LivingAlmostLarge

Not, me I’m a terrible shopper of food. I am probably better than average but not a superior couponer or even serious saver.  But this article in the New York times was interesting.  It seemed to target people like me. 
So the store manager interviewed runs a high end store much like Whole Foods, except it’s [...]

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So what happened this month?  Things were not good for our networth that’s for sure.  We kept our cash steady mostly because we still owe another $3k for DH’s next summer course paid for yesterday.  But we unfortunately lose $5k of 5% of our retirement portfolio.  Not a huge deal when you look long term, [...]

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There are many changes for Roth IRAs in 2008, so I want to enlighten you to them. 

People are able to contribute $5k/year without being 50. If you are 50, you can save an additional $1k or $6k total.
Income limits are increased for contributing to a Roth IRA, $101k for singles and $159k for married filing jointly (the [...]

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Do you need to save more money if you have a stay at home parent (SAHP)?  No.  If you use the 15% savings for retirement rule, it doesn’t matter if you make $50k or $100k.  15% is based on what you make.
Yes you will have more saved if two parents work in the household.  But [...]

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Our 2008 Roth IRAs are done for the year.  $10k for us in now put in.  The rest of the year will be spent saving for a contribution on 1/2/2009 of $10k.  Hopefully we’ll be able to do it.
Unfortunately we’re still waiting for our tax refund from 2007 and the rebate for 2008 will both [...]

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Do you need an Emergency Fund in your 20s?   Maybe.  This doesn’t sound like advice I would normally give right?  But here’s the deal.
 Most 20-somethings are in debt.  They either have student loans, CC debt, or car loans.  And in most cases these loans are way more than the interest given on a savings account. 
So the [...]

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I pondered my feelings of inadequate savings while in my 20s. It’s hard not to feel this way, because you have people telling you to pay off your mortgage, car loan, student loan, credit cards, etc.
But how do you save money outside of retirement? It’s next to impossible for DH and I to save more [...]

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Do you have trouble saving money? I do. People are probably scratching their heads wondering how and why do I have trouble saving. Well I like to spend money.
So to circumvent this bad habit and tendency, I have to automate everything. Our 401k is automated, ESPP automated, Roth IRA automated. I don’t see the money [...]

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How do you talk money with your spouse? MP Dunleavy’s newest NYT article discusses how she talks finances with her spouse. For them, they enjoyed a conversation in the car while driving. But rather than a serious talk they discussed light-heartedly about what potential future the would have if they had a windfall of money.
An [...]

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Another post by the Millionaire in the Making Series, featuring the Magtibay family. This family has a geat income, lives in a low cost of living area, and appear to have the ability to save a lot of money. Currently they have $180k in 401k, $23k in IRA, $14k in 529, $81k home equity, and [...]

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