Personal finance experts often warn against “keeping up with Joneses” or splurging on unnecessary items. Latte factor anybody? Stop going to Starbucks and have a million bucks more by the time you retire! And though this is good advice, what about the other side of the equation? Do you ever feel guilty for spending money […]
Our waitress wasn’t very courteous to us today. We asked for an empty plate and she never acknowledged the request. When she came by 15 minutes later, she just slid the plate on the table without stopping. This got me wondering — do waiters/waitresses always deserve a tip? It’s a widely accepted American standard to […]
One of the most difficult situations to deal with is a drop in income, as most people adjust their lifestyles to use up all of what they bring in. In fact, too many of us live right up to the limit of what our income buys, allowing lifestyle inflation to strangle our budgets no matter […]
My wife and I talk about finances every week. More specifically, we discuss how much money in our discretionary funds is available, and then decide together how we are going to spend it. We also do an overall budget review periodically, but she leaves the handling of paying the day to day bills to me. […]
According to The Principal Financial Well-Being Index, retirement planning is on the rise in America. The survey points out that only 28% of workers aren’t planning for retirement, which is a drop from 32% in the previous quarter. This news indicates that more American workers are making efforts to plan for retirement. Are you one […]
Part of good financial management is making decisions based on your priorities, and understanding how a purchase or a spending decision will benefit your life. Before you spend money on a product, service, or experience, it’s a good idea to consider what you will gain by making the spending decision. Spending money can be a […]
