Archives for January 2012

5 Online Tools for Tracking Your Cash

I often think of my mom and her frugal ways. She was a budget goddess. In the days before the pc, lap top, tablet and smart phone phenomenon, she implemented a budget system that anyone could manage – anyone who was committed that is. It was the envelope system. When the paycheck came home my […]

Published or Updated: June 6, 2013

Cash or Credit – How Should You Pay?

Photo: Rareclass Trying to figure out the best way to manage your money takes some careful thought. One money management question we face everyday is deceptively simple–should you pay with cash or credit. On the surface the choice between paying with cash or using a credit card seems straightforward. Many of us make this decision […]

Published or Updated: January 17, 2012

A Review of – Online Budget Tool

I‘ve been a long time user of If you’re not familiar with Mint, it is a free online personal budgeting tool that allows you to see your whole financial life in one place.  Whether it’s checking, savings, credit cards, PayPal, investments, retirement accounts or many other personal finance accounts, is your one stop […]

Published or Updated: December 6, 2013

How to Invest with Just $25 A Month

When I started investing in the stock market back in 1993, my wife and I were dirt poor. I’d just graduated from law school, and our net worth was a negative $55,000. We still wanted to start investing, but we were faced with a big problem–how do you invest when you don’t have much money? […]

Published or Updated: November 24, 2013

How Half a Percent Can Ruin Your Retirement

Last year one of my largest expenses was one I never saw. I didn’t get a bill for it. And I didn’t have to pay it, at least not directly. But it still cost me a small fortune. I’m talking about investment costs in the form of mutual fund expenses. Mutual fund expenses present two […]

Published or Updated: June 10, 2013

Official 2012 Federal Income Tax Brackets

The final figures for the 2012 Income Tax Brackets have been confirmed by the IRS (pdf file). The current tax rate structure we use has been in place since 2003 and consists of 6 rates: 10%, 15%, 25%, 28%, 33% and 35%. These 6 tax rates will remain in effect through 2012, but we expect […]

Published or Updated: September 7, 2013

Beware of Debt Collectors Bearing Gifts

Photo: wajakemek | rashdanothman Imagine that you have unpaid credit card debt. That’s the bad news. The good news is that the statute of limitations on the debt has expired, so you are not legally obligated to pay. But your credit score has taken a dive, so getting more credit seems impossible. And then comes […]

Published or Updated: May 22, 2012

Reader question: Should you invest in a 401(k), a Roth IRA, or pay off credit card debt?

Recently a reader e-mailed me with the following question: I definitely do want to open a Roth IRA as soon as possible because I hear it’s typically better than the Traditional IRA. However, I’m not certain whether one should be putting money way in one’s 401K or Roth. As you can tell, I’m not that […]

Published or Updated: January 7, 2012

How to Turn Gift Cards into Cash

Did you ever receive a gift card to a store where you never shop? With the holiday’s behind us, you may be sitting on a lot of gift cards you may never use. One option is to re-gift them. But another option is to sell the gift cards online for cash. Buy and Sell Gift […]

Published or Updated: June 9, 2013

Advertising Disclosure: The credit card and savings account offers that appear on this site are from companies from which receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. does not include all credit card companies, banks, or all available offers, although best efforts are made to include a comprehensive list of offers regardless of compensation.