If you’ve lived on a tight budget for a while because you’ve been out of work or gone back to school, it’s a little bewildering to start drawing paychecks from a new job. You may feel rich, but your wealth will be determined by your budget rather than your income. [More]
As 2010 winds down, your April 2011 self will thank you for making some moves to lighten your tax bill and set your finances in order for the year ahead. Decisions you make in the next few weeks will have implications that last for months. [More]
Mint was the cool kid on the financial website block until it cut its hair and went corporate, but the Intuit-owned service can still roll out some nifty features now and then. The latest is a “goals” dashboard, which takes advantage of our natural tendency to try harder if there’s some way to see immediate feedback. Under your account there’s now a goals tab, where you can activate any of the default choices (“get out of debt,” “take a trip,” “buy a home”) or create your own (“laser hair removal,” “pvc bodysuit”). Then you can link your accounts to that goal, and have a quick visual metric you can use to stay focused. [More]
Adam Baker at Get Rich Slowly suggests you’ll be able to better stick to a budget if you pick one non-essential hobby or interest instead of cutting them all out. The key to figuring out whether or not it’s something worth “wasting” money on is to identify any hidden benefits, and then to make sure there aren’t hidden drawbacks. [More]
Chances are you’ve got forgotten food supplies in your pantry, writes Herb Weisbaum, so why not feed your family some old food for a week and ban yourself from the grocery store? The woman in Weisbaum’s article tried it out, and found that there were enough unused items that when she was forced to make do, she figured out a way. [More]
Over at the Mint blog they’ve posted a list of 10 ways to reduce your car insurance premium. You’ll want to contact your current insurer and ask some questions, like whether they offer a discount for paying up front, or if they’ll cut you a deal for being a long-term customer.
Sears and Toys R Us are among retailers who have brought back layaway programs to help boost sales, reports Eve Mitchell at the San Jose Mercury News. Not all stores think it’s worth the effort, so you won’t find it at JCPenney, Target, or Walmart. However, if you want to use layaway at retailers that don’t offer it, there are now websites that can help.
Yesterday I grabbed a notebook app for my smartphone and spent a couple of hours organizing the various content folders—ideas for Consumerist, gift lists for Christmas, things to look up later on a computer—so that I could capture information more efficiently. Wait, why s ths n Cnsmrst? Because The Simple Dollar argues that by keeping a notebook and using it all the time (Lifehacker calls it “ubiquitous capture”), you can end up saving money.
The Federal Reserve has released data on consumer debt for August, and for the 11th month in a row we’ve paid down credit card debt and increased savings. Take that, rate-hiking credit card companies!
If you don’t know about the Carnival of Personal Finance, it’s a weekly round-up of interesting posts from the glut of personal finance blogs and websites that now litter the web. I discovered two of today’s posts—the 23 debt-saving tips and the the alkaline-vs-rechargeables story—through the most recent Carnival.