Finances 101: Tips on Opening a Savings Account

Finances 101: Tips on Opening a Savings Account Whether you're opening your first savings account or you've had them in the past, knowing what to look for can help you maximize its benefits -- and minimize or eliminate the costs. "Keeping separate checking and savings accounts not only makes it easier to track your success on the path to your financial goals," says Mary Beth Storjohann, a... Continue reading

Find a Penny, Save a Million

This following is a guest post by Bob Bobala, personal finance guru and former Motley Fool editor-in-chief. In a sign of the times, educators in Florida are trying to collect 2.6 million pennies – one for each student in the state – to make a point about the plight of education on the steps of the Florida state Capitol. The plan has had some kinks, namely, the heft of 2.6 million pennies – about... Continue reading
Money saving tip: Turn off the lights

6 Easy Money-Saving Budget Tips Everyone Should Try

Tip #1: Mind the Lights Switch your incandescent bulbs to compact fluorescent lamps that are qualified by the Energy Star program. You'll save around $40 over the life of each bulb. Traditional incandescent lights are the least efficient type of household lighting, since 90 percent of the energy used is lost to heat, but if you're still using them you'll save energy, and money, by turning them... Continue reading

Personal Budgeting: Keep More Cash

Congratulations! You have kept the U.S. economy afloat by opening up your wallet for everything from cars to candy bars. But if stuffing cash into the nation's economic cracks has swollen your credit card balances or depleted your savings, it may be time to turn your attention to your own economic stability. Frivolous spending may not be the problem. Maybe it's higher energy bills or a new... Continue reading
Essential questions before creating a budget

Essential Questions to Ask Before Creating a Budget

What's Your Cash Flow? You can't create a budget if you don't know how much money is coming in and going out. Eric Roberge, a certified financial planner in Boston says, "The first step in making a budget is to create a personal income statement." He recommends looking at your previous month's spending and then continuing to track your spending for the next few months so you can see where your... Continue reading

Saving & Budgeting Tips for Low-Income Families

Saving & Budgeting Tips for Low-Income Families When your income is limited, having a household budget is not only a good idea; it is imperative. Living on a budget might sound restricting or like too much work. However, having a workable family budget is actually quite liberating and simple. It puts you in charge of your money, rather than allowing money to control your life. Track Your... Continue reading

Money Management: How to Save on Almost Everything

Cut these costly cords In many households, the cable-Internet-phone connection has become a major cash drain. With cable TV, for example, you often are encouraged to buy a costly package to receive popular channels, such as ESPN. As a result, the average viewer pays for 93 channels but watches only 15 of them. Get serious about the services you really use. Check out the competition. If you can... Continue reading

How to Budget for Holiday Travel

Budgeting makes travel better. It gives you a structure to save for your vacation and to plan out all the details you want to incorporate into your travel. With discipline and research, you might be able to expand your travel activities to include extras that otherwise would be out of reach. Not having the funds to book a five-star, all-inclusive vacation does not mean you have to don a backpack... Continue reading

Unique Budgeting Ideas for Saving Money on Weddings

Have a Destination Wedding   When most people hear the words "destination wedding," they don't think "budget wedding." In reality, having a wedding away from your home, even overseas, can actually end up saving you quite a bit, according to Michelle Joven-Molano, Banquet and Events Manager at the Boracay Regency Hotel in the Philippines. "For starters," says Joven-Molano, "you're likely to end up... Continue reading

Budgeting Tips for Saving Money on Cell Phone Plans

While the cell phone industry will tell you that a typical monthly bill is about $47 as of 2012, many people are paying more than that -- and depending on their needs, it may be too much. There are a few actions that you can take to save money on your cell phone plan today. Sometimes to save money in the long run, you have to consider all the angles, such as whether switching carriers is worth... Continue reading