Money basics: Save it. Know it. Grow it!
We created this site to help with your personal finance needs … in simple language even beginners can understand. But also tips more experienced folks might find useful. Saving. Managing. Investing. Even DIY tips around the house.
It helps to understand finance & financial terms, along with investment options that make the most sense for you. And ones that offer the level of risk and return that feel most comfortable. While some people play the market like Vegas [Continue]
In simplest terms, opportunity cost is about lost value that comes from making one decision over another. Usually it's about monetary loss, but there are opportunity cost examples that involve emotional or other types of personal loss.While we … [Continue]
I recently gave up my subscription to Max (HBO) even though they have a lot of great programs. I mean it was only $9.99 a month with ads. That's not much, right? Well, not when you already have so many subscriptions.And not when you're trying to … [Continue]
Today I saw diversified investing in action. I own two tech stocks that have been fairly strong over the years. Well, today one of them had bad news and one had great earnings news beyond what was expected. … [Continue]
A friend recently asked me some pretty basic banking questions. Part of me was surprised, but I realized that a lot of people don't know much about banks. Mostly she wanted to know what to do with some money she saved. But she also worried about not … [Continue]
Years ago I worked with a woman who didn't believe that saving money now matters. She had fabulous clothes. Designer furniture. Treated herself to dinner out most nights. And … [Continue]
So what exactly is credit? Credit lets us make a promise to pay in the future for something we really want, but can't quite afford to pay for now. It's a gateway from wanting to actually having. But how do you make credit work for you without it … [Continue]
Ah ... financial market language. All those terms you hear finance folks toss around as if they actually meant something. Well, of course they do. Once you get clued into the lingo.I was raised in a small town with very little exposure to any … [Continue]
While it's easy to rant and rave about how banks make money, I'd like to rant and rave a bit about how investors handle THEIR money. You do have choices for what to do with your "liquid" (easy to access without stock market worries) money. But I know … [Continue]
A friend of mine wrote to ask me why the value of his stock mutual fund is higher than the simple difference between what he paid for it a few weeks ago and the current price that he sees listed now. So I said the difference is the dividend.He … [Continue]
I'm writing this for everyone who has ever lived in a noisy apartment -- and couldn't afford to move. Or for whatever wishful-thinking strategy kept waiting for it to magically stop. But it doesn't. And even a day feels like an eternity.If you've … [Continue]
I'll admit I was a little nervous about opening an account with Ally. First, I never worked with a bank that was online only. Second, I didn't know much about Ally bank, although I had heard of it. Could I trust it with my money?And I know I'm … [Continue]