Archive for the ‘Saving’ Category

Here’s the one thing you can absolutely count on in this economy

Wednesday, October 28th, 2009

This economic downturn hasn't been kind to a lot of people.  Jobs that haven't been taken away from people have had their hours cut, their workload increased, or their cost of living allowances taken away.  Jobs that people used to be able to count on are on very fragile ground. If ...

Don’t worry about not being able to contribute more to your 401(k)

Monday, October 19th, 2009

Sun's Financial Diary reported that the 2010 contribution limit for 401(k) accounts will remain at $16,500.  The announcement came from the IRS Thursday.  There had been speculation that the contribution limit could be reduced in light of a decreasing CPI (and, indeed, the CPI is down from a year ago.) Sun ...

When is the right age to open a bank account for your kids?

Wednesday, October 14th, 2009

No Credit Needed is taking his oldest daughter (ten years old) to open her first savings account.  He and his family have been free of consumer debt for over three and a half years now and this is a milestone in how he's educating his children in wise money management.  ...

Here’s your ace in the hole for weathering this long recession

Friday, September 4th, 2009

Five Cent Nickel published a post that discussed what things to consider when you have both debt to pay and money in the bank.  The main problem is that the difference in what the bank pays in interest is far below what one would pay on a typical credit card ...