Money Tips Network

Naked With Cash: Brian, June 2014

Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

A Deeper Look at Proportional Budgeting

To people who don’t actively budget, budgeting can seem like a complicated mess involving spreadsheet programs, notebooks, and other materials. To others, it can seem like a restrictive nightmare, keeping your different types of spending in a tight box and holding back your freedom of choice to an unpleasant degree.

(I actually don’t find either to be true, but I’ve certainly heard the complaints.)

One solution to both of these problems is to move to a simpler budgeting system, one that offers only the most basic of spending guidelines and gives you a lot of flexibility within those guidelines. It’s a great solution for people who want to improve their financial situation but don’t like to have each category of their financial life in a tight box.

That’s where proportional budgeting comes in.

Does Your House Suck? Here's How to Sell It Anyway

Read any list of recommendations about how to sell your home and you'll get the same advice about how to bring out the best in your property to get top dollar. But let's face it. A lot of homes have more than just cosmetic issues you can fix with a little spackle, paint, and cleaning. Some homes just, well, suck. (See also: How to Sell Your House in 24 Hours)

Maybe your home's perched on a really busy road, or has major structural issues, or a wet basement. Sure, you could fix those things, but with real problem homes, making major repairs can, in itself, be a real financial risk. What to do? Here are some tips on how to get your home sold — despite its flaws.

13 Ways to Make Money Online That Aren't Scams

Welcome to the gig economy!

Thanks to faster and better startups sprouting all around the country, you are now able to make some extra dough on the side. You might even be able to ditch the whole 9 to 5 nonsense and set your own hours by booking gigs online. From tutoring children on the fine art of calligraphy to delivering meatball sandwiches to hungry office staff, there is a way to make money online waiting for you. (See also: 12 Side Jobs for Stay-at-Home Moms and Dads)

Jack (and Jill) of All Trades

Let's start with the gigs that are available to those who are competent in many skills, but not necessarily outstanding in any particular one.

Money extremes: From spendthrift to tightwad to somewhere in the middle

This article is by staff writer April Dykman.

Many years ago, when I was paying off a car loan and some credit card debt, I became really frugal. Almost obsessively frugal. I looked for every possible way to save money, and I dreaded ever having to spend money.

Then one morning my husband accidently broke our coffee carafe. I helped him clean up the glass and caught myself feeling anxious about having to buy a new carafe. How much was that gonna cost?

As it turned out, only $12. That’s when I knew I had swung too far in the tightwad direction. I’d gone from not really being in control of my money to being a control freak. And it was making me miserable.

From one money extreme to the other

The 5 Best Tents

The tent is one of the most important pieces of camping gear you could have. A good tent will allow you to enjoy the wilderness in relative comfort while protecting you from harsh outdoor conditions. You'll need to consider a number of factors when purchasing a new tent including size, level of protection and ease-of-assembly. To make your decision easier, we have Wise Bread's list of the top five tents.

Best Money Tips: The Shopping Edition

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some of the best articles from around the web on all things shopping!

Top 5 Articles

10 Online-Shopping Traps That Catch Even Smart Shoppers — Don't shop from a public wi-fi network or click links in unsolicited emails when shopping online. [Kiplinger]

8 Things to Buy From Amazon — Books and magazines are great things to buy on Amazon. [PopSugar Smart Living]

Are You Underpaid? How to Figure Out What Salary You Deserve

The ultimate job question: How much should you earn? It can be surprisingly hard to figure this out, because employers tend to hide the pay disparities between employees. There are, however, some good ways to ascertain what salary you deserve. (See also: The Psychology of Salaries: Do You Really Want to Know What Your Colleagues Make?)

Know the Industry

The first step is to research the job market you are entering. Are you in retail? Insurance? Blogging? It's important to know the specific industry in which you are applying.

How to Eat Well on Just $20 a Week (With Meal Plans!)

Can you eat for just $20 a week? Well, I've been feeding my family of three on an average of $65 a week for several years now — so you can certainly get close. Beyond a basic shopping list, eating on a budget — any budget — takes some patience, planning, and creativity.

Questions about Home Buying, Windfalls, Icebreakers, and Diapers

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question.
1. Mechanical Turk to blog migration
2. Music for focused work
3. Costco, Sam’s Club, or BJ’s?
4. Investing advice for teens
5. Cheap lunches at work
6. Financial formulas
7. Home buying advice
8. Money saving in college
9. Divorce advice

Naked With Cash: Jake and Allie, June 2014

Naked With Cash is an ongoing series at Consumerism Commentary in which readers share their households’ finances with other readers. These participants benefit from the accountability that comes from tracking their finances publicly and the feedback of the four expert Certified Financial Planners (CFPs).

For more information, read this introduction.

4 Ways Stores Trick Us Into Impulse Buys (And How to Resist)

Paco Underhill's Why We Buy is the seminal book of retail psychology. I first read it when I was fresh out of business school and newly employed by Toys 'R Us as we worked on revamping the brand and the physical stores. It made me realize all of the tools that retailers use to their advantage to entice customers. Because over half of purchases in the U.S. are unplanned, retailers are clearly succeeding with the book's strategies.

Using “Decisive” for your decisions

This article is by staff writer Lisa Aberle.

The older I get, the more complicated my life gets — and the harder it is for me to make decisions. Do we have anything in common there?

By far, the most complicating factor has been having children. Not that that’s a bad thing. It’s not bad, just … complicated. And since we just added another child about two weeks ago, we’re adjusting to less sleep and more laundry. So kids = sometimes hard decisions. For example, here are a few of the decisions that we’ve considered since having children:

Successful Women Have These 7 Things in Their Bags — Do You?

First of all, it's a bag — not a purse. The successful woman can't possibly tote around all her must-haves in a dainty little purse.

Perhaps U.S. Senator Claire McCaskill, Democrat of Missouri, said it best when she told the New York Times this: "I think most of us, while we may look at the cute little purses, our lives don't fit a cute little purse. Our lives fit something that is in between a purse and a briefcase, and that's what I carry."

Reader Profile Update: CM

The following is an update from reader CM. He shared his reader profile with us last year.

Since this post, quite a bit has changed.  Most notable difference has been that I have a daughter now that will turn 1 at the end of this month (crazy how quickly that happened).  Having a child has definitely been awesome, but it has certainly affected the finances and our priorities going forward.

Is Your Partner Financially Unfaithful? (1 in 3 Are)

One in three adults in a combined financial relationship admits to financially deceiving their partner, according to a recent poll published by the National Endowment for Financial Education. Even worse, 76% admit that financial deceptions have had an impact on their relationship. (See also: 7 Questions That Reveal If You and Your Partner Are a Money Match)

Do You Know About This Movement?

Is there a new movement happening in your backyard that you are unaware of? A new reality television series has probably never been the impetus behind a major change in how we live, but could this one be different? The show in question is called “Tiny House Nation,” and it kicked off earlier this month on FYI, an A&E cable channel.

There is a growing interest in the movement, which goes by many names, like “small houses,” “micro-homes” and the ever more popular “tiny homes.” There are as many definitions of what a tiny home is as there are definers. Everyone agrees it’s smaller than about 700 square feet of living room, but most high-profile-tiny-home advocates celebrate postage stamp homes: less than 250 square feet.

Stop worrying…You probably didn’t pay too much for your new car

Most of us like to tell “fish stories,” and they often include tales about the great deal we negotiated on our new car or truck. But behind closed doors, many of us obsess that we really paid too much. At least that’s the conclusion of the first annual TrueCar Buyer Study, which polled more than [...]

Stop worrying…You probably didn’t pay too much for your new car from personal finance blog Bargaineering.com.

This blog was posted by

Choosing Income-Positive Hobbies and Projects – And Fifteen Examples to Get You Started

Like almost everyone in America, I fill my spare time with a number of projects and a handful of hobbies. I have a number of things I’ve consistently enjoyed over the years – reading books comes to mind, as does computer programming – as well as hobbies that I’ve jumped into passionately for a while and then burnt out on – golf comes to mind, as does geocaching.

Income-Positive Versus Income-Negative

The problem is that the vast majority of hobbies and projects out there are “income-negative.” In other words, those hobbies consume money instead of creating it.

Many of my hobbies certainly fall into this category. While I do strive to keep the financial implications low – I try to spend roughly $1 per hour of hobby enjoyment – most of my hobbies are still income-negative.

Best Money Tips: The Travel Edition

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some of the best articles from around the web on travel!

Top 5 Articles

Ten Money-Saving Vacation and Travel Tips — Packing smart and sleeping cheap can help you save money on your vacation. [Get Rich Slowly]