Important of money skills
Ten Red-Flags That Lead to IRS Audits
The latest issue of Money magazine has an article by Donna Rosato on how to file a tax return that won’t raise red flags with the IRS. Rosato writes: Some 12 percent of people admit they think it’s acceptable to cheat on their taxes. No wonder IRS Commissioner Mark Everson has made it his top priority to go after those who shortchange the government . These fe…
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Important of money skills
How to Get Out of Debt
I am a college student with $8,000 of debt. What is the first step in paying this off? Debt elimination involves three steps: Stop acquiring new debt. Establish an emergency fund. Implement a debt snowball. Here’s how to approach each step. (I’ll use Nick’s situation as an example, but the principles apply to everyone.) Stop acquiring new debt ( This ste…
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Important of money skills
You Can Negotiate Anything
In May, I wrote about how to negotiate your salary . I argued that following the advice in Jack Chapman’s Negotiating Your Salary: How to Make $1,000 a Minute is one of the best ways to improve your financial well-being. I still believe it. If you’re looking for work or looking for a raise, you should absolutely read his book. But negotiation is a skill you c…
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Important of money skills
Does Renting Make Sense?
Writing Your Money: The Missing Manual has been intense. I’ve spent a ton of time researching personal finance topics ranging from buying a car to funding a 401(k) to the relationship between money and happiness. My research has reinforced some of my convictions (index funds are the best investment for 99% of personal investors, for instance) but has toppled o…
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Important of money skills
More Money: 5 Ways to Earn Extra Cash in Your Spare Time
The discussion yesterday about how to earn money when you’ve lost your job got me thinking about ways to earn extra income outside regular employment. None of these are quick fixes, but they’re ways to generate cash in your spare time. Get a second job A second job can be an excellent way to earn extra money if you have the time and energy. Why have a seco…
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Important of money skills
16 Ways to Eat Healthy While Keeping it Cheap
This is a guest post by Mehdi , author of StrongLifts.com . If you enjoy this post, check out his site. Eating healthy is important. Eating healthy: Lowers disease risks Increases productivity Gives you more energy Makes you stronger You probably think eating healthy is expensive. I’ll be honest — it is. But there are tricks to spare your savings acco…
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Important of money skills
How to Stop Buying Clothes You Never Wear
This post is from GRS staff writer April Dykman. A couple of years ago, I had a Great Closet Clean-Out. My clothing racks and drawers were overflowing at the time, and some of it still had price tags. Hoping to accomplish that European knack for owning less and looking better, I donated, consigned, and gave away about 75 percent of my wardrobe. Today it’s 100 …
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Important of money skills
Building a Personal Finance Library: 25 of the Best Books About Money
I frequently get e-mail from people seeking book recommendations. Most messages are like the one Cody sent yesterday: “What is the first book that I should read that tells me how to invest?” These are easy to answer. In January, Bobby asked a broader question: I was wondering if you have a list of PF books that you have in your personal library. I use the libr…
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Important of money skills
Credit Card Basics: How to Choose a Credit Card
A credit card can be a useful tool or it can be a dangerous weapon. Most of this depends on you — the best credit card in the world won’t help if you spend beyond your means. American adults carry $3,752 in average credit card debt . I lived a decade mired in it and I don’t recommend it to anyone. If you’re responsible, however, a credit card can be both conven…
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