Archive for the ‘money-management’ tag
The Priority Pyramid Tells You Which Financial Goals to Tackle Now [Personal Finance]
Paying off debt, increasing savings, reducing taxes, investing for the future—with so many different money management goals to work on, it can be hard knowing where to focus your energy. MoneySense’s Priority Pyramid suggests the financial milestones you should address in order of priority. More »
How Budgeting Can Actually Make You Spend More (and What You Can Do About It) [Budgeting]
One of the golden rules of smart money management is to set up a budget and stick to it, right? Well, flying in the face of that common wisdom is this new study that shows sometimes budgeting backfires. More »
How to Get a Personalized Financial Plan Without Spending a Fortune [Personal Finance]
One of the best ways to get your financial affairs in order is to consult with a financial planner—someone who can answer questions about your specific goals and individual situation and guide you towards covering all your bases (from budgeting to saving enough for emergencies to consolidating student loans or planning properly for retirement). At $100 to $400 per hour to see a Certified Financial Planner, however, that’s out of range of many people’s budgets—or at least what most people are willing to spend. Money management site LearnVest offers an inexpensive alternative: unlimited email access for a year to a CFP for less than what you might pay for just one hour with an in-person visit. Here’s how it works. More »
A Cautionary Tale for College Students: The Five Dumbest Money Mistakes I Ever Made [Personal Finance]
When you’re just starting out managing your own finances, little things like paying your own bills, going to the bank, and even grocery shopping “like an adult” can feel empowering. But if you’re reckless and don’t pay attention to money management basics—or just don’t know any better—this is also when you can make the biggest money mistakes of your life. Take it from me, little grasshopper: One of the reasons I have such an interest in personal finance now is that I’ve broken just about every personal finance rule there is—not purposefully or knowingly, but just in the course of being young, foolish, and learning to manage money on my own. If you’re reading this now, you’re probably wiser than I was at the time, but hopefully you can still profit from my experience. More »
Personal Finance Goes Online
Several online money-management tools now helps users to monitor and keep track of their finances, pooling information from credit-card and bank accounts and categorizing expenses.