woman looking at piggy bank

Getting a business line of credit is often a good idea to help manage your cash flow, deal with business expenses, and even invest in long-term growth plans. Unlike a business loan, however — in which you lock in to borrowing and paying interest on a set amount — a business line of credit allows you to borrow up to a certain limit, but only pay interest on the amount you actually borrow. So, how do you know which business …

Continue Reading

Over the years, I’ve come to understand that financial success isn’t a cause, it’s an effect. What I mean by that is that there are certain fundamental things you can cultivate in your life that, once cultivated, will cause financial success to occur almost effortlessly. The problem with that approach is that modern society encourages what amounts to the opposite of those core values. It encourages people to spend to keep up with the Joneses, to artificially and temporarily improve …

Continue Reading

Unfortunately in life, your past mistakes often have the uncanny tendency to haunt you, long after you made them. This is especially true when it comes to financial mistakes and your credit. Credit problems, in fact, have the ability to hang around on your credit reports for sometimes up to a decade. Because your credit is routinely used by others to judge whether or not they want to do business with you, any problems on your credit reports can make …

Continue Reading

It happens to the best of us: You write a check or make a purchase on your debit card only to find out later that you didn’t have enough money in your checking account to cover it — maybe you forgot about a quarterly payment coming due or your paycheck was delayed; maybe you’re just plain broke. Whatever the reason, the cost of that transaction put your checking account in the red, and once that happens, you’re going to get hit …

Continue Reading

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. A brief annual budget 2. Buffett, GDP, and profits 3. Forecasting, planning, and budgeting 4. Inexpensive wills 5. Rich Dad and Amway 6. Quarterly budgeting 7. Halloween candy 8. Weird frugality 9. Minimum amount for single retirement? 10. Finding time for hobbies 11. Useless gift card 12. Frugal …

Continue Reading

These days, nearly everyone you know has embraced some aspect of modern, American consumerism. It’s not uncommon for families to have 200+ channels in their cable television package, for kids to have $500 smartphones and $200 sneakers, and for parents to trade in their cars for new ones every few years. This is more or less true all over the country, and can even be seen among families on the lower end of the income scale. The fact is, cheap …

Continue Reading

By Katy DeDeyne When you’re trying to make better financial decisions, one of the first areas to look at trimming back is food. From cutting down on dining out, to making a meal plan, to trying store brands, there are lots of ways to reduce the amount of money you spend feeding yourself and your family. But when you add a food allergy into the mix, it gets a little bit more complicated. Specialty foods, like gluten-free products, are often priced at …

Continue Reading

Earlier this year, I spent $400 on dresses from a womenswear company called Soma. The magnitude of this purchase hit my husband hard. “You spent how much? And on what?” He could hardly believe it when I told him that, yes, I spent $400 on six dresses. We share our finances for sure, but each of us has a “slush fund” that we’re free to spend on whatever we want. And this year, I chose to spend part of that …

Continue Reading

I was visiting an old friend of mine who wanted me to sample a jar of pickled cucumbers. While he was opening the jar, he asked me to grab a couple of forks out of one of the drawers in his kitchen. I opened the wrong one. That drawer was stuffed with condiment packets. Salt. Ketchup. Pepper. Mustard. Hot sauce. Tons of them. His explanation was simple. When he eats out anywhere, he asks for condiment packets and then pockets …

Continue Reading

How much does it cost to sell a house? The truth is, how much you’ll pay to sell your home depends on a number of factors. For example, using a realtor to market and manage your home sale can be rather expensive — real estate agent commissions can total 5% to 6% of the sale price, all of which is generally paid for by the seller, not the buyer. But if you sell it on your own? Do things the right way, and your costs may be minimal. Other …

Continue Reading

Our Featured Contributors

Simple Share Buttons
Simple Share Buttons