How to Create Budget in Five Minutes


One of the reason people often cite for not make a budget is the time it takes to create one. You don’t want to miss out on the immense benefits a budget offers just because…

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The Benefits of a Budget


A budget can help you create smart habits where you are aware of the impact of the financial decisions you are making, eliminate guess work and make you more confident about your finance. Budgets don’t…

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Passive Income Assets


Passive Income – getting money without having to work for it. In reality there is nothing like true passive income. You have to either take some financial risk by investing in assets that can lose…

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Roth IRA


Note: (Updated on 8th January, 2013)I have tried to make this the most comprehensive single article on Roth IRA.  After reading this article you will know what is a Roth IRA? Is Roth IRA right for you?…

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2013 Roth IRA Income Limits and Contribution Limits


Roth IRA is a retirement plan that one can open and make after-tax contributions. Qualified distributions from the plan are tax free and can be a good source of tax-free income in retirement. You can start making…

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Payday Loans Alternatives


Payday loans, arguably the most hated personal finance instrument/ service that exists today. If not hated, there is practically no love for it. And there is good reason for the sentiment. Payday loans can charge…

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Roth IRA Frequently Asked Questions


This is a collection of all the questions we get frequently asked about Roth IRA. If you have any question you would like us to address, please use the contact form and send us your…

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Monday Reader Question: Are Teenagers Spending Their Money Wisely?


Starting today I am starting a weekly series of QnA. If you have a question you would like me to address, please use the contact form. I respond to all emails. A reader sent me…

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Roth IRA Conversion


Converting to a Roth IRA is a very easy and simple process. This article is an overview of the Roth IRA conversion rules and process. In order to make new contribution to a Roth IRA, income…

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Simple Budget Template That Works


We all know that creating a budget will help us bring discipline to our spending and help us in achieving our personal finance goals. Yet many of us don’t make a budget. We think about…

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Save money on holiday gifts


With the holiday season just around the corner, everyone is looking to buy gifts. With so much shopping, it is easy to spend more money than you had anticipated. Sure you want to buy gifts for everyone…

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Ten ideas to save money today


It just feels like a day where I would like to save some money for me and for you. If you have some money saving ideas, share them with me in the comments sections. 1. Pack…

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I like spending money on these things.


When it comes to spending money I am disciplined but that does not mean I don’t spend money or I am extremely frugal. You really don’t have to become extremely frugal for saving money. You just have to cut expenses where…

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Sell Old Items to Make Money


Do you know what a “two-for” is? It’s when you get “two-for-one,” and that’s what you get when you turn your unused belongings into cash. By taking stuff you no longer need and converting it…

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How to Teach Your Kids to Spend Wisely


  Amongst all the things that you can give your kids, educating them about finances is one of the best gifts ever! Your kids will most probably emulate one of you. Hence it’s more than…

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How to Teach Your Kids to Save and Invest


Wouldn’t you love it if the alphabet for teaching kids were ‘I’ for Investing and ‘S’ for saving! We all would! Apart from the fact that most parents don’t really spend enough time talking to…

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Teach Your Kids How To Earn and Save Money, Before They Turn Teens.


Remember how you had to teach your kids to eat, drink, write, read…..just about everything? In the same way it’s imperative that you teach them how to save money. Kids, out of their innocence will…

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