Saving up for things is terribly old-fashioned. Yet, like many old-fashioned things, it’s good for you. When people pay upfront for the things they want, they enjoy them more. In part that’s because people are more careful about what they buy when they pay cash. They buy things they really want rather than things that seem… [Read More]
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Listen to my appearance on the Benzinga pre-market show last week
Last week, I appeared on the Benzinga pre-market show. It’s a service for day traders that gives them some thoughts and information for the day. I talked, naturally, about Day Trading For Dummies as well as the euro, retail stocks, and my upcoming options trading book.
Tracking your expenses is a simple way to figure out your finances
Tracking your expenses is the easiest way to get started on a financial plan. Try keeping track of all your income and all your outgo for a month. Get a small notebook and start writing down all of your expenditures, no matter how large or how small. Write down all of your income, too, including… [Read More]
Should you give your kid an allowance?
Learning to manage money is a fundamental skill for navigating the world. It is as basic as learning to read and learning to cook, and yet, it comes with a lot of baggage. An allowance is one way to learn. Yes, I wrote about high finance in Hedge Funds For Dummies. I’m writing a book about options… [Read More]