Money Rules for Artists: How to Do Well Without Selling Out
Artists often resist the idea of financial planning; indeed, not caring about money is a point of pride. But escaping that mindset can help them achieve their creative dreams.
financial planning
Wanted: More Women to Become Financial Planners
Countless studies show that women are better investors than men -- so why are there so few of them in the financial planning business?
Don't Eat the Marshmallow! 4 Tips for Financial Self-Control
Professor Joachim de Posada, author of "Keep Your Eye on the Marshmallow," explains how to achieve financial success by focusing on long-term goals rather than quick rewards.
'Dear Mom, I Wish You'd Had Life Insurance'
Brittney Lacombe's mother died with only $300 in the bank. Unable to pay the bills, she and her sisters lost their house. Life insurance would have made things a lot easier.
Savvy Ways to Manage Your IRA Savings
Many investors are missing out on the long-term savings benefits of IRAs -- because they don't understand what they are and how they work.
The Early Tax Deadline You Can't Afford to Miss
For a select group of retirement savers, there's a deadline looming -- and missing it could cost you a huge amount of money.
Watch: A Publisher's Clearing House Winner Thinks About the Future
For a Louisiana couple, a Feb. 28 visit from the Publishers Clearing House van carried with it an instant transformation from penny pinchers to millionaires. In an exclusive interview with DailyFinance, Elise Gutierrez laid out some of her savings plans for the future.
Why Your Financial Planner Isn't Giving You the Advice You Want
Most people could really use some help managing their finances, yet relatively few seek the services of professional financial planners. The reason: Those pros typically aren't focusing on what the average client really wants.
Her Financial Goal: Get a Handle on Retirement Planning
Everyone has things they want to improve about their financial lives -- and we in the AOL newsroom are no exceptions. So we asked money expert Jean Chatzky for advice on how to reach our goals. Today: A music editor who wants to understand more about her 401(k).
His Financial Goal: Get Ahead of the High Cost of Higher Education
Everyone has things they want to improve about their financial lives -- even the staff of DailyFinance. So we asked money expert Jean Chatzky for advice on how to reach our goals, and we're sharing her answers with you. First up: An editor looking ahead to college tuition bills.
When You've Passed On, Who Inherits Your Credit Card Debt?
When we die, we leave all kinds of things behind, including our debts. And it's not always clear what exactly happens to those obligations. Consider your credit card debt, for example.
Here's a V-Day Gift That'll Outlast Roses: Well-Ordered Finances
You don't think a color-coordinated bouquet of organized financial files and reconciled account statements is romantic enough for Valentine's Day? Then consider this: Money issues are one of the top causes of relationship strife.
New Year, Same Beneficiaries? Here's Why You Need to Review
If you haven't checked the beneficiary designations on your financial accounts lately, you really should. It's quick, easy, and though it may not sound all that important, getting it squared away now could make a huge difference to your family later.
The Surprising Generation that Has a Handle On Its Finances
We all know that we should save more and spend less, but we don't always follow that advice. When you break down our responses to the financial crisis by generation, however, some interesting patterns emerge -- and you probably wouldn't guess which generation is doing the worst at financial wellness.
The Biggest Mistake of Financial Planning for Special Needs Kids
When it comes to raising special needs children, the financial challenges can be overwhelming -- expensive in the near term, and making long-term planning even more of a high-stakes endeavor. And, with the best of intentions, parents could be making one incredibly costly mistake.
Where Does Your Spouse's Credit Card Debt Go When They Die?
When a husband or wife dies, it's not just the emotional issues that can be overwhelming; the financial issues can be, too. Here are three important financial actions no widow or widower should delay taking -- and the answer to the pressing question in the headline above.
For Richer, Not Poorer: 6 Reasons to Cut Your Wedding Cost in Half
Financial advisor Nicole Seghetti has counseled many young couples, and never once has she heard newlyweds say they wish they'd spent more on their wedding. Mostly, they wished they'd spent far less. Here are the six most common things they'd rather have saved that cash for, and how much further it would have gotten them.
The Biggest Risk to Your Golden Years -- It's Not What You Expect
We devote our entire working lives socking money away for tomorrow. But even the most well-crafted and seamlessly executed financial plan does nothing to mitigate one enormous risk we confront. Sadly, we typically don't realize this threat until we come face-to-face with it.
Why Healthy People In Their Prime Need Life Insurance Too
It's easy to assume that if you're young and healthy, you'll be alive next year. It's probably true, too. But there are many grieving relatives and friends out there who will remind you that the unexpected does happen, and it can leave all kinds of chaos in its wake.
Victoria O'Hara's 6 Best Tips for Would-Be Investors
Victoria O'Hara parlayed a relative's gift of one share of stock into a sizable portfolio by investing in a few shares at a time, on a postal worker's salary. Here are her top lessons for any novice investors hoping to emulate her success.
5 Surprisingly Smart Ways to Blow $1,000 of Your Tax Refund
You may see your tax refund check as a choice between a crazy splurge and responsible saving. But you could also put that money to work for you less conventionally. Here are five good ways to spend $1,000 of your April windfall that you might not have considered.
8 Ways That Tech Can Help You Save
With the advent of the "new iPad," the role of technology in streamlining our lives is in the forefront of many people's minds. On the Today show, digital lifestyle expert Mario Armstrong discussed eight websites, apps and gadgets that you can use to help you save and manage your money.
Marriage and Money: How Do You Join Your Finances?
As my wedding day approaches, I am beginning to understand that marriage is not just a union of love; it's also a joint venture that includes the combining of financial assets. Cue the discussion of ... The Shared Bank Account.
3 Ways to Take Control of Your Finances in 2012
After the overindulgence of December, it's no surprise that so many people spend January trying to turn over new leaves. If you're ready to get your financial house in order, consider one of these three websites, each with a different take on helping you better manage your money.
How Did You Do It? Share Your Money Success Stories
The start of a new year is a traditional moment for turning over a new leaf -- but real change doesn't come easy. With that in mind, we're asking you, our readers to share your best financial planning stories, tips and secret strategies.
7 Resolutions for Retirees in 2012
Retirees may be past the days of resolving to work out more or buy fewer $4 coffees. Yet when it comes to money in particular, resolutions may be even more important for those living on fixed income. From financial nuts and bolts to more holistic aims, here's a look at seven worthy resolutions for retirees to commit to in 2012.
12 Smart Ways to Spend $1,200 in 2012
Develop a spending plan can help limit impulsive purchases and set your priorities for the coming year. With that in mind, these 12 ways to spend $1,200 in 2012 offer a mix of the practical and the indulgent. Even if you don't have that much, the tips may give you some ideas on how to get the most from your money to help you and others.
Your Money Brain Explained: Why Saving Is So Hard
Why do we procrastinate about financial decisions when we know that putting them off hurts us in the long run? Why do we splurge today instead of saving for retirement? And when is the brain at its prime in terms of decision-making? Harvard economist David Laibson joins DailyFinance's Laura Rowley in New York's Central Park with his insights.
How Visions of the Future Help You Manage Money Today
Researchers have found that people who create concrete mental pictures of their goals are more likely to save money for them. Here's the story of one woman who looked into her own crystal ball, got a clear vision of what she wanted, and implemented a financial strategy that allowed her to achieve it. DailyFinance's Laura Rowley shares the lessons learned along the way.
The Best Defense: Money Moves to Protect Your Family
In financial planning, people usually play offense: It's about finding the right strategy to get to the goal. But it's just as crucial to have a good defense. Cal Brown, a financial planner and author of the new book When Life Strikes: Weathering Financial Storms, shares some of his defensive plays with DailyFinance's Laura Rowley.