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What Goes Around Comes Around: Rising Interest Rates Are Inevitable

Last summer my 12-year-old daughter, Nina, was extolling the fashion virtues of her hot pink Converse Chuck Taylor All-Star high-top sneakers, better known to many as simply, “Chucks.” What I found...

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100 Words On: Why It’s Time to Eliminate the Penny

Last month, Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now....

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I Just Made the Biggest Impulse Purchase of My Life (but It’s OK)

Yesterday I did something I rarely ever do: I threw all caution to the wind and, as a result, I made the biggest spur-of-the-moment purchase of my entire life. Believe it or not, I spent $2462.35 on a...

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100 Words On: Why You Should Resist Borrowing from Your 401(k)

Roughly 3 in 10 people now borrow money from their 401(k) retirement plans. Generally, you can borrow half your account balance — up to $50,000 — for as long as five years. True, it’s among the...

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The 50 Biggest Money Mistakes Household CEOs Make

As this penny illustrates, even the United States Mint occasionally makes money mistakes. I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up...

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No, I’m NOT Rich. But I Am Financially Free. Here’s How I Got There.

Let’s face it, the more choices we have in life, the richer and more rewarding it becomes. Fortunately, I’m currently in that coveted sweet spot where I can do pretty much whatever the heck I please,...

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6 Basic Steps to Help You Achieve Financial Freedom

Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely. In order to gain financial freedom, you have to be free of debt,...

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Essential Tips for Lowering Your Grocery Bill (Part 2)

Food isn’t cheap. Want proof? Then chew on this: I spent almost $12,000 in groceries last year for my four-person family, including two teenagers. And what’s really scary is that I work very hard to...

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Dear Diary: How I Fixed My Water Heater Without a Plumber and Saved $400

Recently the Honeybee alerted me to the fact that our hot water heater was making popping and cracking sounds that she had never heard before. This got me a bit worried because the heater was...

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The Unconventional Wisdom of Household Strategic Planning

My son, Matthew, is quickly approaching his 16th birthday and so I’ve been giving him a few driving tutorials. I haven’t let him get behind the wheel just yet — that’s on next month’s agenda — but it’s...

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The 4 Biggest Ways to Stretch Your Income

The other day I was talking to somebody (who, um, shall remain nameless) who was lamenting the fact that he couldn’t find enough discretionary income for an annual family vacation. I found that...

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18 Personal Finance Facts You Didn’t Know About US Presidents

It may seem hard to believe at times, but the 44 Americans who have had the good fortune to be called “Mr. President” are really no different than the rest of us. Oh sure, sitting US presidents may be...

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How to Find A Low-Priced Plumber That Won’t Rip You Off

I’m not a plumber. In fact, I’m not very handy around the house at all. If I can’t fix something with a hammer or screwdriver I prefer to pay somebody else to do the work. That’s why I decided to get...

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Economic Collapse 101: What It Will Look Like, and How It May Start

It takes courage to face the bogeyman. I bet many of the good folks in Great Falls, Montana, were more than a little worried earlier this month after a local television station there sent out an...

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100 Words On: Why a Penny Saved Is More Than a Penny Earned

I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if...

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True Story: How a Broken Washing Machine Fixed My Finances

Readers: Awhile back I received a message in my inbox from Steven, who lives in the United Kingdom. He agreed to share his story with you. I hope you find it as inspiring as I did. — Len Last November...

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Economic Collapse 101: Ten Ways to Prepare for the Unknown

Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times,...

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9 Important Tips for Managing Financial Risk

Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net. For years, Wallenda had performed his dangerous stunts countless...

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A Simple Trick for Getting Credit Card Interest Charges Waived

Congratulations if you can figure out the connection between this picture and the story. There are those who steadfastly insist that credit cards are evil, and that credit card companies are greedy...

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Why Sneaky Package Size Reductions are No Longer Fooling Consumers

The Honeybee will tell you that this guy and I have at least one thing in common.Not too long ago I was preparing a recipe from an old cookbook that called for a couple of 7-ounce cans of tuna. After...

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