Money Tips Network

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Join our Tweetchat this Thursday at 12:00 p.m. Pacific/ 3p.m. Eastern for lively conversation and a chance to win a $200 gift card or one of two $50 gift cards! Use #WBChat and #stateofcredit to participate.

This week's topic: What #StateofCredit are you in?

The Power of Deep Prioritizing

Not too long ago, I spent an entire workweek without writing a single word for The Simple Dollar or any other writing project for that matter. Yet, this wasn’t a week of vacation or sabbatical or anything like that.

What did I do, then? I spent an entire week reading a few relevant books and a stack of articles. I took a lot of notes. I did a lot of brainstorming and very vague outlining. I tried out a few interesting things that I thought were perfectly suited for articles.

From a short-term perspective, this was a disaster. This produced nothing in terms of having articles for The Simple Dollar, and an entire week was down the tubes. However, it was incredibly valuable and efficient in terms of a longer-term perspective. I had the raw materials to quickly finish a good month’s worth of articles fairly quickly.

Raising a Kid Costs How Much? Ways to Whittle Down the Costs of Parenthood

You may have heard that the cost to raise a child to the age of 18 have surged to a staggering $233,610. That’s according to the United States Department of Agriculture (USDA), who has meticulously tracked the prices of everything from housing to healthcare and childcare throughout the years.

If you don’t have kids, this statement probably sounds preposterous – or even impossible. If you do have kids, on the other hand, you’re likely keenly aware of just how realistic this outrageous, nearly quarter-of-a-million-dollar figure is.

8 Ways to Keep Boredom from Destroying Your Budget

Bored, bored, bored; most of us find those words repeating in our head at some point during the week. The trouble is, when you’re bored, you look for ways to relieve the boredom. And these days, that can lead to some poor money decisions.

How to Get More Value Out of American Airlines Miles

The American Airlines AAdvantage frequent flyer program was one of the first ever created.

5 Questions Retirees Should Ask Before Starting a Small Business

Retirement is a time to kick back, slow down, and do all of the things you didn't have time to do during your "clock-punching" years.

7 Things You Should Know About Your 401(k) Match

If you are working and have access to a 401(k) plan from your employer, you may have heard references to a "company match" on contributions. What does this mean?

The 5 Best Compression Sacks

Compression sacks (or dry bags) are highly useful on backpacking, camping, kayaking, and hiking trips because they can help lighten your load.

Yes, You Still Need an Emergency Fund in Retirement

You know how important it is to build an emergency fund while you're working. But here's what you might not know: You need to keep that emergency fund well-stocked with savings even after you retire.

An emergency fund might be even more important once you leave the working world.

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This Cold House: 18 Ways to Keep You and Your Home Warm Without Big Energy Bills

Like many American households, we dealt with some seriously cold weather over the last week or two. We had multiple school delays and closings primarily due to the cold weather and it wasn’t uncommon to see temperatures far below -10 F, even during the midday.

Cold weather can be a challenge. The simple solution, of course, is to just crank up the heat and not worry about it. That certainly works, of course, but then the huge energy bill comes in a month later, leaving you with a drained checking account and frustration about the expensive energy costs.

Clearly, there is great value in figuring out ways to combat the cold without turning up the heat. How can you keep the chill away without spending lots of money on energy bills?

Here are 18 things that our family does to keep energy costs low, even during the coldest months.

Seven Reasons the Wealthy Use Credit Cards (Even Though They Don’t Have To)

We all know that the rich – and even “Millionaire Next Door” types – handle their money differently. Instead of looking for ways to flaunt their wealth, they actively keep it hidden. And instead of accumulating “stuff,” they strive for financial independence and seek out targeted opportunities that help them earn even more money.

And even though wealthy folks don’t necessarily need to use credit cards, they still do. A 2015 poll by CreditCards.com noted that, out of 800 wealthy families surveyed, three out of five used rewards cards with a preference for cash-back. Meanwhile, households with investable assets of $100,000 or more were twice as likely to say they prefer frequent flyer miles over cash.

7 Easiest Ways to Catch Up on Retirement Savings Later in Life

According to a survey by the Employee Benefit Research Institute, three in 10 workers report that preparing for retirement causes them emotional distress. Why?

How I Successfully Gambled in Las Vegas Without Losing My Shirt

When I learned that I would be going to Las Vegas for my sister-in-law's birthday, I was concerned that the trip would turn out to be an expensive adventure.

How to Deal With Reverse Culture Shock When Returning Home

While culture shock has long been a widely acknowledged experience, reverse culture shock has taken a little more time to gain the same understanding.

5 Questions to Ask Before Applying for a HELOC

You've paid enough on your mortgage to build a solid amount of equity in your home.

Ask the Readers: What Are Your Financial Goals for 2018?

Setting goals, and having an action plan to achieve those goals, can help you make big changes to any part of your life — including your finances.

What are your financial goals for 2018? Why did you set these goals in particular?

5 Ways Your Money Is Being a Jerk (And How to Fight Back)

They say money is the root of all evil. That’s debatable, but it can certainly be at the center of a lot of problems. You want to get out more, but your money says no. You want to retire someday, but your money gives you the finger.