The key to making personal finance work is spending less than you earn. A lot on this blog, and a lot of advice out there focuses a lot on the spending less part. You may have noticed that I even phrased the first sentence as "spending less than you earn", rather than "earning more than you spend". There's a reason for focusing on cutting your expenses. Often cutting your spending is far easier . . .
Buying a new car every few years is a lot of fun. You get the latest features, don't have maintenance headaches (barring a lemon purchase), and have the status symbol of a newer car. But if you're going for the most bang for your buck, trading out vehicles often is not the way to go. Maintenance Costs Less than Depreciation A common myth says that the amount you . . .
Love and money don't mix. Or at least that's how the conventional wisdom goes. Statistics are rampant detailing how money problems are the leading causes of divorce, and one of the leading causes of stress in a household. Income discrepancies can cause tension between partners, leaving the feeling that one isn't pulling their full weight. Different spending habits and priorities can cause friction . . .
Reviews.com is a great resource that researches and reviews everything under the sun, including a range of financial products. It's a great place to start when contemplating any major (or minor) life changes. Below is an excerpt of an article that originally appeared on Reviews.com. For the complete version visit: http://www.reviews.com/mortgage-companies/ Of course rates are going to matter . . .
Chances are, you've heard at least a few get rich quick stories. Some big payout that will set you free from working ever again and let you live a life of luxury. It's why so many people play the lottery. Or fall for get-rich-quick scams. But, deep down, you know that these rich quick stories almost never happen in reality. Even if you did suddenly strike it rich, all the money in the world . . .
Dealers seem to be pushing car leases harder than ever. If you've never leased a car before, you're probably wondering if they are worth it. You might be tempted by the lower monthly payments. Or, you might have heard that leasing a car is throwing your money away, and have never given car leases a second thought. And if you're currently leasing a car, you should ask yourself if it's really the . . .
I loved reading The Index Card by Helaine Olen and Harold Pollack. In the book, they try to keep personal finance simple by outlining 10 basic principles you should stick to. They recommending keeping their 10 rules on an index card for easy reference (hence the title). By avoiding detailed "how-to" instructions, this book's broad principles are relevant to almost any personal financial . . .
Going into a holiday weekend seems like a good time to address a reader's question about timeshares and vacation clubs. What are they, what's the difference between the two, and is one better than the other? What Are They? Arguably, vacation clubs are just another name for timeshares. It seems that big hotel and resort chains started vacation clubs in response to timeshares' bad . . .
When you decide to buy a home you'll need to decide what kind of mortgage works for you. The most common type of mortgage is the 30-year fixed rate mortgage. However, don't just assume that this one is the best kind for you. The Big Bad Balloon Hopefully your banker or mortgage officer won't even offer you a balloon mortgage. If they do, run out the door. The only balloons you want on . . .
A lot of personal finance focuses on savings: saving for retirement, saving for an emergency, saving up for a car or house, all in addition to the smaller savings goals that you may have set for yourself. The problem is, it's a lot easier to tell ourselves that we need to save than to actually stash away the money. Whether you're currently saving nothing at all, or just not as much as you know . . .