The Starter Retirement Plan

The savings vehicle is geared towards people who have nothing saved for retirement and want to get started.

The Best Cost-Saving Idea To Come Out Of College In Ages

When I was at college, a friend of mine, who went to another small liberal arts school nearby, told me that it was an annual underclass(wo)men tradition to go Dumpster diving when the seniors left and reclaim everything from discarded furniture to functional televisions. Well, some enterprising, think-big type University of New Hampshire students have taken that idea and standardized / monetized it.

My ‘Real Life’ May Be On Hold, But My Financial Goals Aren’t

For the past few years, I’ve been living what I fondly describe as a “temp-to-perm” life in New York City. Since moving to the U.S. from the U.K. in 2010, I’ve spent five years with one foot in each country. Even my visa can’t make up its mind—if you scroll through all the legal paperwork, you will find the phrase “dual intent.” While temporary visitors can be turned away at the border for divulging the slightest hint that they might want to make the land of the free their permanent home, my particular class of (non)immigrant has been given the federal thumbs up to spend months and even years testing the water before committing to a green card application and a lifetime of being mocked for the way we pronounce “tomato.”

Increased Income and Decreased Generosity

If you’re earning “enough” and you’ve got a little bit left over, and you’re only ever going to have a little bit left over, why not share some of what you’ve got? But now I’ve got more than a little bit left over, and I’m starting to think of my money as stackable units.

Living With Student Debt

My morning post yesterday about what our student debt loads are preventing us from doing may have been a depressing way to start the day, so I wanted to start today by talking a little bit about what my student loans haven’t prevented me from doing.

Millennials Having a Hard Time Saving Money

I Have a Savings Account for the First Time in My Adult Life

I am bad at saving money, though I really shouldn’t be. I have been in enough situations in my life where a savings account with anything in it would have been a great help, and while I consider myself excellent at budgeting (or at least having a very clear idea of how much is in my checking account at all times), I generally subscribe to the school of thought made popular by 2 Chainz: It’s mine, I spend it.

Getting Renters to Save

Josh Barro proposes a plan to get renters to save through a myRA-for-renters scheme.

Get Rich Slowly “If You Can”

Bernstein’s manual is as readable as his facts are sobering. (None of us have pensions! We’re screwed!) The most important thing you can do is to save 15% of your income starting at age 25, he says. It will get you in the habit of saving, which is good because, get ready, there’s lots more saving to do.

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