November 26, 2012

Ask About Termination Fees (330/365)

Quite often, when people are locked into long-term contracts with their internet provider or cable/satellite provider or cell phone service provider, they consider themselves to be permanently “stuck” and unable to even consider switching until their contract runs out. […]

Concierge Medicine As a Replacement for Insurance

Although I’ve mostly figured out how to get my financial life in order, other aspects of my life still need work. For example, I’ve visited a physician only a few times over the past ten years. I should be seeing a doctor about once a year if I were to listen to the typical medical advice. […]

529 Funds: What Schools are Included?

When it comes to saving for college, one of your options is to open a 529 plan. These plans come with tax advantages, and use the power of compound interest to help build up money for use in college. Most of us are aware that it’s possible to use the money from the plan to pay for qualified expenses at a number of colleges and universities in the United States. […]

5 Community Colleges That Cost More Than Four-Year Schools

In general, two-year and community colleges are a smart way to land some hefty college savings. According to the College Board, a student at a public two-year college pays, on average, approximately one-third in tuition and fees of what an in-state student at a public four-year school pays. […]

Roth IRA Early Withdrawal Penalties, Revisited

A reader named Bill recently asked for clarification on the details surrounding Roth IRA early withdrawal penalties. I’ve talked about this in the past, but with the end of the year looming, I thought it would be good to touch on it again. As with traditional IRAs, the IRS views all of your Roth IRAs (assuming that you have more than one) as a single pot of money. […]

Reader Mailbag: Christmas Cards

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. Career and life dilemma 2. Christmas at home? 3. Child choosing risky career 4. Christmas frugal and thoughtful rules 5. Stocking stuffer games? 6. Spouse and retirement 7. Investment money concerns 8. Written letters 9. […]

Teaching Personal Finance in the Classroom and at Home

Money is a taboo subject among most Americans, and few families even stop to consider discussing the household budget with their children. But with consumer debt totaling $13.4 trillion in 2010, according to the Wall Street Journal, students need a sound financial education just as much as they need a firm foundation in other subjects. […]

How are Master Limited Partnership (MLP) Dividends Taxed?

For the last few years, I’ve started investing in blue chip companies that offer nice dividends, as an alternative to high yield savings accounts (not a replacement alternative, more like a much riskier alternative), and one type of company I’ve stayed away from has been Master Limited Partnerships. […]

10 Frugal Tips You Haven’t Already Heard

If you’re a regular reader of my posts or Wise Bread in general, you already have a pretty good education on how to live a frugal lifestyle — the basics, if you will. Now it’s time for the advanced course. That’s why I’ve dug deep into my bank of frugal knowledge to pull out these money-saving nuggets. Peep the gems below and start saving savvier than ever before. […]

Get a Week's Worth of Dinners Out of One Chicken

I am a part-time vegetarian. Back when I was a starving student with a $40-a-month food budget, I discovered that cutting meat from my diet on weekdays was not only good for my wallet, it was also good for the environment and my health too. Meatless Monday (through Friday) has never been a difficult diet for me to stick to, as I love fruits and vegetables. […]

Adopting strategies to pay for big expenses

I like the idea of financial independence, and if I’d had my way, we would have started our family once we had college fully funded for each child. Plus, a healthy emergency fund, a do-I-want-to-be-a-working-mom-or-not fund, and a minivan fund. But I didn’t want to be 80 years old at my children’s high school graduations either. […]

Investments Worth Making With $50 or Less

Having an extra $50 in your pocket can be a blessing or a curse, depending on how you use it. You could do something fun and treat yourself out to a nice dinner, blow it on a lottery ticket in the hope of getting more money, or find many other ways to enjoy the extra cash. The spending possibilities are endless. […]

Best Money Tips: Define Your Fashion Style and Save Money

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some stellar articles on defining your fashion style and saving money, tips for effectively using layaway, and cutting winter costs and saving for the holidays! Top 5 Articles How to Define Your Fashion Style and Save Money — Save money while defining your fashion style by flipping through a magazine to see what you are drawn to. […]

Buy a Home You Can Afford With the Mortgage Suitcase Trick

Raise your hand if you’ve ever tried to stuff more than you really need into a suitcase. You begin with good intentions, wanting to make sure you have everything you need for your trip. You don’t really know if you’re going to need that extra sweatshirt, but you throw it in just in case. Before you know it you’re sitting on the lid of your overflowing suitcase just to get it closed. […]

Creative Life Planning Solutions For Retirement, Part 1

The following is an excerpt from the book How Much Money Do I Need to Retire? (60 Minute Financial Solutions) by Todd Tresidder. It is an easy and valuable read for anyone wanting to get an accurate estimate of their retirement number. […]

Cyber Monday and Mr. Rebates

Online retailers are kicking it up a level for Cyber Monday. One great way to take advantage of even more savings and make your holiday dollars go a little bit further is with a rebate portal like Mr. Rebates. Taking advantage of the extra savings is easy.  Instead of heading to your favorite store directly, you sign up for Mr. Rebates and click through to the store from within there.  Mr. […]