How to Use Allowances to Teach Your Kids About Money

As parents, our number one goal is to raise our kids to be kind, compassionate human beings who can function in the world as independent adults. In the early years, we’re often focused heavily on those “kind and compassionate” terms. Our goal then is to teach kids not to hit, bite, or pitch fits. You […]


27 Ways to Make the Most of Your Holiday Bonus

Are you expecting a year-end bonus this year? Or maybe you know Grandma always gives cash for Christmas? Either way, you’ve got better things to do with that extra money than just blowing it all. Any time you get extra cash, it’s important to think about how it could help you get closer to your […]


HSA vs. FSA: Which is Best for You?

Consumer-driven healthcare plans are becoming more common, even with large employers who pay for some or most of their employees’ healthcare costs. These health plans are the kind that allow consumers to make more of their medical spending decisions. They also place more of the onus of paying for those decisions on the consumer. While these […]


Roth IRA Contribution and Income Limits for 2017

The IRS recently released its 2017 update to income and contribution limits for Roth IRAs. As detailed below, the contribution limits for a Roth IRA are unchanged for 2017 — they remain at $5,500. The catch-up contribution for those 50 or older, which is not indexed for inflation, remains $1,000. The income limits to qualify […]


How to Use Google Docs to Track Your Cash Flow

My husband and I have used many budgeting tools over the years, including Mint and YNAB. We still use (and love!) YNAB, but it left a hole for us: cashflow planning. Unfortunately, we’re still not accustomed to YNAB’s month-ahead spending goal. And that means that at some points in the month, our checking account ebbs […]


Is There a Difference Between Debt-to-Credit and Debt-to-Income?

When it comes to personal finance metrics, many important numbers are expressed as ratios. Two of the most common ratios you’ll hear are debt-to-credit and debt-to-income. They sound somewhat alike, so they’re easy to confuse. So, what do these terms mean? What’s the difference? And how are they used? Let’s check them both out. What […]