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Profitable Ideas: Money Lessons From Hurricane Maria, Expecting Luxury, and More

A weekly roundup of some of the best personal finance articles from around the web.

What Hurricane Maria taught my family about life, money, and community (Wise Bread). A powerful reflection on a forced hardship.

The psychology of money (Collaborative Fund). It isn’t how much you make; it’s what you do with what you make. But the forces that drive what we do with money are complex.

When luxuries become expectations (Four Pillar Freedom). What do you own that you consider essential but that was once a luxury?

The confusing information colleges provide students about financial aid (The Atlantic). For those with college-bound kids, a peak into the murky world of financial “aid.”

60% of parents could be making a big college savings mistake (USA TODAY). It’s great to be saving for your kids’ college, but where you save makes a big difference.

Where you live has a bigger impact on happiness and health than you might imagine (Washington Post). Buying a house is about much more than the countertops and the commute.

Keeping up with the Joneses: Neighbors of lottery winners are more likely to go bankrupt (Bloomberg). Really interesting study on how the way people around us spend money impacts our own spending.

Beyond charitable giving: What’s your currency of giving? (The Rich Fool). Great article that takes generosity beyond the weekly giving of tithes and offerings.

What are your thoughts on any of the above? Let me know by leaving a comment below.

Interested in more ideas and encouragement for using money well? If you haven’t done so already, why not sign up for a free subscription to this blog?

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3 Responses to Profitable Ideas: Money Lessons From Hurricane Maria, Expecting Luxury, and More

  1. john kelley June 8, 2018 at 4:11 PM #

    Matt, “The Psychology of Money” is one of the best things I have read in the last few years. I have passed it on to many co-workers and all of my family. Thanks for the link.

    John

  2. Roger June 8, 2018 at 2:24 PM #

    I enjoy your Profitable Ideas each week. I particularly enjoyed the last item for this week on “your currency of giving”. Thought-provoking and helpful!

  3. Zach @ Four Pillar Freedom June 8, 2018 at 9:45 AM #

    Thanks for the shout out, Matt! Great list of articles here 🙂

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