March 13, 2013

Savings Rates Over Time

In his post yesterday, Richard talked about the remarkable decline in savings rates over the years. Inspired by this, I visited the St. Louis Fed’s website where they have an excellent graphing tool that lets you visualize the savings rate over time. Below you can see a graph of savings rates in the US from 1959 to present. That’s the widest interval for which data were available. […]

Join Our Tweetchat on Thu 3/14, 12pm Pacific for a Chance to Win Prizes

Join our Tweetchat this Thursday at 12:00 pm Pacific for lively conversation and a chance to win prizes! Use #WBChat to participate. This week's topic: Frugal Birthday Bashes for Kids! Learn about picking a theme, saving on invites, and not breaking the bank on party favors! […]

The Debts of Special Events

When Sarah and I were married in 2003, we had a fairly low-cost ceremony. We rented a local Knights of Columbus hall for the reception, utilized a lot of family help in the preparation, and the total bill was quite reasonable. The honeymoon, however, was a different story. […]

FMF March Money Madness, Round 1, Posts 57-60

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. […]

Millennials, Money, and the Modern Marriage

When I married my husband at age 22, I was considered on the “old” end by the standards of my state. Now, 11 years later, getting married at 22 isn’t out of the ordinary in Utah — and it’s considered somewhat young by many in the rest of the country. For Millennials, the marriage age is rising. Not only that, but the way Millennials approach money in their marriages is changing as well. […]

The 14 Weirdest Tax Write Offs, They Were Asking for an IRS Audit

People are always trying to get creative with their tax deductions, but the IRS does not always go along with them. Filers have tried to deduct everything from prostitutes and pornography to pets and lavish holidays. But the IRS has been quick to put the kibosh on some of the truly outlandish deductions. […]

The Simple Dollar Weekly Roundup: Daylight Savings Time Edition

As far as I can tell, far more efficiency and productivity is lost due to the switch to and from Daylight Savings Time than is gained due to the shift in daylight hours. The best solution, in my opinion, is to simply pick one time or the other and stick with it. […]

Is paying down debt faster always a good idea?

Paying more than the minimum amount due on an installment loan, like an automobile loan or a mortgage, saves on interest expenses in the long run. You owe the money for less time, and hence pay less interest. There are of course lots of ways to pay down loans more quickly. There’s something for everybody who wants to be debt-free. […]

17 Things Car Salesmen Don't Want You to Know

Regular readers of the content aggregator Reddit.com may have seen a post recently asking car salesmen to confess their greatest fears. The response was overwhelming; over 7,500 comments were posted. As I read through the list (it took hours!) I jotted down some recurring themes. From those notes I have identified car salesmen's 17 greatest fears and weaknesses. […]

How to Get a Truly Free Credit Report

The federal Fair Credit Reporting Act (FCRA) entitles every American to a free credit report each year. So, how do you get your free credit report? Should you go to GoFreeCredit.com or some other site with a catchy jingle? Nope. There's a better way. Your truly free credit report comes from AnnualCreditReport.com. […]

What FDIC Insurance Does Not Insure

We all know that the Federal Deposit Insurance Corporation insures each depositor up to $250,000 per insured bank and it’s an insurance policy that is as good as gold (OK, technically not as good… but pretty solid). […]

Best Money Tips: How to Avoid Costly Travel Mistakes

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on how to avoid costly travel mistakes, ways to clear your mind, and how to not get hustled by your student loans. Top 5 Articles 7 Costly Mistakes Travelers Make and How to Avoid Them — Being inflexible with travel dates can cost you big time when it comes to traveling. […]

Extreme weather and recreational costs

This post is by staff writer Honey Smith. Although I live in Arizona (where it’s sunny and 65 right now), this has been a nasty winter for much of the country. The storm known as Nemo led to power outages, flight cancellations, and at least nine deaths. […]

Encourage Family Sharing and Save Money by Going Unisex

Meeting everyone's food preferences in a family is challenging enough. If you, like many other home economists, find that accommodating a different toothpaste flavor for every teen and keeping up with clothing replacements puts you over the edge, consider the following unisex savings strategies that encourage sharing and help you make ends meet. […]

How Will You Spend Your Tax Refund?

NBC News tells how Americans plan to spend their tax refunds this year: A TD Ameritrade survey released last month found that 47 percent of those expecting to get a refund plan to bulk up their savings account with it, while 44 percent plan to use the money to pay debt. About 28 plan to spend at least some on necessities and 15 percent plan to splurge on something discretionary. […]