Personal Finance

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]

Best investment: yourself

I read a lot of investment books. [more]

Broken down? Turn your pencil into a flashlight.

If there's one thing I know about travel, it's be prepared. But it's sometimes easier said than done. We all know we should carry emergency supplies in the trunk of the car, and one of those essentials is a flashlight. [more]

Are You Ready for Home Ownership?

My husband and I just moved to the Great Northwest, and we batted around the idea of purchasing our first home. We are both college graduates, have great jobs, and we’re ready to live the American Dream! [more]

Latest Articles in Personal Finance

5 Reasons Getting Rich Quick Is Unlikely and Always Will Be

If getting rich quick was easy, we'd all be doing it.

How to Start Investing With Just $100

Investing isn't just for the wealthy. All it takes is $100 — or less! — to get started.

How to Score an Empty Seat Next to You on Your Next Flight

Having an empty middle seat is almost like being in first class. Here's how to score that extra space on your next flight.

Best Money Tips: When Is the Best Time to Buy a Car?

Today we found articles on the best time to buy a car, ways to make the most of your time and money, and how to handle sentimental clutter.

6 Monthly Bills That Won't Affect Your Credit Score

It might seem like every little thing impacts your credit score, but these bills fly under the radar.

This Is How Much Our Tech Necessities Would've Cost in the '80s

The '80s brought us hair metal and spandex — and a super expensive way to enjoy all the things we take for granted today.

Best Money Tips: The Downsides to Early Retirement

Today we found articles on the downsides to early retirement, clever Alexa commands you will use over and over again, and creative ways to save money this summer.

7 Times You Definitely Will Be Charged Credit Card Interest

When you use credit cards, you should aim to avoid paying interest whenever possible. But there are times when it's unavoidable.

Want to Win at Personal Finance? Start a Money Club

Want to really win at money management? Join the club.

Best Money Tips: 10 Big Ways Retirement Will Be Different in 2030

Today we found articles on ways retirement will be different in 2030, awesome travel site to find the cheapest flight, and how solar panels can save you a fortune.

5 Money Moves Every Single Parent Should Make

Raising a kid by yourself takes strength, resilience, and perhaps most importantly, a solid financial footing.

How These 6 Assets Might Affect Student Financial Aid Eligibility

Financial aid is a huge help for every college student. Let's break down exactly what the FAFSA considers in its calculation.

8 Non-Finance Skills That Will Make You a Money Master

Becoming a money master requires skills — but not necessarily financial skills.

5 Common Habits of Retirement-Savvy Savers

Saving for retirement doesn't have to be hard. Follow in the footsteps of the savviest savers, and you'll be well on your way.

10 Pointless Fees That Are Sabotaging Your Budget

Just because you have been paying that fee doesn't mean you need to keep on paying it.

9 Ways to Save Big on Parking Costs

We waste a lot of money parking our cars. Here's how you can keep more dollars parked in your wallet.

Best Money Tips: How Much You Should Spend in Retirement

Today we found articles on how much you should spend in retirement, ways to save money on Father’s Day gifts, and how to use your vacation to improve your everyday life.

These 8 Modern Car Features Are Riskier Than You Think

Cars come with all the bells and whistles these days. Are they all really that safe?

The Right Way to Withdraw Money From Your Retirement Accounts During Retirement

You've spent decades saving for retirement — don't waste your savings on taxes by withdrawing your money foolishly!

The Smart Way to Talk About Money on Your First Date

Money may be a mood-killer conversation topic on a first date, so try these subtler ways to uncover your date's attitude toward money.