Weekly list of curated personal finance articles from around the web. Why we buy: the role of comparison in our spending choices (Becoming Minimalist). “Social indifference” is a good goal — actively not caring how other people are spending money (I didn’t say it would be easy!). Virtual credit cards: what are they and should […]
Archive | Psychology of Money
How ‘Anchoring’ Can Mess With Your Mind and Money
This weekend, I bought new shoes for two of our kids at a Nike Outlet store. When I got home, I told my wife what a “great deal” they were. The shoe boxes told the tale. In both cases, they showed a “suggested retail price” of $85 and listed “our price” at $64.99. But I […]
Profitable Ideas: Financial Regrets, Money is Messy, and More
Weekly list of curated personal finance articles from around the web. Survey: 74% of Americans have a financial regret, most frequently not saving for retirement early enough (Bankrate). If we could better envision our future selves, we would probably save more—and eat better, and get more exercise, and… Am I being tricked into overtipping when […]
Profitable Ideas: Protecting the Priceless Database You Carry Around, First Impressions, and More
Weekly roundup of recommended personal finance articles from around the web. A basic iPhone feature helps criminals steal your entire digital life (Wall Street Journal). More and more of our vital information is on our phones. Carry with care. Want less stress? Limit your child’s screen time (Becoming Minimalist). It’ll be good for them, and […]
Tapping Into the Odd and Powerful Force of Momentum
I didn’t want to workout the other day. I was dead tired. Just couldn’t sleep the night before. But I did it anyway. I didn’t set any records—that’s for sure. But I did it. And I did the full workout. It was as if I had no choice. A mysterious force seemed to propel me […]
Profitable Ideas: The Super Trait, Getting Wealthy and Staying Wealthy Require Two Different Skillsets, and More
Weekly roundup of recommended personal finance articles from around the web. Gratitude: the key to being satisfied (This Evergreen Home). If there were such a thing as a super trait, this would be it. 9 money principles I’d tell my 17-year-old self (Darius Foroux). Not a bad list. What would you add? Employers rethink need […]
Honk if You Love Money
As I sat at a red light in our neighborhood last week, waiting to make a right-hand turn, my attention was focused on traffic coming from my left. As I waited, I committed a grievous sin. I didn’t notice that the oncoming drivers were slowing down because their light had turned red and mine had […]
Profitable Ideas: 12 Simple Ways to Save Money, Physical Wallets Are So Yesterday, and More
Weekly roundup of recommended personal finance articles from around the web. 12 simple ways to save money (Becoming Minimalist). Simple indeed, and effective. There’s more upside than downside for long-term investors (Sam Ro). It’s been a brutal years for investors, but every bear market in history has eventually turned into a bull market. These are […]
Profitable Ideas: Your First Bear Market Rodeo is the Hardest, Everything Compounds, and More
Weekly roundup of recommended personal finance articles from around the web. Navigating the pain of your first bear market (A Wealth of Common Sense). Words of wisdom for all investors, but especially new investors. Everything compounds (Humble Dollar). One of the most important concepts in money management, and in life. Scams are showing up at […]
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, with SUVs and trucks leading the way. Auto industry writers, such as Jason Unrau, attributed the strong sales, in large part, to low gas […]