According to news reports, 29% consumers plan to cut their holiday spending this year. It seems like every year, shoppers insist they won’t overspend this Christmas. They promise that they’re slashing their budgets. They promise they know how to control Christmas spending. Then the holiday spirit takes hold. Rather than questioning a purchase, shoppers just …
Christmas Spending: How Much to Budget This Holiday Read More »
In addition to some people opting to walk away from their mortgages, the temptation to default on student loans is growing. Unfortunately, defaulting on student loans can have even worse consequences than defaulting on a mortgage. So, let’s go over what will happen if you default, and options for avoiding default. What Qualifies as Default? The government …
‘Tis the season to start gathering your tax documents. Yeah, it doesn’t quite have the same ring as ‘tis the season to be merry, but it must be done nevertheless. Last week I tried to make a list of all the tax documents I need to gather or expect to receive, but I always worry …
I mentioned some of the new rules that were put into place with the CARD act, so you may be wondering, “Will these new rules affect my credit score?” In a word, no. Of course, it’s not entirely that simple, but the rules were not intended to improve your credit score. They were intended to improve …
Over the course of the last two weeks, mortgage rates “skyrocketed” from 4.85% to 5.45%. Some people are acting like this is the end of the world, but really it’s not. Although it will affect people’s bottom lines, in the long run it’s probably good for the economy. Higher Interest Rates and Your Current Mortgage …
The Roth 401K was introduced in 2006 as a counterpart to the Roth IRA. It was originally set to sunset in 2010, so most employers chose not to offer it. The sunset provision has been removed, so many employers are offering them this year. If your employer offers it, you should seriously consider switching into …
I never pay full price for clothes unless I’m buying a gift for someone else (and even then, I save if I can.) I know many people buy their clothes on consignment or at closeout stores like Ross and Marshall’s, but I’m not one of them. I always find shopping at these stores to be …
I’ve only recently begun filing FSA (flexible spending account) claims, but I’ve learned a few things on How does FSA works. How do FSA Claims works? So again, How does FSA works? Well, Here are some of the few things I’ve learned along the way. • Use Your FSA Debit Card If you have an …
Once again, we’re at the height of wedding season. We’re also at the height of engagement season. This week, I’m focusing on saving money on your wedding. Weddings are expensive, and many brides are looking for ways to cut costs, so I’ll look at the big things where you can save the most, as well …
Save Money on Your Wedding with a Wedding Budget Read More »
Today’s post is a guest post from Peter at Bible Money Matters. For the better part of a year I’ve been blogging about frugality and finances. As a side-benefit of blogging about money, we’ve ended up paying pretty close attention to our family budget. Because of our planning and attention to detail we’re doing pretty well …
