Archive | Psychology of Money

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Profitable Ideas: ‘Anchoring’ for Profit, What Millionaires Drive, and More

Weekly roundup of some of the best personal finance articles from around the web. How ‘anchoring’ empowers this personal finance author to make better spending decisions (NBC News). Marketers use ‘anchors’ all the time. Create your own and you’ll save money. How to reclaim your time to focus on work that really matters (Fast Company). […]

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Choose Your Financial Role Models Well

The comparison game is hard to avoid. It’s been played for a long time, and lately it’s become even more challenging. “I think the difference today is the unending nature of knowing what ‘the Joneses’ do, given technology. Purchases, vacations, educations are all broadcast via social media and other means.” That’s Sarah Stanley Fallaw, Founder […]

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Keeping a Steady Hand on the Wheel Under Changing Financial Conditions

The way we buy cars offers a great example of what I call “binge/purge” money management. For the auto industry, 2018 was a solid year. Some 17.3 million vehicles were sold (the fourth straight year with more than 17 million vehicles sold), with SUVs and trucks leading the way. Auto industry writers, such as Jason […]

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Profitable Ideas: Buying Happiness, A Simple Career-Building Secret Weapon, and More

How to buy happiness (Laura Vanderkam). By now you probably know that experiences tend to create more happiness than things, but using money to free up time is also important. Building financial momentum when you’re struggling to make ends meet (The Simple Dollar). The importance of taking even little steps in the right direction. A […]

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Navigating The Mixed Messages Of Our Consumer Culture

If you’re really paying attention, life can be a very odd experience. Especially when it comes to money. For example, in troubled economic times, front-page newspaper stories regularly quote economists expressing concern that the personal savings rate is going up. I still vividly remember reading one such story during a previous recession. I had to […]

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Profitable Ideas: A Brain Wired for Wealth, Lower the Cost of College, and more.

A weekly roundup of some of the best personal finance articles from around the web. Is your brain wired for wealth? (Jason Zweig). A long read, but worth the effort for anyone who wants to invest better. 6 ways to lower the cost of college (The White Coat Investor). That ACT/SAT test prep course may be well […]

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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 […]

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Profitable Ideas: Making a Prime Membership Pay Off, You Need a ‘Near-Cation,’ and More

A weekly roundup of some of the best personal finance articles from around the web. Here’s how to get an $800 value out of your $119 Amazon Prime account (CBS Money Watch). We’ve been Prime holdouts, so I’d really like to know: Are you a Prime member? If so, what have you done to make sure […]

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