How to Create A Workable Budget in 10 Hours

Budgeting is a fact of life. Companies have a budget. Charities have a budget. Governments have a budget (though they often exceed it). Your household should have a budget too - one that is workable and sustainable. Budgets often bring up feelings of fear or boredom in people. Having, and following, a sustainable budget is essential to a strong financial foundation....more

Valentine's Day: Last Minute Gifts On A Budget

Some people really detest Valentine's Day. I am not one of them. However, there is no denying that Valentine's Day can get expensive, really quickly. The holiday is coming up in two days. Creativity becomes extra important when faced with a compressed time line and limited budget - so here are some things you can do to make Valentine's Day meaningful, romantic, and still affordable....more

It may be expensive to celebrate on Valentine's Day, but you can always do the nice ...more

How to Open an Online Roth IRA Account if You Only Have 10 Minutes

Last week I professed my love for the Roth IRA and listed six reasons why the Roth is the not-so-little retirement savings vehicle that could. Another great thing is that so many institutions make it very easy for you to open a Roth IRA online....more

Six Reasons Why Roth IRA Rocks

I love the Roth IRA. It is, in my opinion, one of the best and most convenient ways to save for one's retirement. I first started a Roth IRA in 2006 and have maxed it out ever since. Here are six reasons why Roth IRA simply rocks: ...more

My husband and I have each had one since about 2007 or so, maxing out each year.  So ...more

How to Write a Personal Investment Policy Statement in Just 10 Hours

An investment policy statement is a statement that defines your investment philosophy, objectives and risk tolerance over the long-term. Of course, the actual process of writing the statement may only take an hour or less, but the thinking that goes into writing a statement may take much longer. Companies, nonprofit institutions, and government pension funds have investment policies. The individual investor can also benefit from such a statement.The major sections of a personal investment statement may include:...more

How Much Is That Wine In The Restaurant?

I almost never order alcohol in restaurants because I have to drive home afterward (and cabs are expensive). That is a good thing, because I recently learned that wine is marked up 300% in restaurants over the wholesale price or 200% over the retail price (see WSJ article on wine pricing formula)....more

After seeing the very same wine on a menu that I had at home - I said to a waiter: "Man, you ...more

Resisting The Never Ending Wheel of Desire

Have you ever felt like you were spinning in a never-ending wheel of desire? That as soon as you conquer one area of spending desire, and finally develops the discipline to say "no" to that just-released video game or that new pair of shoes, another area of spending desire pops up....more

This is a really good post. I find myself always struggling with this. Wanting can be soo ...more

How to Calculate Your Net Worth

Net worth is an important metric in personal finance. Take everything you own (your assets - cash, investments, car, house, etc.) and subtract from that everything you owe (your liabilities - mortgage, credit card debt, car loans, student loans, etc.), and the resulting number is your "financial worth" (or net worth) at that point in time....more

Great tips at a perfect time of the year to be thinking about them. Thanks for the ...more

How to Check Your Asset Allocation If You Only Have 10 Minutes

Asset allocation is the practice of deciding how you divide your investments into different asset categories, such as cash, stocks, or bonds. (See SEC's investor publication on asset allocation for beginners)....more

I think this is fantastic information.  Asset allocation is said to be one of the key ...more

Personal Finance From Scratch

In the past few months, I've been cooking more - much more - at home and baking from scratch. Aside from the savings I've gained by making my own meals, cooking at home is better for you because you have more control over the ingredients (although when it comes to cupcakes... that conclusion might not hold. Butter is butter, right?). ...more

An excellent analogy.  And, I find, the more you get your hands dirty (learning more ...more