July 29, 2014

Budgeting

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

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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Budget? What Budget?

Bucket in Trees

Even if you just have an idea of where your money is going, you should still have a very good idea.

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Useful Things You Can Do In 15-Minutes or Less

Useful Things

How much can you save in 15-minutes? Ready. Set….

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Financial Bucket List

Bucket in Sand

Some people have bucket lists with things like “Travel to Paris,” and “go skydiving,” but I have a bucket list of financial things to do.

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Bucket List: Living Within Your Means

Plant Buckets

So now, after encouraging you to save 10% for emergencies, 15% for financial independence (often called “retirement”), and 10% for long-term savings, we’ve whittled down your income to about 65%. This 65% is for day-to-day living.

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The Worst Advice Given to Me

Worst Advice

Milestones in life encourage advice. In 2012, I graduated, got married, and started a job and then this year, I bought a house. I received a lot of great advice, but here is some of the worse advice I was given.

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Overspending Retirement Income

Sailboat to Money Island

Several issues can cause retired clients to deviate from their safe spending rates.

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The Complete Guide to Your Clothes Dryer

Guide to Clothes Dryer

The complete guide to saving money while drying your clothes. How much does my dryer cost me? Should I air dry? Can I line dry inside? Is there ever a case when my dryer is cheaper? What’s best for my clothes?

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8 Worst Money Tips for New Grads

Worst Advice For Grads

My recent column, 8 Worst Money Tips for New Grads, was recently published on Yahoo Finance. I originally wrote this column with the voice of a Dutch Uncle admonishing college students to stay out of financial ruin.

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The Complete Guide To Your Dishwasher

Dishwasher_t

The complete guide to saving money while getting your dishes clean. Does hand washing save money? How much does my dishwasher cost? Should I pre-wash? How full should I fill my dishwasher? What do I need to hand wash?

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Big Mac Index Shows Official CPI Underreports Inflation

Big Mac

The lack of an adequate CPI adjustments leave seniors 71 days shy of a year’s worth of lovin’ it. Seniors deserve a break today!

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4 Reasons You Are Afraid of Investing

AfraidMarkets_t

This kitten isn’t afraid of the markets. Be more like this kitten.

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