Choices


If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!In the past, I’ve shared the story of the worst job I ever had. In a lot of ways, it felt like I was part of a pyramid scheme [...]

[read all of Reader Story: Beware of Scams and Pyramid Schemes]

Personal finance is filled with tough decisions. Prepay the mortgage or invest the money? Pay down high interest debt first or use a debt snowball to tackle the small balances? Roth IRA or traditional IRA?
Sara wrote recently with another dilemma I think many of us have faced: is it better to pay down debt or [...]

[read all of Ask the Readers: Pay Down Debt or Save for Retirement?]

On Saturday, I wrote about my transition from spender to saver. I mentioned that I’d recently peeked at the latest camera equipment. “I spent twenty minutes on Amazon, drooling over the Nikon D300,” I wrote. “I’m tempted — but not much. I’d rather save that $1,800 for the future.”
Reader Kristi Wachter left an astute comment:
$1800? [...]

[read all of Personal Currencies: New Ways to Look at Money]

I received another great e-mail yesterday describing a reader victory. Joshua has been wanting to buy a Nintendo Wii, even though he knows it’s not the best use of his time or money. On Friday, he stared temptation in the face — twice! — and triumphed through force of will. Here’s his story:

I had a [...]

[read all of Reader Success Story: To Wii or Not to Wii?]

I pulled out my camera gear last night. It’s been two years since I used it regularly. Before I started Get Rich Slowly, I seriously considered trying to become a professional photographer. But for a long time now, my camera stuff has been gathering dust in the corner of my office. I can’t even remember [...]

[read all of Making the Move from Spender to Saver]

Jason sent me a question yesterday that neatly encapsulates a lot of the mail I receive, as well as rounding up some of the topics we’ve been discussing this week regarding life after school. “I’m living on credit,” he wrote. Here’s his story:

I graduated a year ago with a useless degree but what I thought [...]

[read all of Ask the Readers: “Help! I’m Living on Credit!”]

On Tuesday evening I gave my first-ever presentation about personal finance. I spoke to a group of about 70 graduating seniors from Western Oregon University. My talk went okay. It wasn’t terrible, but it certainly wasn’t good. It’s a start. I learned a lot, and I’ll do better next time.
I was the fourth and final [...]

[read all of Life After School: Advice for New Graduates]

This is a guest post from Todd at The Working Dollar.
When you leave your job, you have several choices regarding your 401(k). These options are pretty much universal, meaning they apply to every 401(k) and to every job change situation. Your options are:
Cash the 401(k) plan and receive a full pay-out
I’ve listed this option first [...]

[read all of I Quit My Job — What Should I Do With My 401k?]

Over the weekend I posted a flippant note about saving money on milk. I hoped to spur conversation about unit pricing, but it led instead to a comparison of milk prices around the U.S. and Canada. This discussion was more interesting than the one I had intended.
“Wow,” I said to Kris after reading some of [...]

[read all of Money and Values: The Ecology of Commerce]

Last night, Kris and I had dinner with Craig and Lisa. Craig is an architect. Lisa is a technical writer who has spent the past few years as a stay-at-home mother. (Lisa contributed two GRS guest posts last year: How to find great deals on eBay and Career advice for the college graduate.)
Now that their [...]

[read all of Some Thoughts on Goals and Adult Education]

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