Profitable Ideas: Acceptable Lifestyle Creep, The Case for College, and More

Weekly list of curated personal finance articles from around the web.

Acceptable types of lifestyle creep (Mr. Stingy). Regular readers know I don’t love the word “frugal.” As long as you’re living generously and saving/investing adequately, there’s nothing inherently wrong with doing some trading up.

Choosing simplicity in a world obsessed with more (Becoming Minimalist). This one adds some helpful context to the first article. Definitely don’t want to get trapped on the “more, always more” train.

The rise of financial dopamine culture (Portfolio Charts). You’re familiar with fast fashion. Now there’s fast finance, and our dependency is the goal.

Field of dreams (Finding Joy). Avoiding the pressure to over-schedule your kids.

Show this chart to anyone who tells you college isn’t worth it (Axios). Not every kid should go to college, but the case against college still faces one very high hurdle.

The job more parents are taking to get a discount on their kids’ college tuition (CNBC). This employee benefit can be very valuable.

Which is best: 529 college savings plan or Roth IRA? (Saving For College). There are pros and cons to both. However, especially if you live in a state that offers a state income tax deduction for contributions and now that some of any unused 529 account balance can be transferred to a Roth, I’d say 529 plans win in most cases.

Can I really reduce my income tax by paying my kids wages for doing a variety of jobs? (MarketWatch). It’s not as easy as it may seem.

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