Posts tagged "personal finance"

Frisky Rant: Pay Off Your Own Debt!

I graduated from college two years ago with $115,000 in student loans. I’m paying them off a little at a time, and when I need a reason to drink, I like to play with loan payoff calculators online, which tell me that, if my monthly payments stay as they are, I should be done i…

By: Diana Vilibert / October 27, 2010

Money 101: How To Make The Most Of Reverse Empty-Nesting

Sometimes when you hit rock bottom, there’s only one place to go – back home with Mom and Dad. As layoffs and overwhelming debt are knocking members of our generation on their asses, many are flocking home to the safety net they couldn’t wait to escape at age 18. There isn’t any shame in going…

By: Colleen Meeks / October 22, 2010

Therapy For Your Pocketbook Episode 11: “Stocks, Bonds and Metaphors”

In the latest episode of “Therapy For Your Pocketbook,” Diane, a recent divorcee, comes clean and admits that although she signed up for a Roth IRA, she has no clue how to invest her dollars. Finance Expert Manisha Thakor explains that there are funds specifically created for new investors who aren’t stock market-savvy.

By: The Frisky / October 15, 2010

Poll: How Do You Shop For A Car?

[poll id=2432]…

By: Amelia McDonell-Parry / October 12, 2010

Cash & Coupling: How Much Does A Baby Really Cost?

I have two children, and we’re expecting our third (and last … hello, vasectomy!) in the spring. I recently saw a billboard that claimed babies cost about $700 a month. I did the math on my 2.5 kids, and holy disposable income; the figure hurt. The billboard was an advertisement to deter teenage pregnancy, but…

By: Colleen Meeks / October 11, 2010

Money 101: How To Avoid 7 Common Savings Pitfalls

This past payday, I was as excited about having the funds to bring home this season’s faux fur vest as I was about skimming 10 percent off the top and watching our savings account increase. And I have to admit, I’m pretty proud of myself for being responsible enough to make that deposit regularly &#8211…

By: Colleen Meeks / October 7, 2010

Money 101: How To Meaningfully Reduce Your Expenses

Financial tips like “skip your latte” are obnoxious. So are suggestions to camp rather than stay in hotels, separate two-ply toilet paper and cook eggs in the dishwasher. After all, I don’t want my life to suck. While it’s true that incremental expenditures add up over time, the biggest factors affecting spending have to do…

By: Amelia Timbers / October 4, 2010

Money 101: How To Save For The Big Stuff

Let’s face it, saving money is a bitch. But all the big stuff in life — car, college, marriage, kids, travel — have equally big dollar signs attached. To minimize debt, saving for these expenditures ahead of time is important. Here are six effective strategies to set money aside — and keep it there.

By: Amelia Timbers / September 29, 2010

What Do You Spend Money On And What Do You Save On?

Lately, I’ve got money on the brain. So when my bag broke a few weeks ago, I couldn’t decide what I should buy to replace it. For a variety of reasons, my shopping prospects were limited when I went to buy it on the fly. I went to a variety of boutiques, some of which…

By: Susannah Breslin / September 28, 2010

Therapy For Your Pocketbook Episode 10: “Sandals, Sundresses & Silence, Please”

In the latest episode of “Therapy For Your Pocketbook,” Connie, a teacher who is stressed from trying to keep her third graders from setting their surroundings on fire, ponders what to do with some extra cash. Become an investor or a jetsetter? Finance Expert Manisha Thakor helps her find a way to do…

By: The Frisky / September 23, 2010

Money 101: 3 Very Good Reasons Not To Buy A Home — Yet

During a coffee break at the Boston Federal Reserve’s housing crisis conference, I answered my 23-year-old, unemployed, freshly engaged sister’s phone call. She and her (also young but at least employed) fiancé were shopping for homes near San Francisco, where housing prices start above half a million dollars, and wasn’t I so excited for her?

By: Amelia Timbers / September 21, 2010

Money 101: 11 Personal Finance Reads To Change Your Life

In finance, there’s a canon that everyone on Wall Street has read: Benjamin Graham, Adam Smith, and Robert Schiller. But no canon exists for personal finance. In fact, most personal finance books are a frustrating waste of time and money. From Suze Orman’s factually incorrect information to Jim Cramer’s super-caffeinated hysteria, it’s a sad field…

By: Amelia Timbers / September 17, 2010

Therapy For Your Pocketbook Episode 9: “Store Credit Cards — Danger Ahead!“

In the latest episode of “Therapy For Your Pocketbook,” Suzie, a young professional, gets seduced by the lure of “15 percent off” that comes with opening a new store credit card. Finance Expert Manisha Thakor urges her to be responsible and warns if her credit score gets damaged, she may wind up with the…

By: The Frisky / September 16, 2010

Dear Wendy: “My Friends Don’t Respect My Financial Limitations”

I recently married and bought a home. During this same time, I was laid off from my job and my husband’s income decreased drastically. We ended up moving in with my in-laws while we used all of our money to fix up the house. All of my girlfriends were in my wedding. I embraced their…

By: Wendy Atterberry / September 16, 2010

Money 101: How To Negotiate Anything

One of my favorite coats is a gorgeous knee-length number that coordinates with almost anything. The best thing about this coat is that I paid the criminal price of $10 for it. I found it on a clearance rack. It was the only coat of its kind and happened to be in my size; our…

By: Colleen Meeks / September 7, 2010

Money 101: 4 Secrets For Financing Grad School

“Don’t you have a daddy?” the professor sitting across from me asked. I smiled a little. Was he was joking? Or hitting on me? Nope, he was serious and thought my father was paying for my legal education. Though I’ve been independent for years, my law school’s financial aid office had a similar attitude, telling…

By: Amelia Timbers / August 30, 2010

My Two Cents: I Used A Credit Consolidation Agency To Crush My Debt

When I was 27, I finally took my head out of the sand and did what I had been dreading for months. I added up the balances of my credit cards and discovered that they had skyrocketed to over $15,000! By looking at the statements separately, I had tricked myself into believing my debt wa…

By: Rainbow Kirby / August 12, 2010

Therapy For Your Pocketbook Episode 8: “The Shredder”

In the latest episode of “Therapy For Your Pocketbook,” Diane, an entrepreneur, splurges a bit on her new business, but — $200 for a cappuccino maker?! Finance Expert Manisha Thakor suggests a formula when buying: break down your yearly income into an hourly wage to determine how much “time” each purchase will cost you.

By: The Frisky / August 5, 2010

Money 101: How To Buy Your First Home

Buying your first home can be a terrifying experience that may transform you from a financially stable go-getter to a jittery, nervous wreck.

I remember lying awake, staring at the ceiling the night before our closing. I pondered the longevity of this decision. How could I sign a 30-year financial commitment when I…

By: Heather Teilhet / August 4, 2010