About Lou Carlozo

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

How To Choose An Online Bank: 7 Features To Look For

Personal encounters that previous generations took for granted have either disappeared entirely, or are getting pretty darn close to extinction. Wherefore the milkman? The telephone company operator? The research librarian? And, with ever-growing … [Read more...]

DIY Car Maintenance Every Adult Should Know

The first car I owned, I wish I still had. It was an oldie but a great-ie: A metallic, twilight-blue 1977 Chevy Nova with a “three-in-the tree” stick shift mounted on the steering wheel, even though it operated with a clutch. That Nova boasted anot … [Read more...]

The $1 Million 401(k): Investing Strategy For 20- and 30-somethings

Your 401(k) could easily make you a millionaire. By making small, regular investments starting in your 20s or early 30s, your savings will grow tax-free over 30 or 40 years. While opting in to make 401(k) contributions is the most important step you … [Read more...]

When, If Ever, Is It Time To Consider Bankruptcy?

Not so many years ago, I stared tremendous debt in the face, a direct consequence of losing my full-time job and failing to check my spending. And so for the briefest of moments, I considered bankruptcy. It didn’t take long for the financial gurus … [Read more...]

10 Tips For A Successful Crowdfunding Campaign

How often do you hear the words “artist” and “big money” in the same sentence? Maybe when it’s something like this: “The artist owes big money on his rent.” Or: “The artist who titled his abstract painting ‘Big Money’ sold it for 75 bucks at the local … [Read more...]

You Paid Bills Late: Just How Bad Is That? The Lifetime Cost Of Missed Payments

Mitch Roschelle is the kind of guy anyone in their 20s would be lucky to have as a professional mentor. Based in New York, he’s the national leader for PwC’s real estate advisory practice. Mitch has been featured everywhere from The New York Times to … [Read more...]

Can We Go Thrift Shopping? Pro Tips For Finding Thrift Store Deals

Last year I lost 40 pounds, which meant none of my pants fit me anymore. I went from a 34-35 waist to a 31-32, and donning my jeans turned me into a baggy-pants clown. Moreover, I wasn’t into going back to maxing out my credit cards. And while I’ve … [Read more...]

How We Save: Acorns Co-founder Jeff Cruttenden Wants To Make Investing Easy For Everyone

A parent’s shining example can not only shape a life of financial discipline, but also cement a career path for passing on that knowledge to other millennials. But who says you can’t have a little fun while you’re at it? Jeff Cruttenden works along … [Read more...]

3 Easy Ways You Can Be More Money-savvy Than Most Americans

Do you think you're more money-savvy than the average American? If you'd like to be, there's good news: It's not that difficult. From wagering hundreds of millions on the Super Bowl to keeping their finances on cocktail napkins, the most Americans … [Read more...]

The High Price Of Divorce, Financial And Emotional

One New Year’s resolution carries with it the specter of sadness: the decision to get divorced. Coming as they do just weeks before Valentine’s Day, calendar-kickoff divorce proceedings are so common that January is now known as “Divorce Month.” (Than … [Read more...]