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When someone is first enter the world of finances, they will need to learn some new basic finance skills.  Unfortunately, many teenagers and young adults get to college without having a clue about some basic personal finance tasks.  You might make a lot of bad money choices, but if you have some basic financial knowledge, [...]

I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand [...]

A common lesson from a children’s story book has become one of the guiding principles for investing: “Don’t put all your eggs in one basket.” But lately, I’ve come across a few articles where people are questioning the wisdom of diversification. Today, we are going to ask the question – could you make more [...]

When it comes to money saving ideas, some people go way out of their way to save a dime while others casually use products that cost hundreds of dollars. For example, is it worth drying a piece of Saran wrap?  Some folks (mostly from a previous generation) would put the wrap on the window to [...]

Tired of spending money on things you don’t use or get very little results out of? I’m referring to your gym membership. Don’t get me wrong, I’m a big fan of gyms and love going to them, but when they cost an average of $33 per person per month, it comes down to a combined [...]

I recently read an article in The New York Times (hat tip for bringing it to my attention: MAPping Company Success) about the increasing trend of using real money to pay for virtual goods. The article also addresses the rise of credit, via a company called Kwedit.com, to pay for virtual purchases online. This article [...]

Seems these days everyone has an opinion on how to make money in the stock market. Only now it’s not just the stock market, there is options, foreign exchange, commodities and bonds. And it’s no longer just investing or trading. There’s swing trading, position trading, income investing and dividend investing. Yet I’ve barely scratched the [...]

We’ve all heard stories of guys who, after busting their hump for 40 years, kick the bucket at their retirement party or shortly thereafter. These stories scare the crap out of me and make me wonder about the idea of retirement, or on the flip side, working so hard to accomplish retirement. After all, what [...]

We in the personal finance blogosphere love to fill the internet with ideas on how to save money and discuss everything under the sun that you should not spend money on. Well, today, I’d like to discuss a few things that I believe are acceptable purchases.

If you have kids, you probably know that only health care cost increases can compete with the inflation seen by education costs. This means that you are probably going to need to do what you can to help your child get the college financial aid that he or she needs. Even if you have been [...]