2019 Update: We still stand by these thoughts on stashing your cash for your emergency fund — but you may also want to check out our more recent discussion on emergency funds, as well as our money roadmap to know what order to do personal finance tasks in. Managing your money can be one of … Read More about Tales from the Wallet: Stashing Your Cash
You may not realize it, but where you live is one of the biggest money decisions you make — it can impact YEARS of savings because it’s such a pain to move. So it’s worth asking yourself — can I have a roommate? Do I really need a 1-bedroom or is a studio OK? Do I need to live in the trendy part of town or should I live somewhere cheaper?
We’ve talked about budgets before, but we haven’t really discussed how to live within your means, which is a bit of a different subject. So let’s discuss. (Pictured: Burberry Medium Nova Pop Dégradé Wallet, available at Burberry for $275.) I think living within your means is a bit like packing a suitcase: you have to … Read More about Tales from the Wallet: How to Live Within Your Means
This started out as a post about how to pay off debt, and I realized as writing it that the huge question is thus: When should you pay off debt? So let’s talk about it. As I’ve mentioned before, I generally led a charmed life (as far as debt is concerned) in my 20s — … Read More about Tales from the Wallet: When to Save, When to Pay Down Debt
Readers got into this discussion a bit in the comments to Monday’s resolution post, but I thought I’d continue the discussion here, because I think it’s a worthwhile one. So let’s talk about setting and sticking to a budget… First, I would say that not everyone needs a budget. Your goal should be to spend … Read More about Tales from the Wallet: Setting (and Sticking to) a Budget
Reader A, a CPAA with 12 years of experience, writes with some great questions… How does one negotiate a good compensation package? I have only ever worked for local firms. The salary data online seems to reflect “big 4” or equivalent pay scales. I have talked to a few headhunters and they all seem to … Read More about Tales from the Wallet: Negotiating a Great Salary
2014 update: you may want to check out our latest discussion of emergency funds. We noticed that our post on savings seemed to be a popular one, so we thought we’d start another discussion on money and investing. Today we’re wondering, dear readers, about your emergency funds: how did you calculate the amount, how do … Read More about Tales from the Wallet: The Emergency Fund
Wow, we were not expecting that response to the “how much do you spend on clothes” thread — among a lot of our friends we’re the cheapskate. (We run with a lot of well-dressed ladies!) Keep in mind, however, that we haunt the sales — as we tried to make clear, there’s a difference between … Read More about Open Thread: Let’s Talk Saving