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.

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

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

Pull up those balances!

Let’s Throw Some Money at Our Problems: October 2013 Check-In

OK! Let's throw some money at our problems.

Getting Renters to Save

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

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

Pull up those balances!

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.

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.

Access to Credit and the Poor

In the NYT Times Magazine, economics reporter Shaila Dewan looks at how credit card debt helps low-income people. For one thing, having access to credit and demonstrating an ability to pay back money you borrow builds a better credit profile that helps people save money over time.

A Financial Adviser Plans Her Holiday Spending

I am frequently asked for suggestions on saving money over the holidays, so I thought I’d share some ideas that have helped me.