Month: May 2014

How To Read A Google Finance Stock Page

Lately, I’ve been using Google Finance more and more as a place to keep tabs on individual stocks. It presents the basic information I need in an easy-to-read format on a single page, so I don’t have to click around much to find what I need. Even better: it’s a one stop shop for the …

Generation Debt: Expensive Schooling And Cheap Labor

This week, The Simple Dollar takes a look at Generation Debt, a book that proposes to show why today is a terrible time to be young, from a financial perspective, at least. Is there enough meat on this idea to make an interesting argument, or is this book just blowing in the wind? Let’s find …

Three Money Lessons My Grandfather Taught Me

I was only seven when my grandfather passed away, but during the last year and a half of his life, he made a special effort to take me under his wing and express to me, as only he could, some of the lessons life had taught him. Some of them were hauntingly accurate; others, more …

Why Traditional Budgets Don’t Work: Wiser Actions You Can Take Instead Of Filling Out A Budget Form

Before I faced my financial armageddon, I tried several times to squeeze my life into a traditional budget. I’d fill out some spreadsheet that someone gave me, or fill out a page torn out of a personal finance workbook, and I’d start off with high hopes of organizing my finances. Everything would go well for …

Categories: Getting Started

Penny-Pinching In The Toiletries Aisle: The Simple Dollar Looks At Toilet Paper

For those of you unaware, I am a big fan of buying in bulk, even though I live in a relatively small space (hint: don’t look in my closet). Why? If I buy in bulk, the cost per unit is often so much cheaper than buying “normal” packages that I end up saving a boatload. …

Generation Debt: Overview

This week, The Simple Dollar takes a look at Generation Debt, a book that proposes to show why today is a terrible time to be young, from a financial perspective, at least. Is there enough meat on this idea to make an interesting argument, or is this book just blowing in the wind? Let’s find …

Categories: Books and Reading

Carnival of Personal Finance #86

Welcome to the 86th Carnival of Personal Finance! For those unaware, the Carnival of Personal Finance is a series of weekly posts hosted by various blogs in which we highlight great posts on various personal finance topics. Usually, when I go to read a carnival or festival, I scan the article titles quickly and only …

Ten Books That Changed My Life #3: Mere Christianity

Mere Christianity C.S. Lewis Changed my life in October 1996 It’s probably safe to assume that some readers will simply shut the door on this blog right now because I dare to mention the “C” word, especially on a personal finance site. After all, given the political climate in America for the past twenty years, …

Categories: Books and Reading

Don’t Sweat The Small Stuff: Another Way To Find Room In Your Budget For Retirement Or Other Savings

While I was reviewing David Bach’s book The Automatic Millionaire this week, I noted that he made continuous reference to “the latte factor,” which basically states that you can come up with the money for retirement by cutting small items out of your budget, such as the nominal latte. While that makes a lot of …

Categories: Saving Money

Why Career Planning May Be Time Wasted – And Personal Finance Planning Isn’t

I recently read a provocative article on PsyBlog entitled Why Career Planning Is Time Wasted, which focuses on a concept called “miswanting”: The idea of making mistakes about what we might want in the future has been termed ‘miswanting’ by Gilbert and Wilson (2000). They point to a range of studies finding we are poor …

Categories: Careers, Money

Why You Should NOT Pay For Your Child’s Education

This topic was requested by a reader who wanted to see reasons why a parent might choose not to pay for their child’s post-secondary education. This article intentionally provides only one side of a complex issue; please, do your own thinking and research before deciding whether to pay for your child’s education or not. You’re …

Categories: Education, Family

Is A Dollar In The Hand Worth Two In The Bush?

Following a recent post describing twenty three weekend personal finance projects, a discussion emerged about whether some of the projects were cost-effective given the time investment. 1mil made the following comment: Wouldn’t it be more worth your time to do something that had the potential to get you more money than you are saving by …

Thinking Of Making A Banking Change? Here’s How To Compare Competing Bank Accounts

Recently, I’ve received emails from people asking me what I think of various checking accounts, such as ING’s Electric Orange or EverBank. I realized that time and time again I used the same criteria to compare various checking and savings accounts, and thus I thought I would share these criteria with you. I rank these …

Categories: Banking

Review: The Automatic Millionaire

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. The sensational title of this book is a big eye-cather when you see it on the shelf. In fact, this book was …

Categories: Books and Reading

The HSBC Direct 6.00% APY Promotion

If you haven’t heard the news, HSBC Direct is running a promotion from January 29 to April 30, 2007. During that promotion, all new deposits earn 6.00% APY through April 30, 2007. Naturally, given my curious self, I couldn’t help but wonder how good of a deal this is, so I used a pretty standard …

Categories: Banking

Ten Tips For A Cheap And Memorable Super Bowl Party

Hosting a Super Bowl party this year (or thinking about it next year)? Here are some tips for making that party a bit easier on the ol’ pocketbook. Please note that there may be some pro-Colts bias in this post. Host it yourself. Don’t go out to a crowded sports bar – instead, invite people …

Financial Independence Week: The Dangers Of Damaging A Relationship

I wanted to finish up this week with what I felt was the biggest danger with financial independence. From my perspective, the biggest challenge that people on the cusp of financial independence face is the danger of a damaged relationship. Parents are afraid to let go, or push their children away roughly in an effort …

23 Ways To Save Money This Weekend

With the big weekend coming up, many of us are sitting around plotting all sorts of activities, both fun and not-so-fun. If you’re looking for something to do, here’s a checklist of twenty three things you can work on this weekend that will improve your finances by saving you money. Each one you complete will …

Categories: Getting Started

Financial Independence Week: The Dangers Of Financial Dependence

For many people, adulthood is a time to find your own path and walk alone, but some parents and children have difficulty breaking the financial ties that bind and the financial dependence continues well into traditional adulthood. This is a dangerous path, fraught with many challenges for both the parent and the child, some of …