spending

Would Financial Warning Labels Help?

by Michael on Jan 6, 2014

Have you ever been to a restaurant where the menus are labeled with the calorie contents of each dish? They don’t label menus around here, but I often see it when I travel. And, though such labels may have little effect on the average diner, seeing those numbers always makes […]

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How do you think your spending will change in retirement? Will it increase? Will it decrease? Or will it stay the same? When it comes to retirement planning, investors are often advised that they’ll most likely spend considerably less in retirement than they do during their working years. After all, […]

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In response to my recent post about estimating the true cost of ongoing spending, a reader (and blogger) named Edward said: On the flip side, I’m on track to have a fully funded retirement when I am ready to retire. Why forgo a pleasure now to have more money than […]

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Today I want to share a rule of thumb to help you quickly estimate the long-term impact of your ongoing spending decisions. If you’re having trouble keeping your spending in check, this tip will hopefully motivate you to plug some of the holes in your budget. And it may help […]

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Spend Less Than You Earn

by Michael on Jun 17, 2013 · 2 comments

Perhaps the best known bit of financial advice out there is that you should “spend less than you earn.” You’ve probably heard it over and over (and over!). And for good reason. This is a bulletproof solution to whatever financial woes you might face. And yet… So many people seem […]

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Last week’s posts about coins (both silver and copper) were inspired by me sitting down with our boys to pay their monthly allowance. With that as a backdrop, I thought it would be worth spending a bit of time talking about the ins and out of our allowance system. For […]

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GPS Navigation and Financial Management

by Michael on Apr 8, 2013

I admit it. I’m a GPS-watcher. Whenever we go on long roadtrips, I track our progress closely on our GPS navigator. In doing so, the main thing that I watch is our ETA. Shaving minutes off our (projected) arrival time is like a game to me. If you’ve ever done […]

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Dirty Money and Spending Behavior

by Michael on Apr 1, 2013 · 1 comment

Looking for new ways to save money? Perhaps you should consider asking for new bills the next time you withdraw money at the bank. While it’s well-accepted that currency denomination influences spending, there’s now evidence that the appearance of your money may be even more important. Interestingly, the social context […]

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