The Myth of ‘Good’ Debt vs ‘Bad’ Debt

You’ve probably heard of ‘good’ debt and ‘bad’ debt. Good debt is when we borrow to buy something that generally goes up in value, like a home. Bad debt is when we borrow for anything else, like a car, a boat, a meal, a dress, a cruise, a wedding and so on. Many teach that […]

Published or Updated: October 22, 2014

Should You Stop Saving for Retirement to Pay Off Debt?

debt-versus-retirement

Last week I published an article called Dave Ramsey Unleashed. I learned long ago that any post about Dave Ramsey will receive a passionate response from readers. Those that follow his financial teachings do so with “gazelle like intensity,” as Dave would say. One response that I received in both comments and email is that […]

Published or Updated: October 20, 2011

Dave Ramsey Unleashed: How to Apply Ramsey’s ‘Baby Steps’ to Grown Up Finances

Endorsed Local Providers

Dave Ramsey’s Baby Steps to financial peace have become a popular way to get control of finances. In case you’re not familiar with the Dave Ramsey approach to money, here are the 7 Baby Steps: $1,000 to start an Emergency Fund Pay off all debt using the Debt Snowball 3 to 6 months of expenses […]

Published or Updated: February 14, 2013

Is Budgeting Keeping You Poor?

personal-budgeting

It was the budget, with the spreadsheet, in the library–That’s who killed your finances. The dictionary defines a budget as “an estimate, often itemized, of expected income and expense for a given period in the future.” Budgeting, the quintessential money management tool, should identify where we spend our money so that we can make better […]

Published or Updated: September 20, 2014

Beware of Bank Overdraft Protection Fees

overdraft-protection-plan-fees

Bank overdraft protection programs, at first glance, seem like a great safety net to have in place. Should you overdraw your checking account, an overdraft protection plan can kick in to cover the shortage. And because the bank cleared the check, you avoid insufficient funds fees that can hit $35 and the embarrassment and headaches […]

Published or Updated: September 26, 2014

9 Tips to Declutter Your Finances

simple-personal-finance

Lately I’ve become overwhelmed with clutter. Everything from my office to my home to my finances is filled with unnecessary stuff. And all this stuff creates stress and reduces efficiency. Just the other day my wife and I spent one hour searching for two bills that, as we eventually learned, were at the bottom of […]

Published or Updated: September 20, 2014

Google’s Tip Jar–Vote for Your Favorite Money Saving Tip

Goolge just recently launched what it calls the Tip Jar. The Google Tip Jar is a collection of money saving tips that are ranked by the web community. You can submit your own tips and vote for your favorites. This past December, before Tip Jar was launched, I received an email from a product manager […]

Published or Updated: December 8, 2011

70 Government Websites About Money You Should Bookmark NOW!

Government websites provide a wealth of information about money related topics. But finding what’s out there can be a chore. So this resource provides links to 70 government websites about everything from finding a job, to buying a home, to paying for college.

Published or Updated: April 9, 2014

How to Set SMART Financial Goals

There is only one thing worse than not setting financial goals–setting ineffective financial goals. A perfect example of a worthless goal is, “I want to achieve financial freedom.” While it may sound good, we don’t know what financial freedom is, so how will we know when we have arrived? A slightly better goal is, “I […]

Published or Updated: August 30, 2014