Budgeting & Personal Finance: Most Popular Articles
How much should you spend on groceries? Your home? Your vacation to France? The 50/30/20 rule of thumb helps you figure out if you're spending too much.
Want to double or even triple your money? This handy rule-of-thumb shows you how long it will take you to turn $10,000 into $30,000.
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Does your monthly mortgage bill put a serious dent in your budget? Here are four ways you can lower your monthly payment.
How much should you save for retirement? Ten percent? Twenty percent? The answer depends on the age at which you start saving, as well as your other sources of retirement income. Learn more in this article.
How much money will you need in retirement? Two popular rules of thumb outline the answer, but don't confuse one with the other.
Want to create $1 million dollars? If you start investing while you're young, you can. This article shows you how.
The S&P 500, the NASDAQ, the Dow Jones, the Russell 2000, the Wilshire 5000 - what is this stuff? Those terms get thrown around on the news everyday, but what do they mean, exactly? How are they defined and what do they represent?
Thinking of buying your first rental property? Here are two formulas that will help you evaluate deals.
How much should you set aside for home maintenance? Learn how factors like your home's age, condition, location and square footage can affect your budget.
Are you bored or restless on weekends? If you're feeling broke, you might spend the weekend staring at the TV -- or worse, you might bust your budget, paying for entertainment and distraction. Here's a better alternative: a list of 30 free or ultra-cheap weekend activities. Some are great solo activities, while others are good for the whole family. Check it out!
You'd love to pay for updated cabinets, countertops, faucets and vanities, but the cost of home remodeling is just too high. Try these 20 cheap ways to remodel your home in small, finishing-touch forms. Upgrade your cabinet handles and doorknobs. Change out those yellowing switchplate covers. See what more tips await ...
What's a millionaire? The answer is not as straightforward as you might expect.
This budgeting worksheet helps you track your earnings and your necessary spending.
Your budget is comprised of fixed and variable expenses. But what do these two words mean? How do they differ from necessities vs. discretionary spending?
How on earth can you afford to keep your kids entertained all summer? Activities like camp, sports and vacations are outside your budget. Find frugal fun with this list of free or cheap summer activities for kids.
There are a huge variety of methods for just about every aspect of money management, and co-mingling finances with your significant other is no exception. Learn three of the most common strategies that couples use when they decide to co-mingle their money.
Can you become a millionaire, even if you only earn a modest income of $30,000 or $40,000 annually? Yes, you can. Read this article to find out how.
If you're self-employed, how can you budget for taxes? Here are three tips.
Want to create a budget? These worksheets will walk you through making a budget with detailed, step-by-step instructions.
You had a late start in saving for retirement. What should you do? Here are 7 tips to guide you through a comfortable retirement, even if you started saving in your 40's.
Don't get caught off-guard by unexpected expenses. Learn how to anticipate once-a-year, once-a-decade and once-in-a-lifetime costs.
Want to double your money? The Rule of 72 explains how to double your money, without accepting too much risk, in a realistic 7 year time frame.
How much money should you have saved for retirement? Check out these age-related guidelines that help show you whether or not your retirement is on track.
You can have lots of savings goals - how can you keep track of them all? This worksheet will help you organize your savings and compare your goals to the rest of your budget.
Track your discretionary (your fun!) expenses here. Sorry to say it, but this category is the easiest place to hunt for savings.
Create a Budget – How to Make a Budget
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class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Sick of making
You and your partner want to maintain separate accounts. How can you equitably and fairly divide your expenses?
You’ve decided to start tracking your spending. How can you do this effectively? Here’s a brief explanation of why tracking your spending is an important practice, plus three tactics that people use to log their spending habits.
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How much money will I need to retire? Sometimes I open a magazine and see that I need $1 million or $2 million. Could that possibly be right? Check out this rough guide to getting a back-of-the-envelope idea of roughly how much you'll need when you retire.
You invest money in small amounts throughout the year. So how can you calculate your annualized returns? Discover your annual return through a formula called the Internal Rate of Return, or IRR. This article explains what IRR is, and how you can calculate it.
The 50/30/20 Rule says to spend 50 percent on needs and 30 percent on wants. But what's a want? What's a need? Is internet a want or a need? What about fixing a dent in your bumper? This article looks at the fuzzy line between
What habit do the majority of self-made millionaires have in common? According to two professors who study the habits of millionaires, the most millionaires make a budget.
Let's compare two popular debt payoff strategies: traditional
Retirement, college, celebrating your 25th wedding anniversary in Maui -- how can you juggle and balance your priorities when you have so many savings goals?
There's a lot of money advice floating around. What's the most important? This article outlines 11 rules for building wealth.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Youâve heard the
Are you a traditional employee who gets paid every two weeks? If so, design a budget around the assumption that you'll get two paychecks per month. During the months that you get three paychecks, you'll be able to throw your entire paycheck towards savings.
Visit Their Website Looking for a bank account that will help motivate you to save for specific goals?
Need help getting out of debt? Here are a few tips on that can help you eradicate your debt, regardless of whether you're struggling with a home loan, car payment or credit cards.
Are you a two-income couple? Living on one person’s income and saving the other is one of the most effective ways to ramp up your savings.
Confused or overwhelmed about retirement planning? Here are six easy-to-follow steps that can help you get prepared for your golden years.
Congratulations -- you've decided to make the switch to a one-income household. What factors will you need to consider? How can you make the transition as smooth as possible? Here are four tips to help you convert from two incomes down to one.
: Albert Einstein reportedly described compound interest as "the most powerful force in the universe."
The 50/30/20 budget is popular, but it demands that you track your expenses. Don't want to do that? Try an even easier approach: the 80/20 budget.
Contribution limits for IRA and 401k retirement plans are increasing, beginning in 2013. Eligible workers can now contribute $17,500 to their 401k and 403 retirement plans and $5,500 to their IRA retirement saving accounts.
How much money do you need to save for retirement? The answer depends on your expected annual expenses and your other sources of income, like Social Security and pensions.
Home interest rates are low, but you're locked into a higher payment. Should you refinance your mortgage? How much interest will you save? Learn the pro's and con's to refinancing your mortgage in this article.
Check out these four retirement savings tips for people 40 and over. The first tip helps you figure out how much money you need for retirement, while the rest of the tips help you find ways to earn more money.
You don't think of yourself as lavish. You're not dining at fancy restaurants or jet-setting to Europe. So where on earth is all of your money going?
I challenge you to a save-off! Games and competitions make saving fun. Saving money doesn't need to be based around deprivation. Check out these awards, prizes and challenges!
The myth that buying is always a better deal than renting simply isn't true. Whether it's a better deal to buy or rent your home depends on a wide variety of factors, including how long you expect to live at that location and the rent-to-purchase-price ratio of your area.
Curious about managing your money and making a budget? Here are answers to some of the most commonly asked budgeting questions.
Many experts say that you should plan to spend a percentage of your current income -- such as 85 percent of your present income -- in retirement. But a competing school of thought argues that you should plan for retirement based on the lifestyle you hope to enjoy, not the income you currently earn.
How can you make the most of your limited money? Budgeting -- at its core -- has almost nothing to do with dollars and cents. The heart of budgeting is aligning your values with your spending habits.
Let's say you want to earn some extra money, but you're not satisfied with hourly jobs that your teenager could do. You want to start a small business -- and possibly grow it to the point at which you could hire a few assistants. Here are 7 small businesses that require only a small amount of start-up capital and that you might be able to run part-time or seasonally.
Can someone on a tight budget take an extended vacation to New York City? One reader asked me this very question. In this article, I explain how I did it. Hopefully it will inspire you to be creative with your money - and take a budget vacation!
Learn the pro's and con's of Mint.com's budgeting app for Android phones.
The average couple spends $27,000 on a wedding, according to a recent report in USA Today. But why? What on earth could possibly cost so much? Why are weddings so expensive?
Popular financial expert Dave Ramsey, the host of the nationally-syndicated radio program The Dave Ramsey Show, suggests that you follow seven
You've found the person you want to share your life with. But should you share your bank account with them? Learn the pro's and con's of co-mingling finances with your partner.
Want to double your money? Of course. Here are three tactics that can help you turn that $100 into $200 ... without taking massive risks, winning the lottery, or falling prey to a gimmick.
Your personal budget should work for you. Learn seven steps to creating a budget you can use and how to make it work.
What are the key ingredients of a successful budget? What qualities cause some budgets to succeed and other budgets to fail?
Even if you buy a brand-new home, it'll be time to remodel your house at least a decade before you're done repaying your mortgage -- not because you want to, but because your roof, carpet, siding, gutters, paint, cabinets and water heater will probably be worn-out and in need of replacement. Learn about the many costs of owning a home, including buying appliances, maintaining a lawn and replacing things you've probably never thought about replacing, like bathtubs and faucets.
Travis wasn't sure if he could afford to take his family on a weekend getaway. But once he looked closely at his budget, he discovered that with a few small changes, his family could take the vacation of a lifetime ...
Want a budget that's not too specific, but not too broad? Use the 5-category budget.
: Albert Einstein reportedly described compound interest as "the most powerful force in the universe."
The IRS announced 2012 contribution limits to some of the most popular types of retirement accounts, such as the 401k.
How can you teach your kids to budget their money?
Do rich people need to budget their money? It's tempting to imagine people lavishing in luxury without paying a shred of attention to their bank account. But the reality is quite different. Here are seven reasons the rich should budget, too.
Did you know that couples who fight about money more than once a week are 30 percent more likely to get divorced? Don't let this happen to you. Here are some tips for (peacefully) discussing money with your spouse.
As Tony approached his 60's, he started realizing that he hadn't saved enough to retire, and now he was stuck. He pondered what to do. Years earlier, he had visited Costa Rica and absolutely loved it. He also remembered that it had a low cost of living. Tony realized he could rent out his home in Nebraska and use the rental income to enjoy a lower cost of living in Costa Rica. But did he dare? Isn't that a bit dramatic? Do other retirees do this? Find out in this article ...
Andrew Hallam is a high school English teacher ... and a self-made millionaire by age 38. In his book, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, he explains how he became a millionaire on a schoolteacher's salary.
I have so many goals - I can't keep track! What online banking programs can help me track my progress?
One of the best ways to improve your finances is to earn more. There's a limit to how much you can save. There's no limit to how much you can earn. Of course, earning more money in your spare time is tough. Are you trying to figure out what to do to make a little extra money on the side -- without quitting your day job? Here are 7 suggestions.
Irregular expenses are always emerging: you'll need to visit the dentist, buy gifts for your cousin's wedding or replace the tires on your car. Some of these you can predict, but some you can't. How do you budget for this?
An emergency fund will help you avoid falling into credit-card debt the next time an unexpected expense pops up. Learn why you need an emergency fund -- and find out how large it should be.
Congratulations -- you've made your final car payment! Don't run out to celebrate just yet, though. Sooner or later, you'll need another car. Why not keep making the same car payment, but direct it into a savings account earmarked for your next car purchase?
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Are you on a tight budget? Here are several ways to save, regardless of your constraints.
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Save hundreds off your grocery bill! Here are in-depth, actionable tips.
How much money should you spend on a wedding? The answer depends on how important a wedding is to you, relative to your other spending priorities: buying a home, paying for school, paying down debt, saving for retirement.
The number of one-income households is shrinking. If you want to defy the norm and transition into a one-income household, you'll need strong budgeting and savings skills. Here are five tips that can help.
Traveling is fun, but many people mistakenly assume it needs to cost a fortune. This article shows you how to take a budget-friendly vacation.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Motivational speaker
What's the ideal income that you'll collect each year during retirement? That's a crucial question: you can't know how much money you'll need to save for retirement unless you know how much money you plan to live on each year.
Most people create a budget by culling their spending habits to fit their income. But here's an unusual approach: decide how much you want to spend. Then force your income to match your spending desires. Learn the pro's and con's of these two methods.
Money management is about mentality, not just tips and tactics. This book teaches you how to fundamentally shift your mental framework about money.
Read the true story of how one 20-year-old balances her bills on a small, irregular income.
Bob puts his money in a passively-managed fund that tracks the 5&P 500 Index. Sheila puts her money in an actively-managed mutual fund. What's the difference between Bob and Sheila's investments? How will their fees, performance and expectations be different?
Budgeting is the art of setting priorities. Here are three expenses that should be at the top of your priority list.
What is variance, as it relates to budgeting?
It's simple to know how much you should save when you have a specific goal: a $10,000 wedding in 2 years, for example, or a $8,000 car in 1 year. But how can you save when you don't have a specific goal in mind?
How much of your retirement portfolio can you safely withdraw every year? Most financial advisers say that the answer is 4 percent, but lately there's been some chatter that you should plan to only withdraw 3 percent per year in retirement. That means a $1 million retirement portfolio will allow you to live on $30,000 - $40,000 per year.
Learn how to save money on all types of entertainment including movies, restaurants, sports games, concerts, live comedy shows and recreational shopping.
Taxes are one of the two only guarantees in life, to paraphrase a cliché. Yet each year, millions of Americans fall short of the funds they need to pay Uncle Sam. How can you make sure this doesn't happen to you?
With more than 2 million readers and 60 years of history, Kiplinger's Personal Finance magazine is one of the oldest and most well-respected authorities in personal finance publishing.
The ABC budgeting method is a simple, three-step plan to help you manage your money, pay your bills, set aside savings, and stick to your budget.
The Schwab app lets customers deposit checks instantly, through their smartphone or tablet, just by taking a photograph of the check. Why can't every bank offer this type of service?
Plan your retirement in 9 easy steps! Discover how much money you'll need in retirement, and then work backwards to figure out how much you should set aside every month for your retirement.
What's the 401k contribution limit in 2014?
What type of mortgage should you choose: fixed-rate, adjustable-rate, or interest-only? What other homeownership costs -- beyond the mortgage -- should you include in your budget?
Are you committing any of these eight budget-busting car habits?
Today Show financial editor Jean Chatzky picks up the phone to share her thoughts with About.com on retirement planning, paper-and-pencil budgets, and nearing age 50.
You're feeling pulled in a million different directions. You need to save for retirement, pay for your child's college, remodel your home and fix the transmission on your car. How can you prioritize?
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You've allocated a specific budget for your wedding -- perhaps $5,000 or $10,000 or $20,000. Regardless of the amount, how should you divide that money? Here are tips to help you budget your wedding expenses.
You're romantically compatible. But are you financially compatible? Here's a great way to launch into a big-picture conversation to make sure you and your mate are really right for each other -- financially speaking.
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Not sure what asset allocation means? Here's an explanation.
Most experts advise having an emergency fund -- but what, exactly, is this? Why do you need an emergency fund? When would you use one?
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Learn what to do when money is tight and your emergency fund just doesn't cover your expenses.
You have an irregular, sporadic income that comes from freelance or self-employment work. How can you budget in spite of this irregular income?
Do you have questions about what to do if you inherit an Individual Retirement Account (IRA)? Here are answers to some IRA inheritance FAQ's.
Have you never created a budget before? Are you wondering how you can start? Don’t worry. There are plenty of programs that make it easy for you to create a budget.
You're the type of person who doesn't want to create a detailed, line-itemed budget within a spreadsheet or using software. You'd prefer a big-picture approach. Here are eight tips that can help you budget in a non-traditional way.
Many people assume their expenses in retirement will be similar to their expenses today. Unfortunately, they don't anticipate all the costs associated with aging. Here are six unexpected major expenses that can hit you in retirement.
Financial experts are always saying that you should build an emergency fund. But when will you need to use this? What constitutes an emergency?
What are quarterly taxes? Who needs to pay it? When are the deadlines? How can you estimate your quarterly tax bill?
One of the best ways to save for retirement, especially if you're young or you're in a low tax bracket, is through the Roth IRA. Learn all about this special retirement savings account.
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You keep hearing people talk about 401k retirement plans ... but what, exactly, is a 401k? What are the tax implications? How does it help you save for retirement?
Choosing between being a stay-at-home parent or a working parent? Don't forget to factor the cost of going to work in your decision. Work-related expenses like gasoline, professional clothes, childcare, dry cleaning and occasional coffees or lunches out can take a pretty big bite out of your paycheck.
The true story of David and Lauren Weliver, an average middle-class couple from Portland, Maine who were shocked by the bills that started piling up after their daughter was born. Learn how they coped with a $1,400 monthly daycare, strollers, cribs, diapers, formula and other expenses.
Need more motivation to save and invest? Imagine all the opportunities that you're missing as a result of spending your money now, rather than later.
Want a sophisticated budgeting program that's also easy-to-use? You Need a Budget (YNAB) is a detailed program that helps you track your accounts. It's designed to be user-friendly, but also through.
There are dozens of different budgeting styles and techniques that suit a variety of tastes.
I occasionally hear people say that they don't ever plan to retire. They love their careers, and don't want to quit when they're 62 or 65. But that doesn't exempt them from needing to save for retirement. Here's why.
Perhaps you’ve heard of a ledger. People use ledgers to track their spending habits. But is a ledger the same thing as a budget? Or are these different concepts?
Do you think the rates provided by your service providers are set in stone? Think again! Negotiating monthly expenses can lower your rates and save you money.
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Personal finance expert Jane Bryant Quinn sits down for an exclusive interview with About.com, in which she sounds off about budgets, debt payoff, and building savings even if money is tight.
Having your first child? Here are some unexpected baby expenses that catch new parents by surprise, along with tips on how you can make room in your budget for these new expenses.
Learn four reasons why your budget does more than just tell you how much money you need to save and how much you can spend.
The Millionaire Next Door by Thomas Stanley and William Danko is one of the most classic books about money, personal finance and wealth-building. In this book, Stanley and Danko interview dozens of self-made American millionaires to discover their common characteristics.
You're young, you're single ... and you're finding that most financial advice isn't written with a person like you in mind. You can't relate to the articles that talk about saving for your kids' college fund, or paying off your mortgage. What advice is tailored to young, single people?
You don’t like the idea of documenting every penny that you spend and manually classifying it into different categories. Is there an automatic way to track expenses, other than software or websites? Yes. You can use different credit/debit cards and bank accounts for various types of purchases. Learn the pro’s and con’s of this simplified budgeting method.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Raise your hand
Should you borrow against your house, or take out a HELOC, in order to pay down a higher-interest debt such as a credit card?
At what age do you have to take required mandatory distributions from your traditional IRA?
Should I buy a more expensive home, so that I can take a bigger tax deduction?
Before you make any type of spending decision -- ask yourself this critical question.