Last week a reader asked if closing his 401k made sense in light of the sharply declining stock prices. The short answer is no, but a commenter wondered if this was always true.
Playing a little Devil’s Advocate–and someone asked me about this–why do we have to stick it out? What if the [...]
With a presidential election days away, turmoil in the markets, and the government set to spend nearly a trillion of our dollars “fixing” a mess the government created—investors are understandably worried, even afraid.
Recently, one worried reader asked the following:
It’s October 11, 2008. A time of recession, bailouts, economic collapse, and massive government debt. [...]
I’m pleased to hear you are considering home ownership. Owning your own home is a wonderful blessing, but it can be a heavy burden–a curse even–if you borrow money before you’re ready.
I know you are busy, so if you don’t have time to continue reading now, please just scan my very quick, bulleted summary. It’ll [...]
The following post is courtesy of Australian blogger Tehn Yit from the Cheap-as-chips.
Impulse buying is one of the human behaviors that I really hate. Why? Because I typically end up buying an item that I neither need nor is it suitable for the task.
It is human nature that when we see something desirable, we will [...]
Marriage, like most ventures, requires effective communication for success.
My wife and I met under peculiar circumstances, so we knew from the start that we had a lot to talk about.
Early on, we invested time talking about our values, beliefs, and approach to life. We didn’t want our marriage to become another divorce statistic.
Today, money disagreements [...]
What do burgers, kids, and movies have in common? They all involve opportunity costs.
When you buy a burger, you can’t use that money to rent a movie, pay down debt, or invest. And when you sit down to watch a movie, you’ve traded your time and money for two hours of entertainment.
Continue reading this guest [...]
The neglected path:
avoid debt,
save now,
save enough,
minimize expenses,
own everything;
money will then be your powerful ally
instead of a crushing burden.
This post was part of Liz Strauss’ The 25 Words of Work / Life Wisdom Writing Project.
Q: Where’s the best place to protect my money from inflation?
A: Although the stock market has outpaced inflation in the past, the stock market’s returns are too volatile to only invest in the market.
In the past, investors had few options for shelter. Today, however, the government sells TIPS and Series I bonds which compensate investors [...]
It’s my pleasure to host my third Festival of Frugality. I would like to thank squawkfox for hosting last week. To learn how to participate, check out the Festival of Frugality’s homepage.
With the cost of energy rising and the value of the dollar dropping, frugal choices are becoming increasingly important. Here’s how 55 bloggers have [...]
Many financial advisers emphasize the importance of building a large nest egg. While a large nest egg is a great idea, this strategy can make people focus on the future at the expense of the present.
That’s a trade off we’re not willing to make.
Many people view their retirement balances as the solution to their situation–working [...]
