7 Reasons the Envelope Budgeting System is a Terrible Idea

Cash Budget

On its surface, envelope budgeting seems like a good idea. That is, until you try it. Believe me, I’ve tried it. And tried it. And tried it. And every time I’ve tried it, there’s some reason that envelope budgeting doesn’t work for me and my family. If you’re considering envelope budgeting because you think it’ll […]

Published or Updated: June 20, 2013

5 Free Simulated Stock Trading Tools

tradeMonster Simulated Stock Trading

Last week I was talking to a group of college students and recent college graduates. The topic was investing. “Has anyone here every invested in the stock market,” I asked. Nope. “Can anybody name a single mutual fund company?” Nope. But it was the answer to the last question I asked that made me laugh. […]

Published or Updated: June 24, 2013

6 Things You May Not Know About Renters Insurance

Apartment for Rent

Photo: StevenM_61 According to a 2012 study by the Insurance Information Institute, 31 percent of renters had renters insurance. Many renters don’t have insurance because they don’t know what it is and why they need it, or because they think they can’t afford it. Renters insurance is just as necessary as homeowners insurance, even though […]

Published or Updated: June 21, 2013

What Are Seasoned Funds for Your Down Payment?

Money in Hand

Photo: darrenleno With companies such as SMR Research predicting a quick rise in mortgage rates over the next couple of years, many first-time homebuyers are looking to snap up a home now. If you’re one of them, you may be struggling to figure out how to gather up a down payment so that you can buy […]

Published or Updated: June 19, 2013

The Required Minimum Distribution

Key Retirement Assumptions

Photo: Tax Credits All tax-advantaged retirement accounts have rules for something known as the Required Minimum Distribution. Basically, these rules are in place to ensure that you take at least a minimal amount of money in withdrawals from your retirement accounts once you reach a certain age. For many people, the Required Minimum Distribution will […]

Published or Updated: June 18, 2013

7 Little-Known Ways to Save on Airfare and Airline Fees

When it comes to airfare and airline fees, there are several myths that can cost you serious cash if you aren’t careful. Think booking as early as possible will guarantee the lowest fare? That’s just not true. Have you accepted checked bag fees as a part of flying? Actually, there are several ways around them. […]

Published or Updated: March 24, 2014

Tips and Tricks to Save Money on Travel

Travel is a big line item in my budget. My husband and I love to travel, and we try to leave the country at least once a year. In addition, we try to take one smaller trip within the U.S. To keep from breaking the bank with every trip, I’ve picked up a few tips […]

Published or Updated: April 21, 2014

Think Like a Frequent Flyer to Get the Most from Your Credit Card

Simply having a travel rewards credit card doesn’t mean that you are maximizing the benefit. While most of you probably know that these credit cards accumulate frequent flier miles, there are many lesser-known perks that could help you get the most from your credit card. 1. Read the Fine Print for Any ‘Secret’ Travel Perks […]

Published or Updated: April 3, 2014

Mutual of Omaha Bank Review

Mutual of Omaha Bank is a subsidiary of the century-old Mutual of Omaha insurance company, and, like its parent company, it’s known for its conservative values. This FDIC-insured bank offers a wide range of financial products and accounts, including a credit card, money market savings account, checking account and mortgage program. Though its values may […]

Published or Updated: March 24, 2014