Saving money is much like losing weight. Both are simple concepts (spend less than you make to save money…eat less and exercise more to lose weight) but neither are easily accomplished. These five tips will not only show you how to save, but also lose some weight in the process. 1. Get mad. At yourself, […]
Teaching Your Children About Money: Where it Comes From and How to Handle it
Parents: how did you learn about money? Most of us learned from two sources: the values passed down to us and our own mistakes. Because your children will learn the same way, your job is to instill enough of the right values that the mistakes they are bound to make will be minimized. So how […]
Does Personal Finance Help Us Understand National Economics?
photo credit: Universidad de Navarra I do a fair job of understanding personal finance, but the science of national economics seems to escape me. I therefore attempt to make some sense of macro-economics by making application of micro-economics. In other words, I ask myself, “What would happen if my wife and I did the same […]
Reversing the Question Can Help Your Decision
photo credit: sparkle_lavalamp Have you ever seen one of those ultra close-ups of an everyday object? No matter how hard you look, you just can’t figure it out until you back away to see the entire object. Sometimes financial decisions can be like that; you only get clarity by looking from a different perspective. One […]
Kick Your Tires, Not Yourself: Do it yourself car transaction can save you thousands
photo credit: gprasmus With the “Cash for Clunkers” program (is it or is it not still in effect?) hiccuping along, some are getting great deals on their new cars. My advice is to take advantage of “Cash for Clunkers” only if you are planning to buy a new vehicle anyway and only if you can […]