Millennials Know They Should Save, So Why Aren’t They Saving?

A recent survey conducted by Wells Fargo showed that 80% of Millennials say they understand the importance of saving. They believe in living below their means and they claim coming of age in the Great Recession has taught them how to survive tough financial times. This is great news, right? Seems like those media outlets […]

Loophole of the Day: Free Costco Membership For Everyone

For regular readers of my blog, you probably know how cheap I am by now.  Any time I have to make a purchase of significant value I make sure to weigh all my options and figure out if I really need that product.  Sometimes I’ll ask myself, will this product improve the quality of my […]

Burn Your Idols: You Don’t Need Financial Gurus

You can’t walk into a bookstore at the beginning of the year without seeing self-improvement, health and fitness, and “new year, new you!” books on displays plunked down right in front of the door. At our local Barnes & Noble, a table full of these kinds of books is literally about four feet from the […]

When Should You Hire a Cleaning Lady?

Now that I’m back working my day job, I have a lot less free time in my life.  I generally work online for 2-3 hours a night after work and that severely cuts into my TV watching and forces me to be a lot more efficient when it comes to managing my time.  So the last thing […]

How Much Should I Contribute to My 401(k)?

Four years ago, I knew very little about saving for retirement.  But I didn’t need to know anything yet, since I had just graduated and I was more worried about getting a job than saving for retirement.  Once I landed that great-paying job though and got my first paycheck, I had to decide how much […]

How Age and Personal Finance Affects Home Preference

The following article is a guest post.  If interested in submitting a guest post, please read my guest posting policy and then contact me. Buying your own property is probably as big a decision as getting married is for most people. Well, not as important, but it’s definitely up there. Anyways, what I’m simply trying to say is […]

March CPI down 0.2%: May I Bond Rates Announced

On Tuesday, the labor department announced the latest CPI-U numbers.  With these numbers, you can calculate the upcoming inflation portion of I bonds and determine whether it’s better to buy your bonds now or wait until May.  As you may know, I bonds are composed of an inflation rate and a fixed rate.  The fixed rate […]

5 Ways to Make Buying in Bulk Work For Regular People

The following article is a guest post.  If interested in submitting a guest post, please read my guest posting policy and then contact me. Buying items in bulk is almost always less expensive per unit than buying a single item. But a great deal in bulk is only a great deal if you eventually save money and spend […]

How to Cash in Your Change For Free with a CoinStar Machine

I’m sure you’ve seen CoinStar machines at your local grocery store and some of you may already use their services, but the hefty fee has always kept me away.  I typically pay for all my purchases with my Barclaycard, but for some reason I still seem to accumulate quite a bit of change. When I […]

Save Time and Money When Traveling Through Airports

Maybe I haven’t traveled in a while but when did airports become such a rip-off?  Just this month, I’ve traveled over 7,000 miles on 3 round trips with another trip to Philadelphia scheduled for next week and everywhere I go I can’t believe how expensive things are. I probably sound like a grumpy old man […]

Get a Guaranteed 4% Return on $5,000 thru Sharebuilder

I’m on a quest for higher returns(similar to TFB’s double bond movement) and so far I’ve explored peer to peer lending, binary options & REIT’s to name just a few.  There seems to be a ton of ways to earn above average returns but unfortunately, most of them also come with additional risk.  I’m looking […]

What’s the Best Way to Get to the Airport in San Diego?

I don’t travel much for my day job, but I do for my part-time gig(coaching).  This year we have trips planned to Vegas(x2), Philadelphia and Dallas along with a personal trip to New York.  Even though most of my airfare will be free thanks to Southwest(plus my companion), I’m still looking for ways to maximize my savings […]

An Argument for the Social Security Program to Continue

There are very few programs in the US which are understood less than the Social Security program.  You’ll hear a lot of mis-information about Social Security.  “You’ll never get what you put into it!”  “I’ll be lucky to get anything.”  So on and so forth.  The mis-information you hear contributes to giving the Social Security […]

Be Wary of Frontloading Your 401(k) Contribution and Losing Company Match

January is a great time to re-assess your retirement accounts.  It’s important to review your 401k contribution and at least consider re-balancing your accounts at the beginning of every year.  You’ve probably made a couple New Year’s resolutions so why not add this one to your list?  2013 will be the first official year I’m able […]

Reader Question: Is a 5% Return from a Secondary Market Annuity Too Good to Be True?

Reader PR writes in: “Harry, what are your thoughts on secondary market annuities?  I’m looking for some higher returns for my savings. Some of the SMA’s I’m looking at right now are returning 4 or 5%.  It seems like they are a pretty safe investment, but maybe I’m missing something.” I’ll be honest, when I first […]

Employee Benefits: Do You Have the Option to Purchase Additional Vacation Days

A lot of people are talking about employee benefits right now.  They are deciding which medical plan to choose(the answer should be HSA!), reviewing their investment choices and maybe even increasing their 401k contribution.  But I’m here to talk about a different type of benefit today: vacation days.  You might not think of purchasing vacation […]

Why The Average Investor Should Choose Index Funds Over Picking Individual Stocks

When it comes to picking stocks for a portfolio, the average investor is at a big disadvantage.  Now I’m not talking about investing in mutual funds, which can have big ol’ expense ratios baked into them.  I’m talking about good ‘old fashioned stock picking’, where you research companies, pick out which ones you like and […]