As featured in The Wall Street Journal, Money Magazine, and more!

Personal Finance

The Second Step to Cleaning Up Your Finances

by Luke Landes

The Dough Roller tagged me to write about my one piece of money-related advice if I had to choose just one. I’m not at advisor, so I don’t consider my ramblings advice, but I can share what has worked for me. Recently, I shared my favorite tip and the first step to cleaning up your ... Continue reading this article…

0 comments Read the full article →

The First Step to Cleaning Up Your Finances

by Luke Landes

A few years before starting Consumerism Commentary, I realized I was in a financial predicament. The salary I had been earning from my non-profit job was barely paying this bills in addition to the cost of commuting to the said job. I was relying more and more on my credit card to get by, ignoring ... Continue reading this article…

3 comments Read the full article →

Reader Question: Are Clothes a Part of Net Worth?

by Luke Landes

A reader recently posed this question to Consumerism Commentary: Are clothes a part of net worth? In May, I wrote about how to calculate your net worth. Technically, your net worth includes the value of everything you own subtracted by everything you owe. Your wardrobe, shoes, furniture, coin collection, car(s) if you have one, house(s) ... Continue reading this article…

9 comments Read the full article →

How to Calculate Your Net Worth

by Luke Landes

When I put together my monthly financial reports, I tend to get questions about how I decide what to include and what not to include in my balance sheet. The purpose of determining your net worth is not to compare yourself with others. The real reason to do these simple calculations each month is to ... Continue reading this article…

5 comments Read the full article →

Financial Lessons From Television Fiction: House

by Luke Landes

I have to admit there are are two or three television shows I enjoy watching each week. House is one of those shows. I’m drawn to this show for several reasons. I’m a fan of Hugh Laurie from his Blackadder days, and his American accent is usually very convincing. Also, the show takes place in ... Continue reading this article…

4 comments Read the full article →

4 Ways to Simplify Finances Where Possible

by Luke Landes

As I write this I am in the process of looking at apartments for my next move. Meanwhile, I’m also considering moving into a condominium or single family house. This is a tough decision as I have too many unanswered questions about my immediate future. I can’t waste time; my lease is up at the ... Continue reading this article…

9 comments Read the full article →

Should High Schools Require Money Management Classes?

by Luke Landes

USA Today reported earlier this year that teens are not getting a decent financial education. High school students failed a 2006 quiz from the JumpStart Coalition for Personal Financial Literacy, correctly answering an average of only 52.4 percent of questions about credit cards, insurance, retirement and savings. This is well below high school students’ average 57.3 percent ... Continue reading this article…

55 comments Read the full article →

Financial Ratios for Personal Evaluation: Debt to Income Ratio

by Luke Landes

The main reason I first started Consumerism Commentary was to publicly track my financial progress from “down-and-out” to “not quite as bad.” I started plugging my financial details into Quicken, and like Kara from Ka-Blog says, watching your net worth grow is addictive. There’s more to your finances than just the bottom line, though. I ... Continue reading this article…

4 comments Read the full article →

Financial Ratios for Personal Evaluation: Working Capital Ratio

by Luke Landes

I’m a fan of using financial reports to analyze my personal financial position and progress. I’ve done this so far using basic reports, like the balance sheet and income and expense report. When investors and decision makers analyze companies, they also look beyond these statements. There are a number of ratios or comparisons that tell ... Continue reading this article…

8 comments Read the full article →

How to Be the CFO of Your Own Life

by Luke Landes

I think there is a point in every person’s life at which he comes to a realization and has to make a decision that shapes the course of his life. This happened to me in the early part of the year 2002. I’ll spare most of the details, but at this time I realized I ... Continue reading this article…

0 comments Read the full article →

Flexo’s Top 6 Personal Finance Websites

by Luke Landes

If you’ve ever wanted to take a peak inside my brain, now’s your chance. Just don’t try Sylar‘s approach to brain examination. I’d like to share my favorite websites related to personal finance, not including blogs or pfblogs.org. The websites that are listed are here for different reasons. Some I visit often to get new ... Continue reading this article…

5 comments Read the full article →

If You Like Calculators, You’ll Love This

by Luke Landes

When I was a little kid, I had this relatively large, yellow calculator. I had no idea what it was called until I did a little Internet research yesterday. I matched photographs until one jogged my memory: the Little Professor Calculator (more info). Not only could it perform the basic arithmetic functions (I think), but ... Continue reading this article…

26 comments Read the full article →

Financial Health Day on Gather

by Luke Landes

Tomorrow, September 28, 2006, is Financial Health Day on Gather. Gather is a social networking and community website that is based around informative articles written by the community members on an incredibly wide variety of topics. Here are some sample personal finance-related articles that will be featured tomorrow: * Pay the Real Estate Property Tax ... Continue reading this article…

0 comments Read the full article →

Here is the Winner of The Big Money by Fred Kobrick

by Luke Landes

Earlier this week, I participated in JLP’s Question of the Day Marathon by asking about readers’ childhood experiences with money. The question received a number of great responses. To spice up the event, I added a giveaway. One lucky random commenter will receive a free copy of The Big Money: Seven Steps to Picking Great ... Continue reading this article…

0 comments Read the full article →

Question of the Day #15

by Luke Landes

I am participating in JLP’s Question of the Day Marathon, and today, it’s my turn to ask the question. Also, I have a free copy of The Big Money by Fred Kobrick to give away to one random commenter if at least 50 unique individuals (not including trackbacks) post their responses to this question below: ... Continue reading this article…

52 comments Read the full article →

Savvy Saver’s Turn to Ask the Question

by Luke Landes

Today’s Question of the Day comes from Savvy Saver. She asks about a critical financial decision, either good or bad, that put you on your current path. Check it out and leave your answer with Savvy Saver.

Read the full article →

Personal Finance Classes Do More Harm Than Good For Teens

by Luke Landes

It’s widely agreed that people are not generally taught about money management as they grow up from children, to adolescents, and to adults. USA Today is looking at a new study from the Jump$tart Coalition for Personal Financial Literacy which tests high school students on basic financial knowledge. Here’s the survey with answers [Microsoft Word ... Continue reading this article…

5 comments Read the full article →
Page 5 of 512345