financial sacrifice

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 [...]

Some parents worry about the double edged sword of teens and work.  On the one hand, there is some research that suggests teens who work might get lower grades.  On the other hand, a teenager who works will probably learn some important life skills.  Should your teen work?  What is more important – grades or [...]

The first-time home buyer tax credit extension cleared a hurdle in the Senate today with a 98-0 vote, and it could be a done deal if approved by the House this week. All over the U.S., there is an increasingly heated argument over the benefits of the First Time Home Buyers Credit and this extension. [...]

Today I am not going to write about making side income, frugal living, investing, or any of the usual stuff. Instead, I want to share something that has been on my mind for the past few days. Consider this the “get to know me better” article.
Why I Started Moolanomy…
I started Moolanomy in mid-2007 for three [...]

In this Ask the M-Network article, David admitted that he’s in a lot of debt and asked if he should take up his dad’s offer to get him out of debt. Should he count on dad to bail him out, or should he get out of this financial mess on his own? Here’s the question [...]

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 [...]

Last week, Moolanomy’s Extra Income Guide was featured as part of the 25 most helpful articles written by PF bloggers, and it was also part of the Free Money Finance March Madness, Round 1, Posts 1-4 competition.  Thank you Bob and FMF.  It’s an honor to be included in the list and be part of [...]

My son is almost a year old, so I am interested in the topic of teaching children about money management. I think teaching them about money can build a solid foundation that will result in a lifetime of financial well being.  I have been reading various articles on this subject and here is my spin [...]

This guide is intended to provide readers with ideas, how-to’s, and resources on frugal living and expense reduction. It will explore aspects of frugality and provides practical ideas on how to save money and reduce your expenses. Spending less than you earn is the core component of good money management, and a vital part of [...]

About a week ago, Mrs. Micah wrote What My Parents Did and Didn’t Teach Me About Credit and Money Management and that got me thinking about financial lessons that I learned from my parents.  I can definitely say that I didn’t learn anything about investing, budgeting, or building alternative income streams from my parents.  They [...]