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What are Mutual Fund Expense Ratio and Fees?

A mutual fund represents money contributed by multiple investors.  That money is managed by an individual, or more likely, a whole slew of individuals.  Not surprisingly, those folks who help manage and oversee your money do not do it on a volunteer basis.  They get paid.  Do you want to guess who pays them?  You … Read moreWhat are Mutual Fund Expense Ratio and Fees?

10 Characteristics Necessary for Success (Mr. Rogers Style)

10 Characteristics Necessary for Success (Mr. Rogers Style) 2

We are currently in a time when too much emphasis is placed on grades.  Far too many graduating seniors believe that good grades lead to good jobs which leads to a good life.  However, there are many other attributes necessary for success. What is success?  This post isn’t about equating $200,000 a year and success.  … Read more10 Characteristics Necessary for Success (Mr. Rogers Style)

How to Write a Check and Balance Your Checkbook

How to Write a Check and Balance Your Checkbook 8

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, … Read moreHow to Write a Check and Balance Your Checkbook

The Secret to Spending Less Than You Earn

The Secret to Spending Less Than You Earn 18

If you read enough personal finance blogs, you’ll see a common theme and the number one answer to your financial dilemma — “Spend Less than You Earn”. Unfortunately, it’s easier said than done, otherwise, we wouldn’t have this rampant debt problem in our society. Fortunately, I went through this myself, and over the years, I’ve … Read moreThe Secret to Spending Less Than You Earn

Your Most Important Financial Decision: Choosing a Spouse

Your Most Important Financial Decision: Choosing a Spouse 21

I disagree with the common assumption that buying a house will be your biggest financial decision. I believe your choice of a marriage partner will be your single biggest financial decision.  Besides, who do you think is going to help you make the house decision? Therefore, make your spouse decision carefully.  The reasons go far, … Read moreYour Most Important Financial Decision: Choosing a Spouse

5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

5 Reasons Why Teens Should Work (Even if it Results in Lower Grades) 24

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 … Read more5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

Should Parents Have a Financial Double Standard For Sons and Daughters?

Should Parents Have a Financial Double Standard For Sons and Daughters? 26

I have two daughters and one son. They are all quite young (the oldest is four). At this moment when I look ahead to the future I am have the exact same financial plan for each of them. Currently, we financially treat them all the same. We save the same amount for college, buy the … Read moreShould Parents Have a Financial Double Standard For Sons and Daughters?