Why I Chose a Roth IRA Over a Traditional IRA
Roth or Traditional? For many latecomers to the retirement game, this question is a puzzling one. For me, it was simple – the Roth IRA. Why? Because my mom said so. I kid, of course. The appeal for the Roth IRA has been contagious ever since it came into existence in 1998. Personal finance gurus [...]
How Federal Rate Cuts Affect Your Savings Account Interest Rate
So for the past two years, we’ve watched the Dow Jones tumble… and 401k’s emptied… and people lost jobs… and banks collapse… and foreclosures everywhere… and so much more. With the constant bombardment of dismal financial news, one thing we often hear and read from the media is: the Fed has cut rates and is [...]
A Frugalist’s Guide to Buying and Owning a PS3
Looking to get the hottest selling video game console of 2009 and want to practice frugality while doing so? Here a guide that I’ve created from my experiences of purchasing a PS3 system along with games and accessories. I hope these tips will help you with reducing the stress on your wallet. Getting the System [...]
Coupons, Discounts, and Sales Do Not Mean You Are Saving
We all flash that smile when we know that we purchased an item at a bargain price. Saving money never made a customer unhappy. But, just because we caught a deal from coupons, discounts, or sales does not necessarily that we are practicing the sound financial principle of saving. Deal and Bargain Finding Websites I’ve [...]
Do You Save Before You Spend or Spend Before You Save?
Without the intention of beating this question to death, I am asking through the perspective of a financially responsible individual. After landing a job and receiving my paycheck, it was “personal finance blogger” instinct to immediately move some money into the savings account and the Roth IRA. Then, I thought: I’m quite able to resist [...]
