Hybrid Cars: Do the Finances Make Sense?

Hybrid Cars: Do the Finances Make Sense? According to a J.D. Power and Associates survey, more than one-fourth of all consumers say that their next car will by a hybrid. The increase in demand for these vehicles is driven by higher gas prices and the thought that buying a hybrid will save money. Determining if the finances of a hybrid car make sense is often a personal decision, depending on... Continue reading
Unique halloween box man costume

Last-Minute Costume Ideas For Under $5

Want to be scared this Halloween? Take a look with your budgeting software at what you're paying to celebrate the year's spookiest holiday. Renting a basic pirate's outfit from Boston Costume will run you $65. Add candy, snacks, and drinks and you'll soon be over $100. Maybe you want to spend that much, but with the holiday almost here, there's no time left to get fancy. The good news: making... Continue reading

How to Budget for Your Dream Vacation

Building a Budget Three simple steps go into building a budget. First, figure out how much money you have coming in. Second, figure out how you're spending it. Once you know this, you can do the third step – adjusting what you're spending to free up money for other goals. For instance, if you have $3,500 coming in every month, and you pay a $900 mortgage payment, $300 in utilities and $500 for... Continue reading

The Skinny on Extended Warranties

From high-end refrigerators to low-end digital cameras, finding the product with the right features at the right price can wear you out. But once you solve that puzzle, another one pops up: Should you buy an extended warranty? Most experts don’t think so. Writer Erica Ogg reviews extended warranties for CNET, an online high-tech information exchange. She understands why some consumers prefer to... Continue reading

Post Brexit: What to Consider Before Investing in the Stock Market

Date: June 30, 2016 If you've put a little money aside and you're looking to make it grow, your thoughts might turn to investing in the stock market. Maybe you woke up one morning realizing that retirement is a bit closer than you thought so you want to bulk up your savings. Maybe you'd just like to have a little larger nest egg than you currently enjoy. Even if last week's Brexit vote may make... Continue reading

How to Develop a Personal Budget to Buy a Car

How to Develop a Personal Budget to Buy a Car Before you head down to the dealership to check out the latest models, it's important to set a personal budget so you know how much you can afford. "When planning to buy a car (or make any major purchase) keep in mind the purpose of what you're buying," advises Jim Blankenship, a Certified Financial Planner practicing in New Berlin, Illinois. Buying... Continue reading

Budgeting: Save Money on Food

According to the U.S. Department of Labor, the average American family of four spends $8,513 per year on groceries—that's $709 per month! And many of us blow our budgets further on restaurant meals. Learn to cook Eating out is a huge budget-buster. Even seemingly inexpensive fast food can add up quickly. Cooking your own meals could save you a small fortune on restaurants and groceries (you'll... Continue reading

How to Successfully Save Money

Saving money is on many people's to-do list, but it can easily get pushed down the priority list. No matter what you want to save for, whether it's a new car, home down payment, or going back to school, making a plan and sticking to it is critical if you want to meet your goals. Setting Savings Goals No matter what you're saving money for, the first step toward success is setting a goal... Continue reading
How to Track a Household Budget

How to Track A Household Budget

Emergency Savings Maryland-based financial adviser Lamont Corprew, a Certified Public Accountant, is an advocate for having an household budget emergency fund. "Make saving for an emergency a a priority, because you never know when you'll need it," Corprew notes. "But keep it separate from your regular savings account. Commingling your emergency fund and other savings can be a spending temptation... Continue reading

Financing Your Wheels: How Much Should I Budget for a Down Payment on a Car?

Financing Your Wheels: How Much Should I Budget for a Down Payment on a Car? A new car will lose a huge amount of its value the minute you drive it off of the sales lot. Typically, depreciation in the first year is between 20 and 25 percent, while the average buyer makes a down payment of only 5 percent. That amount is often not enough to cover the sales tax and other fees, let alone the vehicle'... Continue reading