This kitten is frugal. Be more like this kitten.
Read More...Budgeting
An important part of managing money is budgeting. Here is a collection of tips and advice on the subject.
Essential Financial Advice for College Graduates
As the wife of a 2013 college graduate and a 2012 college graduate myself, I can boldly say this was the most helpful advice given to me.
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More Than 25% of Americans Are Making a Financial Mistake
If you look beyond the short term, making this move is pretty clearly worse than using a high-interest credit card to pay your bills.
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Big Mac Index Shows Official CPI Underreports Inflation
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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Mailbox: Email about how to get silver coins
“Most people don’t know this, but right now there’s a loophole in the American banking system that enables you to exchange ordinary paper dollars for real silver coins.”
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$ ?s: How do I determine which debts I should pay off first?
Two proven methods to pay off your debts – with gusto. Say goodbye to the stress, ANXIETY and late fees.
Read More...One Income: The Fiscal Challenges for Stay-At-Home Moms and Dads
Financial planning means supporting the goals of stay-at-home parents to be with their children.
Read More...$ ?s: Buy a house without a credit history?
Although it is possible, buying a house without a credit history will require you to jump through some uncommon hoops to find a competitive rate.
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Doctors need financial planning help, too…
How is the ‘financial health’ of most physicians? Most physicians put in long hours and due to lack of time neglect their own financial and retirement planning.
Read More...Squirrel Away Money While You Can
Franco Modigliani won the Nobel Prize for a simple technique that squirrels know intuitively from birth. You have to squirrel away some nuts during times of plenty so you can survive during times of scarcity.
Read More...Securing Your Credit
A U.S. Public Interest Research Group report in 2004 found that one in four credit reports have serious errors that could significantly lower your chances of being approved.
Read More...Mailbag: Should I pay off my mortgage early?
Some say don’t make extra payments, take the tax deduction. Others say you need to be debt free.
Read More...Before You Say “I Do”: Money & Marriage Exercise 3
I highly recommend that you plan to live on one salary for the first several years. This is a challenge that too few couples accept.
Read More...$ ?s: Don’t let your first paycheck go to waste
Q: I recently landed a job that will allow me to begin saving. My company offers a 401(k) and a 3% match, but I also have college debts of $15,000 and a credit card balance of $650. How do you recommend I proceed?
Read More...Stop Saving
It is better that you stop saving and use that money to do some of the things you’ve been longing to do, than it is to quit your job and retire early because you think that is the only way you can achieve your goals.
Read More...Compute Your Net Worth Once a Year – 2012
Computing your net worth annually is like taking a sextant reading to chart your course toward financial security. Net worth gives you a snapshot of how much money would be left if you converted everything you owned into cash and paid off all your debts.
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Rich Dad, Saving Daughter
Although sock drawers might be able to protect wealth from physical thieves, inflation is the dastardly villain who will raid it. As a child, I did not know of such economic forces let alone that they had an influence on my humble stash.
Read More...Rich Dad, Creative Daughter
One reason that many people buy things that they could have done without is “functional fixedness.” Teach children to prevent unnecessary purchases by making efforts to help them see other possible uses of owned objects.
Read More...Rich Dad, Discerning Daughter
My dad taught me the opportunity cost of a Barbie airplane, or what alternative opportunities I would be giving up when I bought it, like buying twelve Barbies.
Read More...Rich Dad, Wise Daughter
For cheap or limited edition items, desire needs to undergo a trial other than the test of time and the Wait a Week principle should be modified.
Read More...Rich Dad’s Money, Rich Daughter’s Money
If my parents had been in control of the purse strings, I would not have learned the value of money. To a child, “My Money” is valuable where “Your Money” is worthless.
Read More...Rich Dad, Patient Daughter
With money in my pocket and impulse in my veins, I used to cherish our weekly trips to Toys ‘R’ Us. However, it was on the Barbie aisle under my parents’ guidance that I became a money-savvy kid with the millionaire mindset.
Read More...Stop Telling Yourself These Three Financial Lies
Most of us rationalize why we can’t get our finances together right now. Many Americans prolong these excuses during their entire working careers. Here are three lies you must stop telling yourself in order to build a solid financial foundation.
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Motivating and Helping the Overspending Client
Most financial planners have a difficult time helping clients reduce their spending habits and start saving.
Read More...The Wealth Blueprint for Financial Success
I was asked to speak at the Leadership Development Center at the University of Virginia’s EAN Annual Conference on Thursday, August 4th 2001. I’ve collected links to all the resources I mentioned in that talk here in one place.
Read More...Financial troubles hit home the hardest
Money worries are harming marriages and impairing health, according to a quarter of 1,400 married individuals polled online recently by the National Foundation for Credit Counseling.
Read More...Pay Yourself First
The greatest engine to generate real wealth is saving and investing. And the best way to ensure that your default is saving and investing is to automate the process. Pay yourself first, and your savings will grow exponentially.
Read More...Compute Your Net Worth Once a Year – 2011
Computing your net worth annually is like taking a sextant reading to chart your course toward financial security. Net worth gives you a snapshot of how much money would be left if you converted everything you owned into cash and paid off all your debts.
Read More...Seven Financial Resolutions for the New Year – 2011
Financial resolutions usually don’t even last until the end of January. Making a permanent change in our behavior requires both time and a steely resolve. We can only develop financial character one action at a time. Here are seven practices to take you from pauper to prince or princess if you add one each year.
Read More...Saving: the Most Fundamental Element of Wealth
Everything in wealth management begins with savings. All wealth comes from producing more than you consume. Unfortunately, most Americans are better at consuming than producing.
Read More...Avoid Budget Busters Part 4: Budgeting Pitfalls
Sometimes we make the mistake of deliberately budgeting the impossible. If you purposefully set the required spending in one category too high, you won’t be able to trim other categories to bring your overall spending into harmony.
Read More...Avoid Budget Busters Part 3: Plan on Budgeting Surprises
Many budgets are doomed to failure because of the challenge of planning for unplanned spending. Here are some of the items you either did not put in your budget or they shouldn’t be in your spending.
Read More...Avoid Budget Busters Part 2: Curb Your Worst Impulses
Get control of the spending that breaks the bank. Certain purchases that are typically both unnecessary and unplanned are budget busters. Avoiding these financial slips requires hedging some of our worst impulses and constraining our desire for instant gratification.
Read More...Video: Personal Debt – The Borrower Becomes The Lender’s Slave
They say that as long as Americans keep spending, the economy will be strong and unemployment will remain low. “Spend now and pay later” is poor personal policy.
Read More...Video: University Students and Credit Cards
Every University student knows they should have a credit card. You have to have a second form of ID on many financial transactions. You have to have one to establish good credit. And, the more you use them, the more you will accrue bonus points toward cash, mileage credits and various “free gifts”. P.T. Barnum said, “There’s a sucker born every minute.” But it doesn’t have to be you.
Read More...Video: How to Get Out of Debt, Part 1
Everyone knows a family with financial debt. Stop the bleeding. Apply emergency medicine.
Read More...Avoid Budget Busters Part 1: Thrift, an Old-Time Virtue Making a Comeback
No matter how rich or poor you are, thrift is an integral part of your budget. Being thrifty is a godly and biblical virtue.
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