When it comes to managing money, there’s a lot to know. Which retirement savings vehicle is best, an IRA or a 401(k)? Which type is best, traditional or Roth? How much should you spend on a house? But there’s a type of knowledge that’s arguably even more important. Not having this knowledge can cause all […]
Weekly list of curated personal finance articles from around the web. Why your parents should buy you a house (Sherwood). I’m not sure I agree with all of this, but it’s an interesting thought exercise. How to ensure financial misery (The Best Interest). And by the same token, doing the opposite of all this should […]
When Hal and Dee were in their mid-fifties, they found themselves with $50,000 of credit card and tax debt. That would have been bad enough, but they had been there before, which only made it worse. They had been riding a financial—not to mention emotional, spiritual, and marital—roller coaster for years. Repeating history Early in […]
“Few people attain great lives, in large part because it’s just so easy to settle for a good life.” – Jim Collins, “Good to Great” On the first page in the first chapter of his book, “Good to Great,” Jim Collins makes the intriguing statement above. While it’s a business book, focusing on how some […]
Weekly list of curated personal finance articles from around the web. The rise of stealth shopping: how Americans are hiding big purchases from their partners (Wall Street Journal). “My husband doesn’t need to see that I bought another pair of shoes.” Or does he? The new age of endless parenting (MSN). How will they ever […]
At first glance, managing money seems pretty simple. In order to use a budget, you just need to gain some knowledge about how a budget works. In order to invest well, you just need to learn about different types of investments and how to buy them. But it isn’t that simple, is it? Sometimes, even […]
Over the years, I’ve asked readers to share some of the best financial advice they’ve ever received. Here are some of their answers. Bob said that during a pre-marriage class he and his then fiancé attended, the teacher suggested using pay raises to build an initial savings account. In Bob’s words, “I can remember how […]
A divorce attorney once told me that when money is the issue that comes between couples, as it often is, the most common problem is that the spouses were living separate financial lives. Often, unbeknownst to the other, one was taking their relationship to the edge of a financial cliff, usually by racking up a […]
With all the stuff two people bring into a marriage, it’s no wonder that money is a very frequent topic of dispute. They were raised by different sets of parents who did the whole money thing in their unique way. They had different personal financial experiences. They have different temperaments, and they bring into marriage […]
Weekly list of curated personal finance articles from around the web. 80% of Americans say they have financial regrets—here are the most common ones (Money). Learning from other people’s mistakes can yield priceless lessons. Teen’s financial literacy bus teaches kids about money (Good Morning America). Very cool that he’s not just putting the lessons to […]
