Weekly roundup of recommended personal finance articles from around the web. Are you rich? How the wealthy are defined (US News). How would you answer that question? Retailers use psychology to influence your buying decisions, here’s how (World Economic Forum). What percentage of your typical grocery run do you think consists of impulse buys? 5 […]
There are two general ways that we all spend money. There’s the stuff we buy infrequently, like cars and TVs. And then there’s the stuff we pay for every month, like the water bill and the cable bill. I have a passionate dislike of monthly bills and I try to avoid or minimize them as […]
Weekly roundup of recommended personal finance articles from around the web. How to adjust your brain for 8.5% inflation (Wall Street Journal). After enjoying a low-inflation environment for so long, it’s jarring to go to the gas station or grocery store these days. Here’s how to cope. Target-date funds work up to a point. So […]
God paid a high price for you, so don’t be enslaved by the world. – 1 Corinthians 7:23 On this holy week, in which we remember Christ’s sacrifice and celebrate his resurrection, I’ve been thinking about the apostle Paul’s words above and how they might apply to our finances. What comes to mind when you […]
Weekly roundup of recommended personal finance articles from around the web. Why bribing kids backfires (Psychology Today). It’s important for kids to learn key life lessons early in life, but gaming the system is not one of them. Minimalism and decluttering are similar, but not congruent (The American Genius). A helpful distinction for those who […]
I’ve reviewed lots of people’s budgets (or, as I prefer, “cash flow plans”) over the years. No two are exactly the same because people have different incomes, fixed expenses, priorities, and more. That’s to be expected. When it comes to budgeting, there’s no such thing as one-size-fits-all. However, there are certain overarching approaches to budgeting […]
Weekly roundup of recommended personal finance articles from around the web. My go to Bible verse when I worry about money (Luke1428). Timely Truths we would all do well to remember. Does your teen need to file a tax return? (Schwab). If your kids are planning to work this summer, here’s what you (and they) […]
I’ve had the privilege of working for some great bosses over the years. When I was in high school, I worked at a steakhouse, eventually becoming one of the head cooks. J.P. Morgan was the manager. No kidding. The difference between J.P. and the regional manager (I still remember his name, but am choosing not […]
Weekly roundup of recommended personal finance articles from around the web. The art of money (The Root of All). Managing money well requires more than a calculator. ‘You don’t have to make more than you neighbor or drive a better car.’ Why he ditched the Bay Area for Colorado—buying a house in 15 minutes he’d […]
Throughout their marriage, John and Jessica had maintained separate credit cards and apparently didn’t talk about how they were each using their cards. After 12 years of marriage, Jessica was shocked to discover that John had racked up $68,000 of credit card debt. Instead of asking for forgiveness, John asked Jessica to co-sign for a […]
