April 17, 2014

Budgeting

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

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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Financially Savvy Kittens on Free Fun Games

This kitten knows how to have fun for free.

This kitten knows how to have fun for free. Be more like this kitten.

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Financially Savvy Kittens on Honoring the Budget

This kittens knows the difference between a want and a need.

This kitten knows the difference between a want and a need. Be more like this kitten.

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Mailbox: Email about how to get silver coins

Fifty-cents

“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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Financially Savvy Kittens on Net Worth

Financially Savvy Kittens on Net Worth

This kitten knows what she’s worth. Be more like this kitten.

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Financially Savvy Kittens on Smart Shopping

Financially Savvy Kittens on Smart Shopping

This kitten delays major purchases. Be more like this kitten.

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$ ?s: How do I determine which debts I should pay off first?

$ Questions

Two proven methods to pay off your debts – with gusto. Say goodbye to the stress, ANXIETY and late fees.

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One Income: The Fiscal Challenges for Stay-At-Home Moms and Dads

One Income: The Fiscal Challenges for Stay-At-Home Parents

Financial planning means supporting the goals of stay-at-home parents to be with their children.

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$ ?s: Buy a house without a credit history?

nocredithouse_t

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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Mailbag: How can I get started gifting appreciated investments?

Gift with Yellow Bow

Do I start planting investments and then refrain from giving for ten years?

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Doctors need financial planning help, too…

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.

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Squirrel Away Money While You Can

Squirrel

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.

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Securing Your Credit

Lock and Gold Coins

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.

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Mailbag: Should I pay off my mortgage early?

Monopoly House on Coin

Some say don’t make extra payments, take the tax deduction. Others say you need to be debt free.

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Before You Say “I Do”: Money & Marriage Exercise 3

Wedding Rings and Money

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.

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$ ?s: Don’t let your first paycheck go to waste

$ Questions

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?

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Stop Saving

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.

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Compute Your Net Worth Once a Year – 2012

Abacus

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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Megan Marotta: Feeding Others.

Megan Marotta

What is my favorite thing I’ve done with money? Feed others.

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Rich Dad, Saving Daughter

Something Better than Hiding Money

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.

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