Money Mistakes to Avoid – Procrastination
August 13, 2007
Why do today what you can put off until tomorrow? If that is your motto then this post is for you!
Time is MoneyEven if you’re not a procrastinator by nature, you’ve probably had a time or two where putting something off cost you money. Whether it’s paying money you shouldn’t be because you forgot to [...]
What Would You Hide From Your Spouse to Save Money?
August 4, 2007
Does your spouse, boyfriend, or girlfriend spend more money than you’d like? Do they spend money on things you don’t agree with? I met some people the other day that have a sneaky tip for you.
Gadget BusterNote: Names have been changed to protect the innocent. I was out to lunch the other day with Sue [...]
Money Mistakes To Avoid – Misunderstanding Risk
July 12, 2007
Fear and past experience are too often what drive our perception and preparation for risk.
Past ExperienceThe article “Seven Money Mistakes to Avoid” in Smart Money magazine talks about “availability basis”, a term psychologists use to describe how people measure risk mentally. We rely on images and emotions that come easily to mind when gauging how to prepare for [...]
Money Mistakes To Avoid – Loss Aversion
July 11, 2007
We covered the first money mistake yesterday and learned not to save with the right hand and spend with the left. The next mistake the Smart Money magazine article covers is a psychological effect that affects many of us, loss aversion.
Loss AversionI like the way that Wikipedia explains the concept. Ask yourself this question, “would [...]
Money Mistakes to Avoid – Not Seeing the Big Picture
July 10, 2007
Do you ever make a money mistake that seemed really dumb in hindsight? Well, you’re not alone. Our minds can trick many of us into misusing our money in ways that seemed perfectly justifiable at the time. The field of behavioral economics studies how our financial behavior is affected by psychology.
Smart Money magazine has a [...]
How to Save Money on Services By Spying on Business Owners
July 7, 2007
Business owners are always looking to maximize the amount of money they can earn from the services they provide. Get inside their heads and you can save money on your next trip to their establishment. Here is a quick example case study on how to save money on haircuts.
Hair Cut SavingsAt the top of my [...]
How Victoria’s Secret Gets You to Buy Underwear You Don’t Need
June 29, 2007
KMC is a thirty-something family man with a wife, three year old daughter and one on the way. After graduating college with $5,000 in credit card debt and $9,000 in student loans, his new wife finally got him to shape up and get fiscally responsible. He went a little overboard and developed a serious interest [...]
How to Spot and Avoid Pyramid Schemes
June 27, 2007
Today’s contribution comes from across the Atlantic. Thanks to the British writer over at Plonkee Money for enlightening us on pyramid schemes, keep up on his other articles with his feed.
The Great Pyramids of AlbaniaI always seem to want to travel to places that are someway off the beaten track, like Timbuktu, Uzbekhistan or Outer Mongolia. One [...]
Would You Rather Make More Money Or Be With Family?
June 21, 2007
I met a lady last night that answered this question the hard way. She came to the US from Honduras three years ago, leaving behind her family in search of a better paying job. Now she’s decided the extra pay is not worth being separated from her kids and parents and is counting down the days [...]
Who Actually Reads the Terms & Conditions?
June 16, 2007
Do you read every word of the terms & conditions when you’re signing up for a new account? Whether it’s an email account or credit card application they all seem to come with a lengthy terms & conditions.
Who Has Time?I just signed up for a service online last night and their terms & conditions page [...]
