February 8, 2013

Lending Club Update – February 2013

It’s been six months since I last updated the performance of my (dwindling) Lending Club portfolio. As a reminder, we’re in the process of winding down our holdings there. We’re down to less than $700, from roughly $10k at the peak. It’s been awhile since I’ve updated our Lending Club performance so I thought I’d share some details. […]

2013 Roth IRA Contributions Complete

Long-time readers will know that I’m a big fan of funding our Roth IRAs through the proverbial backdoor. What I mean by this is circumventing the Roth IRA contribution limits by contributing to a traditional IRA and converting it to a Roth shortly thereafter. […]

Building an Investing Future

John writes in: You’ve mentioned before how a person might slowly build up income-earning investments to provide an income stream for them. How would that actually work? Let’s say I can squeeze out $100 a month for this. What would I do? Okay, let’s do this. First of all, you need to have selected something you’re going to invest in. […]

Ask the Readers: Will you spend $130 on Valentine’s Day this year? or Stop laughing and tell us your plans for Valentine’s Day

This short post is from personal finance writer Gwendolyn Pearce, who last wrote about no-money fun. According to the National Retail Federation, the average person is planning to spend $130.97 this Valentine’s Day. If you’re a male in love, that number jumps to $175.61. Females, however, are only projected to spend $88.78. […]

Free Money Finance March Money Madness, Round 1, Posts 1-4

Here we go with the first round of Free Money Finance March Money Madness (to follow all the action click on my March Money Madness category link and scroll down to read all the posts involved in this subject.) I've listed each "game" (one post versus another) in segments along with the wording provided by the author when the post was submitted. […]

How to Adjust to a Global Employment Marketplace

Chances are good that there is someone else in the world who can do your job better than you can, who is willing to work a lot harder, who can spend more time on the job, and who will accept a lower salary for the same position. Thus is the inequity in the employment marketplace when living expenses are drastically different around the world. […]

FMF March Money Madness Brackets Set

At the end of this post is an Excel spreadsheet that contains the brackets for the 2013 version of Free Money Finance March Money Madness (if you're wondering what I'm talking about, click here.) A few things to note about the competition:The games will begin later today and new ones will be posted every other day through the initial round. […]

States With No Income Tax

In early 2007 as I was getting everything back from my CPA for my 2006 tax return, I was a little shocked. As it turned out I owed more to the government than I had ever even made in a single year prior. It was crazy to me that I was about to write a check that large to the government. […]

Spending Choices and Steps Toward Maturity

At Christmas, each of our children received a small amount of money as a gift, along with encouragement for them to spend it on whatever their little hearts desired. Over the next week, the subject of spending that money came up several times. […]

Your Take: The End of Saturday USPS Mail Delivery

The United States Postal Service announced earlier this week that they plan on stopping Saturday mail delivery starting August 1st of this year. The USPS just increased stamp prices earlier this year to the current stamp price of 45 cents for a first class letter. […]

The Lowdown on Data Accuracy in Your Credit Report

People sometimes shy away from reviewing their credit reports because they’ve heard they are complex and hard to understand. But credit reports are far easier to read than you might think, and reviewing your credit report is a vital part of your financial health! […]

16 Best Baby Gifts on a Budget

About five years ago my friends, one by one, started getting married. For me that meant figuring out what being a "grown-up" really means — buying gifts for other people. Once I finally got that down, my friends started having babies, and my gift-giving education started all over again. […]

How to save money while seeing the world

This is a guest post from Matt Kepnes, who writes about travel and more at Nomadic Matt. His advice has been featured in The New York Times, CNN, The Guardian UK, Lifehacker, Budget Travel, BBC and Yahoo! Finance among others. Kepnes is the author of the just-published How to Travel the World on $50 a Day. Forget what the magazines say about travel. Forget what you see in commercials. […]

Best Money Tips: How You Can Afford a Baby

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some great articles on how you can afford a baby, the value of vacation, and rules for new homebuyers. Top 5 Articles How You Can Afford a Baby: 10 Money Saving Tips — Using cloth diapers and breast feeding can help you afford a baby. […]

Decipher Credit Card Offers With the Schumer Box

If you receive credit card offers in the mail, you've seen the Schumer Box, even if you don't know what it's called. The Schumer Box is that table included with credit card marketing materials that summarizes the costs associated with the credit card. […]

The 5 Best Slow Cookers

Everyone knows that cooking your own meals is better than eating out. Not only does cooking for yourself usually yield healthier dishes, but it is often healthier for your wallet as well. However, not everyone has the time to create delicious, home-cooked meals. […]

Reader Profile: JN

The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. […]