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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >How much money
How much money will you need in retirement? Two popular rules of thumb outline the answer, but don't confuse one with the other.
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?
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 set aside for home maintenance? Learn how factors like your home's age, condition, location and square footage can affect your budget.
Thinking of buying your first rental property? Here are two formulas that will help you evaluate deals.
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.
Want to create $1 million dollars? If you start investing while you're young, you can. This article shows you how.
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 ...
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.
This budgeting worksheet helps you track your earnings and your necessary spending.
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!
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?
If you're self-employed, how can you budget for taxes? Here are three tips.
What's a millionaire? The answer is not as straightforward as you might expect.
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.
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.
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.
Want to create a budget? These worksheets will walk you through making a budget with detailed, step-by-step instructions.
Create a Budget – How to Make a Budget
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.
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.
Track your discretionary (your fun!) expenses here. Sorry to say it, but this category is the easiest place to hunt for savings.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Looking for more
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.
You and your partner want to maintain separate accounts. How can you equitably and fairly divide your expenses?
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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.
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.
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.
Let's compare two popular debt payoff strategies: traditional
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?
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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >One of the key
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.
Your personal budget should work for you. Learn seven steps to creating a budget you can use and how to make it work.
Budgeting is the art of setting priorities. Here are three expenses that should be at the top of your priority list.
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.
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.
Want a budget that's not too specific, but not too broad? Use the 5-category budget.
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.
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.
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.
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Retirement, college, celebrating your 25th wedding anniversary in Maui -- how can you juggle and balance your priorities when you have so many savings goals?
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!
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!
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.
You have an irregular, sporadic income that comes from freelance or self-employment work. How can you budget in spite of this irregular income?
: Albert Einstein reportedly described compound interest as "the most powerful force in the universe."
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.
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?
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: Albert Einstein reportedly described compound interest as "the most powerful force in the universe."
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.
Popular financial expert Dave Ramsey, the host of the nationally-syndicated radio program The Dave Ramsey Show, suggests that you follow seven
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Conventional wisdom
I have so many goals - I can't keep track! What online banking programs can help me track my progress?
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.
Finding it tough to stick to your budget? These three mental tricks can help.
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.
What's the 401k contribution limit in 2014?
What are the key ingredients of a successful budget? What qualities cause some budgets to succeed and other budgets to fail?
Curious about managing your money and making a budget? Here are answers to some of the most commonly asked budgeting questions.
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.
Learn the pro's and con's of Mint.com's budgeting app for Android phones.
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 ...
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.
Feeling overwhelmed by the idea of making a budget? Here's a very simple first step.
Save hundreds off your grocery bill! Here are in-depth, actionable tips.
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?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Motivational speaker
There's a lot of money advice floating around. What's the most important? This article outlines 11 rules for building wealth.
How can you teach your kids to budget their money?
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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >It wasnât long
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.
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.
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.
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?
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.
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.
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?
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?
Read the true story of how one 20-year-old balances her bills on a small, irregular income.
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.
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?
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.
Confused or overwhelmed about retirement planning? Here are six easy-to-follow steps that can help you get prepared for your golden years.
There are dozens of different budgeting styles and techniques that suit a variety of tastes.
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.
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.
The IRS announced 2012 contribution limits to some of the most popular types of retirement accounts, such as the 401k.
Learn how to save money on all types of entertainment including movies, restaurants, sports games, concerts, live comedy shows and recreational shopping.
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.
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?
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Traditional financial
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Money management is about mentality, not just tips and tactics. This book teaches you how to fundamentally shift your mental framework about money.
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?
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.
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.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >When most people
Want a calendar of events for managing your money? Check out this monthly money calendar that describes everything you need to do in January.
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.
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.
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.
How much house can you afford? How much life insurance do you need? How much should you save for retirement? Find the answers to all these and more.
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.
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.
What is variance, as it relates to budgeting?
Learn what to do when money is tight and your emergency fund just doesn't cover your expenses.
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.
Financial experts are always saying that you should build an emergency fund. But when will you need to use this? What constitutes an emergency?
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.
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.
You need to buy gifts this holiday season, but you're anxious about the price tag. Don't worry -- you can find plenty of personal, meaningful gifts at a low price. Here are 10 inexpensive gift ideas for the holidays.
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.
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.
Not sure what asset allocation means? Here's an explanation.
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?
Saving is NOT the absence of spending. Instead, saving is the intentional act of setting money aside for a specific goal or purpose.
When you're saving for retirement, you're making assumptions about how much money you want to spend, per year, during your golden years. But do you need to adjust this figure for inflation?
Spend Your Money on Creating Memories
What should you do if you've fallen behind on paying your bills? Here are eight tips.
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Most experts advise having an emergency fund -- but what, exactly, is this? Why do you need an emergency fund? When would you use one?
Motivation is crucial when you're trying to pay down debt, budget for a large goal, and save for retirement. Here are some tips that can keep you motivated to manage money wisely.
class="no-js" itemscope itemtype="http://schema.org/Article" > itemprop="description" >Myth: If you make
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.
You have many savings goals: you want to pay off your loans, send your kids to college, and you save for retirement. Which of these goals should you fund first?
Looking for a simple way to budget? Tired of how traditional budgeting methods allow you to overspend? Try the single-envelope strategy, which prevents you from spending beyond your means. It's also virtually effortless -- no complex classifying required!
What should you do if your own financial situation is rock-solid, but you see a friend who is struggling? How can you teach or inspire that person to take control of their money, make a budget, and live below their means?
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?
You've probably heard chatter about the Bush tax cuts, but maybe you're having trouble sorting fact from punditry. What are the Bush tax cuts? What happens if it expires? How does it affect you?
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.
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.
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?
How is a credit score calculated -- and more importantly, what can you do to build and maintain your credit score?
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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 ...
Plenty of articles discuss the methods people use to get out of debt. But to get out of debt, you need to tackle a few psychological obstacles, as well. Here's a rundown of some of the emotional preparation you need to do in order to face down your debt.