The Latest

alms box at st. peters

A Retirement Tax Trick You May Not Know About

In my recent post I highlighted the looming problem that taxes will create for many investors when they retire due to the bulk of retirement assets being held in tax-deferred accounts. In that post I provided one potential solution for the tax-deferred problem: converting a portion of your portfolio to tax-free money via a Roth IRA conversion. …

Categories: Investing, Retirement, Taxes

Personal Finance 101: What the HELOC Is a Home Equity Line of Credit?

Need access to a lot of cash at an interest rate much lower than credit cards? Do you still want the flexibility to take only as much as you need, when you need it? A home equity line of credit, or HELOC, can deliver these advantages. Of course, a HELOC also has disadvantages — we’ll …

How Making Meals in Advance Saves Time and Money: Make-Ahead Lasagna

Earlier this week, I spent about an hour preparing four pans of lasagna at the same time, with the intent of eating one pan as a family dinner and freezing the other three for future use. I’ve often talked about making meals in advance and how it saves both time and money, so I thought …

Categories: Meals

10 Tricks Online Marketers (and Other Scammers) Use to Extract Your Money

It’s pretty hard to spend much time online without seeing some pitch or another for some product that you just can’t live without. Maybe it’s a weight-loss kit or perhaps it’s a tool for cleaning your living room, or even something as simple as software for managing professional contacts or a special course to help …

Categories: Shopping

Personal Finance 101: What Is a Certificate of Deposit?

If you’re looking for a place to stash your money for a longer period of time than a regular checking or savings account, you may have investigated a certificate of deposit, or CD. This article will break down everything you need to know about CDs, including pros and cons, the best CD rates and investment …

Categories: Banking, Saving Money

Questions About Tuna, Bicycles, Cruises, Cruel Coworkers and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Investing and taxes 2. Ethics and class action lawsuits 3. First adult bicycle 4. Cheap versus frugal 5. Disney Cruise suggestions 6. The value of staying …

Categories: Reader Mailbag

Fed Up With Verizon and AT&T? Try One of These Cheap Cell Phone Plans Instead

Are you starting to despise your Verizon Wireless cellphone bill? If so, you’re probably not alone. According to CBS News, the average Verizon phone bill surged to a level never seen before late last year – $148 per customer, per month. In case you don’t want to do the math, that’s a whopping of $1,776 per year. …

11 Strategies to Minimize Shopping or Avoid It Altogether

I have found that, time and time again, the act of going shopping causes almost all of the money leaks in my life. It seems like it’s common sense, but it’s true – whenever I go to a store or visit an online store, I tend to spend money, and it’s often money spent on …

Categories: Shopping

What’s Your Money Personality?

How sharp are your financial instincts? Do you boast a banker’s savvy sense for cents, or is your freewheeling financial style more care-free than careful? Take our quiz to discover your money personality: Powered by Interact How to Make Saving a Habit Developing good money habits can help make successful finance choices become second-nature. And ditching bad habits …

Some Thoughts on the ‘American Dream’

One of the ideals that was taught to me as a child is best expressed today as the “American dream,” that every American should have an equal opportunity to achieve success and prosperity through hard work, determination, and initiative. It’s a great, flowery idea, but what does it actually mean? Let’s start with prosperity. It’s …

Categories: Getting Started

Become a subscriber of The Simple Dollar and get a free copy of Trent's e-book today plus exclusive updates.