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Youth Accounts at Banks
Banks have long offered various types of checking accounts and savings accounts. Some of these accounts are actually fully developed products that are different from other offerings. Others are merely...
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Types of College Savings Accounts
When it comes to saving money for college, there are a lot of options. A parents saving money for children’s college fund there are different ways to title those accounts, jointly or otherwise. Believe...
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Your First Basic Financial Plan
As a former Certified Financial Planner, or CFP, I tend, like many other financial experts, to think (and write) in terms of the tricky, the convoluted, and the complex. The truth is that money and...
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Digit Review Scam Legit or Necessary?
Digit is an automated savings service. As always, my first question is Is Digit a Scam? Then, if Digit is legitimate, the question is what exactly does this online financial service do, and is Digit...
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Acorns Review Automated Investing Made Easy?
No sooner than had I finished my Digit review, than I saw an ad for another automated savings app on Facebook that takes a different tack for building up your savings automatically with the help of an...
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401k Fees at Supreme Court
Somehow I missed this until today. The Supreme Court is hearing arguments regarding a new(ish) law about 401k plans. Under something called the Employee Retirement Income Security Act (one of the few...
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Basic Retirement Plan Simple
Retirement planning is actually incredibly simple and straightforward for most people. However, it can quickly sound complex because of all the edge cases, exceptions, and possibilities that really...
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Do Young People Invest in the Stock Market?
Do Millenials Have Money To Invest? A recent Bankrate survey shows that just 26 percent of Millenials say they own any stock. That sounds about right to me. As a former financial advisor, I never...
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Budgeting Extra Money vs Extra Income
As a former financial planner in Denver, I get involved in a lot of interesting personal finance discussions. Recently, a writing colleague was remarking on the difference between getting money one...
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Acorns Investment Portfolio Review
Recently, I did a review of the Acorns app. If you are not already familiar with the Acorns savings and investing app, you should read that for an introduction to using Acorns first. Are Acorns...
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How To Start Retirement Savings
One of the things that comes up in financial planning is that getting all of the information and facts can be difficult. This, all too often, leads to financial paralysis where you don’t end up doing...
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Use Accounts to Save and Budget
I talk a lot about the psychology of money. The reality is that no matter how much something makes sense mathematically, it just may not work for most people because money isn’t just something we move...
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Target Credit Card – REDcard Rewards Review
A while back, we had a huge shopping trip at Target. It was a double whammy of buying nursery furniture, coats, some electronics, and so on. In the end, our bill was around $450. At this point the...
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Target Cartwheel App Saves Money
In a world where everyone constantly tries to get you to use their app, I was surprised to find out that Target has a discount, savings app that I didn’t know about. While in Target looking at...
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Power of Compound Interest – A Case Study
Over at MarketWatch recently, is an interesting article entitled Make Your Kid Rich for $1 a Day. I’ll let you go over there and read the particulars if you are interested. However, I think that the...
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Personal Finance Index Card Advice
Back in 2013 on a show, a professor named Harold Pollack made the suggestion that everything the average person actually needed to know about personal finance could fit on an index card. He “proved”...
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Keep the Change Automatic Savings Program Review
As a former Certified Financial Planner, I can tell you that from a financial advisor standpoint, nothing is better than automatic. Automatic savings, automatic investing, automatic 401k, automatic...
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myRA IRA Review – Safe and Legit
No matter how helpful the government could potentially be to its citizens, it typically won’t/can’t get involved in finance because there are huge lobbying dollars behind financial services companies....
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Ibotta Review Cash Back for Buying Stuff
A friend of mine keeps going on about Ibotta. For those of you who don’t know, Ibotta is a shopping app that gives you cash back rebates for various items you buy. What makes it such a huge deal for my...
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Digit Review Scam Legit or Necessary?
Digit is an automated savings service. As always, my first question is Is Digit a Scam? Then, if Digit is legitimate, the question is what exactly does this online financial service do, and is Digit...
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