Tag Archives: spending

So, Why Is the Lottery Not a Good Investment?

So, you can probably guess that playing the lottery (and most other forms of gambling) are poor ways to invest your money for the future, but do you know why? I comes from the idea of expected value. Expected value … Continue reading

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Smart Phone Savings Trick, Part 2

In my previous post, Wade asks: “Coincidentally I’m looking into this topic as well these days. I’m trying to figure out what the downsides are for the Walmart / Straight Talk system that provides data plans for about 1/2 the … Continue reading

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Smart Phone Savings Trick

So, my current smart phone is getting ready to give up the ghost.  The camera’s broken, and it won’t turn on without a battery pull.  Plus, it’s a BlackBerry, which means that it will probably brick* itself soon.  That means … Continue reading

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Required Reading About Healthcare

As a financial planner, I talk to people about saving up for emergencies, and having adequate insurance coverage.  There are situations where all the prudent planning in the world won’t help you.  We don’t talk about it much, because it’s … Continue reading

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Furnish Your Home Cheaply

Do you have the same problem I have – more apartment than stuff?  Do you want to fill it with somewhat inexpensive things of reasonable quality?  Are you disinclined to be squeamish about using a dead person’s stuff?* Then maybe … Continue reading

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Reign of the “The Queen of Versailles”

There’s a new documentary out that’s worth watching – “The Queen of Versailles.”  It’s available on Netflix.  The movie’s about Jackie and David Siegel, owners of Westgate Resorts, and their family’s fall from wealth during the recession.  At the beginning … Continue reading

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Collecting as an Investment – Some Thoughts

Lots of us have collections.  Something catches our fancy, and we get the “bug.”  Collecting is a fun and rewarding hobby, but it can get out of hand in a flash.  Here are a few thoughts on managing a collection, … Continue reading

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The Vice of “Making Do”

Show of hands:  who here thinks of “making do” as a good thing?  Now I can’t see through the computer, but I’m pretty sure that you’ve got a warm spot in your heart for “making do.”  It’s quintessentially American and has … Continue reading

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The Ultimate Guide To Saving Money

Do you want to save money but don’t know where to start?  Do you get confused by all the different and conflicting advice on saving money?  Never fear, in one short post I will show you how to save money.  … Continue reading

Posted in Banking, Financial Planning, Income, Spending | Tagged , ,

Balancing Stuff and Happiness

Here’s a brief, clever lecture from the TED series about the relationship between stuff and happiness.  I love the modular apartment design!  I also like the message of prioritizing your stuff.

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This Is Why I Don’t Buy Coach Purses

… (among other reasons.) So, have you ever seen someone strutting around with an expensive handbag, yet dressed in cheap clothing and getting into a junky car?  Please tell me I’m not the only one who’s noticed this. Perhaps it’s … Continue reading

Posted in Credit, Spending | Tagged , , , , | 1 Comment

Bankruptcy: Will It Really Solve Your Problem?

People file for bankruptcy for a variety of reasons, the most common being that they can no longer pay their monthly bills.  This can happen for a variety of reasons, such as loss of income or increasing expenses. There are … Continue reading

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Judge Ye Not By Lifestyle

It never ceases to amaze me, how lifestyle expectations drive spending decisions.  In a society which is defined as a “consumer society,” it’s easy to let ourselves be defined by the type of goods and services we consume.  Not only … Continue reading

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My #1 Trick for Overcoming Frugal Fatigue

Earlier this spring “frugal fatigue” was in vogue.  What is frugal fatigue?  Just like it sounds, it’s when people who are accustomed to a higher standard of living become tired of denying themselves purchases they ordinarily would’ve made.  These poor … Continue reading

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How Can The Poor Have So Many Amenities? Part 3

For the past two days, we been looking at The Heritage Foundation’s recent report: “Air Conditioning, Cable TV, and an Xbox: What is Poverty in the United States Today?”  Here’s where I take a minute to talk about the strange … Continue reading

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