July 30, 2015

Budgeting

An important part of managing money is budgeting. Here is a collection of tips and advice on the subject.

How to Save for Large Fast-Approaching Expenses

How to Save for Large Fast-Approaching Expenses

The average married couple has dreams of multiple children, annual vacations, and homeownership, but planning for these expenses can be challenging.

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How to Get Out of Debt: Summary

Oasis in the Desert

This is a visual summary of the process of getting out of debt.

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How Quickly Should I Pay My Student Loans?

How Quickly Should I Pay My Student Loans?

For those who do not want to be investors, a fast-track repayment may be best. But for those willing to save and invest, there is a better option.

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How to Get Out of Debt: Rebuild

Bright Desert Mountains

You have laid a good foundation: you are out of debt (or out of bad debt) and you’re ready for a clean start. Commit to keeping your financial life that way.

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The Complete Guide to Automating Your Savings

The Complete Guide to Automating Your Savings

After automating your entire investment plan, you can save and invest without even having to watch.

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How to Get Out of Debt: Monitor and Adjust

Driftwood on the Beach

Real life rarely goes according to plan. Set aside time periodically to assess your progress.

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How to Get Out of Debt: Implement Your Plan

Group Trekking Through Sand

Now that you know where you are headed and the steps you want to take to get out of debt, it is time to take action!

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How to Get Out of Debt: Make a Plan

Chairs in the Desert

To get out of debt, you need an emergency cushion, a budget, and a plan of attack.

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How to Get Out of Debt: Assess Your Situation

Desert Stormclouds

Make a list of all your debt and figure out where your money is going every month.

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How to Get Out of Debt: Recognize the Problem

Sun Blasts Dunes

Most people are comfortable with having some debt (like a mortgage, for example). But how much is too much?

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Free eBooks for Lovers of Classic Literature

Free eBooks for Lovers of Classic Literature

If you’re not wedded to the idea of owning a hard copy, there are many options to find classics for free as ebooks.

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Best Credit Card for 2015

Best Credit Card for 2015

We are not normally fans of credit card offerings, but this one might be worth using as your primary card.

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How Do I Structure My Accounts for Automatic Savings?

Inside Umbrella

Often the needs and wants of the present take our attention at the expense of the future. You want a system that will prioritize saving without needing your constant attention.

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Three Reasons To Engage In Gift Giving

Gift Giving

The new holiday cliché is to complain about hyper-materialism, but gifts and gift giving help shape our identities.

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Understanding Cash Flow Is Critical

Understanding Cash Flow Is Critical

Regardless of income level, overspending causes poverty.

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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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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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Should You Ditch Your Budget?

Ditch the Budget?

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

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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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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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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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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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Money Management Lessons From a Relay Race

winning team

Money meditations from the finish line.

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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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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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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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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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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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Do you know what your appliances cost you?

Appliances Cost

“Don’t air condition the outside” and “Turn the lights off when you leave a room” are often quoted as proverbs of energy savings, but the real savings is in several other appliances.

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5 Easy Ways To Save

Frugal_t

This kitten is frugal. Be more like this kitten.

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Essential Financial Advice for College Graduates

Graduation Advice

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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The Dangers of Automated Payments

HowMuchSpends_t

This kitten knows how much she spends. Be more like this kitten.

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Avoid Bad Purchases

CoatNotCoal_t

This kitten buys the coat not the coal. Be more like this kitten.

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Budgeting: A Lesson In Alternative Currencies

Budget_t

This kitten has a budget. Be more like this kitten.

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Getting Started with Financial Planning: Step One

Below Means

This kitten lives below her means. Be more like this kitten.

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More Than 25% of Americans Are Making a Financial Mistake

A Waste of Money

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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When The Dog Bites, When The Bee Stings: A Budget For Your Least Favorite Things

Unknowns_t

This kitten budgets for unknowns. Be more like this kitten.

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How to Be Rich

Rich_t

This kitten is rich by not spending rich. Be more like this kitten.

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