[The following is a guest post from Chloe Mulliner. She is a writer and editor for CreditSources.org, a website dedicated to information regarding personal loans and all things credit.] A recent 2013 Consumer Federation of America and VantageScore Solutions survey of 1022 Americans uncovered that many adults don’t know much about their credit scores. The [...]
First off, you are probably wondering what the heck the birth rate has to do with personal finance. Surprisingly, more than you would think. The main importance of the birth rate is related to Social Security and Medicare. If we travel back in time when Social Security was originally implemented, there were 5 workers for [...]
Becoming a parent for the first time is thrilling and terrifying on several fronts, not the least of which is budgeting. You know having a baby is going to cost you dearly in the wallet, but how much? Should you set aside $50 per month for diapers and other regular expenses? Should you anticipate dropping [...]
The post How to Budget When Having a Baby appeared first on Money Smart Life.
Your credit score and credit report may not be something you think about often, but the fact is, when it does come time to need your credit score, it really does matter. Your credit score and report is a reflection all of your past credit history. A credit card company or someone looking to give [...]
If you have looked at your 401(k) investment options recently, chances are you have noticed a list of funds that all have similar names with the exception of a year at the end of each. These “Target Date” funds were built as an all encompassing investment to help you plan for your retirement all in [...]
The post Are Target Date Funds Worthy of Your Portfolio? appeared first on Money Smart Life.
Partially. A couple of weeks ago, I wrote that Scottrade, my long-time stock broker is about to launch its own flexible dividend reinvestment program, which the brokerage firm says will be different from the traditional dividend reinvestment program (DRIP) that automatically reinvest dividends after they have been received without investors’ intervention. In fact, none of [...]
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When I started this blog, I wrote about the Smith Manoeuvre in the first month and implemented the controversial strategy in 2008. For those of you new to the strategy, the Smith Manoeuvre is where you leverage your home equity to invest in the stock market. I modified the strategy by first paying down my [...]
If you are like me when I’m broke the first thing I think of is how to save money fast. But why not change that mindset a bit and start thinking of ways to make money. There are so many different ways to make money. You can make money online, make money with photography, [...]
Claremont McKenna College (CMC) announced it will end its “No Package Loan” financial-aid policy beginning next fall for incoming freshmen,… Continue Reading
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A couple of years ago, set out to end cable box fees forever. That journey lead me to buy an HDHomeRun PRIME and hook it up a small computer running Windows Media Center. For a technology system consisting of a few parts it’s has actually worked out fairly well. There is an occasional hiccup where [...]
Ever wondered how to start a business, or better yet, ever wondered how to start a business with no money? In today’s competitive marketplace, it pays to be creative. Many times with no money in there pocket, businesses and savvy entrepreneurs are born. If you think you have the characteristics of an entrepreneur, but [...]
My friend Helen introduced me to Mystery Shopping about two years ago. I had heard about it, and was very curious (if not a little skeptical) about its potential in my money-saving toolbox. She mentioned in a conversation that she had not paid for an oil change in over three years. Boy did that pique [...]
When you lose your job, the first thing you need to do is update your resume. While it’s better if you update your resume periodically, even during your employment, sometimes a job loss catches you by surprise and you aren’t ready. If you are trying to figure out how to best update your resume, you’ll [...]
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While many will be heading to beaches and nightclubs this summer, more and more students are choosing to spend their… Continue Reading
The post Fun and Meaningful Ways to Earn College Credit this Summer appeared first on Frugal Dad.
This week, news regarding financial aid and paying for college has really focused on student debt — both how to… Continue Reading
The post Financial Aid News Roundup appeared first on Frugal Dad.
I have had a number of people ask me about Credit Karma. I have used it a number of times to check my credit score and like it, so I figured I would go ahead and write a Credit Karma Review for all of you. When people start to repair bad credit, they oftentimes land [...]
Politicians say the economy is recovering, but a lot of people are still living paycheck to paycheck. Can we save money without sacrificing quality of life? Sure – and here are some tips. Don’t Overpay for Convenience This is tricky one. At some level, nearly everyone pays for convenience. We don’t go down to the [...]
This week’s Free Money Friday offer is a good one for anyone who is saving for college because Upromise is offering a $50 sign-up bonus on their Upromise World MasterCard! Even if you don’t need to save for college, you can still get in on this bonus! How to Get Your $50 Open a Upromise [...]
Dating & Money @ Canadian Money Forum The Beginner’s Guide On How NOT To Start Investing @ Boomer and Echo Choosing the Right Index for Comparison @ Michael James on Money Is Coca-Cola the perfect dividend paying stock? @ My Own Advisor Six steps to avoid being a money moron @ Retire Happy Blog Should [...]
You look at your credit card statement. There’s a charge for about $700 from a merchant you’re not familiar with. “Honey, did you buy something from so and so for $700 last month?” “Why no, dear, I would never spend that much without talking it over with you first.” “Hmmm; I wonder where that charge [...]
A recently released report found that private colleges are keeping the poor in debt while giving wealthier students a leg… Continue Reading
The post Private Colleges Propogate Wealth Gap appeared first on Frugal Dad.
On account of our three year anniversary, I thought it would be a great idea to discuss the finances of a newlywed couple since it’s so fresh on my mind. Based upon the decisions that you made in the first article in this series, 6 Financial Topics to Discuss Before Marriage, there are several things [...]
In 2011, the number of seniors (people aged 65 and over) totaled 14.8% of the Canadian population. With the first baby boomers reaching the conventional retirement age of 65 in 2011, the retired pool of the population is expected to increase in the coming years. As more people retire, there is a good chance that [...]
It’s summer and you want to have some fun. But you also need to work and try to hang on… Continue Reading
The post Maximize Your Summer Savings appeared first on Frugal Dad.
That was a bit of a misleading title, huh? Any chance I had at being a baby model went by the boards around 36 years ago. However, 7-month old Little Man is just the right age. The idea to get Little Man into baby modeling occurred to me after watching this commercial for Kay Jewelers: [...]
