7 Reasons the Envelope Budgeting System is a Terrible Idea

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 […]


5 Free Simulated Stock Trading Tools

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. […]


6 Things You May Not Know About Renters Insurance

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 […]


What Are Seasoned Funds for Your Down Payment?

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 […]


The Required Minimum Distribution

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 […]


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. […]