529 Plan

There are three laws of motion. Today I just want you to remember Sir Isaac Newton’s First Law.

“The first law says that an object at rest tends to stay at rest, and an object in motion tends to stay in motion, with the same direction and speed. Motion (or lack of motion) cannot change without [...]

In this article, I’ll break down the three components of saving, investing, and borrowing to accomplish your financial goals. Out of all the steps in Moolanomy’s Financial Success Plan, this step is without a doubt the most complex step. As such, I’ll keep this article at a high level, then later dive deeper into various [...]

An important factor in achieving financial success is setting good goals that you can work toward. Like traveling, you can get to where you want quicker if you know where you are going instead of wandering about aimlessly. However, you can’t just say that your goal is to retire rich someday. For a goal to [...]

As a new parent, I am sure you’re painfully aware of how expensive college is, and will be.  You may wonder how in the world are you going to save that huge sum needed for your child’s college education. This article is design to help you walk through each step — e.g., getting your finances [...]

I am thrilled with the announcement made by the New York’s 529 College Savings Program today. They finally decided to add an international investment option to their 529 Direct Plan. This new investment is called the Developed Markets Index Portfolio, which invest 100% in Vanguard Institutional Developed Markets Index Fund.
I think this is a really good [...]

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Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. In this article, I’d like to walk you through [...]

The financial terms below are commonly used throughout this web site.  Clicking on a term will send you to the term page with a brief definition and a list of articles related to the term.

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401(k)
529 Plan

Adjustable Rate Mortgage (ARM)
Alternative Income
Annual Percentage Rate (APR)
Annual Percentage Yield (APY)
Annuity
Arbitrage
Asset Allocation
Asset Location

Bond
Bond Fund
Budgeting

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Capital Gains
Certificate of Deposit (CD)
Commodities
Contribution Limit
Correlation
Credit Report
Credit [...]

Well, looks like we are having a rash of carnival crises here. Yesterday the host of the Festival of Frugality bailed and David at My Two Dollars bailed out the carnival with an emergency edition of the Festival of Frugality, and it’s our turn today! Here’s my quick and dirty bailout edition of the Money [...]

Last week was incredible in many ways.  Most notable were Lehman Brothers failure, Merrill Lynch sale, and AIG bailout.  The wild swings over the last five trading days definitely woke up a few people.  It’s times like these that we learn more about ourselves and help us understand if we really have our ducks in [...]