The Real Cost Of Having A Baby

A chart showing how much it costs to raise a baby in the first year.

For many of you, crying babies and babbling toddlers are the last things on your mind. If you’re like I was “before child”, when you see a family with a gaggle of kids in line at a store, you pick another register—quick. Been there. Of course now that I’m a daddy, my 18-month old daughter […]

Q&A: I’m Financing A Car; Should I Make A Down Payment Or Pay Off Debt?

Occasionally I publish answers to selected readers’ money questions. I welcome your opinion in the comments. Send questions to Q: I am in the process of purchasing my first car. I make a little over $30,000 and have student loan payments, but I save by living with my parents. After law school, I was in […]

Should You Move For A Job?

Should You Move For A Job

When thinking about moving for a job there is more to consider than just the pay. Being away from your support system can be harder than you think. However, you might be passing on a great opportunity by staying home. We are weighing the options of moving for a job vs. staying put.

Should You Ever Pay a Credit Card Annual Fee?

Why Credit Card Annual Fees Aren't Always Bad

A lot of other personal finance nerds call people who pay an annual fee on a credit card “stupid”. I don’t agree. Credit cards with annual fees are not necessarily evil—they can, in fact, be a great deal…for the right person. If you: carry a balance on your credit cards and pay interest or on […]

How To Get A Mortgage For A Rental Property

How To Get A Mortgage For A Rental Property

Getting a mortgage for an investment property can be headache. Your best bet is to be prepared before you even start down that path. Make sure you have enough cash reserves to make your lender happy, as well an impressive credit score.

Should You Invest In Real Estate?

Editor’s Note: Yesterday Sarah gave us some ways to help you figure out if you’re ready to buy a home. But what if you’re pondering buying real estate not as a home, but an investment? Real estate investing involves more risk and legwork than investing in, say, a mutual fund, but successful real estate investors […]

Is It Your Time To Buy A House? Four Questions To Ask Yourself

Editor’s Note:  Many of you write in asking if you’re ready to buy a home. Others have asked if rental real estate makes a good investment, which we will get into in two upcoming posts. If you’re a happy renter, know that we’re not unduly glorifying real estate ownership. But because so many readers are […]

Q&A: Should I Take Out Another Student Loan For My PhD?

Should I Take Out Another Student Loan For My PhD

Should you take a loan to get additional schooling? It’s a tough decision. First things first you need to figure out if the extra degree is worth it? Will it provide enough additional income to cover the costs of school, extra interest on your existing school loans, and the lost income while you are in school. If you decide it is worth it, then you need to decide if you should borrow more money to make it happen.