What the marshmallow test can teach us about money

By now, you’ve probably heard of the famous Stanford marshmallow experiment. Most folks are familiar with this fifty-year-old study and its conclusions. In case this is the first you’ve learned of it, however, I’ll give a quick review. During the late 1960s, psychologist Walter Mischel tested the willpower of young children (roughly four years old). […]

How to Educate Your Children About Financial Management

August 14 is National Financial Awareness Day, which presents a golden opportunity to educate your kids about financial management. Unfortunately, it's not common that financial literacy programs are offered in school curricula. In fact, according to Investopedia, only 17 states in the U.S. require... […]

The Battle Against Scarcity

When I was growing up, money was scarce. My father worked in a factory some of the time and my mother was a stay-at-home mom, so even when he was working there wasn’t a ton of money, and when he was laid off… things got tight. My father was a jack-of-all-trades and a pretty good small-scale commercial fisherman on the side, so we managed to muddle through. […]

Why This Professor Says College Is a Waste of Money

In our increasingly uncertain world, there’s still one thing almost everyone seems to agree on: the value of a college degree. […]

Ask the Readers: How Do You Save Money When Dining Out?

If you want healthy, frugal meals, cooking at home is the way to go. But for the days when you want to treat your family to a restaurant experience (or the siren song of fast food is too alluring on those busy nights), there are a ton of smart ways to dine out within your budget. How do you save... […]

A First-Timer's Guide to Using Airbnb

If you've been on the internet at all in the past five years, or have friends who travel frequently, chances are you've heard of Airbnb. But if you haven't tried it for yourself, it can seem a bit ... weird. After all, you're staying in real people's homes, and what if your hosts turn out to be ax... […]

15 Tips From People Who Paid Off an Incredible Amount of Debt

Link for teaser title:  https://www.wisebread.com/15-tips-from-people-who-paid-off-an-incredible-amount-... Inspirational and actionable tips from people who paid off six figure... […]

What Are the Worst Credit Cards of 2018?

Sometimes card issuers get everything right when they dream up a new credit card and benefit package, but sometimes they get it so wrong it’s almost laughable. […]

Questions About Books, Dogs, Stress, Video Games, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Medical debt late in life 2. Three best personal finance books 3. Best use of a raise 4. Books like Wisdom of Frugality 5. Adjusting budgeting methods 6. Annual cost of dog ownership 7. Regular versus Roth? 8. […]

How to refinance your student loans

This is a guest post from Travis Hornsby, founder of Student Loan Planner. I met Travis last year and realized he knows a lot about something that’s a blind spot for me. I asked him if he’d be willing to whip up an article for GRS readers about refinancing student loans. Here it is! How would you like spending $4000 each year and have nothing to show for it? Sounds crazy, right? […]

Three Mental Models for Personal Finance

The following is a guest post from The Master Dukes of Dollars. The two bloggers held court frequently, delving into lifestyle and personal finance discussions as they searched for ways to live an optimal life, eventually deciding to invite a global audience into their mindsets by establishing their own blog together. […]

2-Minute Read: What You Need to Know About Cash Advances

You need cash now, but you don't get paid for a few more days. You always have the option of getting a cash advance through your credit card, but should you? Any time you use your credit card to receive cash from an ATM, it's considered a cash advance rather than a purchase, and that distinction is... […]

Can’t Afford a Bankruptcy Attorney? This Nonprofit Might Be Able to Help

If your medical or credit card debt is so crushing that your best debt repayment efforts can’t seem to make a dent, it might be worth considering bankruptcy. […]

Some Thoughts on Home Ownership after 10 Years

A little over 10 years ago, Sarah and I moved into the home that our family has lived in ever since. […]

What Value Are You Really Getting?

The other day, Sarah and I were coming home from visiting some friends in another state. Typically on a road trip, we plan ahead a little and pack sandwiches and beverages for a meal on the road or in a park or something because it’s really inexpensive and filling and easy to do on the road. […]

Why the Best Credit Card Rewards Strategy Is a Slow One

For those who rush into the credit card rewards game, the consequences can be severe and long-lasting. After all, average credit card debt per indebted household stood at $9,100 in 2017. While some of that debt is probably the result of emergency spending, it's inevitable that some of it also comes... […]

How to retire young

I am both a money nerd and a book nerd. Naturally, I get a little giddy when I find old books about money I’ve never heard of before. While browsing Oregon’s best used bookstore earlier this year, I stumbled on a 1989 book called How to Retire Young by Edward M. Tauber. […]

The Wisdom of Frugality – Final Thoughts

This is the last entry in an eight part weekly series that provides a detailed look at the book The Wisdom of Frugality by Emrys Westacott. If you’re new to the series, feel free to hop back to the first entry. Let’s start off by recapping the other seven entries in this series. What Is Simplicity? […]

When Whole Life Insurance Doesn’t Last Your Whole Life

When you see the term “permanent life insurance,” does that lead you to believe that it will cover you for your entire life? That’s an honest mistake, but a potentially costly one. “Permanent life insurance,” as Tamara Holmes at InsuranceQuotes points out, is an umbrella term for insurance that covers you for a long period of time. […]

How to Tackle Your Summer Vacation Credit Card Debt

It's easy to rack up credit card debt while on summer vacation. After all, finances are probably the last thing on your mind, and you have a handy credit card in your wallet whenever you need something. You can sit back with a margarita in hand without having to look at that credit card statement... […]