The Savings Game

  • Ways to collect more cash this year

    Ways to collect more cash this year

    I have a long list of goals and intentions for this year that are in line with the major focus of this column: better money management. However, the other side of the ledger is important too. So today, I’m going to discuss strategies for making more money. Ask for a raise With unemployment low...

  • How to make smart money moves in new year

    How to make smart money moves in new year

    Nobody wants to spend more money than necessary for services or products. Here are some tips that should save you some money in the new year. Subscriptions: My wife and I subscribe to many publications. I recently noticed that I was charged $32 on one of my credit cards by Vanity Fair. I went to...

  • Be prepared in case disaster strikes

    Be prepared in case disaster strikes

    Hurricanes, wildfires, earthquakes: These are the stuff of nightmares and also of headlines in recent weeks. For those of us who are lucky enough to be watching the damage on TV instead of dealing with the aftermath, you may be wondering: How should I be managing the financial risk of a potential...

  • Understanding survivor benefits

    Understanding survivor benefits

    As readers of my column know, Social Security regulations are complex, and unfortunately some Social Security Administration representatives and many financial planners are not aware of some important benefits. I have received many inquiries regarding survivor benefits from people who do not understand...

  • Test your credit knowledge

    Test your credit knowledge

    OK, it’s almost back to school season. Time for a pop quiz. Test your knowledge of credit scores. 1. The top possible credit score is: 830 990 850 2. Checking your own credit score too many times can have an adverse effect on the score. True False It depends 3. In case of a security threat, you...

  • You're not using your HSA the way you should

    You're not using your HSA the way you should

    Health savings accounts are an attractive and often underappreciated retirement tool for many Americans. Every year, more people become eligible for an HSA when they enroll in a high-deductible health insurance plan. Employers promote this type of coverage as a way to shift the cost burden to employees....

  • Family vacation doesn't have to break the bank

    Family vacation doesn't have to break the bank

    When my husband and I were honeymooners backpacking around Asia, we started a tradition that continues to this day: the snack bag. A little drawstring, waterproof sack carried nuts, dried fruits, crackers and any exotic nibble we came across along the way. It was amusing to reach into that pack...

  • The financial rewards of clearing out clutter

    The financial rewards of clearing out clutter

    The Boston Globe reported recently on an emotional and practical dilemma facing baby boomers. Their parents are passing away, they are downsizing and their children don’t have much interest in antiques, heirlooms or other memorabilia. The problem is so acute, the Globe reported, that “senior move...

  • How's your retirement literacy?

    How's your retirement literacy?

    The American College of Financial Services conducted an online survey to assess retirement literacy among those near or in retirement. Respondents were between ages 60 and 75 with at least $100,000 in household assets, not including their primary residence. The participants, representing a cross-section...

  • Don't lose your head during home renovation

    Don't lose your head during home renovation

    My husband and I are in the process of buying a 100-year-old house. We’re facing the first big renovation project of our lives. It’s exciting but also incredibly nerve-wracking. One of the hardest parts about budgeting for a home renovation is figuring out how to think about the cost. Is it a short-...

  • Make a plan for prosperous retirement

    Make a plan for prosperous retirement

    For many Americans, the difference between a secure retirement and an uncertain one comes down to how well they plan. Here are some major factors that will affect your well-being in retirement: How much you will spend The first consideration of retirement planning is estimating what your expenses...

  • Don't forget digital assets in estate plan

    Don't forget digital assets in estate plan

    By now, most regular readers of this column are aware of the need to make an estate plan to minimize the difficulty of conveying their financial assets and physical property after death. But what about digital assets? These are the online accounts in your name that may include files such as images,...

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