Money Tips Network

Is the Corporate Career Track Right for You?

A corporate career was once the dream for middle class America. It provided financial security, social respect, and a shot at reaching the upper class.

Today, the corporate career track is profoundly different than in the past. Billion dollar startups and average-joe media sensations have robbed the corporate life of its glamour. Ever growing classes of college graduates have undermined its promise of accessibility. Generations of disgruntled middle-management employees have undone the hope of upper class mobility. And finally, massive layoffs over the last decade have completely disassociated the concept of financial security from the corporate ideal.

How to Stay in a 5-Star Hotel for Less Than the Cost of a Motel

Ocean-front resorts, ski-out rooms, four and five star hotels, suites, and included breakfasts may sound like hotel perks reserved for those shelling out big bucks on vacation, but the truth is that my family often stays in those hotels and with those perks without breaking the bank. We have stayed in four and five star hotels for less than the cost of a roadside motel. In fact, sometimes we don't pay any money at all for luxury accommodations.

Join Our Tweetchat on Thursday 5/8, 12pm PST for a Chance to Win $300 in Prizes!

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, one of two $50 gift cards, or one of three copies of The Charles Schwab Guide to Finances After Fifty! Use #WBChat and #SchwabBook to participate.

The Coupon Rotation

Over the years, I’ve talked about several different methods Sarah and I have used to manage coupons at the grocery store.

At first, I wasn’t really convinced that coupons were worth the time investment. We clipped them leisurely, mostly as a Sunday morning breakfast activity.

The Simple Dollar Weekly Roundup: Cookbook Edition

The internet provides an absolute mountain of recipes for people who want to find them. There’s a recipe out there for almost anything you want to cook.

So why do I still love cookbooks?

Honestly, I haven’t found a better system for browsing cohesive organized recipe collections. I can get close to that experience by browsing the archives of a specific food blog, but even then, it’s harder to browse. I can annotate recipes, bookmark them, see techniques (in good cookbooks, anyway), and also be inspired to try something new.

I’m almost always thrilled to find an interesting cookbook at a used bookstore or to receive one as a gift, even with the millions of recipes one can find online. They just inspire me to try cooking things at home.

One year later: The benefits and tragedies of self-employment

This article is by staff writer Holly Johnson.

Almost exactly a year ago today, I quit my full-time job to pursue my passion — writing. It was one of the proudest moments of my life, but it was also terrifying. I had spent the last six years working alongside my husband, a mortician, in the funeral industry. My job certainly wasn’t perfect; but it was stable, well-paying, and sometimes fun. I also loved the people that I worked with and was extremely attached to a few. On the other hand, I knew it was time. I had been working full time and writing on the side for so long that I no longer knew what a “real life” was like. In fact, my “real life” was a mess.

Cost of Average Wedding Almost $30,000

I can't resist. I know I've covered the cost of weddings previously, but every year when the new numbers come out, I'm astounded once again.

Here are the highlights for 2013:

“Smart Pills” Will Soon Have You Swallowing Computers

Your doctor may soon be handing you tiny computers to swallow when telling you "take two and call me in the morning."

That's because Proteus Digital Health, a British medical technology company, has recently begun large scale trials of its so-called "smart pills," equipped with tiny sensors to monitor your health from the inside out.

Each pill contains a sensor the size of a pinhead, which, when paired with a bandage-sized patch slapped to your skin, will monitor health indicators like sleep, heart rate, respiration, and physical activity.

10 Words to Never Use in a Job Interview

Job interviews are tough, if you're lucky enough to get one. A recent study found that 80% of the available jobs in the US are never advertised. And only 20% of people who apply for any given job actually get an interview.

So, if you do have an interview lined up, congratulations; you've already beaten the odds. Now, you have to get through the interview, and once again the odds are stacked against you. First impressions count, and doing your homework on the company you want to work for is a given. But what else can you do, or not do, to improve your odds of getting the job?

8 Expensive Recipe Ingredients That Are Easy to Replace

As an avid home cook and baker, I've certainly had my fair share of mishaps in the kitchen. I've also learned some tricks along the way to make my hobby more rewarding and less expensive. As a vegetarian who favors vegan dishes, I've also become accustomed to substituting and swapping out certain foods. Eventually, I learned some pricey ingredients can be taken out of the picture entirely without compromising the finished product.

Here are eight ingredients you can do without (along with some substitution notes).

Wills that leave values, not valuables

You’re accustomed to seeing personal-finance articles on this site, and a quick scan of the archives will reveal every imaginable personal-finance subject.

You’ll find blogs about the best zero-percent-APR credit cards and how to track down the best high-yield savings accounts. You’ll spot posts on financial plans and funding home purchases and college educations. And you’ll see deep dives into estate-planning tools like powers of attorney, living trusts and wills.

But this week, it’s high time FiveCentNickel looked at a different kind of will, one that allows you to pass to your heirs values rather than valuables. I’m talking about a document called the ethical will, sometimes referred to as a legacy letter.

3 Marriage-Saving Approaches to Take if Your Spouse’s Spending is Out of Control

This article was first posted at U.S. News and World Report Money.

It’s a common story. One partner in a marriage realizes the value of financial responsibility and starts working in earnest to improve the couple’s financial situation. Meanwhile, the other partner hasn’t had that epiphany and prefers to continue old financial habits.

Inevitably, these situations end up in conflict. The actions each spouse takes on a daily basis are pulling their finances in opposite directions. Just like two mules pulling on opposite ends of the wagon, no progress is made and both partners are frustrated.

Arguments ensue. Frustration takes hold. Poor decisions are made. These situations can eventually cause a marriage to dissolve.

What can you do if your spouse’s financial decisions are working against all of your plans and efforts? Here are three approaches that are well worth trying.

How to Win the War Between Consumers and Creators

As the title implies, there is a war between consumers and creators, and the battles in this war are played out with money. It’s a war I’ve been seeing from both sides of the trenches. I am a consumer, but more than that, I’ve been writing and thinking about consumer behavior from an empowerment perspective for more than a decade. I am also a creator; I’ve turned my thoughts about culture into a website and a business, for which I’ve needed to market myself as any other entrepreneur might for his or her own business.

Large Portions and Doggie Bags

There’s a small family-owned restaurant that Sarah and I take our family to regularly. We like the employees and the owners there and have become something like “regulars,” as it’s a place we’re comfortable taking our children to for a pleasant and peaceful meal.

Anyway, as we were examining the menus during our last visit, I was distracted by the prices on some of the offerings. They had a “small” and a “big” version of many of their dishes (I don’t remember the exact term they used for each column).

Most of the prices were the same in each column – a small dish was $8.99 and a large dish was $12.99.

When we ordered, Sarah ordered as she usually does, choosing the large dish. Her plan, as usual, was to eat about half of it, then put the rest into a doggie bag to take home and then take for lunch the next day.

I usually do the same thing, but this time I chose the small dish instead, which would give me about half the food.

Eating healthy on a slim budget

This article is by staff writer April Dykman.

I spend almost as much on groceries as I do on my mortgage.

Now, before you spit your coffee all over your keyboard, you should know that my mortgage is pretty low, lower than what some of my friends pay in rent. And for me, “groceries” includes all of the extras one buys at grocery stores, like paper towels and soap and the latest issue of the weekly tabloid.

(Kidding! I have zero interest in the tabloids. Especially now that none of them cover the bat boy or alien baby adoptions.)

Ask the Readers: What Is the Best Lesson You Learned From Your Mom?

We learn so much from the people who raised us — for better or worse! With Mother's Day just around the corner, let's talk about the things we learned from mom.

What is the best lesson you learned from your mom? Is it something you appreciated at the time, or did you resist as children do? Do you make it a point to pass on the lesson to your kids — or anyone else?

Tell us about the best lesson you learned from your mom and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We're doing three giveaways — here's how you can win!

Best Money Tips: 7 Frugal Ideas to Celebrate Mother's Day

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on frugal ideas to celebrate Mother's Day, things beginners must know about saving for retirement, and how to fill the hours after a layoff.

Top 5 Articles

Don't Go Broke Celebrating Mother's Day - 7 Frugal Ideas — Opt to make dinner yourself and give mom a no work day for Mother's Day. [Free From Broke]

This Is How You Dress Like Don Draper on the Cheap

Looking for that 1960s look for when you head down to the office? It's a lot easier than you think.

Few television shows have had such an impact on popular culture as "Mad Men." No one, so far as we know, is looking to dress like Jesse Pinkman from "Breaking Bad." Lots of guys, however, are looking for the perfect Don Draper-esque suit or hat. Fortunately, the run of "Mad Men" happens to coincide with a sort of golden age of discount made-to-measure suits. Here's how to get the Draper look without the Draper budget.

6 Surprising Reasons You Still Need a Travel Agent

With online travel booking becoming the norm, it may seem like there's no room left in the industry for travel agents. The number of travel agent retailers has indeed dropped from its peak of 34,000 in the mid-1990s to about 13,000. But travel agents are not yet obsolete; they still own as much as one-third of the U.S. travel market.

In fact, you may want to visit one to book your next trip, because there are quite significant benefits to using the services of a travel agent. (See also: 40 Useful Travel Websites)

10 Reasons Why You're Not Reaching Your Goals (and How to Change That)

Whether you make goals when you crack open a new calendar or at times of self-reflection, why does achieving them often seem elusive? Here are 10 reasons why you may not be reaching your goals — and how you can overcome these obstacles, turning your goals into realities. (See also: 6 Steps to Achieving Your Goals)

1. Lack of Clarity

"I want to lose weight," "I want to make more money," and "I want to learn how to cook" are all too vague. How will you know what steps to take to reach those goals — or when you've achieved them?