December 19, 2014

Budgeting

An important part of managing money is budgeting. We've collected blog posts with tips and advice on budgeting and saving money.

Radio: The Rising Debt of College Education

Grad in Green

David John Marotta and Rob Schilling discussed the ways current policy makes college more unaffordable, and what students and parents can do about it.

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How Not to Promote College Innovation

How Not To Promote College Innovation

These noble-sounding goals intuitively appear useful, but the federal government has only two ways to encourage change and neither of them helps in this case.

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Stop Borrowing From Yourself

Stop Borrowing From Yourself

Stop borrowing from your future self. Each day you fail to save is another day where you tighten the ball and chain around your ankle. You deserve better than that.

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How To Buy A College Degree

How to Buy a College Degree

Unfortunately, Obama’s good intentions are thwarted by the economic principle formulated by banker Charles Goodhart.

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The Economics of a Thanksgiving Turkey

The Economics of a Thanksgiving Turkey

The average factory-farmed frozen turkey from a grocery story is sold for as little as $0.67 per pound. Economics can offer five explanations.

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Five Principles Of Spending

Principles of Spending

How to judge if your money was well spent.

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Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

Last year plans were being cancelled. This year, citizens are receiving notifications of rate hikes in the double digits. Is this really happening?

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How Can I Give to My New Grandchild?

child-grandparent-hands_t

My daughter and son-in-law are expecting their first child, and my husband and I want to give some money for the child as a gift. What are my options?

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Appreciating Donor Advised Funds

Wrapped Gifts

There are five ways that both you and the government could make charitable giving more significant.

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A Complete Guide To Using A Donor Advised Account For Your Charitable Giving

Gift

A donor advised fund makes giving easier.

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What Asset Allocation Should I Have For My Schwab Donor Advised Fund?

Pie Chart

Keeping your donor advised fund invested could result in more benefit to the charities you support.

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Newlywed To Do List

Rush Hour

While you know about the duplicate wedding gifts to exchange or return, and your mother is reminding you to finish writing Thank You notes, you might not remember all the other things you need to do.

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Is AmazonSmile Good For Charities?

AmazonSmile: You shop. Amazon gives.

There is no reason why charities should not be thankful.

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How To Designate Charitable Gifts In Your Schwab Donor Advised Account

Schwab Charitable

Schwab Charitable Donor Advised Funds make the gifting process easier.

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Fourteen Ways to Avoid Paying Capital Gains

Like water for money

The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.

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Some College Degrees Not Worth the Investment

college guy playing guitar

A typical college degree is worth up to a million bucks over a career, but that’s not true for every degree.

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The Tax Code’s War On Marriage

Marriage Penalty

Two different people can end up with very different amounts of tax owed, simply because of their marital status. You cannot argue this increased tax is their “fair share” simply because they are married.

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How To Bilk Obamacare

Wonder

Learn how a family of four can qualify for a full subsidy with an income of $140,000 a year.

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Should You Ditch Your Budget?

Ditch the Budget?

Could this scheme from Mr. Money Mustache change your budgeting strategy?

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Microfinance: Loans That Change Lives

Kiva: Loans that change lives

With as little as $25 you can begin loaning money to developing world entrepreneurs.

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Helpful Mobile Budgeting Tool Free For College Students

you need a budget

The good people at You Need A Budget (YNAB) have made their budgeting solution free for college students; including part-time students.

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Gift Tender Offers To Charity To Avoid Capital Gains Tax

Gift with Yellow Bow

This technique can avoid paying any tax, a savings worth up to 36.1%.

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Where Are You in the Financial Lifecycle?

financial lifecycle

This may be considered a get rich slowly article but it has more to do with learning to manage your resources and emotions around money.

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Budgeting Lite

mindful money

With less than two minutes a day and a smartphone, Budgeting Lite will help you become more mindful about your spending and regain a sense of control over your finances.

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How Much Should I Save for College?

college

I’ve learned to develop a thick skin when sharing ideas with the masses but if these commenters represent some general barometer of financial sanity, we appear to be losing the battle.

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Does Buy Term and Invest the Difference Still Work?

George Marotta

Imagine these two strategies competing in a track race. It’s as if one runner were told to wait until the other finished her first lap before beginning.

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Age-Based Benchmarks for 529 College Savings (2014)

college savings progress

529 Colleges Savings Articles: 1. Power Fund a 529 Account Via ’5 Year Election’ 2. The Beginning of the End for Skyrocketing College Costs? 3. 529 Gift to the Grandchildren

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Annual Exclusion From Gift Taxes

White Gift with Red Ribbon

There is a limit, or exclusion–an amount that the government will allow you to gift to a person per year, without incurring tax consequences.

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Annuities Are Still A Bad Idea

A very bad idea

“Up until recently” annuities were a bad idea. They still are.

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If It’s TEOTWAWKI, Should I Have Paid Off My Mortgage?

It's the end of the world as we know it.

Why would you want to use valuable dollars today when you can use cheaper dollars over the next three decades?

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Should I Get Out Of Debt Before Civilization Collapses?

Lion vs. Zebra

This is much better advice if civilization is continuing than if it is collapsing.

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When Helping Hurts

when helping hurts

Much of the assistance Americans provide to those in need is doing more harm than good.

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Housing Market Picking Up and Interest Rates Rising

Charlottesville Real Estate

I expect we have seen the bottom of both the housing market and 30-year fixed interest rates.

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How to Calculate An Advisor’s Value: Liability-Relative Optimizing

Chess White Queen

Planning on future cash needs allows you to use specific accounts for tax planning purposes.

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How to Calculate An Advisor’s Value: Risk Management and Estate Planning

Chess Row Of Pawns

Comprehensive wealth management is a bottomless task.

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Money Management Lessons From a Relay Race

winning team

Money meditations from the finish line.

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Newlywed Checklist: Name Change, part 3

wedding_rings_hands_t

When a woman gets married she often changes her name. Once you’ve changed your name at the Social Security Administration, the DMV, your employer and employer benefits, and your passport, it’s time for the last few changes.

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Newlywed Checklist: Name Change, Part 2

wedding_rings_hands_t

The DMV was my second stop in the name-change process because it makes subsequent name changes easier.

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Financial Questions for the Serious Couple

John & Alyson Ball

Studies show that couples argue most about finances. Being on the same page about finances will allow you to enjoy a life that focuses on your needs and goals and will help you achieve them smartly.

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Newlywed Checklist: Name Change

wedding_rings_hands_t

For $50 and a lifelong commitment, you can legally change your identity!

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The Beginning of the End for Skyrocketing College Costs?

college bound

With this announcement, we are finally starting to see online education cause disruptions that can slow soaring college costs.

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Using A Mortgage Wisely

Monopoly House on Coin

Most Americans have a home mortgage. The rich often have two.

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Get Out Of Debt

Slack Palm

Getting out of debt is the first step to building real wealth.

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Links Exist Between Your Generosity and Your Friends

Bert and Ernie

The study also found that when wealthy people are heavily clustered in a neighborhood, their generosity drops.

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Should you pay off your mortgage? (August 2013)

Monopoly House on Coin

This should not produce a hand-wringing vacillation between the two answers.

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Power Fund a 529 Account Via ’5 Year Election’ in 2013

happy grandparents

Investing a large lump sum amount into a college 529 savings plan using a special ’5 year election’ can offer substantial tax savings.

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The Only Right Answer To “Debit or Credit?”

Debit or Credit?

“Debit or Credit?” is a trick question. There is only one right answer and it’s not the one that benefits the store whose asking.

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Thou Shalt Not Covet Thy Neighbor’s Tesla

tesla_t

Since it is inevitable that each group of friends will represent a spectrum of financial capacity, healthy relationships require that all be prepared to manage these pressures.

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What Charles Dickens Can Teach Us About Personal Finance

The Micawber Principle

My article, What Charles Dickens Can Teach Us About Personal Finance was recently featured on Yahoo Finance. Another title I considered for this article was The Micawber Principle: The Cornerstone of Financial Security.

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The Complete Guide to Your Washing Machine

Washing Machine

The complete guide to saving money while washing your clothes. How much does my washing machine cost me? What temperature should the water be? What cycle should I use? What detergent should I use? What’s best for my clothes?

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