Continuing with my Ways to Save Money Series, based on the Save to Quit eBook, I'd like to introduce an idea that many of you will find surprising: Paying Yourself First. If you follow the personal-finance world, you probably heard of this already, … [Read more...] about Ways to Save Money #5: Pay Yourself First
There's been a bit of discussion lately about whether parents should pay for their kid's college education fully, just help or pay nothing at all. I'd like to point you to a few sites and then discuss my own opinion and experience. First, JLP and … [Read more...] about Paying for your kid’s college education
In Part One: Luxuries, I outlined the few expenses in our life that could easily go if we wanted to save a few bucks extra, pay off debt faster, or buy that giant 60" plasma TV (with a few months savings of course). In Part Two: Semi-Luxuries, we dug … [Read more...] about What could you give up when you’re in financial trouble? – Part Three
Early this year, I explained why I buy lottery tickets. Some of us buy comic books, some buy art. I buy little slips of paper that have a slight, very, very remote chance of maybe having a small probability of winning back the $1 I spent to buy … [Read more...] about What would I do if I won the lottery?
For many of us personal finance bloggers, the idea of debt and credit cards is comparable to living in the 4th circle of hell. However, for many others who are responsible with their credit, we treat credit and debt as opportunities. My … [Read more...] about Helping my Father-in-Law with Credit
Today, let's talk about opportunity costs. It's a term you often hear in the business world in relation "the cost of an alternative that must be forgone in order to pursue a different action". But it most certaintly relates to your personal finances … [Read more...] about Calculate Financial AND Opportunity Costs of Your Decision
