Last week I offered up 53 free or inexpensive gift ideas, but if you have a little bit more to spend on a few special people in your life, consider giving gifts that encourage saving or financial literacy.
The stock market isn’t the only thing that might be beating up on your 401(k) retirement plan; many employers are cutting 401(k) plan matching benefits as a way to reign in expenses, the Wall Street Journal reports. What should you do if your employer pulls your matching benefit?
It’s never a good time to be in credit card debt, but I’ll be honest: the nasty economic climate makes it an even worse time to be in debt. Creditors are jacking interest rates and employers are slashing jobs—a combination that could land any of us between a rock and a very hard place. If […]
I admit, I’m usually a last-minute kind of guy around the holidays. But I’ve realized over the years that procrastinating can be costly. Not only are the best presents gone, but I’ve missed out on the best sales—and the ability to comparison shop. A little holiday preparation can save you money on gifts—and more. And […]
Believe it or not, bankruptcy is not a dirty word. Yes, it’s far better to never go into bankruptcy. Most people seem to get that. But what many do not understand is that sometimes, bankruptcy isn’t just a way to protect yourself from creditors—it is sometimes the best financial decision you can make.
Layaway—the way to purchase big ticket items in weekly or monthly installments before taking possession of the merchandise—is making a quick comeback at U.S. retailers in advance of the 2008 holiday season. As creditors reign in credit limits and consumers become less inclined to go into more debt, layaway may be an ideal solution for […]
I’m curious to hear your arguments for contributing to either a Roth IRA, traditional IRA, or both. What do you do? Unless I’m missing something, the scales tilt heavily on the side of Roth IRAs for us twentysomethings.