5 Budgeting Mistakes You May Not Realize You’re Making

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Once I started tracking my spending, I didn’t think there was much else to money management. After all, my debt was going down and my savings were going up—so everything looked right to me!

As time went on, though, I realized I was making mistakes with my budget … and I didn’t even know it. Here are five of these common mistakes. Check them out to see if they’re holding you back from reaching your financial goals.…

The Dos And Don’ts Of Spending Your First Paycheck

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It’s not often that the SALT™ Blog advocates spending a little money. We generally preach about keeping the pockets tight.

But we aren’t monsters!

We know how exciting the rush of getting your first paycheck can be; I recently discovered this joy after landing my first full-time post-college job. Of course, I also discovered how easy it can be to go overboard with spending.…

3 Must-Have Travel Accessories You Can Make Yourself

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With graduation season in full swing and the summer fast upon us, young travelers (including yours truly) are taking off for adventures all over the globe.

Inexperienced travelers should prepare for all kinds of situations. However, an entire industry exists to sell over-prepared and overcautious people “specialized” travel goods, like cushy eye masks and single-use laundry detergent sheets.

These products are definitely helpful—but they’re also definitely overpriced. Fortunately, for those traveling on a budget, you can make your own versions of these items. Here are three I didn’t leave home without.…

How To Fit Unexpected Expenses Into Your Budget

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Question for all of my fellow Massachusetts folks: Did you know that parking in a spot with your car facing opposite the flow of street traffic is a parking offense, aptly named “wrong direction”?

I had absolutely no idea. So when I parked my car in the city a few nights ago for a couple of hours, and came back to find a fat, bright orange citation envelope on my car’s windshield, I was a little confused.…

3 Ways Undergrads Can Become Financial Pros Before Graduation

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Here in NYC, the subway is packed with the latest batch of new hopefuls entering the workforce. As I zigzag through them, I wonder how many have loans—and how many are freaking out about the whole “paying back” thing.

This made me start to think about all the small decisions I could have made while in school to positively affected my repayment process. I can’t turn back time. But if I want to keep my job as “best big sister” to the little goose, I can help him prepare for his student loans now that he’s done with high school and heading to Syracuse University.

If you still have time left in school (whether it’s 1 year or 4), take advantage of these tips too.…

3 Graduation Expenses You DIDN’T Expect

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May is here, which means every college senior has officially begun to cling to their last few glory days. They also may or may not have already begun referring to their collegiate years as “glory days.”

With graduation around the corner, I’m a bundle of emotions, including, but not limited to, happy, depressed, excited, nervous, nostalgic, and xenophobic.

Oh, I’m also really, really poor. (Not an emotion, but definitely a cause for some of them.)…

Why You Need To Create A Healthy Financial Plan [EXCERPT]

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Keeping your body healthy is a lot like keeping your wallet healthy. Both require you to create a plan, and without sticking to that, both can prevent you from achieving your goals.

In her latest FREE article on saltmoney.org, international wealth planning expert Elaine King outlines a four-step plan to figure out which of your financial areas may need a “checkup.” Check out this excerpt, and click through the view the complete text (in English and Spanish).…

How To Save Money As A Wedding Guest

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Ahhhh … springtime. The snow is melting, the birds are chirping, the NHL playoffs are here, and the start of wedding season is officially upon us.

Between April and October of this year, my wife will attend eight weddings. Eight. Like five more than three. While I am very excited to see many close friends and family “take the plunge,” all these weddings come at a steep price tag—and not just for the people throwing the party.…

Organize All Your Debt At Once With Help From SALT

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Sometimes, the hardest part about debt is keeping track of it all. (OK, paying off the actual “debt” is tougher, but we swear the management is a not-too-distant second for many of us.)

Here at SALT™, we like to think we can help you with the former, through articles, videos, and more that educate you on topics like student loan repayment options and why you should love your budget. But now, we know we can help you with the latter—thanks to the newest tool on our site.…

Taking The “Fun” Out Of “Refund”

Bridget’s international travel has been grounded by the Tax Man … for now.
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When I filed my taxes this year, I expected to get an income tax refund in excess of $5,000. As an MBA student with a huge tuition bill and a year’s worth of tax-deductible contributions to my retirement accounts, I was sure I had enough credits to produce a sizeable return. I was planning to spend it on plane tickets to South America, then shuffle the leftovers into savings for next year’s MBA course fees. I was even going to let myself take $300 on a mini shopping spree. You can imagine my disappointment when I received less than 25% of what I was expecting.…