Family Is Key to Personal Finance Success

It is fair to say my family and I wouldn’t be where we are today if it weren’t for my wife. In fact, that’s a gross understatement. My wife is the reason we turned it all around shortly after we were married. I firmly believe family is the key to personal finance success. You can carefully […]

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How to Deal With a 401(k) Plan That Sucks

Most of the time when you read about 401(k)s, it’s something like, “contribute at least up to the company match,” or, “don’t put too much in company stock.” But what do you do when your company’s 401(k) sucks? Problem: Your company doesn’t offer a match. Solution: Contribute as much as you can to a Roth IRA, […]

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Personal Savings – China v. U.S.

The personal savings rate is one of those topics that comes up occasionally in the media that always stokes discussion. The U.S. personal savings rate has hovered around 0% for several years now. There’s a lot of argument about what, exactly, that means. Some people argue that the calculation of the savings rate is flawed. […]

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Homeowners Insurance – 5 Things to Check in 5 Minutes

Looking over my homeowners insurance policy isn’t something I relish. It’s not that it’s hard, it’s just that it’s one of those checklist kind of tasks you should probably do regularly but hardly ever do. But after reading a Wall Street Journal article this morning about how some insurance companies are switching customers from a […]

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Goosing Emergency Fund Earnings

I got a question about emergency funds I’d like to address: “With rates on savings accounts like Emigrant and ING dropping, where’s a good place to put my emergency fund? I hate seeing my money sit around doing nothing. Thanks.” My answer to this is simple. An emergency fund is not for making money. Achieving […]

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Getting Student Loans Cancelled

It is possible to get student loan debt cancelled. You read that right, some people can get student loan debt completely forgiven. Mostly the benefit is for teachers, so if that’s not you or someone you know, this program isn’t likely to help. (Unless you’re dead, which is another way. Really.) Who’s Eligible Teachers who […]

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Get Free Money – Use Your ESPP

One of the most awesome employment benefits you can have is an Employee Stock Purchase Plan. Most of the time, contributing to them is the equivalent of getting free money. Most of these plans give you a discount on the price and many have a look-back provision that makes them even sweeter. Buy one day. […]

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Financial records – what to keep, what to toss

The other day I was filing away my paystub and saw all my financial files. It got me thinking about how I haven’t gone through them in a while and if I should redo anything. I started reviewing in my head what financial records to keep and for how long and what to just toss. […]

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Deal With Insurance After a Car Accident Like a Pro

About a year ago, my wife was hit from behind and her car was ultimately declared a total loss. She was not seriously injured, thankfully. We did learn from the experience, though, and I’d like to share some of those lessons here. (We also later learned how not to buy a car) I hope you […]

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Health Insurance – Who Understands This $#!+?

I just did benefits renewal at my employer. It’s a glorious time of year. You get to see how much more you’ll be paying to get worse coverage. And boy am I paying more. And oh, how it is worse. At the top of the list for this crapenfest is health insurance. Now I am […]

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