I posed the question, “Are mutual funds or index funds better to invest in for the long-term” and I had quite a few people jump on me for my personal answer. At first I was a little ticked that no one saw my point of view, but then I began doing more research and [...]
I’ve found that people who have tried the envelope system but ended up hating it, made one common mistake. They made too many envelope categories. The envelope system of budgeting is exactly how it sounds. You create budget categories and set aside a certain money in each category and put it in [...]
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14 Mar
Posted by author as Budget Tips, Finance Applications
Yodlee has a powerful algorithm to categorize the transactions you make in your checking, savings, and credit card accounts. However, sometimes it puts something in the wrong category, or it doesn’t categorize a transaction at all. There is a way to categorize certain transactions you make throughout the month that Yodlee isn’t getting [...]
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13 Mar
Posted by author as Investing, Personal Development
I didn’t run a marathon last weekend, but it felt like it for someone who has never trained for long-distance running until this past January. I always played basketball when I was young, and basketball is a series of fast sprints, not methodical long-distance running. I ran in the Gate River 15k Run [...]
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12 Mar
Posted by author as Consumer News, Personal Development
I was reading this article by Jeffrey Strain from TheStreet.com and he gives five ways to help other people with financial issues from your own personal experiences with managing your money. One of the things he listed was starting a personal finance blog. This is what I did two years ago, and my [...]
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12 Mar
Posted by author as Question Of The Day
Do You prefer investing with index funds or mutual funds?
Some of you might not have an opinion about this, either because you haven’t started to seriously invest, or you’re not financially nerdy enough to care. But, I’ve found that personal finance advisors and bloggers differ quite a bit on this issue.
Personally, I [...]
11 Mar
Posted by author as Consumer News, Taxes
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After a lot of speculation. the IRS has finally sent out an official notice that cleared up a couple of questions people were having about the economic stimulus refund checks. I was right [...]
10 Mar
Posted by author as Credit and Debt, Financial Links, Spending and Saving
If you are a regular reader of this blog, then you know that I am a supporter of the teachings of Dave Ramsey. There are many bloggers out there who think that Dave Ramsey has too much of an “emotional” approach to personal finance and neglects the math behind personal finance. There is [...]
Here are some good articles to check out from March 1st through March 8th of 2007:
How Much House Can You Afford?
The Envelope Method for Teaching Children and Teens About Money
Finding The Right 529 College Savings Plan
This Week:
I’m going to give you some last minute tax tips, discuss the form that I received in [...]
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07 Mar
Posted by author as Budget Tips, Consumer News, Spending and Saving
Many personal finance bloggers have written great articles about the cost of owning a pet and ways to save money when owning a pet. I didn’t realize how much it really does cost to own a medium-sized dog. For one thing, if you don’t have children, that pet becomes like your child, so [...]