MoneyUnder30.com

About Lou Carlozo

Based in Chicago, Lou Carlozo is a personal finance contributor for Reuters Money, a columnist with DealNews.com, and a former managing editor at AOL's WalletPop.com. Contact him with story ideas for Money Under 30 at feedbacker@aol.com, or follow him via LinkedIn and Twitter (@LouCarlozo63).

5 “Robo Advisors” That Are Forever Changing How We Invest

Some six decades go, a rash of kitschy sci-fi films depicted robots taking over the world. But no one suspected it might come true in a civilized way. At least that’s what seems to be happening in the investment world with so-called r … [Read more...]

Preparing For Baby Means The Birth Of A New Family Budget

When my son was born — the first of my two children — I watched everything turn upside down. Any young couple with a baby learns that it’s the shortest of hops from a self-centered to a baby-centered life. “A first baby is such an exciting thing,” … [Read more...]

5 Steps To Negotiating The Salary Of Your Dreams

For all the talk of a recovery from the Great Recession, this economy is still tough. Unemployment may be at about 5.9 percent, and as the Huffington Post calls it, part of “the steadiest job recovery in U.S. history.” Ah, but so many “unsteady” quest … [Read more...]

Why That Black Friday Sale Might Not Be Such A Deal

As shoppers rev up their search engines and get their roller derby pads ready for the madness known as Black Friday, all the preparation in the world might not help them get around this fact: Dad is the least favorite person for people to shop for, … [Read more...]

5 Major Mistakes Investors Make, And What It Takes To Get It Right

My first mistake as an investor was a doozy, and chances are by the time I retire, it will have cost me tens of thousands of dollars in compound interest, maybe more. I’d love to name the financial advisor who steered me wrong. But I’ve risen abo … [Read more...]

Should Your Parents Still Be Your First Stop For Financial Advice When You’re 30?

As a teenager, you likely hit up Mom and Dad for money. Maybe you still do that—but as a young adults, you’re also likely to hit them up for money advice, according to two new studies. Fidelity’s first ever Millennial Money Study reveals that paren … [Read more...]

How We Save: This Woman Said “Enough!” To Debt; Here’s What She Did

From ancient times through the mid-19th Century, debtors’ prisons served as places where you stashed those people who couldn’t pay off their financial obligations. But you don’t need an edifice of brick and iron bars to feel like debt has taken away y … [Read more...]

Could An Annuity Belong In Your 401(k) Or IRA? Proceed Carefully

Annuities are complicated financial products that can be overhyped and oversold by commission-hungry sales reps. And until recently, young people had no reason to ever consider annuities. But a new law that allows you to invest in annuities as part … [Read more...]

A Policy With Bark: Should You Purchase Pet Insurance?

If you're the doting owner to one or more furry friends, I don't have to tell you that pet ownership is not inexpensive. Food, toys, boarding and routine vet visits aside, the big bills can really stack up if your four-legged buddy gets sick or injur … [Read more...]

How To Financially Prepare To Quit Your Job

Few moments in life are more exhilarating -- and terrifying -- than the day you quit your job to pursue something else, whether it's your own business, full-time parenting, or a mini-retirement to travel the world. A few months back, we wrote … [Read more...]