Carl Richards’ book The One-Page Financial Plan: A Simple Way to Be Smart About Your Money came out at the end of March. I finally finished reading it, and it is great. Why? Because it is so darn simple! For most people, financial planning is a simple matter that starts with spending less money than… [Read More]
Blog
Category: Financial Advice
How Parents Want Kids to Learn about Money
The short answer: the hard way. T. Rowe Price recently released a study on parents, kids, and money. Parents want kids to learn about money by making mistakes, especially with small amounts of cash before they become adults and have large amounts of cash. Meanwhile, kids don’t think that their parents do a great job… [Read More]
Airports, Time, and Money
I was once enough of a frequent flier to qualify as a United Premier Executive. No surprise, I loved the movie Up In The Air. I could identify with George Clooney’s character as he navigated security, shopped in airports, and crashed in peaceful hotels. Today I was at O’Hare waiting out a flight delay, and I… [Read More]
Holding Cash for Deflation Protection
Although there has been a lot of focus on inflation in the post-crisis era, the U.S. has had minimal inflation and, quite possibly, deflation, exacerbated by political and economic policies put in place to fight inflation in a deflationary environment. If the European economy falls deeper into crisis, then real deflation – not the borderline… [Read More]
Those purchases we regret
I still use cash, in part because I think it makes me more mindful about spending money. Counting out the bills gives me time to think: do I really want to buy this? And yet, despite being a careful shopper and a cheapskate, I make mistakes. Thinking about these helps me to be better in… [Read More]
