Weekly list of curated personal finance articles from around the web. Consumers have ‘5 times’ more clothes than they did in the 80s. This is the impact (CNN). I once heard that people typically wear only 20% of the clothing in their closet. I’m guessing that percentage is even lower now. See also, Fast fashion […]
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For Better Investing, Be Selective About Who and What You Pay Attention To
If you pay close attention to investment news, it’ll either make you laugh or it’ll drive you crazy. Within the same hour, the popular MarketWatch investment news website often runs completely contradictory articles. One says the market is headed higher; the next says the market is about to tank. What’s a smart investor to do? […]
Profitable Ideas: The “Good News is Bad News” Economy, Politeness Won’t Get You Hired, and More
Weekly list of curated personal finance articles from around the web. Why are experts talking about low unemployment like it’s a bad thing? (CNN). A good explainer of this “good news is bad news” economy. Ways to teach your kids about money on vacation this summer (Saving For College). A lot of this has to […]
What If Your Kid is a Spendthrift?
During a recent podcast interview related to my new book, Trusted: Preparing Your Kids for a Lifetime of God-Honoring Money Management, I completely muffed an answer. The host asked what I would suggest doing about a kid who spends every dollar he receives. I don’t remember what I said, but I know I didn’t give […]
Profitable Ideas: How to Have “Enough,” The Science of Giving Great Gifts, and More
Weekly list of curated personal finance articles from around the web. If your only goal is more, you’ll never get there (Becoming Minimalist). There’s no objective measure of “enough.” You just have to decide. The 3 kinds of inflation (A Wealth of Common Sense.) The third type is one we can control. Here how. How […]
How I Found Financial Freedom
“God paid a high price for you, so don’t be enslaved by the world.” – 1 Corinthians 7:23 I’ll never forget the day my parents invited me home for a little chat. They had started to sense that all was not well, and they were right. I was in financial trouble—deep trouble. My credit card […]
Profitable Ideas: Broke Lottery Winners, One Money Move for a Better Marriage, and More
Weekly list of curated personal finance articles from around the web. I do the reading skimming so you don’t have to. Why do lottery winners go broke? (Common Good). In many ways, lottery winners aren’t so different from you or me. Ellary’s bake sale: how I’m learning from my generous child (National Christian Foundation). Great […]
Fostering Within Our Kids a Heart for Wise Money Management
Helping our kids become wise money managers involves more than simply teaching them what to do. If we want the lessons to stick, we have to get their hearts involved. “Guard your heart for it is the wellspring of life.” – Proverbs 4:23 So many of the messages of our consumer culture are aimed squarely […]
Profitable Ideas: Thinking of Future You, The Abstraction of Money, and More
Weekly roundup of recommended personal finance articles from around the web. The key to making good financial decisions—connecting with your “future self” (Forbes). If we could get even a little bit better at thinking ahead, we would make all manner of decisions, including financial decisions, better. Swimming pools make you happy (Klement on Investing). Spending […]
Raising Good Stewards in the Age of Social Media
Helping our kids learn how to think about and use money in God-glorifying ways involves much more than teaching them about earning, planning, giving, saving, investing, borrowing, and spending. It involves helping them learn how to navigate our consumer culture—how to live in it without becoming of it. Central to that is making sure they […]