Here’s a fun question for today: what’s your vacation money strategy? What’s your overall strategy about vacations and budgets — how do you plan to budget while on vacation — and how do you pay for vacation? There are a lot of questions here, such as: Overall vacation money strategy: What do you consider getting … Read More about Tales from the Wallet: What’s Your Vacation Money Strategy?
Here’s a fun question for today: Do you think you spend more in certain seasons? How do your strategies for saving or budgeting change from season to season — and what do you think your biggest money challenges are for each season? For those of you at big law firms and companies with extensive summer … Read More about Tales from the Wallet: Seasonal Spending
Everyone knows saving for retirement is a priority, because retirement is important and compound interest is powerful — but are the tax savings for retirement accounts so great that you should use them to save extra cash, too, such as for a hypothetical future home purchase? When I was in my late 20s — unmarried, … Read More about Cash Savings vs. Retirement Savings Accounts: Where to Stash Your Money When You’re Unsure What You’re Saving For
Today’s topic in Tales from the Wallet: do you set financial goals for the year? I started setting explicit financial goals when I left my cushy BigLaw job a few years ago — I had been so comfortable there that I could easily move every other paycheck to an interest-bearing money market fund, and then … Read More about How to Set Financial Goals for the Year
A great roundup of posts to help you look more polished, appreciate more and stress less, organize, grow your career, socialize more, save more, pay down debt, learn about personal finance, eat better, and move more!
2018 Update: We still stand by this advice on how to react to a stock market drop, but you may also want to check out our recent discussion about whether you invest in stocks or index funds. Do you know what to do with your investments when the stock market takes a dive — how to … Read More about Tales from the Wallet: How to React to a Stock Market Drop
Ladies, what end-of-year financial steps do you plan to take in the next few months? Besides making sure to buy a new planner (if you’re a paper-planner person, that is) and finish your holiday shopping, another thing to do before the end of the year is to take time to focus on your financial situation. Besides quick things … Read More about 7 Financial Steps to Take Before the End of the Year
How much of your salary should you be spending on housing costs? What do you actually spend? We decided to devote a post to this topic after seeing an interesting discussion about readers’ rent/mortgage payments as compared to their incomes. Before getting to specifics about housing: The general 50/20/30 rule for budgeting is still commonly accepted advice. The guideline was made … Read More about What Should Your Monthly Housing Costs Be?
How do you prevent “frugal fatigue,” also sometimes called “savings burnout”? It’s that feeling that you’ve been scrimping and saving and you have no money and the debts are still there and you’re not getting anywhere and dammit you just want to not think about it and buy what you want for a little while? I know readers have talked … Read More about Tales from the Wallet: What to Do When You’re Facing “Frugal Fatigue”
I just saw a great study on this, so I thought we’d discuss — do you leave room in your budget to take advantage of sale prices? Do you do it in a disciplined way (“I have $300 to spend for fun purchases, no more!”) or is it just part of your budgetary cushion? Which … Read More about Tales from the Wallet: Leave Room in Your Budget to Take Advantage of Sale Prices
For today’s money feature, let’s discuss living within your means — how to make a budget and stick to a budget. What does “budget” mean to you? What tips and tricks have you used to set a budget, pay down debt, save money and protect against lifestyle inflation — and what alarm bells have you used to tell … Read More about Tales from the Wallet: How to Make a Budget
Ladies, we have a bit more than a month before (dunh dunh dunh) Tax Day. Are you done with filing taxes? (And, who is doing them?) Are you stressed about them? Are you looking forward to a refund? Are you nervous about how much you’re going to have to pay? For my $.02, I’m just starting to … Read More about Stressed About Filing Taxes?