When I was growing up, my parents would get the urge every once in awhile to impart money management skills to my siblings and me. They would experiment with different systems for dispensing allowances and organizing income, but most failed due to the lack of discipline on both their part and ours. Not every […]
The last few weeks reignited fears that our wealth will disappear in the stock market. In fact, many people have been wondering how they can meet their long term financial goals if every asset class seem to be losing value. For those still pondering, I want to point you to an idea that I just […]
What would happen if you were forced to spend a couple hundred bucks? Last weekend we had a flat tire on our way to Palm Springs. Actually, it was two flat tires. There was many emotions going through our heads and most of it was frustration as we were wondering whether we can still get […]
Here’s the simplest equation describing what we talk about everyday. wealth = accumulated (income – spending) There are essentially two ways to increase your wealth: increase your income decrease your spending Do this and over time, you will accumulate wealth. You are probably thinking that this is pointless, but sometimes we need a reminder because […]
I’ve contemplated about switching my checking account to the online high yield checking account (ING’s electric orange or ETrade’s online account come to mind) before. I will be honest, I wanted to switch not because I liked the other two companies better but mainly due to a high(er) yield when compared to my current Wells […]
We’ve all heard that buying bulk is one of the most effective way of saving money. Mathematically, it makes so much sense because buying in bulk means paying less for the same amount but like everything else in life, there are exceptions. Today, let’s explore the other side of this argument. Starbucks Gift Cards Over […]
