My buddy Jim called me the other day and told me about an interesting decision his boss asked him to make. Jim works for a small company and had just been given his annual performance review with his manager. Obviously, Jim was anxious to learn what kind of salary increase he’d be getting, but his…
One of the most popular posts here on Wealth Bytes is how to sell a car on Craigslist. I wrote it after selling a few cars via the free site, so I wanted to share my experiences. I didn’t know it would become so popular. Due to the amount of visitors to that article, I…
Welcome back to Simple Savings Sunday here at Wealth Bytes. This is a series I started last year and I post only when I come up with helpful tips on saving money. You can check out all of the Simple Savings Sunday articles and hopefully they can give you a simple way to save. Since…
The other day I was having lunch with my friend Vanessa who recently rejoined the workforce after staying home to raise her kids for the last two and a half years. She actually wasn’t planning on working again until the kids were old enough to enter kindergarten, but not everything went according to their plan….
It’s here my financial friends. The ultimate throwdown! Today, we pit two of the best financial tools against each other to see who comes out on top. That’s right, we are going to compare Mint.com and Personal Capital to see which free tool is better! I got this idea back when someone basically asked me: “Mint.com…
This age old debate is a mental and emotional struggle that everyone deals with. Some deal with it better than others, but there are some that allow it to completely consume them. Anyone that is trying to get out of debt must get a grip on this debate and find a common ground. Wants versus…
I cover a lot of material on Wealth Bytes. The reason is because I get a lot of questions about money. I’m certainly OK with that, but I figured I would try to push all of the categories in one place so you can easily find a topic you want to look for. It’s easier…
There’s a dirty feeling I get every time a check comes and I see that stupid tip line. I’ve never like tipping, not because it’s rewarding those who do their job well, but because it’s how employers use customer’s tips to pay their staff. There are many people who think tipping is good, but also…
My friends over at Motif Investing created this great infographic on how to grow your wealth with simple investment strategies. As regular readers know, I’m a fan of infographics. I feel they are easy to follow and some of them provide awesome visuals on a topic which might be boring otherwise. If I get a…
Being buried in debt and struggling to make ends meet every month can stress you out and have a negative impact on your overall health. This type of stress is one thing that the wealthy never have to worry about. But there are other ways in which the income gap between the rich and poor is affecting our health, and that was the subject of a recent article on MSN Money. According to a study published in the Journal of the American Medical Association, while American eating habits did improve between 1999 and 2010 the improvements were not reflected evenly across the board.
One of the longer running pieces of personal finance advice is to never buy a new car. Seriously, most experts use the word “NEVER!” I am cool with that, especially as someone who has purchased quite a few new cars, I have learned my lesson. The justification of this advice is you can save a lot of money by just buying a car one or two years old. The majority of depreciation happens within the first year. After that, most cars depreciate on a sliding scale. Some do it slower than others, but I am not getting into that. So, let’s talk about this “never buy a new car” advice.
