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 […]
eBay Advice Edition – Personal Finance Review
July 8, 2007
As you may already know I sell on eBay to make extra money so I always perk up when I read eBay related items. Here are several eBay references I ran across this week: – Blueprint for Financial Prosperity gives a primer on how to sell gadgets on eBay, think iPhone. – Flexo’s eBay account was […]
Personal Finance Review – Back To Reality Edition
July 1, 2007
The vacation is over and it’s time to get back to reality. Adjusting to a new routine is never easy; especially when it involves less sleep, more stress, and no more Pina Coladas! I had a lot of reading to do when I got back to catch up on everything I missed in the personal […]
Lower Your Vacation Costs By Planning Ahead
June 30, 2007
Our vacation is over and as usual we returned with less money in our wallets than we left with. Most of the money we spent was well worth it but there were a few things we spent way too much on that could have been avoided. Expensive AccessoriesThe first night there I discovered I had […]
Swinging Away at Personal Finance
June 28, 2007
Thanks to the author of No Credit Needed for providing today’s post. He run’s several different websites and has a great story about how he got out of debt. You can read about his story and sites here, and keep up on his writings with his feed. I enjoy playing golf, but I find that […]
A Great Reason to Lease, Not Buy, a Car
June 23, 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 […]
Personal Finance Review – Vacation Edition
June 22, 2007
The bags are packed and we’re ready to go! When I’m out on a much needed vacation in the coming days, you’ll have articles from guest writers and an interview to keep you entertained. Have a good weekend everyone, here are some money articles for the week. – Generation X Finance reminds us Your 401k is […]
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 […]
