Weekly list of curated personal finance articles from around the web.
Cars were once a financial engine of America’s middle class. Now they’re a ‘wealth killer.’ (MarketWatch via Yahoo Finance). I’ve run the numbers five ways and sideways — a car payment just doesn’t fit on a cash flow plan. Not if you want to live generously, save and invest for the future, and enjoy financial margin. See also, Breaking the cycle of financing vehicles.
Advice for the kids (Humble Dollar). A wonderful financial writer and dad offers some final financial words of wisdom for his kids.
How much should you tell your kids about your finances? (Cameron Huddleston). We’ve erred on the “share more” side of this equation, but keeping things age-appropriate is important.
Investors spend a lot of time thinking about risk. But they do it all wrong. (Wall Street Journal). I’m not sure the headline really matches the article, but there are some good points here about various types of risk and their potential rewards.
3 main reasons a budget fails (FaithFi). Helpful instructions for the successful use of a budget.
Most people think they need $1.8 million to retire. Do you? (Kiplinger). Have you ever run the numbers on your retirement? A simple calculator to start with is Fidelity’s Retirement Score. You just have to answer six questions.
6 tips for picking the best health plan during open enrollment (Washington Post). What to look for in a plan that will serve you and your family best.
What it really means to have enough (This Evergreen Home). Good suggestions for taming the “more” monster.
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