Post tagged with saving

  • Resolve to Save More in 2011

    January 06th, 201102:28 PM ET
    By Joseph Slife
    Building a savings reserve is one of the best things you can do for your long-term financial health. And the beginning of a new year is a great time to get started — or to start saving more than you have been. The easiest way to save steadily is to have some of your income set aside automatically before you have the opportunity to spend it! H...

  • Learn How to Stay Out of Financial Trouble

    June 09th, 201003:33 PM ET
    By Matthew Pryor
    The fundamentals of good financial management aren't difficult, but they do require 1) planning and 2) discipline to stick with your plan. In a short interview Monday on Alabama's Faith Radio, SMI assistant editor Joseph Slife (right) talked with host Bob Crittenden about the importance of having a savings plan. In a follow-up to air soon, he'll d...

  • The difference between saving and hoarding

    April 22nd, 201009:09 AM ET
    By Matthew Pryor
    A few weeks ago, I applauded the work ethic of the lowly ant - how it prepares for the future, storing up provisions for a later time. The Bible twice mentions the ant as an example of working hard to prepare for the future (Proverbs 6:6-8 and Proverbs 30:25). But as Campus Crusade for Christ founder Bill Bright used to say, "Your biggest stre...

  • Are you as money smart as a bug?

    April 07th, 201004:10 PM ET
    By Matthew Pryor
    Bank deposits were up 13.5 percent, or $641 billion, in 2009, according to this piece on MoneyRates.com. That's a prudent move. Many Americans were caught short by the recent financial turmoil. Now, we seem to be learning to save again. But it gets even better. A joint survey by MoneyRates.com and GetRichSlowly.com found that out of the 1,629 ...

  • What do your finances look like?

    March 24th, 201002:38 PM ET
    By Matthew Pryor
    If you had to visualize what your finances looked like, what would come to mind? Water down the drain? (It's slippery, moves fast, and it's almost impossible to hold in place.) Maybe one of those barrels of peanuts at a restaurant? (A few shelled peanuts in a pile, a handful "reserves" still in the shell, but mostly lot of remnants of wha...

  • Making progress by dollar-cost-averaging

    March 08th, 201008:59 AM ET
    By Joseph Slife
    Lots of number crunching has been going on since early January, as fund companies and related organizations compile data for the decade just ended. (SMI is no different: you can find our recently released 2000-2009 performance data here.) Fidelity, the top provider of employer-based retirement plans, has completed an analysis of the 10-year ex...

  • Do you need it — or just want it?

    March 01st, 201008:11 AM ET
    By Matthew Pryor
    As we become a more and more data-centric society, all that information consumption not only eats up our time but also our money. And if you're anything like me (and for your sake I hope you're not), it's easy to fool yourself into categorizing a "want" as a "need." Take, for instance the cell phone. Until January 2009, I was an anti-cellphone...

  • Buying coupons can be a big money saver

    February 17th, 201001:11 PM ET
    By Matthew Pryor
    Are you aware that you can buy coupons? If that isn't the perfect marriage of the Internet and the American capitalist spirit, I'm not sure what is! I found out about this one day when I Googled "Lowes promotional code" for an online purchase. Next thing I know, I'm on eBay where there's an entire Coupons on eBay section. Hmmm. I hadn't don...

  • It's back-to-basics time

    November 20th, 200911:43 AM ET
    By Austin Pryor
    Allow me to repeat part of what I wrote in my October editorial: The past two years we've been dealing with [a recession], and some seasoned observers fear the worst is far from over. They advise avoiding the stock market and building your cash stockpile. Another group believes it's likely the economy has turned the corner and the market is lo...

  • Prepaid college tuition: it seemed like a good idea at the time

    October 16th, 200909:14 AM ET
    By Joseph Slife
    The New York Times offers an unhappy updateon state-run plans that pledge to cover the cost of attending a state's public institutions of higher ed, irrespective of how much tuition may have increased between the time of the pre-payments and a student's actual enrollment. In other words, prepaid plans imply (or in some cases explicitly offer) a gu...
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A blog for people who want to find their purpose in managing and investing their financial resources