Monday, September 30, 2013

401(k): Doesn't It Just *Sound* Like A Good Idea?

I would totally wander through a maze looking for free money. 
Read this if: 

1) You are interested in doing something with your money besides putting it in checking or savings. 
2) You know that your employer offers a 401(k) but you don't know how it works. 

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I like to think that there are two kinds of money: retirement money and non-retirement money. Retirement money is the stuff that you earn that you set aside for when you don't want to (or can't) work anymore, and it's special because there are lots of benefits that apply specifically to retirement accounts. 

I also like to think that there are two kinds of retirement money: the kind that you put in a 401(k) and the kind you put in IRAs (Individual Retirement Account). I'll talk about the 401(k) for now. 


Monday, September 23, 2013

Money Market Accounts: They're really cool, I promise.

This is a food market. The obvious correct choice for a photo for money market accounts.

Read this if: 

1) You find that checking accounts and savings accounts are lacking something. It's okay if you don't know what that something is. 


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Everyone knows about checking accounts and savings accounts, but there is a kind of account that sort of falls in the middle: a money market account. It doesn't offer anything mind-blowing, but I think it's good to know that you have more options than you think. 



Monday, September 16, 2013

Target-Date Funds: Investing, On Autopilot

Time is the most valuable thing you have.
Read this if: 

1) You want to invest but you're not sure what to invest in. 
2) You want to invest but you want something that is relatively safe. 
3) You want to invest but you want to just sort of set it up and never think about that money again. 

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Since I've started doing this personal finance stuff, I have not made it a priority to invest in individual stocks. The money that I am investing is going towards a specific purpose and stocks are just a bit too risky for me to consider them. Instead, I found an alternative that lets me take advantage of stocks without having to pick them out for myself: target date funds (also known as lifecycle funds).


Tuesday, September 10, 2013

Recap: August

It's been a great month. 
Hey guys, 

I've decided to start doing a recap post at the beginning of each month so that new readers (I'm very hopeful) will see what they've missed and go back and read about topics they're interested in. 


Here's what I did in August: 


Monday, September 9, 2013

Recap: July 2013



Hey guys, I've decided to start doing a recap post at the beginning of each month so that new readers (I'm very hopeful) will see what they've missed and go back and read about topics they're interested in. 



Here's what I did in July: 


Friday, September 6, 2013

Recap: June 2013


Hey guys, I've decided to start doing a recap post at the beginning of each month so that new readers (I'm very hopeful) will see what they've missed and go back and read about topics they're interested in. I'm still playing catch-up, so you're going to see the last four months in a row. 


Here's what I did in June: 

Thursday, September 5, 2013

Recap: May 2013

I drew this in Paint. 

Hey guys, I've decided to start doing a recap post at the beginning of each month so that new readers (I'm very hopeful) will see what they've missed and go back and read about topics they're interested in. 


Here's what I did in May:

Tuesday, September 3, 2013

Welcome to Money Matters

I don't know where this is, but it's super pretty.

Hi everybody, 


It's the start of a new school year, which is a big deal for me because that means I get to convince more college students that my blog is worth reading. 

This blog is about money. I try to talk about anything that affects how much money you have, can lose, will get. "Personal finance" is the official term for it, but no matter what it's called, I think it's definitely useful information. 

I am just a student but I have spent years learning about this stuff and I want to share with anyone who will read what I have to say. I only write about things after doing thorough research and only after I'm positive I can explain in a simple way. 

Please contact me if you have any questions or comments, and take a look around. Usually, I do two posts a week (Mondays and Thursdays), but will be doing intro posts this week to get people to read my past posts. Since the semester is starting, starting next week I will be doing posts on Mondays only. 

Thanks for reading,
Joan 

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Photo credit: disparkys via photopin cc