Are you in danger of falling prey to The Wealth Effect? Are your investments doing well? Is your house valued higher than when you bought it? Is the housing bubble coming back? In some areas of the US, it does seem to be happening. If so, you need to beware "The Wealth Effect." What Is The Wealth Effect? The wealth effect happens to us when … [Read more...]
What Is “The Good Life”?
Two questions have been rattling around in my brain lately. Both have an effect on how we spend and save our money. 1. How Do You Define Yourself? I guess I haven't thought about it too much until the other day when I overheard someone say that their house defines them. I thought that was odd, but perhaps others think that way. Is it a clear … [Read more...]
The Joneses and You: Trouble Where You Live
Designer Clothes We all know we shouldn't try to "keep up with the Joneses." That way leads to big financial problems. But do we feel uncomfortable no matter if we try to keep up or not? I think sometimes we do. Much of that comes because of where we live. We make so many decisions based on the type of lifestyle we want. Who models that … [Read more...]
How to Stay Motivated to Save Money Using a VIP List
How to Save More Money Here's a way to trick your brain into saving more money for your goals. It's somewhat painless. You think of ways of spending as either important or not. Give this simple plan a try. 1. Make a list of things that are important to you. Just put down everything and anything that comes to mind. Don't make any … [Read more...]
Smart: Prioritizing Your Bills
The linked post is from Bankrate.com, one of my favorite sites for financial advice. Some good points about paying bills include paying as many bills online automaticly as you can. That way you don't forget. Late fees not only cost you unnecessarily, but being late on bills really dings your credit rating (FICO Score). Recent changes in the way … [Read more...]
Managing Financially Awkward Situations
You are asked to go someplace you can't afford. You are asked to be in a wedding & you can't afford it. You know the situations. We all do. What to do? You can say no. You can say the budget is tight right now. You can say you are saving up for something this month. You can suggest an alternative. Just don't continually wreck the budget by … [Read more...]
10 Spending Warning Signs
Do you recognize yourself in any of these? The wallet stuffed with credit cards is a big clue that you are spending too much. Click title for link at DigeratiLife. Good list and true. … [Read more...]