savingmoney

The Recession's Unexpected Gift: Reviving Multigenerational Living

Living in multigenerational households isn't a new phenomenon: It was the norm for centuries, and in much of the world, it still is. But the financial pains of the Great Recession are pushing more of us back into into such homes -- and that could be an excellent thing.

Budgeting, Guy Style: App Zaps Personal Finance's Gender Gap

Men -- and in particular, younger men -- get a justifiably bad rap when it comes to managing their money. But new tools like PowerWallet are designed to help get them on track by making good financial behavior less of a chore and more of a game.

The 5 Best Bourbon Buys for Kentucky Derby Day

This is Kentucky Derby weekend, and that means bourbon-fueled parties and a renewed interest in one of America's most famous cocktails, the mint julep. Here are the 5 best ways not to overspend on the bourbon.

Staged Eloping: Dream Weddings Without Nightmare Price Tags

"Staged elopements" -- weddings where the couple escapes with little more than an officiant, a photographer and a dream wedding dress -- are becoming increasingly popular. The nuptials may be extravagant, but without the big guest list, they're still cheaper than traditional weddings.

Can a Spending Splurge Help You Reach Savings Success?

Every dieter knows you sometimes have to give in to your cravings on the long road to a weight loss goal. Turns out the same principle applies to personal finance: A splurge now and then can actually help you attain your budget and savings goals.

Financial Spring Cleaning: 4 Steps to a Fresh Money Start

The return of warmer weather is an cue for many of us to clear out the debris that has gathered over the winter. But it's not just the house and the yard that could benefit. Here's a step-by-step guide to spring cleaning your finances.

Rules to Save By: Jean Chatzky Reveals Her Simple Money Tips

During more than two decades of helping people learn to manage their money, Jean Chatzky has picked up a host of financial maxims that she falls back on over and over again. Why? Because they make sense. They're funny. They're memorable. And they work.

Family Money: Tips for Raising Saving-Savvy Kids

Last week was America Saves Week, but the organizations hoping to spotlight the importance of saving money have their work cut out for them. Not only are we failing to sock enough away, our kids aren't getting the message to save either. Here are four tips for passing on smart savings habits.

Worried About a Money Disaster? Here's Your Plan B

Do you fear something awful is around the corner when it comes to your finances? Given recent years' economic woes, it's not unreasonable. But you can turn your worries to your advantage by planning for the worst before anything goes wrong.

Guess Who Clips the Most Coupons?

You might think that less wealthy households would be more active coupon users than their affluent counterparts, but you'd be wrong. The folks at Coupons.org recently released some startling data on trends in coupon usage in America. Here's what they found.

The Hidden $1,000 Bonus Obama Put in Your Paycheck

While many Americans are hoping the fellows running for president will give them a tax cut, President Obama has already given all of us one that saves the average family about $1,000 extra a year. So how can you put that bonus to the best use?

Why the U.S. Should Get Rid of the $1 Bill

According to the nonpartisan Government Accountability Office, if America gets rid of its $1 bill and replaces it with a dollar coin, the U.S. will save $5.5 billion on printing costs over the next 30 years. That's a whole lot of dollars.

Readers' Tips for Financial Revival, Part 1: Smart Saving

A few weeks ago, we asked DailyFinance readers for their best tips for putting your financial house in order. Many were quick to note that the foundation of financial security lies in being ready when disaster hits. Here are some of their best suggestions for planning for those rainy days.

Savings Experiment: Freezers

Freezers don't come with an expiration date, but you don't have to wait to upgrade until you feel like the only one on your block with an old fashioned ice box.

5 Surprising Ways to Find Extra Cash in Your Budget

When traditional financial advice doesn't fit your situation, get creative and save money by ignoring conventional wisdom. Here are five savings strategies that may seem counterintuitive -- until you add up the dramatic results.

Savings Experiment: Ovens

To toast or not to toast? Chances are you probably don't weigh the costs of using the microwave, toaster oven, or conventional full-size oven, but you should. You can save money by factoring in the costs of energy when you cook or reheat food.

Savings Experiment: Coffee

There are those of us who should not be allowed in public without having a cup of coffee first. That said, java is also an expensive habit. Luckily, you can have your cup and drink it too by cutting certain corners. Read on to find out how to get your fix for less.

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.

Why Dollar Stores Are Hotter Than Ever (Even for the Rich)

Dollar stores are luring a lot more consumers these days, and their rock-bottom prices aren't the only reason: The chains have undergone major makeovers in recent years, sprucing up their dingy digs and adding better merchandise.

Frugal Americans to Take a DIY Approach in 2012

Americans plan to apply a new DIY-attitude across the board this year -- to their vacations, staying in shape and even beauty maintenance. It's all part of the trend of trying to scale back and save more money.

3 Financial Resolutions That Are Easy to Keep

2012 may not be the year you strike it rich, but you can make it the year you start making smarter financial decisions using the technology at your fingertips. Start with these three small moves that can save you some serious money.

7 Financial New Year's Resolutions to Keep

Every January, we plan to make changes, and we often don't succeed. Let's make this New Year's different: Here are seven fairly simple resolutions recommended by the financial experts for getting you on a firmer fiscal footing in 2012.

See How One Family Lives Well On $20,000 a Year

NBC's Today profiles one American family living just above the poverty line, but quite happily and comfortably. Watch author and self-professed cheapskate Jeff Yeager's take on such extreme thriftiness to see if you can learn anything from Jennifer and Michael, who claim to have found a simpler, more satisfying existence.

7 Ways to Teach Kids About Saving ... and Giving

As the season of giving brushes elbows with the cabal of commercialism, we're presented with an ideal "teachable moment." Here are seven ways to show material boys and girls that saving -- and giving -- can be just as rewarding as getting.

Welcome to the New Normal, Generation Y: Get Used to It

Hello, Gen Y! I've got good news and bad news for you. The good news is we've dodged a double dip recession. The bad news is that you're going to be seeing high unemployment for a long time to come. Here's some advice ...

8 Survival Rules for Black Friday Shoppers

Switch on the TV or open the newspaper today, and you'd think there was only one day a year to get bargains: Black Friday. But if you're not careful, the year's most-hyped shopping day can be filled with traps. Here's how not to get bamboozled.

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.