Money Smart Week has come to an end. The goal is great: to get people handling their money more responsibly. After all, money represents hours of work, and you should use your time for things you want and need. The key to financial security is to live on less money than you make, then get… [Read More]
Blog
Category: Financial Advice
Money Smart Week: Cash flow versus return
I know about finance from several perspectives. I have a traditional academic background and teach traditional corporate finance (efficient markets, rational actors, time value of money). I worked for an investment company and two investment bank, so I have a real-world perspective (people are irrational, bubbles and crises are more common that you might think.)… [Read More]
Money Smart Week: The value of fixing things
Recently, a hole wore in the sole of one of my favorite pair of shoes. The shoes weren’t terribly expensive, and I almost threw them out. But then it occurred to me: the shoes were comfortable and they filled a need in my wardrobe (which is why they wore out). Even if a new pair… [Read More]
Money Smart Week: Making budgets
I often hear people say that budgets don’t work, just as diets don’t work. But, speaking as a middle-aged white lady, everything we have been told about diets is a lie. With a budget, you don’t have your metabolism working against you. Because my income is highly variable, I need a system to make sure… [Read More]
Money Smart Week: Earth Day and saving money
Today is Earth Day. That’s an important day for cheapskates, because saving money is almost always good for the environment – and vice-versa. It’s easy to forget that, in a world of overpriced food, toiletries, and cleaning products passing themselves off as better for the environment. Whole Paycheck, I’m looking at you. If you eat… [Read More]