September 13th, 2013

Link Roundup: Several Good Reasons to Not Contribute to Your 401(k)


Several Good Reasons to Not Contribute to Your 401(k)


Several Good Reasons to Not Contribute to Your 401(k) “A very common piece of advice that’s given about retirement is that of maxing out a 401K plan at work. More than a few people, including professional financial advisors, will tell you that this is a way to make sure that your retirement is truly golden. While we’re not saying that, for most people, this is an sage advice, it’s not for everyone. The fact is, there is no single universal rule for retirement planning and indeed, everyone has a set of unique circumstances, goals or needs determining what their correct course of action should be. In some cases, putting all of your money into your 401(k) might not be the best idea. In fact, we’ve put together several reasons to not contribute. Enjoy.” So Over This

Easy Ways to Save Money as a College Student “When I was in college, learning how to get by on a little bit of money took some getting used to. By my senior year, it was much easier than my freshmen year. All along the way, I learned tips and tricks to stretch my limited amount of dollars. Here are four tips that I used that helped me to keep my spending in check.” 20′s Finances

Five Checking Account Fees You Might Not Be Aware Of “For many people, it can be easy to trust banks and not read the fine print that explains various checking account fees that can add up to hundreds of dollars each year for the customer. By becoming aware of the most common fees from banks, it can be easier to avoid hefty fines and save money in the long run. Fortunately, since 1991, the Truth in Savings Act requires banks to disclose fees to each customer when opening a new account and update them on new fees.” My Financial Reviews

4 ways to fix an unsteady cash flow “When I was still a student, I was pretty much broke all the time. I didn’t mind too much though. I knew that when I graduated and got a “real job,” my money worries would be over. Right? But even after I found a great job with a decent salary, I noticed something weird. At certain times of the month, my checking account was overflowing. There was a couple thousand dollars in there! Other times, I would have less than $100, prompting me to worry about what would happen if a check cleared my account a day earlier than I expected.” Money Blue Book

Three Budgeting Processes That Work “CBS news reported that 76% of American households are living paycheck to paycheck. Less than half have three months of worth savings. We are sending our kids to college with no money and over a trillion dollars of outstanding student loan debt. Normal in America is being broke. It’s time to get weird.It’s time to stop managing our debt and start eliminating it for good. It’s time to get on a Money Plan and use a budgeting process that works.” Money Plan SOS

7 Myths About Secured Credit Cards “For many, access to credit cards is as simple as responding to a solicitation in the mail, or filling out a simple online application. But for those with past problems, low income or no credit history, it’s not so simple. That’s where secured credit cards come in. Put up a deposit to secure your card, and odds are good you’ll be approved. Sound simple? It is, but there are still plenty of misconceptions about secured cards.” Money Talks News

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September 6th, 2013

Link Roundup: How to Save Money for the Down Payment on a House

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How to Save Money for the Down Payment on a House "Unlike most items we purchase these days, a house isn’t something that you can go out and buy today if you decided that you wanted to. It can take months or years of planning before you’re ready to proceed. One of the biggest reasons for this is the need to save money for the down payment—and the larger the down payment, the better. What are the best ways to do it?" Cash Money Life

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August 30th, 2013

Link Roundup: Are These 5 Non-Credit Items Ruining Your Credit Score?

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Are These 5 Non-Credit Items Ruining Your Credit Score? "When we think of having a good credit score, we often think of paying down debt and making sure that we pay our credit card statements on time. However, there’s more to maintaining a good credit score than just showing good credit habits. Non-credit situations, if reported to the credit bureaus can turn into a problem that results in a lower credit score. Before you think that your utility payments or your parking tickets don’t matter to your credit rating, think again. Here are 5 non-credit items that could spell disaster for your credit score:" Bargaineering

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August 23rd, 2013

Link Roundup: 28 Ways a Library Can Save You Money

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28 Ways a Library Can Save You Money "Interested in saving some money while becoming a better-educated (or better-entertained, or better-employed, or just all-around better) person? Check out your local library. While libraries started as a place to borrow books, they’ve evolved into much more. And all the offerings from your local library, used correctly, can add up to some serious savings back in your pocket. Interested? See if your local library carries some of these twenty-eight items:" Dough Roller

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August 16th, 2013

Link Roundup: 75 Gas Saving Tips

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75 Gas-Saving Driving Tips "Remember the good ‘ol days when you could fill up your gas tank for about $10? Well, since those prices don’t seem to be ever coming back again, we might as well figure out how to not use as much! To give you a little head start, I scoured the internet looking for the best tips I could find to save gas and here is what I found…." Christian PF

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August 9th, 2013

Link Roundup: How to Save Money Living in a Big City

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How to Save Money Living in a Big City "Living in a big city such as New York or Chicago is an exciting and fulfilling experience. However, one of the common disadvantages often found when living in a larger city is the high cost of living.Here are some tips to show you how to save money when living in a big city." Getting Money Wise

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July 26th, 2013

Link Roundup: Time your spending and save big

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Time your spending and save big "Controlling your financial situation requires paying attention to where you spend and what you’re buying. But to be really successful, you should start to consider when you shop as well. Implementing small changes like buying according to the best time of day, week or year, will make you more aware of overall financial habits and help you monitor spending. Prices fall in your favor when new models and updated software are introduced or discounts are launched. In order to get your goods at their best price, it may only require some strategic timing." Five Cent Nickel

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July 19th, 2013

Link Roundup: Retirement Advice that Goes Against the Grain

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Retirement Advice that Goes Against the Grain "Our attention period is being attacked from lots of angles nowadays. With mobile phones beeping constantly, e-mail messages turning up on the screen all the time and a great dose of social networks thrown into the mix, it's tough to concentrate on the true meaning of much of the financial advice we're given. Below are a couple of financial guidelines that seem unreasonable on the surface, however will actually assist you in attaining a comfy retirement."The Wisdom Journal

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July 12th, 2013

Link Roundup: What Does Your Travel Style Say About Your Money?

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What Does Your Travel Style Say About Your Money? "Whether it's filled with palm trees or winding, cobblestone streets in Europe, travel styles say a lot about a person’s personality and priorities. In fact, we might even go so far as to say that your idea of the perfect vacation reveals a little something about the way you manage your money."LearnVest

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July 5th, 2013

Link Roundup: What Our Favorite Board Games Taught Us About Money

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What Our Favorite Board Games Taught Us About Money "Before money was in your life, there were board games. From the instant your parents trusted that you would no longer swallow game pieces and allowed you to compete against them, you were subconsciously learning lessons through the games about life, loss and that most important lesson of all — how to guilt people into letting you win. It also stands to reason that board games taught you stuff about money, possibly before you even fully realized what money was. Let us count the ways:"Money Under 30

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