Have you ever asked yourself that question (usually accompanied by a smack to your forehead)? Me, too. Why did I eat that second (or third) helping of ice cream. Why did I spend that $500 for retail therapy when I cannot pay my bills as it is? Why did I write the check to that [...]
Archive for the ‘Savings’ Category
Why Did I Do That?
Posted in Savings, tagged Ben Stein, financial life, financial strength, How to Ruin your Financial Life on February 2, 2011 | 2 Comments »
Joseph the Dreamer
Posted in Savings, tagged Poor People's March, savings rate on September 20, 2010 | Leave a Comment »
A few days ago as I was driving along North Druid Hill Road I passed by a church. On the marquee it read in big letters “Joseph the Dreamer.” I assumed that it was some indication of the sermon for the coming week. Ironically, this occurred on the anniversary of the Poor People’s March on Washington [...]
Saving with a Purpose
Posted in Savings, tagged 401(k), education fund, frugality, savings rate, thrift, U.S. Department of Commerce on September 15, 2010 | Leave a Comment »
The most recent data released by the U.S. Department of Commerce shows that the growth in the personal savings rate may be leveling off, but there’s no question that a massive shift from a population that routinely overspent their earnings to a more frugally-minded society has occurred. Despite the continued traffic around the Nordstrom and [...]
A Poe-tic Tale: Gurus of Marketing
Posted in Savings, tagged consumer behavior, consumption, financial health, saving on August 20, 2010 | 7 Comments »
Why is it so difficult to save? What is in spending today that cannot wait? Surprisingly, the answer in not so much a financial one but much more one that is sociological and psychological in nature. Much of the answers lie in how we, as a society, react to the titillations carried through media that [...]
Financial Beginnings – Taking Off
Posted in Banking, Budgeting, Estate Planning, Financial Planning, Investments, Retirement, Savings, tagged 401(k), 403(b), diversifiied, down market, financial behaviors, gambling, investors, mortgage, portfolio, Savings, speculating on August 9, 2010 | Leave a Comment »
This is the 3rd installation in a 3-part series This is the third and final blog in a series for those in the beginning stages their financial lives, and the pitfalls, learning, and strategies at each stage of starting out. Previously, I observed the potential for a lost generation of investors that I see mostly in [...]
Building Your Financial Foundation: Watch Out for Money Complacency
Posted in Credit/Debt, Financial Planning, Insurance, Savings, Spending, tagged debt, expenses, Financial Life Cycle, income, Insurance, saving on July 27, 2010 | 1 Comment »
This is the second of a three part blog on the early stages of the Financial Life Cycle. In my last blog post, I introduced the concept of the Financial Life Cycle. This week’s blog is all about the strategies and pitfalls in the first adult stage, and next week I will look at strategies [...]
Keeping Score (Part 2): 1 – 2 – 3 Easy Steps to Raise Your Financial Wellbeing
Posted in Budgeting, Credit/Debt, Financial Planning, Savings, Spending, tagged FICO, financial choices, financial crisis, financial journey, financial life, financial needs, financial planning, financial scorecard, financial wellbeing, money behaviors on July 22, 2010 | 1 Comment »
In Part I of Keeping Score, we discussed that it’s helpful to know how we’re doing financially speaking. It’s no different than keeping score like we do in other aspects of our lives, such as when we play or watch sports, step on the scale, count calories, or check our cholesterol. Knowing the score keeps [...]
Unsure of What to Do Next? Know Where You Stand in Your Financial Life Cycle
Posted in Financial Planning, Investments, Savings, Values, tagged depression, equity market investing, Financial Life Cycle, market volatility, money, personal finance, wealth on July 12, 2010 | 3 Comments »
Market volatility has led to concerns we may experience a lost generation of investors; a current Depression-era style generation that avoids the risks and long-term benefits of equity market investing. I too hear that concern with prospective clients, however I find these individuals fit into more particular groups than just young people. Many who are [...]