December 17, 2012

Debt Reduction Takes Attitude

Over at Money Smart Life, there’s a great article about personality traits and how they can help pay off debt.  I particularly like Miranda’s take on the importance of patience - Sometimes, it’s not about the impetuous and grand gesture. Sometimes it’s about patiently sticking to your plan for the next three years. […]

TurboTax Military Edition

This is kinda cool… Intuit has released a “Military Edition” of TurboTax that’s free (through Feb 14, 2013) for junior enlisted personnel (E-1 to E-5) and discounted for those at higher ranks (E-6 to E-10 and officers). Junior enlisted personnel will get a free federal and state return. For those at higher ranks, it will cost $24.95 with state returns costing extra. […]

Negotiate Your Salary at the Outset

I’ve always felt that one of the biggest things you can do to improve your lot in life is to negotiate a better salary before accepting a job. Think about it… Not only will you earn more out of the gate, but your subsequent raises will also be based on this amount. That means that a bit of extra negotiation right now will compound as you get raises in the coming years. […]

Personal Finance Books For The New Year

January, with its New Year’s resolutions, is just around the corner. Now is a great time to read a couple of personal finance books, dust off the old calculator, and get prepared for an awesome 2013. Personal finance books make for great gifts, too! Below, you will find links to my favorite books about personal finance. Each one, in its own way, helped me, motivated me, challenged me, inspired me, […]

An Introduction to Naked With Cash

It’s time to get Naked With Cash! No, none of us at Consumerism Commentary will be removing our clothes and swimming in a pool of hundred dollar bills. Naked With Cash is the new series in which the public will be able to follow the financial progress of up to seven Consumerism Commentary readers who agree to bare all, from an inside-the-wallet perspective, every month for the entire year. […]

Use a Digital Camera Effectively (351/365)

Whenever I’m about to travel, my digital camera is the first thing I pack. It’s an incredibly cost-efficient way to create a record of my travels. There are many obvious ways to utilize a digital camera while traveling. One, you don’t need to make prints (unless you want to). I almost never make prints unless I have a specific need for a physical copy of the photo. […]

5 Financial Lessons to Teach Your Kids Before College

Too often kids head off to college and take out the maximum amount they are eligible for in student loans, rent a nice apartment, and have fun going out with friends with little regard to the amount of money they spend. They may rationalize that they will only be college students once, and now is the time to have fun. […]

How to Donate Responsibly

One of the ways that you can help others, and receive a financial advantage in the form of a tax break is to donate to charity. Your philanthropic efforts can provide a way for you to influence the world in a good way, as well as give a little back to you with the help of a tax advantage. Most of those who donate aren’t just in it for the tax break. […]

Reader Mailbag: Stew

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. Tax software for challenging year 2. Credit cards and dishonesty 3. Shopping strategies in small town 4. Wage garnishment question 5. 100% financing on a home 6. Maximizing wealth after graduation 7. […]

Why Do You Calculate Your Net Worth?

A lot of people calculate their net worth, and it’s a subject I’ve briefly discussed in the past, but have you ever looked at the process of tracking this information and why it is you do it? At the beginning of every month, I log into all of my accounts and give them a once over. This includes credit card accounts even though they play no role in our net worth (more on this later). […]

Getting Out Of Debt

I love this time of year.  I love giving gifts, hanging out with family, and enjoying time off from work. What I don’t love about this time of year – and what many families struggle with after this time of year – is credit card debt. So, let’s put together a plan of action, so that when those bills arrive in January, we’re ready to pay off that credit card debt – and be in a position to pay cash f […]

Shoppers to Spend Less This Holiday Season

One of my favorite holiday songs is “It’s the Most Wonderful Time of the Year.” But I’ll admit that during some points of the season, I feel like changing the words to “It’s the Most Stressful Time of the Year.” And it’s not just because you have to attend company parties, find time to decorate the house, or compliment your Aunt Sara’s cranberry nut dessert (even though you can’t stand it). […]

On the brink of living paycheck to paycheck?

This year has been a little tighter than usual for us financially for a number of reasons.  Things aren’t at the point of desperation by any means, but we have had to answer some financial wake-up calls throughout the year.  Not a full-out, kidney-stone-level emergency room visit, but more like acid indigestion.  This appears in a few ways: We start asking when my paycheck will be deposited.  Bec […]

Reusable Gift Wrapping: The Wrap That Keeps on Giving

Ah, what a wonderful time of the year! ‘Tis the season of beautiful litter. According to the Environmental Protection Agency, holiday wrapping is responsible for a 25% spike in trash between Thanksgiving and New Year’s Day. Oh, I know. You are really, really good about recycling. You’d never throw all the used wrapping paper into the trash. […]

Best Money Tips: Ways to Cut Hair Care Costs

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on ways to cut hair care costs, rules for regifting, and getting the most from social security. Top 5 Articles 19 ways to cut hair care costs — Choosing a low-maintenance cut is a good way to save on hair care costs. […]

Resisting the holiday spending trap

Every year, I fail to really account for the cost of Christmas. “A few hundred dollars,” I think, for gifts, and then by the first few days of December I’ve bought several pounds of butter, and lots of my favorite seasonal chocolate, and the big size of maple syrup because I’ll be baking and pancake-making a lot this winter. […]

From Beanie Babies to Baubles: 5 Unconventional Investments

If you're bored with stocks and bonds and seeking a taste of the exotic, you might be interested in unconventional investments. Unconventional investments can help protect you against stock market volatility because they don't drop — and might even rise — when stocks sink. At least that's the theory, anyway. […]

Case Studies Of People Who Have Successfully Quit

The following is an excerpt from How to Engineer Your Layoff. If you're interested in quitting your job and profiting from it, this book is for you! Today's post details how the author successfully walked two different people through quitting their jobs and leaving with decent severence packages.“An athlete cannot run with money in his pockets. […]