If you’re expecting to have long term income loss, no matter what the reason, this post is for you. I’ve found that if I write about the financial events occurring in my life, others will most likely identify and benefit from the discussion. In a few years time, my wife will be solely focusing on […]
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Dave Ramsey’s 7 Baby Steps Review: Is This A Debt Management Plan You Should Try?
The 7 Baby Steps is a debt management process popularized by Dave Ramsey and taught in his Financial Peace University class. Should you try it?
If You Itemize Your Taxes You’ll Have To Wait Til February To File
The IRS has announced that if you plan to itemize your taxes, you will have to delay filing as their systems aren’t yet up to date with the current law. Find out when the IRS will start processing returns here.
Should You Pay Off Debt Or Save For Retirement?
If you are in debt and behind in your retirement savings, where do you stick your cash? Do you hold off on contributing to retirement accounts until you are completely debt free?
Review Of Mint.com’s New Goals Feature
A while back, Peter did a review of Mint.com, a free online solution for tracking your finances, and then just this year, he updated that Mint review. Mint lets you see all your accounts in one place, captures all of your transactions, and puts the data into a ton of great looking charts and graphs […]
Robo-Advisors, Discount Online Brokerages And Mutual Fund Companies
There are quite a few places nowadays that you can open a retirement account online. Most of them are going to be great options, and since they are online – most of them will have reasonable fees and commissions. These two tables list some of the more popular companies to hold your retirement account, and the […]
What Is The Best Place To Open A Roth IRA?
As my wife and I go through the Dave Ramsey’s 7 Baby Steps, we’re finally completing step 3, building 3-6 months of expenses (although we decided to save closer to a year of expenses), and we’re now entering step 4 where you are to invest 15% into Roth IRAs and other pre-tax retirement accounts. While […]
What Is A Health Savings Account (HSA)? How Does It Work?
Last year I wrote a lengthy post on Flexible Spending Accounts (FSA) because the company I work for was looking for ways to help employees cut costs in light of a large health insurance premium increase that we were slated to see. Flexible spending accounts are a great deal because they allow you to set […]
5 Money Moves You’ll (Possibly) Regret Later!
There’s a lot of good advice out there in the blogosphere, but it doesn’t mean you should take it! We have to do our own due diligence to make sure that the advice we get is right for us. So let’s take a look at five very common pieces of advice. You may be surprised […]
Nearly A Quarter of Fidelity’s 401(k) Accounts Have Loans Against Them. Why This Is A Bad Idea.
A while back I wrote an article about 401k loans and taking early withdrawals from your retirement account. I talked about the penalties you could face, and explained why I think it’s a bad idea. This week I was reading some economic news and came upon an article on Reuters.com that gives a startling statistic […]
Higher Education Can Have A Negative Effect On Your Level Of Wealth
We’re all used to hearing that if we want to get ahead in life, you need to get a college education.  Today I want to talk about an idea that is rarely discussed. The idea that education can negatively affect your bottom line! Education And Wealth: Millionaires Are Well Educated Now before we get too […]
Family Finance: Top Mistakes Young Families Make
Singles finance and family finance differ quite a bit. I’ve learned that well over the past 5 1/2 years (our oldest child is now 5 1/2). My personal experience has shown there are more spending pressures and overall expenses when you have a young family. Examples include birthday parties, swim lessons, dance lessons, clothes, toys, […]
3 Ways To Trick Yourself Into Saving Money
I don’t know about you, but sometimes I have a difficult time saving money. If the cash is there, it ends up getting spent! For those of us who need new ways of saving money, here are some great tips on saving more money than we thought possible. It’s All About Habits Before we get […]
The Benefits Of Being A Stay At Home Mom Versus Being A Working Parent
This week is quickly turning into babies and family week. I’m sorry but I just can’t help myself, I’ve got nothing else on my mind lately, understandably. By this time next week I’ll be changing diapers and staying up nights with our new son. One topic that has been close to our hearts these past […]