Posts for Money Under 30


Understanding Overdraft Protection and Fees

From Money Under 30
March 12, 2010 at 3:09 pm
At one point or another, it’s happened to nearly all of us: For one reason or another, we spent more than our available checking account balance. And most likely, we wound up ... (more)

Bracketology on a Budget: Enjoy March Madness without Going Broke

From Money Under 30
March 9, 2010 at 10:18 am
Ah, March Madness. It’s the time of the year when the men in my life go missing until early April, returning often with a broken heart and always with an empty wallet. If you’ve ... (more)

Home Mortgage Interest Deduction: What You Need to Know

From
March 5, 2010 at 10:21 am

Want to save thousands on your taxes? Consider buying a home. Without a doubt, the home mortgage interest deduction is a major perk of home ownership: the mortgage interest you

... (more)

How to Organize Your Finances in Three Simple Steps

From
March 3, 2010 at 11:53 am

Pop quiz: Do you know how much cash you have in all of your bank accounts, right now? How long would you take to determine how much you spent on groceries and how much you contributed

... (more)

Should You Use a Mortgage Broker or a Bank Loan Officer?

From Money Under 30
February 26, 2010 at 11:06 am
Shopping for a mortgage can be intimidating. There are thousands of mortgage lenders and hundreds of ways lenders can tweak home loans to distort their real costs. You’re also ... (more)

The New Credit Card Rules and You

From Money Under 30
February 23, 2010 at 11:32 am
The CARD Act—a set of new regulations designed to limit credit card trickery—went into effect this week even though Congress proposed the act over a year ago. Since then, there’s ... (more)

Should You Save First for Retirement or a Down Payment on a House?

From Money Under 30
February 22, 2010 at 11:10 am
Last week, a long-time reader e-mailed a superb question: If you must choose, should you save first for retirement or save for a down payment on your first home? Obviously, both ... (more)

Four Common Investing Mistakes

From Money Under 30
February 17, 2010 at 10:24 am
Savvy investors know that a single mistake can wipe out months—even years—of solid returns. And beginning investors often make their share of the same four common blunders. ... (more)

Watch Out For The Alternative Minimum Tax

From Money Under 30
February 16, 2010 at 1:25 pm
Picture this: You’ve just completed your tax return for the year. You’re stoked because you qualified for a ton of deductions this year, so you’re getting a huge refund. ... (more)

The Secret to a Lower Credit Card APR

From Money Under 30
February 12, 2010 at 9:30 am
Do you have a credit card that raised your interest rate within the last year? You’re not alone. Credit card companies raised nearly everybody’s APRs because as of this month, ... (more)

Itemized Deductions: A Beginner’s Guide

From Money Under 30
February 11, 2010 at 10:26 am
Have you ever wondered if you can itemize deductions on your tax return? Actually, have you ever wondered what, exactly, itemizing means? If so, you’ve come to the right place. ... (more)

Economic Bubbles: What They Are, Why They Happen, and Why You Should Care

From
February 10, 2010 at 11:24 am

You don’t need a Ph.D. in economics to know that economic bubbles—and their ensuing POPS!—can take us all for a wild ride.
Bubbles occur anytime asset prices appreciate

... (more)

Is Investing Gambling?

From Money Under 30
February 8, 2010 at 10:31 am
There is a thin line that differentiates investing and gambling. We might consider professional gamblers—poker players, for example—a breed of speculative investors. ... (more)

When to Sell a Stock

From Money Under 30
February 4, 2010 at 4:36 pm
To make a successful investment, you must know when to buy and when you should sell. The reality is that there are only a handful of companies worth holding onto for long periods ... (more)

Finance 101: How Do Banks Make Money?

From Money Under 30
February 3, 2010 at 9:44 am
Have you ever wondered why your checking account is free? Obviously, it’s not because your bank is feeling charitable. Big banks make big money. The kind of money that leads ... (more)

13 Inexpensive Date Ideas

From Money Under 30
February 2, 2010 at 9:33 am
Last week, I wrote about how dating can get costly as you grow into your twenties and I offered some tips for learning how to avoid spending a lot on dating. This week, I’m back ... (more)

How To Calculate Your Monthly Payment

From
February 1, 2010 at 9:14 am

Have a student loan, home loan, or personal loan? Have you ever wondered exactly how your lender calculated your monthly payment on the day you accepted the money? Sure, there

... (more)

Waging War on Wall Street?

From Money Under 30
January 29, 2010 at 9:46 am
Just over a week ago, the Obama Administration waged war on Wall Street. President Obama has proposed financial reform that would limit the size and activities of the largest ... (more)

Don’t Let Dating Drain Your Wallet!

From Money Under 30
January 27, 2010 at 9:55 am
It’s an age-old conundrum: How do can you make a good impression on a date and not spend a lot? Still in college? Then a night out at “Quarter Draw Thursdays” ... (more)

Seven Precepts to Prosper By

From Money Under 30
January 25, 2010 at 10:50 am
So, you want some answers. On priorities: I’m 25. What should my financial priority be? On saving: How much should I be saving if I earn $45k? On spending: Can I afford that ... (more)

The Future of ETFs

From Money Under 30
January 23, 2010 at 10:30 am
This past week, the Boca Raton Resort & Club hosted the Third Annual Inside ETFs Conference, the world’s largest exchange traded fund (ETF) event with over 750 participants. ... (more)

Five Poor Reasons to Buy a Home

From Money Under 30
January 21, 2010 at 9:00 am
Buying your first home is a serious and exciting event. It takes patience, money and responsibility to be ready to buy a home, but buying the property is only half the battle. ... (more)

Your Money Ratios Book Review

From Money Under 30
January 20, 2010 at 10:34 am
As a financial writer, I try to do one thing above all else: Make intimidating financial topics easier to understand. Sometimes I succeed, often I fail, but my goal is always the ... (more)

What Are the Chances of Being Audited?

From Money Under 30
January 19, 2010 at 9:00 am
The stress of tax time comes from organizing paperwork, crunching numbers, meeting deadlines and—oh yes—that slight but persistent possibility of having somebody go ... (more)

Roth IRA Conversion: Not for Everybody

From Money Under 30
January 18, 2010 at 10:54 am
If you want to get the most bang for your retirement-buck, it’s time to read up on an popular but confusing tax-saving tactic, the Roth IRA conversion. A Roth IRA conversion ... (more)