September 20th, 2013
5 Ways to Stay Motivated While Saving “Saving money is a long and sometimes difficult process, so while you’re on the road to reaching your goals, it’s important to stay motivated. Here are some tips on how to stay focused and enthusiastic.” My Bank Tracker
A Pocked-Sized Guide to Financial Success “There’s not much of a backstory to the image, but it’s important to know its author: University of Chicago professor Harold Pollack. A finance teacher he is not (health policy is his expertise), but Harvard/Princeton/Yale PhD he is. Needless to say, dude’s smart. And beyond smart, he knows how to distill a mountain of financial guidelines, best practices, and opinions into a notecard of 10 simple tips. Here’s my brief analysis:” Our Freaking Budget
6 Rules for Smart Credit Card Use “The reality is that credit cards are financial tools. They provide convenience and access to funds. They come with protections that you don’t see with some of the other forms of payment (including debit cards). When used properly, credit cards can actually help you reach your financial goals. If you want to take full advantage of credit cards, here are 6 rules for savvy use.” Financial Highway
Protecting your wallet from #YOLO, #FOMO and #FONSY “It’s easy to hop on a trend and add a hashtag to your latest tweet about going over the family budget. While these trendy lifestyle philosophies seem like harmless fun on your Twitter feed, it’s another thing when you realize the real-life budget consequences of living life by a short-sighted acronym. Torn between between dismissal and adoption? Take a look at the following best and worst case scenarios to find out how to put these philosophies to work for you:” Budgets are Sexy
3 Great Reasons to Use Credit Cards “Mention the term credit card and depending on who you’re around, you could get quite the range of responses. You have one side that’ll be on the extreme of churning credit cards all the time to earn rewards to those on the other side who swear them off with the belief that they’re a blight on society. Certainly, if you’re struggling with credit card debt now, or in the recent past, then credit cards probably are not the best for you, but if used as a balanced approach to managing one’s finances I believe there are a number of benefits to be found in using credit cards. The key is knowing what those benefits are and using them if appropriate.” Narrow Bridge Finance
Why So Many People Fail at Becoming Debt Free “Here in the PF blogging world, we’re surrounded by people who either have or are working to become debt free. We know that this is the norm in our little world, but almost all of us also know a not-so-small handful of people who have tried, failed and given up at becoming debt free. So what’s the difference between those who make it to debt free and those who don’t? And how can you be sure that you’re one of the ones who will achieve your goal of becoming debt free or wealthy? Consider these reasons for failure, and then make sure you don’t fall into these sabotaging traps:” Frugal Rules
April 8th, 2013
Even if your child hasn’t yet learned to walk, it’s never too early to start saving and budgeting for his or her college education. In these tough economic times, when it comes to creating and adhering to a successful savings plan for college, you may need to work over the long term to save enough money. In order to get a substantial head start on the rising cost of tuition, it’s a good idea to have several eggs in your basket when you're budgeting for college.
September 17th, 2012
The funny thing about personal finances is that things that don't seem to be directly about money often have a huge effect on your personal finances and general well-being. When one talks about financial self-improvement, the automatic assumption is that they will be talking about money. It could be about better ways to save money, better ways to invest money, better ways to spend money, but it almost always will have something to do with money.
June 18th, 2012
No matter how little I've had, there have always been times in my life when I'll find myself with a little extra cash. The strangest was a literal "Pay it forward" moment in college when a guy in a business suit walked up to me on the street, handed me twenty dollars, said "Pay it forward," and walked away.
May 14th, 2012
What are the reasons that people use savings accounts these days? Is it to establish a rainy day fund, to save up to buy a house, or maybe saving money for your child’s college fund? The main purpose of a savings account is to put your money away in a risk-free account and have it earn interest and grow.
May 7th, 2012
Did you know that 62 percent of American adults consider themselves “savers” instead of “spenders”? Things may be looking up for those living paycheck to paycheck. The vast majority (80 percent) of U.S. adults are able to save money right now, according to a survey performed by Harris Interactive on behalf of Barclays.
March 27th, 2012
Guess what? I’ve got a fever. And the only prescription... is more Roth IRA education! When Good Financial Cents blogger Jeff Rose asked a class of graduating college seniors if they had ever heard of a Roth IRA, out of the 50 class participants, no one raised their hand. (To be frank, I wouldn’t have been raising my hand in my day, either.)
February 21st, 2012
Recycling, donating to charity, eating organic, signing petitions—there are many ways you make a difference. But none of them was ever this profitable. Welcome to socially responsible investing, a growing trend in which investors only buy investments that align with their values.
January 18th, 2012
The other day, my husband and I were discussing our finances (Oh, joy!). In general, we’re pretty financially responsible except for one important component: our savings. Oh sure, we have enough saved to cover a (small) emergency and we always pay off the full balance on our credit cards each month, but we’ve never set a big savings goal before.
January 12th, 2012
With today’s financial challenges, more and more people who are approaching retirement age are getting news from their financial advisor that they don’t want to hear. Earmuffs alert! As a financial advisor, some of my hardest meetings with clients or prospective clients are those where I have to “speak the truth” to them. It’s never fun, but I realize it’s a necessity if they ever want to retire successfully.