Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here’s my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.

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Opinions expressed here are the author’s alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

Recent Articles by Jim

Our Phone Plan Strategy for Four Kids

With four kids, our family will have to be smart about how we approach our cell phone plans and usage. With so many options, I explain our (tentative) strategy for cell phones for our family of six.

How to Simplify Your Personal Finances

If you're like me, your financial "system" can get a little complex. An extra bank account here, an old 401(k) there, it can become very difficult to manage if you don't take the time to declutter and simplify your finances. Here are a few steps I use to make sure my finances are as easy to understand as possible.

Why a 529 Plan Is Even Better in 2024

529 plans were already pretty exceptional tools for saving for college. With the Secure 2.0 Act, they were made even better with an expansion of what are considered qualified educational expenses - including Roth IRAs!

What is the Average Household Budget?

Ever wonder if you're spending too much or too little on something? Curious what others are spending on it? We look at the BLS' data on consumer spending and breakdown the categories so you know what others are doing.

Are No-Penalty Add-On CDs the Future?

Navy Federal Credit Union has a no-penalty add-on CD, which are two CD features I've never seen combined before. Banking products are becoming increasingly flexible and I discuss why I think that is.

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