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Category: Budgeting

Financial Regrets: Most of Us Have a Few

Many U.S. adults wish they had done things differently with their finances. That’s the key take-away from a new national survey from the personal finance site, NerdWallet. Specifically, 71% said they have financial
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6 Steps to Budgeting Success

At Sound Mind Investing, we have written before about the importance of agreeing on a cash flow plan (a.k.a., a budget!) and following it faithfully. For several years during the late 1980s, my wife Susie and I applied a
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An Overlooked Key to a Successful Retirement

Successful retirement planning requires many steps — estimating how much you’ll need, planning for healthcare costs, managing your portfolio, estate planning, and more. But there’s an essential step that tends to get
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Getting in Shape in 2017 With a ‘Fiscal Health Day’

Several years ago, when New York Times personal-finance writer Ron Lieber was furloughed for a few days, he responded in true personal-finance expert fashion. By devoting one of his unpaid days off to taking care of a list
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Keys to Teaching Your Kids to Save

Of all the things a kid (or we adults, for that matter) can do with money, saving it may be the most boring. Spending, of course, is fun. Investing and giving can be exciting as well. But saving money is all about setting
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Running the Race: The Pace

[Matthew was a member of the SMI team for 10 years before departing to pursue his passion for fitness. His first book, The Body Tithe Devotional, is designed to encourage Christians through a 90-day fitness or health
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Where Does All Your Money Go?

Does the word “budget” still make you cringe? For many, the word conjures up images of a ball and chain strapped to their ankle, a heavy weight putting a drag on their finances and fun. But people who use a budget usually
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Budgeting Is About Having More

If you’re not crazy about the idea of using a budget, you’re not alone. Many people think of a budget as something you go on like a diet. Or they think of it as being about less — obsessively spending less on everything,
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Turning Down Free Money

We're still working busily trying to "settle our new home" following last week's transition to the new SMI website. Hopefully everyone saw the Dyanamic Asset Allocation and Sector Rotation updates on Friday, and received
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6 Steps Toward Better Budgeting

You are a very unusual person. You saw the word "budgeting" in the headline and yet kept reading! To reward you, we present six ideas for getting the most from this powerful—yet much maligned and misunderstood — personal
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