The True Impact of 529 Plans on Attendance, Affordability, and Financial Aid

True Impact of 529 Plans

I’m at the stage in life where I get a lot of positive pressure to put money aside in a 529 college savings account for our children. If you have children, I’m sure you get the same pressure. If you’re like me though, you took action and you opened up a 529 plan and have [...]

Making Money Make Sense with Jean Chatzky’s Money School

Jean

It may only be spring, but it’s the perfect time to go back to school. You all know the importance of learning positive money skills. However, it can be difficult to know where to start with the overwhelming amount of money information available. That’s why NBC’s TODAY Show financial editor Jean Chatzky has decided to [...]

Do You Have What it Takes to Complete the 52 Week Money Saving Challenge?

The 52 Week Money Saving Challenge

A week or so ago an interesting image came across my Facebook wall. It was the picture below of the 52 week money challenge. You guys know I’m all over the “52″ concept. So today I thought I’d share my thoughts on the 52 week money challenge and see how many of you would do [...]

How to Make Personal Finance Stick – The Shower and the Shovel

Shower Cake

“Why is it I always get my best ideas while shaving?” –Albert Einstein We knew what to do. Debt was bad. No debt was good. Yet, we were socking away money in a 1% money market account rather than paying off the 6% student loans or the 7% mortgage. In our minds, my wife and [...]

The Secret to Becoming Your Own Financial Expert in 2013

Become a Financial Expert Like Me

Are you an expert? Do you rely on anyone else as an expert? I was recently featured in GoBankingRates.com’s 12 Days of Finance poll to find the most popular personal finance expert of 2012. I’m flattered to be listed in the poll. But it’s crazy that I would even be on the same page with [...]

What NOT To Do At the End of the World

End of the World Mayan Calendar

You can hardly have missed the hubbub over the supposed end of the world coming on Friday, December 21, 2012. This date is the end of the Mayan calendar, representing the last day of the 13th b’ak’tun. (A b’ak’tun is a period of time equaling approximately 394 years, and 13 of them equal roughly 5,215 [...]

How to Pay for College if You Started Saving Too Late

How to Pay for College

I was talking with a friend the other day and she mentioned that I have a lot of good information on PT Money aimed at new parents who would like to help their kids save for college. She said, however, that she was interested in my opinion on what I would do if I were [...]

Our Current Savings Goals – Nov 2012

Ways to Make Extra Money

It’s time once again to share our savings goals. I try to do this annually. Last year I randomly updated in November, so I figured I’d stick to that randomness. If anything, this can be seen as a end-of-year tax planning guide and a way for you to explore new things for you and your [...]

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The Pay Yourself First Concept: Are You Applying It?

Pay Yourself First

You’ve heard the phrase “pay yourself first” before, right? Are you doing it? Are you paying yourself first? It’s one thing to agree with this idea in theory, but let me tell you from experience, it doesn’t magically happen on its own. You’ve actually got to put it into practice. You pay yourself first by [...]

7 Mistakes We Make When Trying to Save Money

Keep Calm and Keep Saving Money

Want to save more money? Maybe for a house down payment or a newer car? Then don’t make these mistakes. Here are some of the more common mistakes we make when trying to save money: 1. Not starting sooner and re-addressing needs when life changes. Individuals should be saving as soon as they land their [...]

Open Letter to a High School Graduate

Graduate

When I receive graduation announcements in the mail from friends and relatives, it automatically takes me back to my own high school commencement. The excitement of completion and the anticipation of college is like no other. But I also remember how unprepared I was to begin making my own decisions about banking, saving money, spending [...]

3 Lessons to Learn Before Your Next Family Emergency

Emergency Ambulance

On February 9, I got a call from my stepfather that my mother had gone into the hospital. The bad cold we thought she was suffering from turned out to be acute pneumonia. Apparently, he had taken her into the hospital just in time. One more day without a doctor’s care, and it would have [...]