Running a small business requires some serious frugality when it comes to expenses. Especially if your business is relatively new, you want to make sure you are getting the most for your money while still being able to put some aside for savings. This can often be difficult when we get into old spending routines, … Read more6 Ways Your Small Business Can Save Money
We all know (or should know) that having an emergency fund is a good thing, and I think most people would agree that the best place to keep your emergency fund is in a high yield savings account or a short-term CD. However, I try not to keep a lot of money in my emergency … Read moreNegative Real Return: What is Your Real Rate of Return?
Traditional IRAs can give you a tax break and grow tax-deferred. Roth IRAs are funded by after-tax money and grow tax-free. Along with your 401(k), IRAs will likely constitute the bulk of your retirement savings. But IRAs can also be used for non-retirement purposes. If you’re buying your first home or paying for college, you … Read moreIRA Withdrawal Rules: Penalty-Free Withdrawal From Traditional and Roth IRAs
Fixed annuities have a lot of appeal to people who have a distaste for market fluctuations and like to play it safe. By purchasing a fixed annuity you invest a certain amount of money and in turn either receive checks periodically or take home a lump sum at the end of the term — e.g., … Read moreThe Pros and Cons of Fixed Annuities
As the economy gets better, I am beginning to see balance transfer offers in the mail more often. One of the best offers right now is the 0% balance transfer for 18 months from Discover it™. Balance transfer is a tempting option if you’re in debt and want to transfer your balance from higher interest … Read moreShould You Transfer Your Credit Card Balance?
One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued on your investment. On the other hand, compound interest can work against you — for instance, as finance charges … Read moreThe Amazing Power of Compound Interest
To the average person, forex, otherwise known as foreign exchange or simply FX, is one of most enigmatic trading markets in the world. Seemingly contained among the elite banks of the world, why would an average person ever want to venture into the Forex market? Image via Wikimedia Commons Forex Market First, we will explore … Read moreHow Does Forex Trading Work?
If you want to build your credit, a common dilemma is you need a good credit to get a credit card. If you’re a student, you’re in luck because you can typically apply for a student credit card and start building your credit profile. Otherwise, getting a credit card to build your credit could be … Read moreCan a Prepaid Debit Card Help Your Credit Score?
While traditional brick and mortar banks can be very convenient, they can rarely compete with the higher interest rates offered by their online counterparts. Personally, I think these online high yield accounts are the best place to stash your emergency fund and save up for your short-term goals, such as, saving money for down payment … Read moreHow to Choose the Best High Yield Savings Account
I spend a great deal of my life talking, thinking and writing about money. We are all familiar with the oft-repeated biblical phrase that says the “love of money is the root of all evil”. It is important to understand that “money” is not the emphasis here, but rather the “love of” money. We are … Read moreCould You Survive Without Money?