Articles on Personal Finance

Is living on one income a status symbol?

Recently CNN published an article titled "No kids, no jobs for growing number of wives ". This article profiled two women who are stay at home wives with no kids. A quote from the

How Do You Deal With Family Members Who Are Bad At Managing Money?

You know who I am talking about. Most of us have that one brother who blows his paycheck in a day or a cousin that has no money for retirement. No family is perfect, and we all te

Wise Bread Spotlight: List of Top Personal Finance Blogs by Women

To help women bloggers network with each other, we are starting a series of discussions in our Bloggers Forum focusing on female personal finance bloggers and special blogging chal

Why Is "Rich" Often Equated With "Evil"?

I was born in China and it was a place where wealthy people were the public enemy for many decades. The sentiment was spread by the propaganda of the Communist government and res

How Tapping Into Home Equity Is Like Pawning A Gold Necklace

It has occurred to me that tapping into one’s home equity can be like pawning a gold necklace, television set, or other personal item with resale value. Both involve using collater

Turn Unwanted Electronics Into Cash With Gazelle

We all have a few old electronics lying around that we never use anymore. It seems a waste to just throw them away, but it often takes effort to sell them. Now there is a new ser

Seven Tips For Buying a Second Hand Car and Walking Away Happy

Here are a few tips to help make sure the second-hand car you are buying doesn't end up being a second-hand nightmare.

Are your new tires really 6-year old ticking time-bombs?

Check the tires on your car. How do they look? Plenty of tread, no bald spots, no wear and tear? If that’s the case, you’ve probably got a great set of tires with years of life lef

Book review: Reinventing Collapse

Do you think the United States is about to collapse? Dmitry Orlov does, but you don't have to agree with him to learn a lot from his new book, which is packed with useful tips on

Seven Tips for the Newly Unemployed

The unemployment rate in California surged to 6.9%, and that is equivalent to the rate in early 2003. Most news reports say that unemployment will probably go up a bit more in the

Will house prices keep dropping?

I don't think much of the "buy low, sell high" model for house purchases. I think a house should be purchased as a place to live, in which case the main questions are whether you

You Can’t Save if You Don’t Try

There has been much discussion about whether certain money-saving strategies are worth your time. In a recent article in Parade Magazine, Tim Harford alerts us to “Bargains That A

Should your standard of living rise?

Studies show that a high standard of living doesn't make people happier. People who live in mansions and penthouses aren't any happier than people who live in suburban houses, sma

The Questionable Aspects of The Housing Bailout Bill - H.R. 3221

In my last article I wrote about the one aspect of the $300 billion dollar housing bailout that I thought made sense, but the full text of the bill known as H.R. 3221 is over 700

Seller Funded Down Payment Assistance Charities - Scammers or Saints?

The United States House of Representatives just passed a massive mortgage bailout bill that includes many changes to the Federal Housing Administration and the Government Sponsored

Track your spending. Or not.

One of the most universal bits of advice from financial planners is to track your spending. It's also one of the most universally rejected bits of financial advice--rejected by pe

The Federal Minimum Wage Increases This Week - Are You Getting a Pay Raise?

On July 24th, 2008, the Federal minimum wage in The United States will increase from $5.85 per hour to $6.55 per hour in accordance to the 2007 amendment to the Fair Labor Standar

Not Rich Enough and Not Poor Enough

Most of my highschool classmates came from middle class families that were not extremely rich. During senior year, I noticed a situation where families were not wealthy enough to

The Pros and Cons of Paying Cash for a House

Just like any financial decision, there are pros and cons to paying cash for a house.

Knowing Your Triggers Can Prevent Emotional Spending

They don't call it "retail therapy" for nothing. Uncontrolled, emotional spending has a lot in common with other addicitons and eating disorders. One of these shared traits is the