Personal Finance

Choosing Life Insurance: Term or Permanent?

What is better: buying life insurance at a low price that lasts for a certain term (typically, the income-generating part of the insured’s life) or purchasing a whole life policy f

Debt repayment is not an expense

Over and over again, in budgeting articles and even books on personal finance, I see sample budgets that include debt repayment as if it were an expense. This shows a fundamental

6 Steps to Eliminating Your Debt Painlessly

Eliminating Debt Painlessly. Rarely do you see these words fit together in a neat little sentence. The very act of putting your hard earned money towards the stack of debts you've

Federal Reserve cuts the discount rate

In response to the recent credit squeeze, the Federal Reserve did something unusual: they cut the discount rate without cutting the federal funds rate. The federal funds rate is the rate at which banks lend to one another. [more]

The false goal of maximizing investment returns

Along about the middle of the dot-com boom--when the market had already had two years of 20% annual gains--I read an article that suggested that individual investors had no need of a cash reserve, because they could use credit cards in an emergency. [more]

How to Erase Your Medical Debt

As most of you know, the cost of healthcare in the United States is outrageous! (Sicko, anyone?) For those lucky enough to have good medical insurance, an illness or an injury does not become a financial burden. [more]

Your 401(k) is not an investment

Your 401(k) is not an investment. Neither is your IRA. Those are legal compartments for holding investments. Your investments are the mutual funds, stocks, bonds, and so on that you've bought. [more]

What's Faster for Mortgage Payoff: $100/Month Extra or 1 Payment/Year Extra?

Is it better to pay $100 per month extra on your mortgage or make an extra payment at the end of each year? It depends on your loan balance and interest rate.

Laws the Leg-Breakers Don’t Want You to Know About

Gone are the days when debt collectors only hassled the lazy, financially inept, or the completely downtrodden and hopelessly unlucky. [more]

Lovely Links from All Over the Web

Just when you thought we couldn’t get anymore love from other blogs, Wisebread is thrilled to be mentioned by some very kind folks from around the web. [more]

Credit squeeze (formerly know as a panic)

There used to be a particular financial event called a panic. [more]

Jettison the Junk: Why Clutter Clouds Your Mind and Saps Your Energy

A life cluttered with junk not only takes up space — it can take your energy, too.

High tech for mass transit

The local bus company where I live has started providing a bunch of high-tech aids to riders. The coolest one is sophisticated trip planning. In a web browser, enter your starting point, desired destination, and departure time. [more]

Personal Financial Advisors awaiting your call

Financial advice is everywhere (even here at www.wisebread.com) from the bank teller to a wealth manager who wants to dispense planning advice, manage your investment portfolio, an

Opting out of the money economy

It's a quirk of mine that I've always found the idea of opting out of the money economy to be interesting.

My car payments are too much! What should I do?

Last August, I decided to purchase my first new car ever. I had only ever owned used (and entirely paid-for) vehicles prior to this. I researched the type of car that I wanted and

Plan for expensive fuel

Does your budget include a contingency for fuel to get much more expensive? Because it ought to. I learned about the need for contingencies early. [more]

Book review: Your Money or Your Life

This book is one of the classics of modern frugality, and it's been a source of some controversy. At the bottom, though, its message is a simple one: Pay attention. Pay attention t

Start with recurring monthly expenses

I tend to divide spending up into four categories. [more]

Stopping the Student-Loan Debt Stress

Is your student-loan debt causing stress, influencing you to make financial decisions that are not necessarily in your best long-term interests, and delaying your entry into what your parents may perceive as adulthood? If so, you aren’t alone. [more]

Latest Articles in Personal Finance

Credit Cards that Make Scoring Free Airfare Easy

Tired of jumping through hoops to use your airline miles? Check out this list of travel rewards credit cards that make flying free easy.

3 Easy Ways to Improve Your Credit Score During the Holidays

The holiday season can make a mess of your credit score. Why not make efforts to boost it instead?

5 Details Your Financial Adviser May Be Ignoring

You depend on your financial adviser for guidance on life's money matters. But they may not always consider the big picture.

How a Surprise Credit Limit Increase Can Harm You

You got a credit limit increase! Before you get charge-happy, there are a few important things to remember.

Best Money Tips: Must-Have Car Features That Will Save You Money

Today we found articles on must-have car features that will save you money, the best hacks for saving on Black Friday, and ways to make money in the next hour.

6 Ways to Make a Snowbird Retirement Affordable

So you want to pack your bags and spend the cold winter months of your retirement somewhere warm? Here's how to do it on a budget.

8 Signs You Desperately Need a New Credit Card

You may want a new credit card, but do you need one? Here's how to tell.

6 Simple Money Milestones Anyone Can Hit

Mega money goals can feel overwhelming. Check these simpler ones off your list while you're grinding toward the big ones.

How to Stack Credit Card Rewards to Earn Even More

Earning credit card rewards is great, but being able to stack them and save big is even better.

10 Money Goals You Should Set for the Holidays

The holidays can blindside your bank account. This year, make it a goal to be kind to your finances!

First Rule of Financial Wins: Avoid Losses

Financial freedom isn't about swinging for the fences. A strategy based on avoiding losses can pay off big.

When Dropping Your Life Insurance Is the Right Decision

You know how important it is to have life insurance. But when is it OK to drop it?

5 Excuses We Need to Stop Making About Overspending

You deserve it. It's on sale! There are dozens of excuses for overspending, and it's time to stop making them.

8 Secrets to a Debt-Free Holiday Season

The holidays should be about family and fun and celebration — not about acquiring debt. Here's how to enjoy the former while avoiding the latter.

9 Things Sellers Should Watch Out for During Escrow

You've got a buyer for your home — now you just need to make it through escrow.

How to Turn Your Buyer's Remorse Into Better Financial Habits

Believe it or not, there's a silver lining to buyer's remorse — it can help you adopt some smarter spending habits.

How to Revive an Old Retirement Fund

If you've been neglecting your nest egg, it's time to bring it back from the dead.

11 Ways to Prepare for Your Best Black Friday

Black Friday can be a mega budget-buster. Avoid the damage and shop smarter by making these money moves first.

Make These 6 Credit Card Moves Now to Prepare for Holiday Shopping

Before the holiday season is in full swing, make these money moves so you'll be prepared.

Teach Your Kids About Money With Their Holiday Gift Lists

Kids see the holidays as a gifts-filled free-for-all. You can turn those gimme-gimmes into some valuable money lessons.