Articles on Personal Finance

Best Money Tips: Correct Credit Report Errors for Free

Welcome to Wise Bread's Best Money Tips roundup. Today, tell you how to fix your own credit report erro

Read Your Financial Statements Like a Banker

Your balance sheet and income statement tell a banker more about your business than you may think. You need to know what goes on in your banker’s head when reading your financia

IRS Wants Its $7 Billion From Independent Contractor Misclassifications

The contractor model is particularly appealing in a down economy. However, what seems like a great way to save money may be costly if it's determined that your contractors are m

Why Roth IRAs Are Ideal for Young Professionals

Young professionals (20s and 30s) who make a decision to start saving for retirement can do so in many different types of savings and retirement accounts.

What Makes a Good Business Bank?

The bank you choose for your business accounts can make a major difference in how well your company operates. Convenience is a factor, but there are considerations that may be m

Reduce Your Credit Limits to Manage Your Spending

Most of us have more credit than we need, and this can be dangerous for those trying to manage their debt and spending. Remove the temptation by asking for your credit lines to

11 Ways to Prep for "Guerrilla Retirement"

More aggressive and less conventional than typical retirement plans, guerrilla retirement goes beyond the 401(k). Here's how to prepare for your own guerrilla retirement.

Should You Invest in Goldman Sachs (GS)?

Goldman Sachs is in hot water right now, so investing in the company may seem like a risky proposition. And it certainly is, but it may also be a fantastic opportunity.

7 Ways My Clunker Is Smarter Than a Hybrid

Hybrid cars are all the rage, but keeping a "clunker" might be a better move, environmentally and financially.

The Second-Best Way to Make your Household More Secure

You already know the best way to make your household finances more secure: emergency fund, insurance, diversified investment portfolio, marketable skills. But once you're doing

Book Review: Spent: Memoirs of a Shopping Addict

In Spent: Memoirs of Shopping Addict, Avis Cardella writes about her struggles with acquiring more and more stuff without fulfillment for two decades. This is the painful story

Principal Forgiveness: The New BofA Mortgage Deal

Starting next month (May 2010) or as soon as its ready, Bank of America may reduce principal balances on certain mortgages of deeply underwater loans. What's up with that?

Who Should Face the Music When the Banks Fail?

Should everyday folks bear the brunt when banks fail, or should the bankers themselves be held responsible?

Best Money Tips: 7 Ways to Help a Family Member Financially

Welcome to Wise Bread's Best Money Tips roundup. Today, we give you everything you need to know before

Self Directed IRA + LLC = Checkbook IRA

Growing your business may be your best retirement plan, but it's also important to set aside some personal retirement savings separate from the business. Doing so correctly can

Travel Insurance for Businesses

In some cases, you may already have travel insurance and not know it. Whether for business or pleasure, here are the basics of travel insurance.

New $100 Bill Unveiled

Even though ordinary people hardly ever receive or spend one, with the number of $100 bills in circulation in the billions it's worth putting the effort into making them extreme

Book Review: Your Money—The Missing Manual

Books about managing your money succeed or fail at the point when the author chooses what to present as unbreakable rules versus what to present as hints, tips, suggestions, or

3 Reasons Not to Invest Now

Sure, investing is a smart move. But before you decide to invest, you need to decide if it's the right time for you.

Minimizing the IRS' Share of a Sale

There are ways to minimize the tax burden that goes along with selling a business, allowing you to keep more of the money you've earned over the years.