Articles on Personal Finance

Doubling Your Money with the Rule of 72

Did you ever wonder how financial professionals can so quickly mentally calculate how much money you’ll have in 30 years based on an investment return? Seems like magic, huh? Well,

The Dirt on Travel Insurance

In the world of travel insurance, no two policies are the same. Different activities and locales are covered in different ways between insurance companies, and even within the same

When poor folks have better crap than you

Every notice how upset people get, when someone poorer than them has better crap? I'm talking about the guy agonizing over whether to spring for a 32-inch flat screen who find

The Truth about Wealth

Is wealth about money, or having goals, or achieving milestones, or something completely different? Read on for a description of what a wise friend told me wealth might actually b

Why mortgages have eaten Americans out of house and home

What lessons can future homeowners take away from today's "mortgage crisis?"

Interview with AFFIL executive director Jim Campen

Early in the subprime lending collapse, Wise Bread posted a report from Americans for Fairness in Lending explaining how the subprime lending boom hurt everyone. Since it's a

Money Matters: Why All the Secrecy?

As I alluded to in another article, I am amazed at how people will si

Roll your own cost-of-living index

If you have a budget--more specifically, if you track your spending--you have the data you need to track changes in your own personal cost of living. That's a lot more useful

Top 7 Reasons Why I Use My Credit Card for Everything

I charge absolutely everything to my credit card. Everything. Here are the reasons why I am a credit card junkie.

Variable prices, and what economists like about them

From the buyer's point of view, a "market price" is great. This is not only because he or she doesn't have to get a bunch of prices quotes to avoid being cheated

Can you talk to your friends about debt?

Can you talk to your friends about your debt? Can you talk to your friends about their debt?

The Quiet Millionaire: Part 3 - Money for Now, Money for Later

You've figured out how to have positive cash flow (aka spend less than you earn) for now; but will you have enough money for later? Funding for future requirements, such as

Best asset allocation for your portfolio

This is the first Wise Bread post that I've been afraid to write. I've thought about it many times, but haven't even gotten as far as making notes until today, when I

What Would You Do With a Million Dollars?

Wise Bread bloggers share what they would do with a million bucks. Tell us what you would do and be entered into our weekly drawing for a $25 Amazon gift certificate!

Manage your charitable giving

Are you one of the people who responds to begging letters from national charitable organizations by occasionally sending money? I used to do that. In my case, it was mostly envir

When to drop collision coverage on your car

A few years back, I got a tidy little lesson in exactly what collision coverage is. We'd had a car damaged in an accident, damaged pretty badly. So, it wasn't a surprise

When you stretch and stretch and the ends don't meet

Sometimes wanting something and trying for it aren't enough. The honest truth is that, no matter how frugal you are, no matter how extensive your emergency fund, no matter how

These Choos were made for walkin': an interview with a modern urban nomad

Ever feel stuck? In a rut? Running in place, but not getting much exercise? There's another way to live, you know; a way that bypasses, or at least delays, the mortgage, the co

What is your greatest financial fear?

What kind of financial fears keep you up at night? Is it the relentless attack of the credit card statements? Or the gory details of healthcare costs? Share your greatest financ

When NOT to put money in your 401(k)

The twin advantages of tax deferral and a corporate match make the 401(k) the foundation of most people's savings plan. Putting in enough to get the maximum corporate match is