Archive | Psychology of Money

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Profitable Ideas: Why We Buy, Virtual Credit Cards, and More

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, with SUVs and trucks leading the way. Auto industry writers, such as Jason Unrau, attributed the strong sales, in large part, to low gas […]

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