a scammer get a hold of your credit card number. Here's how to keep your account secure.

5 Reasons Not to Use Debit Cards When You Shop Online

Before you place an order through your favorite online retailer, consider these reasons to use credit instead of debit.

How Cosigning On a Student Loan Could Impact Your Finances

Before you cosign on a student loan, these are four important things to keep in mind.

16 Small Steps You Can Take Now to Improve Your Finances

Believe it or not, you can improve your finances in a big way by making several small money moves.

How to Maximize Rewards on Everyday Spending

If you're not using your travel or cash back card for certain expenses, you're leaving valuable rewards on the table.

How to Stay Calm During a Market Fluctuation

If you're tempted to bail on investments when you hear scary financial predictions, it's important you learn how to keep your cool.

The Pros and Cons of Refinancing an Auto Loan

Before you refinance your auto loan, here's what you need to know.

How to Make Better Financial Decisions

Focusing all your efforts into reaching one financial goal is a fairly straightforward process. But what about when you have more than one financial goal? This guide will help.

The Pros and Cons of Paying Off Your Debt Early

You dream of being debt-free, but is it all it's cracked up to be?

5 Things Keeping You From a Life of Financial Independence

These are common obstacles that could be standing between you and sweet financial freedom.

Should You Use a Personal Loan or a Home Equity Loan to Remodel Your Home?

Looking to remodel your home? Here's how to decide between a personal loan and a home equity loan to pay for it.