The Key to Following Through on Your Good Intentions

Do you find it hard to follow through with your intentions? Whether it's sticking to a budget or signing up for your company retirement plan, it's easy to get off track. Everyone is busy, and your good intentions may fall victim to life's frenetic pace. The key to following through with all you want to … Continue reading The Key to Following Through on Your Good Intentions

The #1 Obstacle to a Successful Budget

When I talk to people about setting aside savings or creating a budget, I often hear things like this: "It's pointless. Whatever I save gets used up by some unexpected expense." "Every time I try to live by a budget something comes up that throws the whole thing off." Unexpected expenses can throw a monkey … Continue reading The #1 Obstacle to a Successful Budget

Are You Saving Too Much?

This may seem like a strange question coming from me. As a huge proponent of saving, my usual advice is to save early and save often. Mostly I think there isn't any such thing as saving too much. However, if you have debt, and you are finding it difficult to pay it down while you … Continue reading Are You Saving Too Much?

Why Life Insurance is Not a Good Way to Save for College

Recently a friend asked me about a strategy proposed to her by a financial adviser. The adviser was recommending that she and her husband invest their children's college savings in a life insurance policy. Here were the benefits as given by the adviser: The money grows risk free. It is life insurance the children can … Continue reading Why Life Insurance is Not a Good Way to Save for College

Four Hidden Reasons to Never Borrow From Your Retirement Plan

If you need money and you have money in your retirement account, it can be very tempting to borrow from it. It is your money after all. Most retirement plans allow participants to borrow against their balances. About one in five 401(k) participants have an outstanding loan, and over a five-year period, almost 40 percent … Continue reading Four Hidden Reasons to Never Borrow From Your Retirement Plan

How to Take Advantage of the Mutual Fund Company Price Wars

Fidelity has added two zero cost funds to their line-up of low-cost index mutual funds. One fund tracks the U.S. stock market and the other tracks international markets. These new funds are the latest volley in the index fund price wars. So it's a good time to talk about the impact of fees on your … Continue reading How to Take Advantage of the Mutual Fund Company Price Wars

How to Use a Check Register to Take Control of Your Money

I may be dating myself by discussing check registers. In this age of ubiquitous electronic payments, few use checks anymore. Today payments are posted to your account nearly immediately, so what you see online in your account really is what you have. But it still may not be what you can spend. If you haven't … Continue reading How to Use a Check Register to Take Control of Your Money

Freedom and Financial Security

Wouldn't it be nice to have complete control over your life? Quit the job you hate. Travel for a year or two. Work for a non-profit despite the lower pay. Wouldn't it be great to be able to do these things, or whatever else is on your list, without fear? You don't have to be … Continue reading Freedom and Financial Security

Is Your Money Leaking Away?

The other day, I was putting the cushions for our patio furniture away when I realized we have had them for at least ten years. They're nothing special. I bought them at Home Depot for less than $20 each. They're definitely not something you'd expect to last so long. So what is the secret? The … Continue reading Is Your Money Leaking Away?

How to Lose Money with Every Dollar You Invest

Recently I was helping my daughter with her bank account and noticed a $1 withdrawal labeled "Stash Fee". It was a fee to robo-adviser, Stash. Normally I would be thrilled by the good news that my daughter was saving and investing. But in this case I wasn't. I had a couple of concerns, but the biggest … Continue reading How to Lose Money with Every Dollar You Invest

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