finances http://www.wisebread.com/taxonomy/term/7885/all en-US What’s Your Budget Personality? http://www.wisebread.com/what-s-your-budget-personality <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-s-your-budget-personality" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_using_tablet_000050902322.jpg" alt="Woman figuring out her budgeting personality" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Our personalities inform how we approach every part of our lives. From the workplace to friendships and even at home, your distinct style is uniquely yours when you interact with the world around you. This goes for budgets, too. Personalities often impact how you spend, save and manage your money, sometimes positively and sometimes impeding your progress.</p> <p>Do you know your budget personality? Check out these four common types and corresponding tips to jump-start your road to better financial health. You just may recognize yourself!</p> <h2>The Go(al)-Getter</h2> <p>You set incremental goals, map out a plan and then make it happen. Save for a big purchase? Check. Increase retirement savings? Check. Put money aside for a down payment? Check. Your drive, ability to focus and discipline help you stick to your plans and achieve what you want out of life, including hitting your financial goals big and small.</p> <p><strong>Tip</strong>: You plan for everything, but don't forget to plan for unexpected expenses like a car breakdown, a broken leg, or even three destination-wedding invitations in your mailbox! To keep with your planning personality, tell yourself, &ldquo;My car&nbsp;<em>will</em>&nbsp;eventually need repair,&rdquo; and &ldquo;I <em>will</em>&nbsp;have medical expenses at some point.&rdquo; That way you can anticipate the unexpected. Look at your budget from last year and map what categories you&rsquo;re most likely to experience surprises. In the world of budgeting, sometimes lightning does strike twice!</p> <h2>The Automater</h2> <p>You fill your life with the things you love: friends, family, and hobbies. Money isn't your favorite topic &mdash; it probably doesn&rsquo;t even crack the top 10. But that doesn't mean you don't stay on top of your financial responsibilities. You've created a system that does the work for you: automatic bill pay, deposits to your savings account from each paycheck and round-ups into an investment account with each purchase. Knowing your money is managed in the background of life gives you comfort as you go about your business.</p> <p><strong>Tip</strong>: Automation is a great way to manage your bills and saving, but don&rsquo;t become robotic about your budget. You may miss out on opportunities to optimize your money. Look at money coming in and going out of your accounts monthly. You may find that you're spending money on services you're not using (e.g. subscriptions) or not taking advantage of offers like credit card points or company 401(k) matching.</p> <h2>The Busy Bee</h2> <p>You are always on the go, so your phone is a mobile command center for your life. Your phone helps you understand your daily &ldquo;to-do list&rdquo; &mdash; alerts and push notifications make sure you're at meetings, kids' functions and paying your bills on time&hellip; even if it&rsquo;s by the skin of your nose! You focus your seemingly endless energy to what's immediately next, often doing three things at once&hellip; rarely without a phone in your hand to accelerate your tasks.</p> <p><strong>Tip</strong>: Mobile tools have made budgeting efficient and easy, even while in the car or at work. But don't forget to slow down and think about the big picture. Where do you want to be in 5, 10, and 20 years? Do you have the financial plans in place to make that vision a reality? Though it may be hard to imagine even a week in the future, make time for yourself (and your partner, if someone is along for the ride) to discuss what you want out of your future and make a plan together.</p> <h2>The Avoider</h2> <p>For you, money = worry. As a result, you avoid the subject as much as possible; putting off bills and financial decisions until they become late notices and missed opportunities. Your budget is more &ldquo;approximation&rdquo; than exact math, which usually creates more worry than your thoughts on money in the first place!</p> <p><strong>Tip</strong>: Start small. Creating a budget may seem like an insurmountable task, especially for someone who feels like they don&rsquo;t have enough money to cover his or her expenses. Knowledge is a powerful ally when cleaning up your financial act. Start off by tracking everything you spend in one week vs. the money that you bring in. You may discover things you didn&rsquo;t know about your spending habits. Once you see the value of these insights, <a href="https://www.mint.com/">Mint</a> can help you establish a budget and set you on a path to be worry-free.</p> <p>What&rsquo;s your budget personality? Share in the Comments or on Twitter with hashtag #BudgetPersonality.</p> <p><em>This is a guest contribution from our friends at&nbsp;<a href="https://blog.mint.com/" target="_blank">mintlife</a>.</em></p> <div class="field field-type-text field-field-blog-teaser"> <div class="field-items"> <div class="field-item odd"> What&#039;s your budget personality? Find out here! </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mint">Mint</a> of <a href="http://www.wisebread.com/what-s-your-budget-personality">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/too-broke-to-be-frugal">Too broke to be frugal?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-money-moments-that-are-awkward-for-everyone">10 Money Moments That Are Awkward for Everyone</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-grocery-budgeting-a-game-the-price-is-right-style">Make Grocery Budgeting A Game, The Price Is Right Style</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-often-do-you-get-your-paycheck">How often do you get your paycheck?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/getting-by-without-a-job-part-1-losing-a-job">Getting by without a job, part 1--losing a job</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Budgeting budgeting finances personality types spending habits Wed, 04 Nov 2015 17:16:29 +0000 Mint 1598543 at http://www.wisebread.com 5 Essential Things Women Should Know About Investing http://www.wisebread.com/5-essential-things-women-should-know-about-investing <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-essential-things-women-should-know-about-investing" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/women_investors_000054398090.jpg" alt="Things women should know about investing" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to investment decision-making, women wield greater economic power than ever before. They now comprise nearly half the workforce and half of all household breadwinners &mdash; but their financial literacy levels still trail. Here are five important ways women are still behind &mdash; and how to catch up.</p> <h2>1. Women Earn Less Than Men</h2> <p>A growing number of women are primary breadwinners, yet women earn just 77 cents for every dollar earned by their male colleagues working in the same positions, despite having equal qualifications. The &quot;gender-gap&quot; is even wider for African-Americans, who earn just 64 cents on the dollar, and Latino women earning 56 cents for every dollar earned by men.</p> <p>To tackle this pressing issue, in 2009 President Obama enacted the <a href="http://www.lillyledbetter.com/">Lilly Ledbetter Equal Pay Act</a>. Another initiative taken under the Obama Administration is the <a href="https://www.whitehouse.gov/sites/default/files/equalpay/equal_pay_task_force_progress_report_june_2013_new.pdf">Equal Pay Task Force</a>, which is comprised of several federal agencies, including the U.S. Equal Employment Opportunity Commission, the Department of Justice, the Department of Labor, and the Office of Personnel Management.</p> <h2>2. Women Live Longer and Save Less For Retirement Than Men</h2> <p>The average female life expectancy in the United States is age 81 &mdash; about four years more than men. Yet according to a recent study, women save 40% less for retirement than their male counterparts. &quot;This is especially concerning because women live longer than men, and thus need more retirement savings. In addition to a longer average lifespan, women are more likely to have work disruptions for caregiving that hinder their capacity to save. Therefore, they need to capitalize on savings opportunities while they are working,&quot; says Cecilia Shiner, senior analyst.</p> <h2>3. Women Are Less Likely to Receive Retirement Benefits</h2> <p>Of the 62 million working women, the U.S. Dept. of Labor says only about 45% contribute to a retirement plan, because many are likely working in part-time jobs due to family obligations and do not meet the qualifications to contribute. Women who find themselves in this position should <a href="http://www.wisebread.com/how-to-set-up-an-ira-to-build-wealth">open an Individual Retirement Account</a> (IRA) and max-out the contribution limit for every year they are employed.</p> <h2>4. Women Lack Confidence in Their Ability to Invest</h2> <p>As a 2014&ndash;2015 Prudential Financial research study shows, women have not improved their <a href="http://www.prudential.com/media/managed/wm/media/Pru_Women_Study_2014.pdf?src=Newsroom&amp;pg=WomenStudy2014">understanding of insurance</a> and financial products over the last decade despite the 2008 financial crisis. However, the same study reported that women are becoming more confident in terms of managing their day-to-day finances (i.e. budgeting and saving). This is extremely significant because it's the first step towards having the discretionary income needed to invest.</p> <h2>5. Women Invest Differently and Are More Risk Averse</h2> <p>Women <a href="http://www.wisebread.com/the-4-best-investments-for-lazy-investors">invest more</a> conservatively than men. A Barclays Wealth Insights study found that men were more likely to consider themselves financial risk-takers and were more willing to choose high-risk investments in order to achieve higher returns. Even when other approaches would have achieved higher gains, women pursued a steadier course and had more stable returns.</p> <p><em>What do you wish you knew more about investing?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/5-essential-things-women-should-know-about-investing">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-times-you-shouldnt-invest-in-stocks">10 Times You Shouldn&#039;t Invest in Stocks</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-biggest-myths-about-investing">The 10 Biggest Myths About Investing</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-steps-for-a-womans-financial-self-defense">6 Steps for a Woman&#039;s Financial Self-Defense</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-paying-off-your-mortgage-early-costing-you-money">Is Paying Off Your Mortgage Early Costing You Money?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment 401(k)s finances retirement women Fri, 22 May 2015 11:00:21 +0000 Qiana Chavaia 1429695 at http://www.wisebread.com 4 Ways to Stop Your Spouse From Overspending http://www.wisebread.com/4-ways-to-stop-your-spouse-from-overspending <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-ways-to-stop-your-spouse-from-overspending" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/money_saved_piggy_banks_000055929726.jpg" alt="Learning how to keep your spouse from overspending" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Spouses aren't always honest with each other when it comes to money. A study released earlier this year by CreditCards.com found that nearly one in five U.S. consumers have hidden purchases of $500 or more from their live-in partners or spouses. The same study found that nearly 7.2 million people have hidden a bank or credit card account from their spouse or partner.</p> <p>It's no surprise, then, that partners often butt heads over spending decisions. One partner wants to save. The other likes to spend, and will spend enough each month to break the household budget, often hiding these purchases until they show up on next month's credit card statement.</p> <p>What if you are the financially responsible partner in a relationship? Is there anything you can do to stop your partner from blowing your household savings on video games, clothes, or expensive electronics?</p> <p>There might be. Changing a partner's bad spending habits requires plenty of work and even more communication. To start, check out these four tips for changing your partner's free-spending ways.</p> <h2>Set a Regular Money Meeting</h2> <p>Robert Stammers, director of investor education at the CFA Institute &mdash; a trade association serving investment professionals &mdash; says that couples need to be willing to talk about money. Unfortunately, too many couples never hold these financial talks.</p> <p>This isn't surprising: Money often scares couples. A survey released in early 2015 by the National Foundation for Credit Counseling found that 47% of couples say that money disagreements are the most common <a href="https://www.nfcc.org/press/multimedia/news-releases/january-nfcc-survey-reveals-top-financial-relationship-stressors/">cause of stress</a> in their relationships.</p> <p>But not talking about money as a way to avoid these disagreements is a mistake. A partner who overspends needs to realize the consequences of this behavior. That can't happen if partners never talk about money. Stammers recommends that couples set a regular meeting date &mdash; maybe once a month &mdash; to talk about money issues.</p> <p>&quot;No two people have the same ideas and philosophy about money and investing, so it is important to determine upfront what is important to the both of you,&quot; he says.</p> <h2>Set Aside Some Fun Money</h2> <p>Creating a separate bank account for fun money might be a solution, says Kelley Long, resident financial planner for El Segundo, California's Financial Finesse, and a spokesperson for the National CPA Financial Literacy Commission.</p> <p>This account will give the overspending partner a bit of financial freedom, and might prevent this spouse from breaking into a couple's main account set aside for paying the mortgage, car payment, and other bills, Long claims.</p> <p>&quot;This money can be spent without restriction or comment,&quot; Long says. &quot;When the money in the account is gone, the spender has to wait until the next payday to spend again.&quot;</p> <p>If the overspending partner raids other accounts after cleaning out the &quot;fun money&quot; account? Then a relationship has more serious trust issues that must be addressed, Long says.</p> <h2>Don't Let the Money Come Home</h2> <p>Michael Chadwick, chief executive officer of Unionville, Connecticut-based Chadwick Financial Advisors, has a more practical solution: Send more of the money you're earning into a retirement account and less of it into your savings account. Your overspending spouse can't spend the money you've stashed in a 401(k) account.</p> <h2>Let the Spender Take Control &mdash; For a Month</h2> <p>It may be counterintuitive, but it might help to have your free-spending partner pay the bills and manage the budget for at least a month. As Chadwick says, this might provide your partner with some insight into why wasting money on unnecessary purchases is such a problem.</p> <p>If none of these tips work? Your overspending partner might have a more serious issue, one that perhaps only counseling can solve, Chadwick says. &quot;Spending and shopping when out of control are no different than smoking, drugs, or alcohol.&quot;</p> <p><em>How do you and your spouse or partner manage money?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/4-ways-to-stop-your-spouse-from-overspending">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-money-saving-tricks-to-know-before-buying-an-engagement-ring">12 Money-Saving Tricks to Know Before Buying an Engagement Ring</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-financial-perks-of-marriage">10 Financial Perks of Marriage</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/spouses-and-debt-whos-really-on-the-hook-for-those-bills">Spouses and Debt: Who&#039;s Really on the Hook for Those Bills?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-relationship-rules-you-should-be-breaking">10 Relationship Rules You Should Be Breaking</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management Family couples finances marriage Spending Money Tue, 28 Apr 2015 13:00:28 +0000 Dan Rafter 1399139 at http://www.wisebread.com Back in Debt? Here's How to Pay it Off for Good http://www.wisebread.com/back-in-debt-heres-how-to-pay-it-off-for-good <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/back-in-debt-heres-how-to-pay-it-off-for-good" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple_doing_taxes_000020148166.jpg" alt="Couple back in debt and learning how to pay it off" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Finding yourself back in debt after having paid it off before is a horrible feeling. I know, because I've been there. In 2012, I spent 14 months aggressively paying off <a href="http://www.huffingtonpost.com/carrie-smith/getting-out-of-debt-_b_1581507.html">$14,000 of consumer debt</a> and worked hard to become debt free for the first time in life.</p> <p>Then, in 2013 I decided to quit my job to pursue my own freelance business. This is when my financial situation became much more volatile and resulted in taking on a bit of business debt to keep things going. So when I say that it's a horrible feeling to be debt free only to find yourself back in debt, I mean it. It's not fun!</p> <p>If you find yourself in a similar place, here's the strategy I'm using to pay it off again &mdash; and keep myself out of debt <em>for good</em>.</p> <h2>Identify the Problem</h2> <p>Before you can begin to pay off debt and get back on track, it's vital that you understand <em>why </em>and <em>how </em>you're back in the situation. Creating a permanently debt-free life is much more difficult than working towards becoming free of debt for the first time.</p> <p>The mindset and lifestyle changes are vastly different. This is something I miscalculated when I first got out of debt, as I obviously didn't change my mindset or spending habits sufficiently. I'd stopped using credit cards as part of my debt payoff plan, but after about a year I thought I could handle using them again. Wrong!</p> <p>I also thought that <a href="http://www.wisebread.com/basic-tips-for-investing-in-a-business-1">investing in a new business</a> was a smart idea as it would pay off in the long run. That's all well and good, but you have to draw the line as <em>how much</em> you're going to invest in business ventures and <em>how often</em> you use credit cards as an extension of your income.</p> <p>The need to depend on personal loans or credit cards for additional cash flow proved that my new business wasn't bringing in enough income to survive on its own. Doing a thorough inventory of my spending habits to elucidate why I was back in debt again showed that I needed to not only change my mindset, but also find ways to bring in more money.</p> <h2>Try a New Plan of Action</h2> <p>Obviously, if you've gotten out of debt once you can do it again, but in order for this time to really stick, you have to change your approach and try something new. As Albert Einstein put it, &quot;Insanity: doing the same thing over and over again and expecting different results.&quot; So don't expect to follow the same plan and have it work better this time.</p> <p>My mistake was that I viewed getting out of debt as the end goal. But getting out of debt is merely step one, and <em>staying out of debt</em> while changing your mindset and spending habits is a very long-term step two.</p> <p>My new plan of action includes:</p> <ul> <li>Finding ways to level out my inconsistent income<br /> &nbsp;</li> <li>Bringing in multiple streams of income to have more of a cushion<br /> &nbsp;</li> <li>Stopping the use of credit cards and loans as an extension of income<br /> &nbsp;</li> <li>Working with an accountability partner to stay on track<br /> &nbsp;</li> <li>Living well below my means and doing monthly budget check-in<br /> &nbsp;</li> <li>Performing a cash budget challenge (or other spending challenge) on a quarterly basis</li> </ul> <h2>Decide How You Want to Live</h2> <p>There are two key parts to being debt free: staying out of debt, and living a life without using debt as a tool to get what you want. For me, that second part has been the most difficult. Your <a href="http://www.wisebread.com/13-things-you-dont-know-about-your-credit-report-but-should">credit history and score</a> is basically determined by how much debt you leverage and pay off over time.</p> <p>So if you don't want to use debt to buy things, you will have to face that fact that it won't be easy. Most banks and lenders will not understand your reasoning for paying. And there will be instances where you simply cannot buy something without using debt, so you and your family will have to come to grips with this limitation.</p> <p>As long as you define a new set of priorities and have a renewed plan of attack, you'll be able to move forward and pay off debt for good. Take comfort in knowing that you don't have to stay here, and that since you've been debt free once, you can do it again. But now you'll have more experience and lessons to fall back on!</p> <p><em>Have you ever fallen back into debt? How did you climb back out again?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-smith">Carrie Smith</a> of <a href="http://www.wisebread.com/back-in-debt-heres-how-to-pay-it-off-for-good">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/beware-of-these-common-debt-consolidation-traps">Beware of These Common Debt Consolidation Traps</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/building-a-credit-history">Building a Credit History</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-stop-your-spouse-from-overspending">4 Ways to Stop Your Spouse From Overspending</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-seven-deadly-sins-of-consumerism-and-the-frugal-redemption">The seven deadly sins of consumerism (and the frugal redemption).</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management credit history finances owing money paying back spending habits Thu, 16 Apr 2015 11:00:09 +0000 Carrie Smith 1386121 at http://www.wisebread.com 6 Times When It's Okay to Take a Loan http://www.wisebread.com/6-times-when-its-okay-to-take-a-loan <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-times-when-its-okay-to-take-a-loan" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple-contract-financial-consultant-loan-iStock_000051526142_Large.jpg" alt="couple financial advisor" title="couple financial advisor" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Loans are a tricky subject in the financial world, because ideally, you'd never really need one. In the real world, however, plenty of responsible people find themselves needing loans for legitimate reasons. (See also: <a href="http://www.wisebread.com/6-times-you-should-never-take-a-loan?ref=seealso">6 Times You Should Never Take a Loan</a>)</p> <p>Whether it's an unplanned financial emergency or a necessary, major purchase, there are some situations when taking out a loan can't be avoided. Read on to understand when a new loan is actually okay.</p> <h2>1. When You Can Easily Afford the Payments</h2> <p>This might seem like a no-brainer, but when people are desperate they will sometimes assume loans with large payments they couldn't possibly afford. Before you take out any loan, create a realistic budget that includes the payment. If you can't afford it, you should probably reconsider the loan.</p> <p>Don't fall into the temptation of telling yourself that you will find <em>some way</em> to make ends meet. Instead, take care of securing any realistic extra income sources <em>before</em> you sign on the dotted line. Get a second job, line up freelance work, start selling stuff on eBay, or do whatever else you need in order to make loan repayment affordable. Just do it before you get the loan &mdash; otherwise, you're just creating more financial stress for yourself. And isn't that what the loan was supposed to solve?</p> <h2>2. When Your Purchase is Essential</h2> <p>Loans are never a good idea when you're using them to finance a lifestyle that is beyond your means. If, however, you find yourself in a place where you absolutely must have something <em>essential</em> (no, a remodeled kitchen or a tropical vacation are not essentials), and you can't afford it, a loan might be a good idea.</p> <p>Again, I'm talking basic essentials here. If you have to drive to work, you must have a functioning vehicle. If you live in a cold climate, you need a working furnace. Most of the time, these aren't purchases that can wait until you've saved the funds, and so a loan might be necessary.</p> <h2>3. When You Have Good Credit</h2> <p>If you have good credit (above a 720), you will most likely be eligible for lower interest rates on your loans. This means that you will pay less over the life of the loan and that your individual payments will be lower than they would be if your credit were poorer. And having good credit is, in itself, an indicator that you're probably capable of managing your debt effectively.</p> <p>Having good credit makes loans a lot more affordable. But once again, make sure you can make those payments! Otherwise, you'll ruin that solid credit score.</p> <h2>4. When Interest Payments Are Less Than Your Investment Returns</h2> <p>Many investors think that they should use money from their investments to make major purchases before considering a loan. While this is sometimes true, it's also possible that it'll be better financially to leave your investments untouched and get a loan to cover the purchase instead. As an example, if your portfolio generates 10% annual returns, but a loan's interest rate would be only 4%, then it doesn't make sense to lose that extra 6% in returns that your portfolio's funds are generating.</p> <p>If the rate on the loan is lower than your rate of return <em>and</em> you can make the loan payments, take the loan and keep your money invested. On the other hand, monies from your portfolio might be a smart source of cash for re-paying very high interest loans, such as credit cards. Never touch your emergency fund, though &mdash; that's the money you'll need for true emergencies, and unless you're facing bankruptcy or legal action, high interest debt isn't quite a <em>true</em> emergency that warrants depleting your safety net.</p> <h2>5. When You Can Pay it Off Early</h2> <p>Sometimes you know there's money coming in, but you just don't have it yet. If you need to make a major purchase before that money arrives, you can take out a loan and repay it as soon as the funds hit your bank account.</p> <p>But if you're taking this approach, be sure that your loan doesn't have any prepayment penalties. This strategy can work well for people who get large bonus or commission checks on a quarterly or yearly basis, so long as you don't overestimate your actual earnings.</p> <h2>6. When You Qualify for a &quot;Special&quot; Loan</h2> <p>There are a lot of &quot;special&quot; loans on the market, most offered by different government programs for things such as home-buying, education, or energy-efficiency retrofitting. These loans typically offer very favorable repayment terms which often make them worthwhile.</p> <p>For example, <a href="http://www.fha.com/fha_loan_requirements">FHA loans</a>, <a href="http://www.benefits.va.gov/homeloans/purchaseco_eligibility.asp">VA loans</a>, and even <a href="http://time.com/money/2929695/home-loan-usda-credit-rural-development/">USDA loans</a> can help people buy homes who might not have qualified otherwise. My husband and I bought our house last year using his VA loan, which saved us tons of money on the up-front costs. Without it, we'd have been hard-pressed to afford the house.</p> <p>Taking out a loan is something that a financially responsible person might never want to do. However, sometimes loans are necessary to meet our larger goals and, in the above cases, they may not be such a bad idea.</p> <p><em>What have you bought with money from a loan? Do you think that getting the loan was worth it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/6-times-when-its-okay-to-take-a-loan">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-these-4-important-questions-before-signing-any-loan">Ask These 4 Important Questions Before Signing Any Loan</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-loan-options-for-those-with-good-credit">5 Loan Options for Those With Good Credit</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/stop-is-that-loan-too-big-for-your-wallet">Stop! Is That Loan Too Big For Your Wallet?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-it-ever-okay-to-cosign-a-loan">Is It Ever Okay to Cosign a Loan?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Banking Debt Management big purchases borrowing finances loans Wed, 11 Mar 2015 13:00:09 +0000 Sarah Winfrey 1333072 at http://www.wisebread.com Best Money Tips: Steps Towards Getting Today's Finances in Order http://www.wisebread.com/best-money-tips-steps-towards-getting-todays-finances-in-order <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-steps-towards-getting-todays-finances-in-order" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/finances-91460117.jpg" alt="finances" title="finances" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on getting today's finances in order, insurance policies you can live without, and how to use eBay to turn clutter into cash.</p> <h2>Top 5 Articles</h2> <p><a href="http://financialhighway.com/6-steps-towards-getting-todays-finances-order/">6 Steps Towards Getting Today's Finances in Order</a> &mdash; To get your finances in order, look for patterns and generate extra income. [Financial Highway]</p> <p><a href="http://www.savvysugar.com/Insurance-Policies-Arent-Worth-19090574">7 Insurance Policies You Can Live Without</a> &mdash; Chances are you can live without extended warranties and trip cancellation insurance. [PopSugar Smart Living]</p> <p><a href="http://staplerconfessions.com/index.php/how-to-use-ebay-to-turn-clutter-into-cash/">How to Use eBay to Turn Clutter into Cash</a> &mdash; Did you know eBay gives you 50 free listings each month? [Stapler Confessions]</p> <p><a href="http://lenpenzo.com/blog/id1142-8-big-reasons-why-youre-getting-an-f-in-personal-finance-101.html">8 Big Reasons Why You're Getting an F in Personal Finance</a> &mdash; You may be getting an F in personal finance because you don't know how much money you have in your bank accounts. [Len Penzo dot Com]</p> <p><a href="http://www.threethriftyguys.com/2014/04/why-isnt-personal-finance-being-taught-in-schools/">Why Personal Finance Isn't Being Taught in Schools</a> &mdash; Do you think the fact that personal finance is too complex and vast of a topic is why it's not being taught in schools? [Three Thrifty Guys]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.getrichslowly.org/blog/2014/04/29/the-new-way-to-get-rich-slowly/">The new way to get rich slowly</a> &mdash; Did you know the 1% make their living from investing? [Get Rich Slowly]</p> <p><a href="http://www.fivecentnickel.com/2014/04/28/learning-to-live-with-risk/">Learning to live with risk</a> &mdash; Learn to live with risk by broadening your view of risk and keeping the time frame in perspective. [Five Cent Nickel]</p> <p><a href="http://asklizweston.com/can-you-submit-too-many-college-applications/">Can you submit too many college applications?</a> &mdash; When in doubt, it's better to err on the side of submitting too many applications as opposed to too few. [Ask Liz Weston]</p> <p><a href="http://www.frugalconfessions.com/uncategorized-2/3-simple-ways-to-save-money-on-your-natural-gas-bill.php">3 Simple Ways to Save Money on Your Natural Gas Bill</a> &mdash; Checking for gas leaks can help you save money on your natural gas bill. [Frugal Confessions]</p> <p><a href="http://parentingsquad.com/easy-tips-for-getting-rid-of-toys-your-kids-don-t-play-with-anymore">Easy Tips for Getting Rid of Toys Your Kids Don't Play With Anymore</a> &mdash; To get rid of toys your kids don't play with anymore, sort through them and consider donating them! [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-steps-towards-getting-todays-finances-in-order">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-s-your-budget-personality">What’s Your Budget Personality?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips finances Fri, 02 May 2014 08:48:16 +0000 Ashley Jacobs 1137649 at http://www.wisebread.com 9 Ways Getting Married Is Good for Your Finances http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-ways-getting-married-is-good-for-your-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/wedding-3645941-small.jpg" alt="wedding" title="wedding" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>Regardless of whether you believe in marriage, walking down the aisle has its benefits. On average, <a href="http://www.huffingtonpost.com/2013/09/25/happy-marriage_n_3990914.html">married couples live healthier lives</a> than those not married; and there's evidence that underprivileged children are &quot;<a href="http://www.theatlantic.com/business/archive/2013/10/marriage-makes-our-children-richer-heres-why/280930/">more likely to graduate college</a> and earn more if raised by two married parents.&quot; (See also: <a href="http://www.wisebread.com/happily-ever-after-how-to-stay-married-for-29-years-and-counting?ref=seealso">How to Stay Happily Married for 29 Years</a>)</p> <p>But the potential benefits don't stop here.</p> <p>Some couples don't live together until after marriage. And for those in this category, newly combined incomes can provide some amazing financial benefits.</p> <p>Not that you should marry only for financial reasons. But if you and your partner are contemplating marriage, here are nine possible benefits.</p> <h2>1. Better Auto Insurance Rates</h2> <p>Auto insurance companies typically offer discounts when there are multiple vehicles under one policy. Therefore, consolidating your insurance policies might be cheaper than paying two separate policies.</p> <p>After getting married, ask your insurance carrier to provide rate quotes for adding another vehicle to your policy. Also, if you purchase a home or rent an apartment, you can enjoy additional savings by acquiring your homeowner's insurance or renter's insurance from the same company that handles your auto coverage.</p> <p>Unfortunately, a cheaper auto policy is only possible if both of you have good driving records. If your spouse is a high-risk driver, consolidating policies can raise your premiums. (See also: <a href="http://www.wisebread.com/6-mistakes-to-avoid-when-shopping-for-car-insurance?ref=seealso">Avoid These Mistakes When Shopping for Auto Insurance</a>)</p> <h2>2. Increased Financial Stability</h2> <p>If you lived alone prior to marriage, getting married might increase your household income, thus increasing your financial stability.</p> <p>Job loss can happen. But with both spouses working, a job loss doesn't always mean financial ruin. Even if the working spouse doesn't earn enough to fully support the family, some income is better than none; and this income might cover the majority of expenses until you're able to secure employment.</p> <h2>3. Access to Health Insurance</h2> <p>Once you say, &quot;I do,&quot; your spouse can add you to his or her employer health plan, and vice versa. Coverage is typically available within 30 days of tying the knot, and you don't have to wait for open enrollment periods. This is a major perk if you can't get health insurance through your employer, or if you're self-employed and can't afford coverage.</p> <h2>4. Easier to Secure a Mortgage Loan</h2> <p>Qualifying for a home loan on your own can be a real challenge, especially if home values are through the roof in your local market. But as a married couple buying your first place together, the lender uses your combined income to determine whether you qualify for financing and how much you can afford. (See also: <a href="http://www.wisebread.com/choosing-the-right-mortgage-loan-15-or-30-years?ref=seealso">Choosing the Right Mortgage Loan</a>)</p> <h2>5. Cheaper Loan Rates</h2> <p>If you have a low credit score and your spouse has a near-perfect credit score, mortgage lenders will likely use the <a href="http://business.time.com/2012/02/13/5-credit-facts-for-couples/">lower of both scores</a> to determine your rate, which can result in paying more for your house. However, if your spouse applies for the mortgage alone, you'll receive a better rate.</p> <p>Since the bank will only use one income to determine affordability, this reduces how much you're able to spend on a property. And although your name isn't on the mortgage loan, you're still allowed to be on the mortgage title.</p> <h2>6. Additional Resources to Pay Off Debt</h2> <p>As much as you wish to pay off your credit cards, it's often challenging on a single income. If you and your spouse didn't live together before marriage, combining your income after marriage and sharing household expenses increases your disposable income. Use the extra cash to pay off credit cards and other loans.</p> <h2>7. Opportunity to Build a Savings Account</h2> <p>Not only can disposable income pay off debt, there's the opportunity to start or grow your cash reserves. Save up for a down payment for a house, make home improvements, or get a jump start on retirement planning.</p> <h2>8. Reduces Your Tax Liability</h2> <p>As a married couple filing jointly, you can pay <a href="http://www.learnvest.com/2013/03/which-costs-more-being-single-or-married/">less taxes than you would as a single person</a>. This is because combined earnings might push you into a lower bracket, more so if one spouse earns considerably more than the other.</p> <p>&quot;A single person earning $40,000 a year pays $6,181 in taxes on that income, while a married individual with the same income pays only $5,162 &mdash; a <a href="http://www.theatlantic.com/sexes/archive/2013/01/the-high-price-of-being-single-in-america/267043/">savings of more than $1,000</a> annually,&quot; reports The Atlantic.</p> <p>There are, however, exceptions to this rule. Because of the marriage penalty, some high-earning couples who file a joint return move to a higher tax bracket, and end up paying more in taxes than if they were single. (See also: <a href="http://www.wisebread.com/the-10-worst-tax-moves-you-can-make?ref=seealso">Worst Tax Moves</a>)</p> <h2>9. Assistance Buying Household Items</h2> <p>When planning marriage, most couples also plan a ceremony. They can say their vows in front of close family and friends, and then celebrate at the reception.</p> <p>Gift giving is customary when a couple ties the knot, and guests are generally happy and eager to bring a present. Just to be clear, you shouldn't get married just for the gifts. But if wedding plans are already in the works, a gift registry can be a lifesaver &mdash; especially if you're young and moving into your first place together.</p> <p>The cost of moving into a new place and starting a life together adds up quickly; but with friends and family assisting with common purchases &mdash; glassware, a microwave, inexpensive home furnishings, bath accessories, and other household items &mdash; you can <a href="http://www.wisebread.com/10-money-saving-gifts-to-put-on-your-wedding-registry">get the things you need</a> without going broke. (See also: <a href="http://www.wisebread.com/what-to-put-on-and-leave-off-your-wedding-registry?ref=seealso">What to Put on Your Wedding Registry</a>)</p> <p><em>Do you know of other financial benefits to marriage that you'd like to share? Let me know in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-a-divorce-improve-your-finances">Could a Divorce Improve Your Finances?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-financial-moves-to-make-when-a-loved-one-dies">12 Financial Moves to Make When a Loved One Dies</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/3-simple-ways-to-split-bills-with-your-spouse">3 Simple Ways to Split Bills With Your Spouse</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-year-end-financial-moves-you-must-make-now">10 Year-End Financial Moves You Must Make Now</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-things-yoga-can-teach-you-about-money">5 Things Yoga Can Teach You About Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Life Hacks family finances finances marriage taxes Fri, 25 Apr 2014 08:24:20 +0000 Mikey Rox 1136815 at http://www.wisebread.com Best Money Tips: Talking to Kids About Family Finances http://www.wisebread.com/best-money-tips-talking-to-kids-about-family-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-talking-to-kids-about-family-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/kid-dad-5081684-small.jpg" alt="father and son" title="father and son" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread&#39;s <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some great articles on taking to kids about family finances, saving money to live your dream, and cutting costs without cutting corners.</p> <h2>Top 5 Articles</h2> <p><a href="http://parentingsquad.com/10-tips-for-talking-to-kids-about-family-finances">10 Tips for Talking to Kids About Family Finances</a> &mdash; When talking to your kids about family finances, talk to them at their age level. [Parenting Squad]</p> <p><a href="http://bargainbabe.com/how-to-save-money-to-live-your-dream/">How to Save Money to Live Your Dream</a> &mdash; To save money, track your spending to uncover leaks in your spending. [Bargain Babe]</p> <p><a href="http://www.moneyunder30.com/frugal-is-fun-10-ways-to-cut-costs-without-cutting-corners">Frugal can be fun: 10 Ways to Cut Costs Without Cutting Corners</a> &mdash; Make DIY soda and clip coupons to cut costs without cutting corners. [Money Under 30]</p> <p><a href="http://moneysmartlife.com/working-financial-professional/">4 Tips for Working More Effectively with a Financial Professional</a> &mdash; Work more effectively with financial professionals by being willing to implement their advice. [Money Smart Life]</p> <p><a href="http://www.freemoneyfinance.com/2013/11/how-to-buy-a-house-and-pay-off-the-mortgage-in-less-than-10-years.html">How to Buy a House and Pay Off the Mortgage in Less Than 10 Years</a> &mdash; If you want to buy a house and pay off the mortgage in less than 10 years, buy an affordable house and put 20% down. [Free Money Finance]</p> <h2>Other Essential Reading</h2> <p><a href="http://freefrombroke.com/where-to-educate-yourself-for-free-online/">Where to Educate Yourself for Free Online - You Don&#39;t Need to Spend to Learn</a> &mdash; To educate yourself for free online, check out TED Talks and Khan Academy. [Free From Broke]</p> <p><a href="http://www.cashthechecks.com/business-ideas/the-5-reasons-you-arent-getting-a-raise.html">The 5 Rasons You Aren&#39;t Getting A Raise</a> &mdash; You might not be getting a raise if you are already overpaid. [Cash The Checks]</p> <p><a href="http://www.savvysugar.com/Tips-Writing-Self-Evaluation-5772951">5 Tips for Writing a Perfect Self Evaluation</a> &mdash; If you want to write a perfect self-evaluation, be constructive and clear. [PopSugar Smart Living]</p> <p><a href="http://onecentatatime.com/3-ways-house-losing-money/">4 Ways your House Can Lose you Money</a> &mdash; Your house can lose you money through upkeep and energy leaks. [One Cent At A Time]</p> <p><a href="http://cashmoneylife.com/can-become-career-coach/">Can You Become a Career Coach?</a> &mdash; Do you want to become a career coach? Make your services available to college career counseling centers. [Cash Money Life]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-talking-to-kids-about-family-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-mistakes-to-stop-making-by-age-40">6 Financial Mistakes to Stop Making by Age 40</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/having-a-baby-nine-financial-considerations-for-new-parents">Having a baby? Nine financial considerations for new parents</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips family finances finances kids Wed, 06 Nov 2013 10:00:04 +0000 Ashley Jacobs 1076841 at http://www.wisebread.com Best Money Tips: Slay Your Financial Fears http://www.wisebread.com/best-money-tips-slay-your-financial-fears <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-slay-your-financial-fears" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/stress-320747-small.jpg" alt="stressed man" title="stressed man" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on simple ways to slay your financial fears, whether it's cheaper to buy or stream music, and airline fees worth paying for.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.moneytalksnews.com/2013/10/14/5-simple-steps-to-slay-your-financial-fears/">5 Simple Steps to Slay Your Financial Fears</a> &mdash; To slay your financial fears, know the difference between good debt and bad debt. [Money Talks News]</p> <p><a href="http://www.bargaineering.com/articles/buying-vs-streaming-music.html">Buying vs. Streaming Music: Which Is Cheaper?</a> &mdash; If you buy more than one album a month, streaming music is cheaper than buying it. [Bargaineering]</p> <p><a href="http://www.farecompare.com/travel-advice/six-airline-fees-worth-money/#/">6 Airline Fees Worth the Money</a> &mdash; It may come as a surprise, but it is worth it to pay for more leg room on your next flight. [FareCompare]</p> <p><a href="http://kiplinger.com/article/business/T019-C021-S005-kiplinger-gdp-forecast-for-2014.html">Kiplinger's Economic Outlook for 2014: 2.6% GDP Growth</a> &mdash; Consumers should expect to see hiring pick up speed in 2014. [Kiplinger]</p> <p><a href="http://budgetandthebeach.com/2013/10/14/personal-finance-tips-to-make-your-money-go-further/">Personal finance tips to make your money go further</a> &mdash; Make your money go further by remembering that you always pay for convenience. [Budget and the Beach]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.creditsesame.com/blog/debt-could-be-hazardous-to-your-health/">Is Debt Hazardous to Your Health?</a> &mdash; Being in debt can make your blood pressure higher than people who aren't in debt. [Credit Sesame]</p> <p><a href="http://donnafreedman.com/2013/10/09/the-frugal-heating-pad/">The frugal heating pad</a> &mdash; Have you ever used rice to make a frugal heating pad before? [Surviving and Thriving]</p> <p><a href="http://www.freemoneyfinance.com/2013/10/financials-of-real-estate-investment-1.html">Financials of Real Estate Investment #1</a> &mdash; When investing in real estate, be prepared to pay for repairs. [Free Money Finance]</p> <p><a href="http://www.savvysugar.com/Clean-Your-Car-Coffee-Filter-32119805">Clean Your Car With the Help of a Coffee Filter</a> &mdash; Did you know coffee filters can help you clean your car? [PopSugar Smart Living]</p> <p><a href="http://parentingsquad.com/trendy-halloween-costume-ideas-for-your-family">Trendy Halloween Costume Ideas for Your Family</a> &mdash; Consider having your family dress as The Royal Family this Halloween. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-slay-your-financial-fears">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-9"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-men-better-money-managers-than-women-discuss-in-our-forums-and-win-50">Are men better money managers than women? Discuss in our forums and win $50!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips fears finances financial fears Mon, 21 Oct 2013 09:48:04 +0000 Ashley Jacobs 1022247 at http://www.wisebread.com Best Money Tips: Making Finances a Positive Part of Your Life http://www.wisebread.com/best-money-tips-making-finances-a-positive-part-of-your-life <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-making-finances-a-positive-part-of-your-life" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/piggy-bank-2809694-small.jpg" alt="piggy bank" title="piggy bank" class="imagecache imagecache-250w" width="250" height="143" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on making finances a positive part of your life, reasons to push yourself, and getting the most out of your internship.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.biblemoneymatters.com/making-finances-a-positive-part-of-your-life/">Making Finances a Positive Part of Your Life</a> &mdash;Letting go of your past mistakes and focusing on the things you've done right will help you make your finances a positive part of your life. [Bible Money Matters]</p> <p><a href="http://timemanagementninja.com/2013/08/8-reasons-to-push-yourself-today/">8 Reasons to Push Yourself Today</a> &mdash; Pushing yourself will help you learn new things and test your limits. [Time Management Ninja]</p> <p><a href="http://lifehacker.com/how-can-i-get-the-most-out-of-my-internship-1168904419">How Can I Get the Most Out of My Internship?</a> &mdash; Get the most out of your internship by getting feedback from someone you trust and by not wasting your free time. [Lifehacker]</p> <p><a href="http://wealthyturtle.com/if-youre-creative-you-can-cap-college-costs-using-these-6-strategies/">If You're Creative, You Can Cap College Costs Using These 6 Strategies</a> &mdash; If you work for an employer who offers tuition reimbursement, take advantage of that to save money! [The Wealthy Turtle]</p> <p><a href="http://www.savvysugar.com/Personal-Finance-Principles-24379477">4 Personal Finance Principles to Live By For a Richer Life</a> &mdash; To have a richer life, live within your means. [PopSugar Smart Living]</p> <h2>Other Essential Reading</h2> <p><a href="http://howsmarriedlife.net/at-what-stage-in-a-relationship-should-couples-look-to-buy-property">At What Stage in a Relationship Should Couples Look to Buy Property?</a> &mdash; Only buy property together after you are committed if you can handle risk. [How's Married Life?]</p> <p><a href="http://freefrombroke.com/teen-job-open-retirement-account/">If Your Teen Has a Job, It's Not Too Early to Think About Retirement</a> &mdash; Encourage your teen to save for retirement while they are in high school especially if they have a job that enables them to contribute to a retirement account. [Free From Broke]</p> <p><a href="http://www.marcandangel.com/2013/08/18/7-questions-you-are-too-scared-to-ask/">7 Questions You Are Too Scared to Ask</a> &mdash; Don't be afraid to ask yourself if the people around you are helping you or hurting you. [Marc and Angel Hack Life]</p> <p><a href="http://parentingsquad.com/6-ways-to-chronicle-the-first-day-of-school">6 Ways to Chronicle the First Day of School</a> &mdash; Come up with a list of questions to ask your child to chronicle his or her first day of school. [Parenting Squad]</p> <p><a href="http://www.dumblittleman.com/2013/08/5-excuses-to-throw-awesome-party-this.html">5 Excuses To Throw an Awesome Party This Summer</a> &mdash; If you are a football fan, throw an &quot;it's almost football season&quot; party. [Dumb Little Man]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-making-finances-a-positive-part-of-your-life">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-10"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/welcome-to-the-real-world-my-best-advice-for-new-graduates">Welcome to the Real World - My Best Advice for New Graduates</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/having-a-baby-nine-financial-considerations-for-new-parents">Having a baby? Nine financial considerations for new parents</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips finances life positive Thu, 22 Aug 2013 10:00:33 +0000 Ashley Jacobs 981432 at http://www.wisebread.com Best Money Tips: Financially Prepare for Your Family's Future http://www.wisebread.com/best-money-tips-financially-prepare-for-your-familys-future <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-financially-prepare-for-your-familys-future" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4184196844_62c078ab7a_z-1.jpg" alt="Financially Prepare For Your Family&#039;s Future" title="Financially Prepare For Your Family&#039;s Future" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on financially preparing for your family's future, making a better to do list, and buying or leasing a car.</p> <h2>Top 5 Articles</h2> <p><a href="http://moneyning.com/kids-and-money/how-to-financially-prepare-for-your-familys-future/">How to Financially Prepare For Your Family's Future</a> &mdash; Financially prepare for your family's future by learning the difference between needs and wants. [MoneyNing]</p> <p><a href="http://cashmoneylife.com/make-a-better-to-do-list/">Boost Your Productivity: Make a Better To Do List</a> &mdash; To boost your productivity, prioritize your to do list. [Cash Money Life]</p> <p><a href="http://genxfinance.com/should-you-buy-or-lease-a-car/">Should You Buy or Lease a Car?</a> &mdash; The majority of the time, buying a vehicle works out better financially than leasing one. [Generation X Finance]</p> <p><a href="http://freefrombroke.com/the-many-ways-the-internet-saves-and-makes-you-money/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=the-many-ways-the-internet-saves-and-makes-you-money">The Many Ways the Internet Saves (and Makes) You Money</a> &mdash; The Internet helps you save money by providing you with DIY videos and budgeting tools. [Free From Broke]</p> <p><a href="http://beingfrugal.net/4-ways-to-save-money-on-braces-and-orthodontics/">4 Ways to Save Money on Braces and Orthodontics</a> &mdash; Want to save money on braces and orthodontics? Ask for a discount for paying cash. [BeingFrugal.net]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.carefulcents.com/vital-freelancer-questions/">6 Vital Questions to Ask Before Becoming a Freelancer</a> &mdash; Before you become a freelancer, evaluate how well you handle stress and deadlines. [Careful Cents]</p> <p><a href="http://www.moolanomy.com/5166/alternatives-to-investing-in-a-low-interest-rate-environment-jschroeder12/">3 Alternatives to Investing in a Low Interest Rate Environment</a> &mdash; Instead of investing in this low interest rate environment, consider real estate investing. [Moolanomy]</p> <p><a href="http://www.mainstreet.com/article/family/kids/parents-weekends-college-are-chance-help">Parents' Weekends at College Are a Chance to Help</a> &mdash; Attending parents weekend at your child's college can help you notice whether or not your child is off to a good start with their college experience. [MainStreet]</p> <p><a href="http://www.savvysugar.com/Uses-Beer-25209210">6 Brilliant Uses For Beer</a> &mdash; Did you know beer can be used as a stain remover? [SavvySugar]</p> <p><a href="http://parentingsquad.com/7-ways-to-keep-your-kids-out-of-remedial-english">7 Ways to Keep Your Kids Out of Remedial English</a> &mdash; To keep your kids out of remedial English, kill your television. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-financially-prepare-for-your-familys-future">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-11"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/24-tips-for-having-a-baby-without-going-broke">24 Tips for Having a Baby Without Going Broke</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-simple-rules-of-excellent-houseguest-etiquette">11 Simple Rules of Excellent Houseguest Etiquette</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-to-make-when-you-find-out-youre-pregnant">8 Money Moves to Make When You Find Out You&#039;re Pregnant</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Lifestyle best money tips family finances future Tue, 02 Oct 2012 09:48:42 +0000 Ashley Jacobs 954830 at http://www.wisebread.com Best Money Tips: Should You Discuss Money in Front of Your Kids? http://www.wisebread.com/best-money-tips-should-you-discuss-money-in-front-of-your-kids <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-should-you-discuss-money-in-front-of-your-kids" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/5657707165_0e06d49c8b_z.jpg" alt="Should You Discuss Money In Front of Your Kids?" title="Should You Discuss Money In Front of Your Kids?" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on discussing money in front of your kids, ways to make $50 in a day, and ways to get out of debt.</p> <h2>Top 5 Articles</h2> <p><a href="http://freefrombroke.com/should-you-discuss-money-in-front-your-kids/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=should-you-discuss-money-in-front-your-kids">Should You Discuss Money In Front of Your Kids?</a> &mdash; When discussing money in front of your kids, let them watch you be conservative with money and don't tell them your exact income. [Free From Broke]</p> <p><a href="http://www.savvysugar.com/How-Make-50-23634851">7 Ways To Make $50 In A Day</a> &mdash; To make $50 in a day, sign up to complete tasks on TaskRabbit. [SavvySugar]</p> <p><a href="http://onecentatatime.com/51-ways-get-out-debt/">51 Ways to Get Out of Debt</a> &mdash; Get out of debt by living on a budget and canceling your cable or satellite subscription. [One Cent At A Time]</p> <p><a href="http://www.getrichslowly.org/blog/2012/06/20/can&rsquo;t-afford-to-socialize-compromise/">Can't Afford to Socialize? Compromise!</a> &mdash; Have affordable, social fun by going to an open mic night or a free movie premier. [Get Rich Slowly]</p> <p><a href="http://www.fivecentnickel.com/2012/06/19/im-not-covered-five-ways-to-trigger-nasty-insurance-surprises/">I'm Not Covered? Five Ways to Trigger Nasty Insurance Surprises</a> &mdash; If you host a party at your home, you may find out you are underinsured for liability claims. [Five Cent Nickel]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.freemoneyfinance.com/2012/06/30-steps-to-great-finances-steps-22-to-24.html">30 Steps to Great Finances: Steps 22 to 24</a> &mdash; Want to have great finances? Get yourself the proper insurance. [Free Money Finance]</p> <p><a href="http://lifehacker.com/5919833/how-to-avoid-impulse-purchases-in-the-internet-shopping-age">How to Avoid Impulse Purchases in the Internet Shopping Age</a> &mdash; To avoid making impulse purchases online, block sites during your impulse prime time. [Lifehacker]</p> <p><a href="http://deliverawaydebt.com/budgeting/streamline-personal-finance/">Automation Domination: Streamline Personal Finance</a> &mdash; Do you have trouble saving money? Set up automatic transfers at the beginning of your budget cycle when you have more money to move around. [Deliver Away Debt]</p> <p><a href="http://www.girlsjustwannahavefunds.com/payday-loan-alternatives">Do You Really Need A Payday Loan? Check out 4 Alternatives</a> &mdash; Instead of getting a payday loan, consider negotiating a payment plan. [Girls Just Wanna Have Funds]</p> <p><a href="http://parentingsquad.com/prosquad-swimmers-ear-and-life-insurance">ProSquad: Swimmer's Ear and Life Insurance</a> &mdash; If you already have life insurance, consider getting disability insurance. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-should-you-discuss-money-in-front-of-your-kids">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-12"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/having-a-baby-nine-financial-considerations-for-new-parents">Having a baby? Nine financial considerations for new parents</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips children finances Fri, 22 Jun 2012 10:00:13 +0000 Ashley Jacobs 935295 at http://www.wisebread.com Best Money Tips: Simplify Your Summer Finances http://www.wisebread.com/best-money-tips-simplify-your-summer-finances <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-simplify-your-summer-finances" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/5741350372_e387ae438e_z-1.jpg" alt="Simplify Your Summer Finances" title="Simplify Your Summer Finances" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on ways to simplify your summer finances, ways to earn extra cash, and fundamentals of financial success.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.walletpop.com/2011/07/08/6-ways-to-simplify-your-summer-finances/">6 Ways to Simplify Your Summer Finances</a> &mdash; Simplify your summer finances by registering for an easy to use budgeting system. [Walletpop]</p> <p><a href="http://financialhighway.com/7-ways-to-earn-extra-cash-with-little-effort/">7 Ways to Earn Extra Cash With Little Effort</a> &mdash; Earn extra cash by being a mystery shopper. [Financial Highway]</p> <p><a href="http://www.figuide.com/the-five-fundamentals-of-financial-success.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+FiGuide+%28FiGuide+-+Financial+Guidance+from+the+Professionals%29">The Five Fundamentals of Financial Success</a> &mdash; Have financial success by fully funding your retirement plans. [FiGuide]</p> <p><a href="http://lifehacker.com/5710901/how-to-get-the-most-money-when-selling-your-textbooks">How to Get the Most Money When Selling Your Textbooks</a> &mdash; Sealing your textbooks' edges with painter's tape will help keep it in better condition, which will allow you to sell it for more money later on. [Lifehacker]</p> <p><a href="http://www.savvysugar.com/How-Americans-Saving-Money-18196397">12 Ways Everyone Else Is Cutting Back on Spending</a> &mdash; One way people are trying to cut back on spending is by canceling their magazine subscriptions. [SavvySugar]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.openforum.com/articles/5-quick-ways-to-become-a-better-networker">5 Quick Ways To Become A Better Networker</a> &mdash; Become a better networker by being more selective with your time. [American Express OPEN Forum]</p> <p><a href="http://parentingsquad.com/tips-for-moving-with-young-children">Moving With Kids: 23 Can't-Miss Tips To Help You Cope</a> &mdash; If you are moving with kids, be sure to let the kids help you pack. [Parenting Squad]</p> <p><a href="http://www.kiplinger.com/slideshow/best-cars-for-young-drivers/1.html">Best Cars for Young Drivers</a> &mdash; Are you thinking about buying your kid a car? Consider buying him or her a Kia Soul. [Kiplinger]</p> <p><a href="http://www.moolanomy.com/5036/tips-for-finding-estate-sale-bargains-ttolar/">Tips for Finding Estate Sale Bargains</a> &mdash; Next time you go to an estate sale, find bargains by getting there early. [Moolanomy]</p> <p><a href="http://getcurrency.com/technology-toys/deciding-what-digital-camera-is-best-for-you">Deciding What Digital Camera is Best for You</a> &mdash; When deciding what digital camera to by, make sure you pick a buying strategy. [Currency]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-simplify-your-summer-finances">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-13"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-simplifying-your-accounts-can-improve-your-finances">How Simplifying Your Accounts Can Improve Your Finances</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-times-when-its-okay-to-take-a-loan">6 Times When It&#039;s Okay to Take a Loan</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-prepaid-debit-cards">5 Best Prepaid Debit Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-set-up-automatic-payments">How to Set Up Automatic Payments</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-countries-where-banks-pay-crazy-interest-rates">10 Countries Where Banks Pay Crazy Interest Rates</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Banking best money tips finances simplify summer Mon, 11 Jul 2011 10:00:26 +0000 Ashley Jacobs 614937 at http://www.wisebread.com Are Your Finances Fragile? http://www.wisebread.com/are-your-finances-fragile <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/are-your-finances-fragile" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/collapsed-barn_0.jpg" alt="Collapsed barn" title="Collapsed Barn" class="imagecache imagecache-250w" width="250" height="131" /></a> </div> </div> </div> <p>Many households are just one layoff, one illness, one interest-rate hike away from financial catastrophe.</p> <p>I know this is true &mdash; that as things are now, a perfectly ordinary bit of misfortune could easily ruin someone's life &mdash; and yet whenever I'm reminded (most recently by a &quot;Daily Show&quot; interview with Elizabeth Warren), my first reaction is always shock. Yes, things used to be like that, but we fixed it. We created a safety net. Right?</p> <p>Upon reflection, what I find most striking is that the period when there was a real safety net that actually protected households was pretty brief. It started with the New Deal, grew a bit with the Great Society, and pretty much ended a couple of decades ago in the era of deregulation and globalization.</p> <p>To someone my age, the current situation is kind of shocking. I grew up during that period when an employee could expect a job to last for decades. When most jobs included medical insurance. When most consumer loans were at fixed interest rates that couldn't be raised.</p> <p>Someone who came of age in the mid-1990s or later would not be shocked. In fact, they'd probably be pretty puzzled that anyone was surprised. Younger workers know perfectly well that their job will disappear if there's a 15-minute period in which there's no work for them to do. They have no personal memory of the days when the whole point of a &quot;layoff&quot; was that it was temporary &mdash; that laid-off workers could expect to be called back when production started up again. (They quite likely have no personal memory of production ever starting up again &mdash; their experience is of production moving overseas.)</p> <p>Because of this division, I want to present the strategies for making your household economy a bit less fragile in two pieces. (See also: <a href="http://www.wisebread.com/the-second-best-way-to-make-your-household-more-secure ">The Second-Best Way to Make Your Household More Secure</a>)</p> <h2>Twentieth Century Strategies</h2> <p>First, the ordinary strategies that have been the core of household security for most of my lifetime, the ones you can read about in any standard book on personal finance. I call them twentieth century strategies, although their heyday was really from about 1945 through 1990.</p> <h3>Emergency Fund</h3> <p>Have an emergency fund with <a href="http://www.wisebread.com/figuring-the-size-of-your-emergency-fund ">six months minimum expenses</a>. (Keep at least a little of it in <a href="http://www.wisebread.com/carry-some-cash">cash</a>.)</p> <p>The main purpose of this money is to tide you over if you lose your job. It's also there so that you're not forced to take on debt to cover an unexpected expense.</p> <p>In addition to a fund of cash, keep enough basic supplies on hand to see your household through a blizzard or a flood or a power outage that shuts down the ATM machines. (If you buy the supplies for this stockpile at a discount, you can also score some <a href="http://www.wisebread.com/huge-tax-free-investment-returns ">huge tax-free investment returns</a>.)</p> <h3>Avoid Debt</h3> <p>I've written before about how <a href="http://www.wisebread.com/how-debt-fools-people ">debt makes your finances fragile</a>. When you have specific dollar payments that you need to make, you're utterly bound to the money economy.</p> <p>Especially avoid credit card debt. Although things are a bit better now thanks to a couple of new laws that restrict banks from changing the <a href="http://www.wisebread.com/reject-variable-terms-and-conditions ">terms and conditions</a> of a debt, credit cards remain a risky way to borrow money. If you really think <a href="http://www.wisebread.com/good-debt-bad-debt">borrowing is the right move</a>, consider doing what people used to do &mdash; taking out a loan. Borrow money for a specific purpose at a specific fixed rate, with a specific fixed repayment schedule.</p> <h3>Limit Fixed Expenses</h3> <p>It's not only debts that crush you when there's an interruption in your income. Every <a href="http://www.wisebread.com/start-with-recurring-monthly-expenses ">recurring expense</a> makes your finances more fragile. If you've never had to resort to <a href="http://www.wisebread.com/emergency-belt-tightening">emergency belt-tightening</a>, you'd probably be surprised just how low you can get your spending on a temporary basis. But every fixed expense &mdash; rent, utilities, cell phone contract, fitness center membership &mdash; is a fixed-dollar amount that you'll need to pay out, even if you have a sharp drop in income or a sharp increase in expenses.</p> <h3>Buy Appropriate Insurance</h3> <p>If you can possibly afford it, you need to insure yourself against the <a href="http://www.wisebread.com/things-to-insure-things-not-to-insure">risks that would otherwise ruin your finances</a>. That means health insurance and liability insurance in particular. If you own a home or a car, and you don't have cash to replace them, you need to insure them as well.</p> <p>In the United States, of course, health insurance is a huge problem. If you're old or sick, the only way to get health insurance is to work for a large company that provides it as an employee benefit. (This is scheduled to get <a href="http://www.wisebread.com/health-care-reform-good-for-people-like-me">a lot better</a> starting in 2014.)</p> <h2>Nineteenth and Twenty-First Century Strategies</h2> <p>These additional strategies weren't so important during the decades of the New Deal and the Great Society. But they once again become important in today's world, just as they were in the early decades of the last century and before.</p> <h3>Improve Your Employability</h3> <p>Keep your skills up-to-date. Keep your documentation of them up-to-date. Stay in contact with your network of former coworkers, former managers, and former employees. <a href="http://www.wisebread.com/whats-an-employee-to-do-part-1 ">Don't depend on your employer</a> to do anything beyond paying you for the work you've already done. Take responsibility for your own <a href="http://www.wisebread.com/whats-an-employee-to-do-part-2">career management</a>.</p> <h3>Make the Things You Need</h3> <p>This used to be ordinary, but fell by the wayside as cheap shipping and specialization enabled much higher standards of living for people who worked for wages or a salary and bought everything they needed. Full-blown <a href="http://www.wisebread.com/self-sufficiency-self-reliance-and-freedom">self-sufficiency</a> was always a hard way to live, but a little strategic partial self-sufficiency can make your household much less fragile. Each little thing that you can provide directly (rather than buying it in the <a href="http://www.wisebread.com/opting-out-of-the-money-economy ">money economy</a>) is one more area where your household doesn't have to depend on anyone but yourselves.</p> <h3>Have Another Source of Income</h3> <p>The idea that a single breadwinner following a one-job career path could provide a stable source of income for a family has been dead for a long time. Most households have long sent a <a href="http://www.wisebread.com/strategies-for-households-with-more-than-one-adult">second (or even a third) family member</a> into the workforce.</p> <p>I recommend having <a href="http://www.wisebread.com/on-the-importance-of-having-capital">a little capital</a> deployed to earn money &mdash; stocks, bonds, rental property, etc.</p> <p>Having a <a href="http://www.wisebread.com/make-your-hobby-pay-its-way">hobby that can be scaled up</a> to a small business during periods of unemployment is good. Perhaps even better is a family business (or family farm) that can be run by just one member of an extended family, but that can provide employment for any family member who happens to be out of work. (That's pretty much the way families were always run, from the dawn of civilization until well into the industrial revolution. It was a good strategy then, and I expect it will return as a key organizing principle of the economy going forward.)</p> <h3>Help Your Family, Friends, and Neighbors</h3> <p>This is really an extension of that last idea. Until the last century, this would have been everyone's default answer to the question of how to make your family more secure &mdash; when the people around you are more secure, you're more secure as well.</p> <p>There was a brief window in the mid-to-late twentieth century when we thought we'd permanently moved beyond some of those concerns, but that turns out not to be true. Explore the strategies that successful people used in the eighteenth and nineteenth centuries to make <em>their</em> households more secure. Consider employing those same strategies once again.</p> <p>Sadly, that seems to be what it's going to take to make your household more secure.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/are-your-finances-fragile">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-14"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/another-path-to-recovery-higher-incomes">Another path to recovery: higher incomes</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance finances fragile household Wed, 04 May 2011 00:32:21 +0000 Philip Brewer 535789 at http://www.wisebread.com Best Money Tips: 20 Signs You Need a Financial Makeover http://www.wisebread.com/best-money-tips-20-signs-you-need-a-financial-makeover <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-20-signs-you-need-a-financial-makeover" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/makeover.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's&nbsp;<strong><a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a>&nbsp;</strong>roundup. Today, we share the 20 ways you know you need some money help, 10 little-known personal development blogs, and how to turn an old tie into something more fashionable!</p> <h2><b>Top 5 Articles</b><b>&nbsp;</b></h2> <p><b>20 Signs You Need a Financial Makeover</b>&nbsp;&ndash; If you charge a group&rsquo;s dinner on your credit card, then spend the cash that your buddies hand over to settle up, you may need a financial makeover.&nbsp;Read all twenty of these red flags for a chance at a better life!&nbsp;<a href="http://www.budgetsaresexy.com/2010/08/20-signs-you-need-a-financial-makeover/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+budgetsaresexy+(Budgets+are+Sexy.)&amp;utm_content=Google+Feedfetcher">Budgets are Sexy</a>&nbsp;via&nbsp;<a href="http://www.enemyofdebt.com/2010/08/this-weeks-roundup-tipd-rockstars-mentions-and-my-health/">Enemy of Debt</a>&nbsp;</p> <p><b>Hand Painted Bottle Stoppers</b>&nbsp;-&nbsp;These are a classy and affordable way to dress up a bottle of wine.&nbsp;They make a great gift, too! &nbsp;<a href="http://www.skiptomylou.org/2010/09/03/handpainted-bottle-stoppers/">Skip to My Lou</a>&nbsp;</p> <p><b>31 Days to a Better Bank Balance</b>&nbsp;&ndash; While we can only imagine that the rest of the 30-day series will be spectacular, this post on setting priorities is a great way to kick off day three!&nbsp;<a href="http://www.moneycrush.com/31-days-to-a-better-bank-balance-day-3/">Money Crush</a>&nbsp;</p> <p><b>The 10 Personal Development Blogs You Wish You Knew About Earlier</b>&nbsp;&ndash; It&rsquo;s great to venture out beyond the most popular personal development blogs.&nbsp;These little-known treasures are just waiting to be explored!&nbsp;<a href="http://viralogy.com/blog/rankings/the-top-10-personal-development-blogs-you-wish-you-knew-about-earlier/">Viralogy</a>&nbsp;</p> <p><b>Re-tailor Old Ties into Skinny Ties</b>&nbsp;&ndash; If you like the look, why not create it with this DIY design tip?&nbsp;<a href="http://www.designmom.com/2010/08/diy-skinny-ties/">Design Mom</a>&nbsp;via&nbsp;<a href="http://lifehacker.com/5630544/re+tailor-old-ties-into-skinny-ties">Lifehacker</a></p> <h2><b>Other Essential Reading</b>&nbsp;</h2> <p><b>Taking Out a Loan? Questions to Ask First</b>&nbsp;&ndash; These are basic questions, but they often go unanswered!&nbsp;Quiz yourself before you sign on that dotted line.&nbsp;<a href="http://www.thedigeratilife.com/blog/taking-out-a-loan/">The Digerati Life</a>&nbsp;</p> <p><b>Super Size Your Savings at Fast Food Restaurants</b>&nbsp;&ndash; If you were to order the same combo meal 3 times a week at popular restaurants, you could really blow your budget (especially if you&rsquo;re getting the large combo.)&nbsp;Get the stats on nutritional info and the true cost of getting the larger meal.&nbsp;<a href="http://blog.greensherpa.com/index.php/personal-finance/super-size-your-savings-at-fast-food-restaurants/">Green Sherpa</a>&nbsp;</p> <p><b>Dying in Debt: Can You Take it With You?</b>&nbsp;Think your debts are wiped out when you die? Think again. Check out these tips for keeping your survivors from inheriting your debts.&nbsp;<a href="http://www.moneytalksnews.com/2010/08/31/dying-in-debt-can-you-take-it-with-you/">Money Talks News</a>&nbsp;</p> <p><b>DIY Backyard Beekeeping</b>&nbsp;&ndash; If you can garden, you can be a beekeeper!&nbsp;Learn more about starting up this amazing and much-needed hobby!&nbsp;<a href="http://www.thedailygreen.com/environmental-news/latest/diy-backyard-beekeeping-47031701">The Daily Green</a>&nbsp;</p> <p><b>The Truth about Hotel Key Cards</b>&nbsp;&ndash; This urban legend needs to be debunked.&nbsp;Hotels don&rsquo;t really store your credit card information on your hotel key card &ndash; even if it is used for hotel purchases.&nbsp;<a href="http://southerncolorado.bbb.org/post/the-truth-about-hotel-key-cards-6078">Southern Colorado BBB Blog</a></p> <p>&nbsp;</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/best-money-tips-20-signs-you-need-a-financial-makeover">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/best-of-personal-finance-credit-where-credit-is-due-edition">Best of Personal Finance: Credit Where Credit Is Due Edition</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-audacity-to-waste-money-for-better-finances">The Audacity to Waste Money for Better Finances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-much-should-your-kids-know-about-your-finances">How Much Should Your Kids Know About Your Finances?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-ways-getting-married-is-good-for-your-finances">9 Ways Getting Married Is Good for Your Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-s-your-budget-personality">What’s Your Budget Personality?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance best money tips finances makeover Mon, 06 Sep 2010 21:02:21 +0000 Linsey Knerl 230099 at http://www.wisebread.com