I ran across this idea in a book by some financial guru years ago. The book was packed with an odd mix of obvious and kooky ideas, of which this was one of the latter. For some r
The usual rule of thumb is 3 to 6 months' income. Of course that's silly--the size of your emergency fund needs to be based on your spending, not your income. But even 3
You drive and drink responsibly, spend your money responsibly, and act responsibly, don’t you? But do you invest responsibly? Can you invest responsibly?
Halfway through Fred Brock's book Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future, I was already drafting a review that would
A reverse mortgage allows a senior citizen homeowner to access the equity in their home without having to sell their house or otherwise uproot themselves unwillingly.
Everybody enjoys getting a windfall. One of the attractions of the lottery (besides the infinitesimal chance that you might win a life-changingly huge amount) is that the smaller
One of the most underrated financial x-factors in our lives is our relationship with money and the inner psychology of how we deal with our finances. I suspect that it is bec
The fact is, you can pretty easily get 30% or more on investments that are not only very safe but come with built-in inflation protection. But don't get too excited.
I have had as many as five separate businesses at once to keep track of, including proper accounting of expenses for tax purposes. And it takes me no more than 5 minutes per wee
My introduction to David Bach was when I saw him speak at a financial conference a few years ago. He told an interesting story about a couple who came in for a consultation with hi
Sometimes you get a windfall--a bonus, an award or reward, a gift, a long-forgotten loan unexpectedly repaid. When that happens to you, do you use the money to make a special purc
A tip from Eric Fedewa sparked a discussion between Wise Bread bloggers (Andrea Dickson and me). He brought a new financial term (front-loading) to our attention that indicates how
Most of us have insurance of one sort or another. But if you're like me, the prospect of a trip to the insurance agent's office isn't something that keeps you awake with excitement
It takes more than $1.40 to buy one euro today. It cost less than $1 as recently as late 2002. A Canadian dollar is worth just about exactly a US dollar--a parity not seen since
I have spent a good portion of my young life being poor. Growing up on a small family farm during the agriculture crises in the 80’s gave me perspective on what poverty really mean
Among the Wise Bread community, I get the sense that there's a kind of "pox on both their houses" attitude to the problems in the subprime mortgage markets. People who worked thro
I'm not sure how many of you watch the news or read the news blogs on a daily basis. I know I can't, it's way too depressing to do every day. But when I saw that George W. Bush, ou
Can the concept of dollar-cost averaging (DCA) help prevent nervousness in investors? (I think so). But what is DCA and is it a viable investment strategy? If you are a seasoned in
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