The Latest

Car pulled over, policeman giving a ticket

How Much Will That Ticket Cost You?

Before we pass our road test and receive a freshly minted driver’s license, we learn one of the most important facts about driving: Being charged with a moving violation is costly. Most of us have the facts imparted first by a driving instructor and then reinforced by a concerned parent, who assures us that the …

Categories: Automobile, Insurance

Five Credit Card Reward Myths

Almost everyone wishes they could get something for free, but few people know that the pursuit of “free stuff” is commonplace among those who take advantage of credit card rewards. The problem is, it can be difficult to differentiate between fantasy and reality, since almost everything you hear on the topic comes from those who benefit …

Getting Rich on a Small Salary

Once every month or two, I’ll come across a story like this one that describes how someone on a small salary managed to slowly amass an impressive wealth. This particular story describes how a janitor managed to accumulate $8 million. From the article: Ronald Read, a Vermont gas station attendant who worked in retail later …

Guide to Student Checking Accounts

If you’re in college, the idea of a checking account could be brand new to you. After all, this may be the first time you’ve been responsible for paying your own cell phone bill, rent, or utilities. Whether you’re just getting started or have been researching your options, here’s what you should know when looking …

Categories: Banking, Education

Why the Fed’s New ‘Rate Checker’ Doesn’t Check Out

By Peter Miller The government is out with a new mortgage rate site, a resource that’s been greeted with cries of outrage from many within the mortgage industry. So what is this site, does it help borrowers save money, and why has there been so much controversy? The government routinely posts information regarding just about …

Six Common Tax Misunderstandings – and How to Survive Them

During the first few months of the year, I read lots of articles and hear from many readers on the question of income taxes. It’s not surprising since filing income tax paperwork is part of the life of most American adults during these first few months of the year, and it’s always a painful process. …

Categories: Taxes

Five Tax Breaks for Parents

There’s a lot to be said about having children; they’re a joy, they’re a handful — and they’re expensive. How expensive depends upon where you live and how much you earn. The U.S. Department of Agriculture estimates it costs between $180,000 and $540,000 to raise a child from birth to age 18, and those numbers just …

Categories: Family, Taxes

Seven Truths About Self-Employment

It’s three hours until closing time and you’re already counting down. Once the clock strikes 5 p.m., you are ready to race out that door and find comfort with your family – at least until tomorrow. Your morning meeting was beyond frustrating, your co-worker smacked her gum all day (again), and the entire day was …

Questions About Grills, Smoothies, Photos, Debt 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. Frugality and abusing charity 2. Gifts for groomsmen 3. Spending in response to debt 4. Unlimited photo storage with Prime 5. Dave Ramsey’s 12% returns 6. …

Categories: Reader Mailbag

Dealing With an Unexpected Financial Blow

It was the most bizarre sound I’ve ever heard. I was driving down the interstate with both of my babies strapped into their car seats. Jingle. Jangle. Metal-on-metal. Jingle again. There were so many sounds coming from my car that shouldn’t have been there. Luckily, by some miracle, I jangled all the way to the …

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