Five Gifts for a Brighter Financial Future

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.

Seven Steps to Short-Term Savings

Seven Steps to Short-Term Savings

The hardest part about saving money is getting started. So start slow, then ramp it up a bit, then put it on autopilot and watch your savings grow. Here are seven steps to short term savings.

What To Do If Your Employer Cuts Its 401(k) Match Benefit

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?

Credit Card Debt: Eight Ways Out

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 […]

Seven Tips to Save Money This Holiday Season

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 […]

When You Need to File Bankruptcy

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 Is Coming Back

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 […]

What is the Difference Between a Subsidized and Unsubsidized Stafford Loan?

What is the Difference Between a Subsidized and Unsubsidized Stafford Loan

Simply put; with a subsidized Stafford loan the government pays the interest while you are in school. With an unsubsidized loan, interest starts accruing the moment you receive the money from the loan.

Roth IRA or Traditional IRA: What Do You Do?

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.