11 February 2010

Personal Finance Equations You Should Know: the Savings per Month Ratio

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We’ve all heard our parents say over and over again that we’re supposed to save 10% of our paycheck, but now that you’re all grown up, have you actually taken the time to calculate just how much of your monthly income — if any — that you’re actually saving?
Even if …

5 February 2010

Personal Finance Equations You Should Know: the Cash Flow Equation

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Paying bills is a fact of life. We all have them, and we’re required to pay them. Otherwise, after a few months of not paying them, you’ll probably find yourself sitting in a cold, dark house with no electricity, no water, and probably not have a house/apartment to sit in …

20 January 2010

Should I Ignore My Raise and Save the Difference in Income?

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This personal finance question comes from reader Gary, who recently got a surprise promotion and a 20% raise after his boss left the company. He’s married, has a 2 year old daughter that his wife is caring for full time, has a monthly mortgage payment, two monthly car payments and …

12 January 2010

Visualizing How the Things You Own, End Up Owning You

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Due to the popularity of the visualizing how your stuff owns you post from several weeks ago, I thought it would be beneficial if I documented exactly how I use a simple monthly calendar and a few personal finance metrics to visually represent how many hours, days, even weeks, I …

8 January 2010

10 Signs You Have a Debt Avoidance Problem

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I drafted this article after spending two weeks of discussions with an old friend who finally acknowledged her debt was beginning to influence her behavior. By creating a budget and drawing up a plan to aggressively pay down her debt within 15 to 18 months, she now claims she can …

7 May 2009

Should You Adopt President Obama’s ‘Pay-As-You-Go’ Rule in Your Family Budget?

 Budgeting, Saving Money         2 comments

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Just out of curiosity, what would happen if someone as powerful — and popular — as President Obama asked U.S. citizens to do something radical… like save money?
Sounds a little far fetched right?  Just weeks ago, main stream media went out of their way to remind us it was our …

23 February 2009

Living Beyond Your Means: School Bus Driver Losing Her $800,000 Home to Foreclosure

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Every now and then you see one of those news stories that make you shake your head and say…
What???
CNN ran an all too common story today about a family who is, sadly, about to lose their $800,000 home due to foreclosure (see video below).
Such stories are becoming commonplace and subsequently losing their newsworthy …

24 January 2009

Cable Bills Too High? Disconnect, Renegotiate Better Rate or Watch TV Online?

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No wonder everyone is wondering why their paycheck disappears so fast.  The cost of everything seems to be doubling lately.
Especially when it comes to overpaying for cable TV.
Marc Hedlund (from the Wesabe Blog) posted a small, yet highly informative graphic that gave me one of those Aha! moments that …

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