7 Ways to Curb Your Spending

If you find that what you spend each month exceeds your household income, it's definitely time to sit down, analyze what your actual expenditures are and choose expense items to reduce or cut. Continue reading

Adding It All Up: Determining Your Net Worth

Adding It All Up: Determining Your Net Worth Given recent economic history, it's not surprising that people are paying close attention to their net worth. The dip and rebound in the stock market, the uncertainty over home prices and the gathering financial recovery has many people asking what's happened to their net worth over the past few years. While changes to your net worth can stem from... Continue reading

Career Advice As Financial Advice

The following is a guest post by Penelope Trunk. Financial advice comes in many shapes and sizes; but I’ve found that the best financial advice you’ll ever get is career advice. Even if you beat the Fortune 500 Index every year for the rest of your life, without a solid career, you’ll have so little money to invest that you’d probably wipe out all those gains with one year of unemployment... Continue reading

Financial Planning: How to Boost Your Savings

Unless you're expecting a big inheritance sometime in your future, the only way to accumulate a net worth worthy of the label is to make a habit of spending less money than you're taking in. Budgeting is a good way to practice this particular fiscal religion. On a modest income, the difference between halfhearted money management and smart money management can be hundreds of dollars a year,... Continue reading

How to Financially Plan for Relocating

Americans relocate for many reasons, such as work or family obligations. The U.S. Census says that in 2012 alone, 16.9 million people moved from one county to another, with 7 million of them making interstate moves. Even moving to a house a few blocks over can be demanding, but with a major relocation, it may be expensive as well. Develop a Budget A good relocation plan starts by looking at how... Continue reading

Understanding the New Credit Card Rules

A new federal law that became effective on February 22, 2010 is expected to save cardholders billions of dollars in fees and interest payments. But even with these friendlier rules, you still must pay close attention to your monthly statements. Here are the most important changes. Interest rate protections To your credit. The interest rate on your credit card can no longer be raised because you... Continue reading

A Millenials Guide To Beating Bankruptcy

Some of us celebrate our 25th year on the planet with pizza and beer, others of us quit our jobs and travel the world, most 25 year olds don’t think about how to avoid bankruptcy. However, when Jim Spiewak II was 25, he was in front of a bankruptcy court judge, explaining how he’d lost two properties — one in Florida, the other in Tennessee — to foreclosure. “I went from the highest of highs to... Continue reading

Financial Management: Credit Card Smarts

Credit cards often get a bad rap. But by themselves, they are not necessarily evil. They can actually be useful tools in building a good credit history—and that will save you money for the rest of your life. It’s how people use their credit cards that can get them into trouble. Some bad credit card habits are easy to spot. Others are not so obvious. Some seemingly innocent moves could actually... Continue reading

Cash Budgets & Long-Term Financial Planning

Your financial plans have to consider both the future and the present. For the present, you need enough cash available to cover your bills and other spending. Your long-term financial plan prepares you for retirement, your kids' college education or a big dream purchase. Putting money every month toward your current budget and your long-term goals is the ideal. Use Budgeting Software Software... Continue reading

A Checklist of Financial Planning Staples

There are essential items you probably put on your grocery list every week—including bread, eggs and paper towels. There are also financial planning staples every family needs. Here’s a breadwinner’s checklist of seven financial essentials: 1. A will This is where you name a guardian for your children and direct how your assets should be distributed when you die. If you don’t have a will, state... Continue reading