saving

Frugal Travel Moves That Backfired On Me

Sometimes the quest to save a few bucks only serves to bite you in the ass. If there’s one thing that living out of a backpack for six months taught me, it’s the importance of making smart financial decisions, often on the fly. Here are three instances in which scrimping ended up costing us…

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“Can’t We Talk About Something More Pleasant?”: Estate Planning for Millenials

Can’t we talk about something more pleasant?” asks New Yorker cartoonist Roz Chast’s aging parents, whose hesitance to discuss End of Life issues Chast captures in her upcoming graphic memoir. They are not alone: No one wants to talk about a subject that inspires either boredom (What will happen with our Social Security checks?) or terror (Who will raise the kids?) or some toxic combination of both (In what exurb will our bodies be interred to spend eternity alongside cars roaring by?)

The story of Mickey Rooney, who shuffled off this mortal coil on Sunday, is a good reminder to face down boredom and terror alike in an effort to keep one’s affairs in order. Otherwise your family members might turn into grave-robbing lunatics, claiming everything, including your corpse – especially perhaps if that is all you have to leave, as the Los Angeles Times reports:

Rooney’s trust didn’t have a dime. He owed back taxes to the IRS and the state Franchise Tax Board. He was estranged from most of his nine children and separated from his wife. He had disinherited everyone except one stepson, according to a will filed along with court papers that showed assets of just $18,000. …

After his death, his wife, Jan Chamberlin, and her son, Christopher Aber, contacted Forest Lawn and tried to move Rooney’s body against his expressed wishes, Augustine alleged in court papers filed Tuesday morning. Charlene Rooney said she and Mark received a call from Forest Lawn about the attempt a few hours after Rooney’s passing.

“Mickey was not even gone for a few hours, he had just left here on a gurney, and this ugliness started,” she said.

Rooney updated his will as recently as March 11th but missed the opportunity to include certain crucial details. Granted, he had a lot to remember. The actor had more wives than Henry VIII.

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Piggy Banks vs. Savings Accounts for Kids

At Motherlode, Ron Lieber wonders when the right time is for his kids to switch from saving money in a jar or piggy bank to a savings account at the bank. Lieber says there is value for kids to see their pile of money growing in a bank at home—money that they can actually hold in their hands if they wanted to. He points to David Owen’s book, The First National Bank of Dad which had a chapter on this argument

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Let’s Throw Some Money at Our Problems: March 2014 Check-in

It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.

Pull up those balances!

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Figuring Out a Career While Being Married to an Academic

Brooke is 27 and lives in a major city in the Southeastern region of the U.S.

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How a Critical Care Nurse Does Money

Linda is a 33-year-old ICU nurse who works at one of the nation’s top 10 children’s hospitals in Denver.

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Let’s Throw Some Money at Our Problems: February 2014 Check-In

Pull up those balances!

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Interview With a Person Who Paid Off $48,000 in Student Loans in Four Years

Marnie Gallowy! The Internets told me that last week—eight years after you graduated from our ol’ alma mater—that you paid off the last of your $48,000 in student loan debt. IS THAT TRUE? Are you a wizard?

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Some of Our Problems With Managing Money

At the Motley Fool, Morgan Housel looks at 77 different reasons people are bad at managing money:

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Seven Jobs in One Year

Last year, I had seven different jobs in the span of nine months. With tax season on its way, I’ve amassed a small stack of W-2s, and my 2013 federal tax return is beginning to reveal a strangely foreshortened image of my first year in New York.

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Did You Hit Your Goal for February?

So how did you do?

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I Bought a House When I Was 21

When I tell people that I own my house, and that I bought it when I was 21, they always want to know how could she afford it? I can see in their faces that they’re wondering if I’m a trust fund baby, if my rich boyfriend bought it with me, or if I secretly make money doing something tawdry. Nobody ever asks me that question, but if they did, I think they’d be disappointed in the answer. My secret: I just saved my money.

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