Tales from the Wallet – Buying a Home

Tips on Buying a Home | Corporette

How does buying a home affect your finances?  How can you best prepare for it?  This is a huge topic, but we’re going to attempt to take it on as part of our Money Milestones series, which explores how a few big milestones in your life can really affect your finances.  So far we’ve looked at wedding budgets, how to financially prepare for a baby, and how to pay for grad school.

This can be a tricky issue, and we’ve covered a lot of the hows in my last post on owning property (where we also discussed whether to buy a home when you’re still single), as well as in our discussion on where you live is one of the biggest money decisions you make. Some thoughts on how to prepare for and survive a home purchase:

[Read more…]

Tales from the Wallet: Stashing Your Cash

where to keep emergency fundManaging your money can be one of the most important things you do when you’re just starting a job — but it also can be super difficult.  We’ve talked about the importance of an emergency fund, but we haven’t really had a good conversation about where to stash your money in general — a high-yield savings account? CDs?  Treasury bills? The stock market? (Pictured: Emilio Pucci Print Flap Wallet, available at Nordstrom for $295.) (As always, please keep in mind that a) these are huge issues with a lot of nuances, and many personal finance sites, magazines, and books do a much better job with them, and b) I am by no means a personal finance guru — this is just some common, fairly basic knowledge that I’ve learned over the past 10 years or so.)

Before you decide where to save your money, though, you need to know the answers to some important questions first, though:

1) How much money do you need to live on before your next paycheck comes? What money is needed to pay recurring bills that will come due before then? [Read more…]

Weekly Roundup

Liking these posts? Follow Corporette on Twitter — this is the edited version of what we’re reading! (We also Tweet if we hear about a good sale.)

2– One of our favorite fashion blogs has a new monthly feature:  editorial items under $50.  Fun!  [The Daily Obsession]

– Very interesting profile of the current White House social secretary:  the stylish Desiree Rogers, descendant of a voodoo priestess with unparalleled connections in Washington.  [WSJ Magazine]  Incidentally:  The Obamas have a Flickr account? Awesome.  [The Daily Obsession]

– The sisterhood of female lawyers:  will it crumble as more women become bosses?  [WSJ Law Blog]  Similarly: is the recession good for female lawyers? [Above the Law]

– Does Wall Street prefer women CFOs? [The Glass Hammer]

– How to find the right CD or money market account. [Get Rich Slowly]

– Mmmn: gummy bears that are good for your skin.  [Makeup Loves Me]