As you know, some sales are just gimmicks. On the other hand, the “sale” above is never promoted but one you need to get in on. If your employer offers spending (sometimes called reimbursement) accounts, take advantage. Through these plans you save the equivalent of your top tax rate multiplied by all your [...]

Continue reading about Strategy # 17: BIG SAVINGS on your medical, transportation, and child care expenses!

You: What kind of insurance makes sense to avoid?
When it comes to a genuine calamity such as a major car accident, premature death, or surgery, you’ll be thankful for your auto, life, and health insurances respectively. But there are many other unexpected expenses for which you should not purchase insurance. Fixing a minor fender [...]

Continue reading about Strategy # 16: Don’t pay to protect what you can easily afford to lose

Michael on July 10th, 2007
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In her Friends With Much More column posted yesterday to WSJ-online, Diana Ransom discusses a difficult adjustment many recent (and not-so-recent) college graduates face upon transitioning into the “real world.” These twenty and thirty-somethings quickly realize that there are plenty of people, many of them otherwise their peers, with more money than they have. [...]

Continue reading about Enjoy Being With People You Like

Well, it looks like Beyond Paycheck to Paycheck has struck a cord. Since just last Friday, the book has been profiled on radio (WHEB), TV (WMUR) and print (El Paso Times)! You can always check out the latest media coverage by visiting the Total Candor media room.
You: Why do all these people suddenly [...]

Continue reading about Who cares about Beyond Paycheck to Paycheck? Gary, for one.

Michael on July 6th, 2007
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You: I dare ya!  No, I double-dare you!
Thanks for the flashback to second grade.  No folks, when I say “Don’t risk a lot for a little,” I am not talking about jumping off the 25-foot bridge to save your pride with the other kids living in the “Whisper Walk” subdivision, even if the reward of [...]

Continue reading about Strategy # 15: Don’t risk a lot for a little

Michael on July 5th, 2007
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Although few things are scarier to imagine than dying at a young age, for young people without dependents long-term disability is actually a far greater financial threat. This is true for two reasons:

At younger ages you are more likely to become disabled than to die.
The financial implications of your untimely passing are minimal if [...]

Continue reading about Strategy # 14: Know your odds

Even after you begin to save, you might still struggle with the idea of putting money in a retirement account. Many people do. You may fear tying up your money for such a long time.
You: You got that right.
That’s understandable.
You: It is?
Yes. After all, with rare exceptions, once you put [...]

Continue reading about Strategy # 13: Love thy left pocket, Dwight Schrute style

While you’re unlikely to meet that special someone through your 401(k) plan, an employer match is still unbelievably valuable and so, dare I say, “totally worth it.”  A matching contribution is free money.
You: Okay. But nothing is free.  I learned that the hard way from Gary.
True, but some things are true no-brainers. A 401(k) plan [...]

Continue reading about Strategy # 12: An employer match is not a corporate-sponsored dating service

Michael on July 1st, 2007
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Savvy Ladies, a New York City based non-profit organization empowering women through financial education has named Beyond Paycheck to Paycheck as its July Book of the Month!
Savvy Ladies is dedicated to providing financial education to women in their quest for financial independence. The free monthly newsletters, seminars and teleconferences foster a sense of community and are designed [...]

Continue reading about Savvy Ladies Book of the Month July Selection