Money Tips Network

9 Ways Getting Married Is Good for Your Finances

Regardless of whether you believe in marriage, walking down the aisle has its benefits. On average, married couples live healthier lives than those not married; and there's evidence that underprivileged children are "more likely to graduate college and earn more if raised by two married parents." (See also: How to Stay Happily Married for 29 Years)

But the potential benefits don't stop here.

Frequent Flier Miles Will Soon Favor the Rich

This post comes from Libby Kane at our partner site LearnVest.com.

We don’t need to tell you that air travel is expensive.

That’s even with airline loyalty programs, which generally grant frequent-flier miles to travelers based on the distance traveled. These are later redeemed for a free trip (or part of a trip).

But rewarding customers this way is slowly being abandoned by the industry. MarketWatch reports that, following the example of JetBlue Airways, Southwest Airlines and Virgin America, Delta will change the structure of its loyalty program starting in 2015.

The Value of Unavailability

Let’s roll the clock back to a particular weekend in the middle of 2006. Sarah and I had just begun our financial turnaround, but that’s not really what I want to talk about here.

That weekend, Sarah’s parents had come to visit – I think her youngest sister may have been there, too. We were going to spend an afternoon in Des Moines together looking for a few items for our infant son and then going out to eat at a nice restaurant that was tolerant of babies. I was looking forward to it.

At that time, I was employed in a research lab where I spent my time doing data analysis and aiding in data sharing. Most of our data was stored on two mirrored computer servers, one of which was available to the public when they wanted to access the data we shared.

That morning, a disaster happened. Within a few hours of each other, the main server ran into a software problem and the backup actually crashed.

Reader Mailbag: Better Resume Writing

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. Dropshipping
2. Job “upgrade”?
3. Refinancing for interest and cash
4. SmartyPig
5. Bicycle advice
6. Checking account requirements
7. Evaluating investment options
8. Card game evening?
9. Meditation and/or prayer

Podcast 173: Farnoosh Torabi, When She Makes More

This interview should be required listening for women — and men — who are in a relationship, particularly a marriage, in which the woman earns more than the man. This is precisely the situation in which author Farnoosh Torabi has found herself, and as a popular financial columnists, she discovered she wasn’t alone.

Based on her own experiences, questions from her readers, she began researching relationships for her latest book, When She Makes More: 10 Rules for Breadwinning Women. The book features stories from and advice for the growing number of couples who are seeing this non-traditional income dynamic.

How to track your spending (and why you should)

This article is by staff writer Holly Johnson.

Recently, an old friend emailed me for help with his family’s financial woes. The confession that followed wasn’t pretty, and included tales of student loans, car loans, unrestrained spending, and empty bank accounts. It was all bad news, which I found rather surprising considering their relatively high income. So, of course, I asked about their fixed expenses. What were they?

We emailed back and forth for quite a while, and he gave a few more details of their situation. For example, their house payment was only around $900. Affordable. Car payments and student loans consumed around $450 each month. Not shocking. Then there were the expenses that everyone must contend with — things like groceries, gas, school supplies, and insurance. It was all rather boring.

11 Surprising Benefits Of: Chewing Gum

As a connoisseur of chewing gum, I can attest to the many benefits that my favorite go-to gum gives me (Trident Sugarless Watermelon Twist, for the record). While gum is by no means without its flaws, you may be surprised by some of the advantages that go hand-in-hand with chomping on a stick. Just be sure to chew and dispose of your gum responsibly. (See also: Surprising Benefits of Caffeine)

12 Delicious Soups You Can Make From Leftovers

Stuck with lots of leftovers? Not a problem! Though I'm notoriously bad at using prepared food from one night to the next, I've found that a little planning can turn that curse into a blessing. And with food waste being one of the top money-suckers from grocery budgets far and wide, it's only prudent to wise up and make the most of what you've got.

Best Money Tips: Ways to Find Happiness in What You Already Have

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on finding happiness in what you already have, eco-friendly wedding DIYs, and times it's OK to be cheap.

Top 5 Articles

40 Little Ways to Find Happiness in What You Already Have — To find happiness in what you already have, exercise your inner power and and give what you have. [Marc and Angel Hack Life]

Eco-Friendly Wedding DIYs — Consider making bottle-cap planters or newspaper bouquets for your wedding. [PopSugar Smart Living]

The Single Greatest Key to Managing Your Time

In a day-to-day context, each of us — rich or poor, talented or developing, dynamic or shy — is given the same 24 hours. But what do we do with each moment?

While we can't change the circumstances, talents, or personality with which we enter this world, we can decide how we spend the hours, days, and years afforded to us. We can choose the path we take and how we will respond to any obstacles that get in our way. The trick is simply to manage and maximize the time we've been given. (See also: The Secret to Time Management and Work-Life Balance)

Are You Ready to Turn Your Hobby Into a Business?

Do you have a hobby you enjoy? This can be anything from painting to building furniture to playing video games. In other words, anything you do in your spare time to have fun. (See also: Awesome Money-Making Hobbies)

While some people are content with keeping their hobby a hobby, others get the bright idea of turning theirs into a side gig or business. They begin to wonder if there's a way to take their favorite activity and turn it into a money-making machine.

10 Surprising Things That Lower the Value of a Home

The real estate market is making a comeback in most parts of the nation, and sellers are once again enjoying a relatively healthy home-buying market. But in spite of the recovery, there are still some factors that can hurt your home's value. Here are 10 surprising features that can devalue your dwelling. (See also: Home Improvements That Add the Most Value)

1. Swimming Pool

While swimming pools are a necessary luxury in many of the country, in other regions, pools can often make the value of your home take a dip.

Join Our Tweetchat on Thursday 4/24, 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 or one of two $50 gift cards! Use #WBChat and #APTSchat to participate.

This week's topic: Wallet-Friendly Décor! Learn about frugal ways for decorating your walls, sprucing up your floors, adding pizzazz to your tables, and more. Tell us how you add cost-effective flair to your home and share with us your number one tip for decorating your home frugally!

For an easy way to keep track of the conversation, try using our special Tweetchat Chatroom.

Using the Reality of the Moment

Yesterday, I read a wonderful article by Leo Babauta at Zen Habits entitled The Reality of This Moment. The article encourages people to think about how we’re okay in the moment:

As we go through our day, we’re often stressed because of all the things we have to do, the things we’re not doing. We worry about how things will go in the future, and procrastinate because we’re afraid of an overwhelming task. We feel we’re not good enough, we compare ourselves to others, we fall short of some ideal. We replay a conversation that already happened.

That’s all in our heads, but it’s all fantasy. The reality of this specific moment is that you’re OK. Better than OK, actually: there are so many good things to be grateful for, in this moment.

The Simple Dollar Weekly Roundup: Child Medical Issues Edition

At almost the exact same time, our youngest child got a large facial rash and our daughter got an extremely sore baby tooth. This led to medications. Doctor’s appointments. Worry.

Being a parent would be far easier if you could simply rely on perfect health from your children. Human lives are fragile, though.

I am thankful for the health that they do have.

How to Stop Buying Clothes You Never Wear I think this advice applies to anything that people buy without using. I’ve been guilty of doing this with books and games in the past. (@ get rich slowly)

In Case You Were Wondering

You may have noticed that my site has been down for the past few days.

Typepad, the service I use to run this blog, was attacked system-wide and most, if not all, of their blogs have been down since the weekend.

Thanks to those of you who emailed or tweeted me. I appreciate your concern and thank you for looking out for me.

Anyway, I hope we're back to normal and things will proceed as usual.

Thanks for reading FMF.

Update: Here's a newly posted piece featuring advice from top personal finance bloggers. Click through to see what I had to say. :)

Get Rich Slowly: The Course

This article is from J.D. Roth, who founded Get Rich Slowly in 2006. J.D.’s non-financial writing can be found at More Than Money.

Here it is, 2:22 on a Tuesday afternoon. I’ve been up for more than 48 hours straight with only brief naps snatched here and there. I’m exhausted — but I’m happy. What’s the deal? Am I a proud new papa?

Well, as most of you are aware by now, I am a father of sorts. This morning at 9 a.m., after nearly a year of effort, I launched my latest project, a 52-week guide to building wealth. Like this site, the course is called Get Rich Slowly, and I think it’s the best work I’ve ever done.

What’s so good about Get Rich Slowly: The Course? Let me tell you!

4 Reasons Why Starting a Small Business is Easier than You Think

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What You Can Learn From People Who Take Vitamins (It's Not What You Think)

For decades, in study after study, people who take vitamin supplements have been shown to be healthier than people who don't. And yet, for just as long, in every good randomized trial where some people were given a supplement and others a placebo, taking the supplement gave no benefit. New published reports mean we finally have enough data to draw some definite conclusions. (See also: Know What You're Getting With Herbal Supplements)

A Money Expert Who Knows What She's Talking About

In contrast to many financial "experts" in the media who know very little about money management (I noted this in Money 101: How to Measure and Track Wealth and Another Financial Media Mistake), Business Week magazine interviewed Ann Kaplan, a woman after my own heart.

Here's what started off the interview: