iOS app Android app

Personal Finance

Baby Steps to Retirement

Richard Barrington | Posted 12.13.2014 | Money
Richard Barrington

People fail at retirement planning for a variety of reasons, but one of them is that they get overwhelmed by the sheer size of the task. After all, when you calculate how much money it will cost to fund a comfortable retirement, reaching that goal can seem like scaling Everest.

The Most Important Money Decisions 20-Somethings Make

Credit.com | Posted 12.10.2014 | Money
Credit.com

The first day at a new job is full of excitement, anxiety, optimism and confusion. Am I dressed right? Will I fit in? Will I find the bathroom? Getting all those things right is important, of course. But some things that seem less pressing will have an even bigger impact on your future.

14 Pieces Of Wisdom Financial Planners Share With Their Friends

LearnVest | Posted 12.09.2014 | Money
LearnVest

Wouldn't it be great to have a Certified Financial Planner™ for a best friend? Just think of all the advice you could get about how you might stay on track financially -- and how to make your money work harder for you.

5 Money Lies We Tell Ourselves

Simple. Thrifty. Living. | Posted 12.08.2014 | Money
Simple. Thrifty. Living.

When trying to make ourselves feel better about our financial situation, we often tell ourselves little lies that ease our minds about things. The problem is, if we tell ourselves these lies enough, we tend to start believing them.

Will A Second Baby Break The Bank?

Carrie Schwab-Pomerantz, CFP | Posted 12.07.2014 | Money
Carrie Schwab-Pomerantz, CFP

For just about everybody, having a second baby is a financial as well as an emotional decision. That's because kids today come with a hefty price tag. According to the U.S. Department of Agriculture, the cost of raising a child to age 18 is now upwards of $245,000.

Why Debt Consolidation Can Leave You Deeper In Debt

Jackie Beck | Posted 12.07.2014 | Money
Jackie Beck

Moving your debt around can give a false sense of relief. It makes you feel better about what you owe. That's a problem because most of us don't change until we can't stand a situation any longer. So you don't change anything about your behavior.

5 Steps to Loan Money to Your Kids and Actually Get Repaid

Neal Frankle | Posted 12.07.2014 | Money
Neal Frankle

I'm generally against loaning money to family - including the kids. Instead, I recommend they find other resources. But sometimes lending money to kids can be a win-win. At the very least, it doesn't have to be a lose-lose.

How To Budget For Holiday Travel

WiserAdvisor.com | Posted 12.03.2014 | Money
WiserAdvisor.com

Many people start thinking about their holiday plans -- and their budget for those plans -- around October or November, just a month or two before they need to start traveling and buying gifts.

7 Things to Do Right Now Because Your Personal Data Is Under Attack

Andrew Wang | Posted 12.03.2014 | Money
Andrew Wang

It is the growth in our online shopping habits and preference to use plastic over cash that have increased our vulnerability to identity theft.

In a Same-Sex Marriage? Time to Focus on Financial Equality

PolicyGenius | Posted 12.03.2014 | Money
PolicyGenius

Here are some expert tips from professional financial planners and advisors on how a same-sex couple can best plan for a long and secure future together.

You've Inherited An IRA -- Now What?

Carrie Schwab-Pomerantz, CFP | Posted 12.01.2014 | Money
Carrie Schwab-Pomerantz, CFP

An inheritance can bring up conflicting emotions, placing the positive of financial gain against the sadness of losing a loved one. Complicating the situation further, certain inheritances -- such as an IRA -- are more difficult to sort out than others.

5 Millionaire Traders on the Biggest Mistakes You Can Make in the Stock Market

Timothy Sykes | Posted 12.01.2014 | Small Business
Timothy Sykes

No matter how many video lessons, blog posts, webinars, watch-lists and trade alerts I give, far too many of my students keep making the same mistake that prevents them from taking their accounts to the next level.

5 Budget Mistakes You Didn't Know You Were Making

SALT | Posted 12.01.2014 | Money
SALT

Think tracking your spending is all there is to money management? You might notice your debt shrinking and your savings growing, but you could be doing a lot more to fatten your piggy bank.

The Day I Told Oprah About Overcoming the Shame of Being HIV-Positive

Malcolm 'MJ' Harris | Posted 12.01.2014 | Gay Voices
Malcolm 'MJ' Harris

Loved ones kept encouraging me to be more open about my status as a path to healing my shame, but the thought literally petrified me. Would people judge me? Would my status distract them from the accomplishments I had made?

Your Finances: Sitcom or Melodrama?

Richard Barrington | Posted 11.30.2014 | Money
Richard Barrington

The type of TV show or movie your finances would make is a good clue to what shape those finances are in, and how effectively you handle them.

How To Avoid The Payday Loan Debt Cycle

NextAdvisor.com | Posted 11.30.2014 | Money
NextAdvisor.com

The premise is simple: borrow the amount you need plus a fee per $100 borrowed now, pay it back when your next paycheck arrives. Unfortunately, what often ends up happening is that the borrower can't pay back the amount borrowed within 14 days.

When Less Is More: A Closer Look at Higher Education

Mindy Crary | Posted 11.29.2014 | College
Mindy Crary

Hundreds of thousands of high school seniors will apply to college this year, in hopes of being accepted by their first choice. However, is the higher monetary cost of a more elite university worth the added sticker price?

How To Budget For Life In The Big Apple

LearnVest | Posted 11.25.2014 | Money
LearnVest

The rents in this town are some of the highest in the country -- three times the national average. And while you may be able to save money on certain expenses -- like transportation -- the temptation to splurge on too many fancy dinners or indulge that shopping habit can be tough to resist.

5 Most Common Mistakes People Make with Life Insurance

Jacob Gold | Posted 11.24.2014 | Money
Jacob Gold

Not many are focused on thinking about life insurance. But actually, September is Life Insurance Awareness Month (who knew?), so it is a natural time to focus on this topic.

Do You Have To Pay Income Taxes On Social Security Benefits?

Carrie Schwab-Pomerantz, CFP | Posted 11.24.2014 | Money
Carrie Schwab-Pomerantz, CFP

When it comes to income taxes, many people think only of the money they earn in a paycheck. But the reality is that there are many other types of income that are subject to ordinary income taxes. And all of that income, in turn, can trigger taxes on Social Security benefits.

When To Trust Or Not Trust A Credit Repair Service

Simple. Thrifty. Living. | Posted 11.24.2014 | Money
Simple. Thrifty. Living.

Credit repair can be a very spammy business, so much so that the government has gone to great lengths to regulate the services as much as possible. Even though there are rules that credit repair services must abide by, it doesn't mean that all of them do.

This Year's Must-Have Benefit: The 401(k)

Catherine Golladay | Posted 11.23.2014 | Money
Catherine Golladay

We know the 401(k) is crucial to retirement for most people, but knowing how to make the most of it is just as important.

What Donald Trump and Jim Cramer Have in Their Wallets

GOBankingRates | Posted 11.23.2014 | Money
GOBankingRates

When it comes to matters of the heart and wallet, we wanted to know what these life and finance gurus carry around with them.

8 End-Of-Year Tax Measures That Could Save You Big

WiserAdvisor.com | Posted 11.23.2014 | Money
WiserAdvisor.com

April 15th isn't the only deadline you need to keep in mind when it comes to staying on top of your taxes. Truly savvy planners also watch for December 31st, which is the cutoff to make some clever moves to maximize your savings come tax-time.

How to Compare and Analyze Different Asset Classes

Anthony Humpage | Posted 11.22.2014 | Money
Anthony Humpage

Over the past 20 years, the home has increased in value by approximately 175 percent. This revelation got me thinking about asset classes and how they generally perform over a 20-year period.