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

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 you don’t […]


What Are Seasoned Funds for Your Down Payment?

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 a home […]


The Required Minimum Distribution

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 never be an […]


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 […]