Month: May 2014

Generation Debt: The Broken Social Contract

This week, The Simple Dollar takes a look at Generation Debt, a book that proposes to show why today is a terrible time to be young, from a financial perspective, at least. Is there enough meat on this idea to make an interesting argument, or is this book just blowing in the wind? Let’s find …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Hitting On All Cylinders Edition

For today’s morning roundup, I’m going to highlight four thoroughly underappreciated blogs that I’ve been reading lately, along with a few great samples of why you should be reading them. Please, take a minute or two to visit these sites – they’re all well worth a click. Queercents (http://www.queercents.com/) is “a personal finance blog serving …

Categories: Morning Roundup

Don’t Know How To Cook, But Want To Learn? Here Are The Only Two Books You’ll Ever Need

Making your own meals at home is, quite simply, far less expensive than dining out or take-out or prepackaged meals at home. However, many people simply don’t do it for two reasons: it’s inconvenient and they have no idea how to prepare a good meal. Let’s first address the inconvenient part: if your lifestyle makes …

How Common Cognitive Biases Affect Personal Finance

A couple months ago, I wrote an interesting essay about how the “peak-end rule” affects personal finance decisions. For those unaware, the peak-end rule is a psychological phenomenon that indicates which parts of a past experience we recall and use to define that experience. I found the whole thing fascinating and immediately began to look …

Categories: Psychology

January 2007 Review – Net Worth +10.8%, Debts -0.1%, Assets +3.9%

I sat down for my monthly financial review recently to see what sort of progress I’d made in the last month. I generally break things down by evaluating my assets, my debts, and then my net worth, and then using these numbers, I attempt to set goals for the coming month. This is a useful …

How To Read A Google Finance Stock Page

Lately, I’ve been using Google Finance more and more as a place to keep tabs on individual stocks. It presents the basic information I need in an easy-to-read format on a single page, so I don’t have to click around much to find what I need. Even better: it’s a one stop shop for the …

Categories: Investing, Stocks

Generation Debt: Expensive Schooling And Cheap Labor

This week, The Simple Dollar takes a look at Generation Debt, a book that proposes to show why today is a terrible time to be young, from a financial perspective, at least. Is there enough meat on this idea to make an interesting argument, or is this book just blowing in the wind? Let’s find …

The Simple Dollar Morning Roundup: Herbal Remedies For Sore Muscles Edition

I have a lot of sore muscles this evening from a strenuous day moving boxes, so I followed the advice of a friend and drank some sage tea and took some St. John’s wort tablets. We’ll see if they help. For now, let’s read some personal finance news. On Dumping Blockbuster Online And Keeping Netflix: …

Categories: Morning Roundup

Three Money Lessons My Grandfather Taught Me

I was only seven when my grandfather passed away, but during the last year and a half of his life, he made a special effort to take me under his wing and express to me, as only he could, some of the lessons life had taught him. Some of them were hauntingly accurate; others, more …

The TSD5 Index: How Did My Gut Picks Do In January?

On December 6, I announced the TSD 5 index, a collection of five stocks that I picked mostly based upon my gut feeling about the company. Here’s what was in the index on January 1: Apple (AAPL, @ 84.84) Hasbro (HAS, @ 27.25) Whirlpool (WHR, @ 83.02) Riverbed Technology (RVBD, @ 30.70) Lowe’s (LOW, @ …

Categories: Investing, Stocks

Why Traditional Budgets Don’t Work: Wiser Actions You Can Take Instead Of Filling Out A Budget Form

Before I faced my financial armageddon, I tried several times to squeeze my life into a traditional budget. I’d fill out some spreadsheet that someone gave me, or fill out a page torn out of a personal finance workbook, and I’d start off with high hopes of organizing my finances. Everything would go well for …

Categories: Getting Started

Penny-Pinching In The Toiletries Aisle: The Simple Dollar Looks At Toilet Paper

For those of you unaware, I am a big fan of buying in bulk, even though I live in a relatively small space (hint: don’t look in my closet). Why? If I buy in bulk, the cost per unit is often so much cheaper than buying “normal” packages that I end up saving a boatload. …

Generation Debt: Overview

This week, The Simple Dollar takes a look at Generation Debt, a book that proposes to show why today is a terrible time to be young, from a financial perspective, at least. Is there enough meat on this idea to make an interesting argument, or is this book just blowing in the wind? Let’s find …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Post-Super Bowl Edition

I predicted an Indianapolis win on Friday, and an Indianapolis win happened on Sunday. Thus, I’m quite happy. Also, the winner of my giveaway of Jim Cramer’s book Mad Money was Dorky Dad, who picked NovaStar Financial (NFI) as his stock of the year. Congratulations! Given that I already posted a boatload of links in …

Categories: Morning Roundup

Carnival of Personal Finance #86

Welcome to the 86th Carnival of Personal Finance! For those unaware, the Carnival of Personal Finance is a series of weekly posts hosted by various blogs in which we highlight great posts on various personal finance topics. Usually, when I go to read a carnival or festival, I scan the article titles quickly and only …

Categories: Websites

Ten Books That Changed My Life #3: Mere Christianity

Mere Christianity C.S. Lewis Changed my life in October 1996 It’s probably safe to assume that some readers will simply shut the door on this blog right now because I dare to mention the “C” word, especially on a personal finance site. After all, given the political climate in America for the past twenty years, …

Don’t Sweat The Small Stuff: Another Way To Find Room In Your Budget For Retirement Or Other Savings

While I was reviewing David Bach’s book The Automatic Millionaire this week, I noted that he made continuous reference to “the latte factor,” which basically states that you can come up with the money for retirement by cutting small items out of your budget, such as the nominal latte. While that makes a lot of …

Categories: Saving Money

Why Career Planning May Be Time Wasted – And Personal Finance Planning Isn’t

I recently read a provocative article on PsyBlog entitled Why Career Planning Is Time Wasted, which focuses on a concept called “miswanting”: The idea of making mistakes about what we might want in the future has been termed ‘miswanting’ by Gilbert and Wilson (2000). They point to a range of studies finding we are poor …

Categories: Careers, Planning

Why You Should NOT Pay For Your Child’s Education

This topic was requested by a reader who wanted to see reasons why a parent might choose not to pay for their child’s post-secondary education. This article intentionally provides only one side of a complex issue; please, do your own thinking and research before deciding whether to pay for your child’s education or not. You’re …

Categories: Education, Parenting