How to Know What you are Really Giving up I first heard the term “opportunity cost” years ago. According to Investopedia, it is defined as the benefits you could have received by taking an alternative action. For example, you could play the lottery every payday, but you’d lose the opportunity to invest that money. Or, you […]
It’s never too late or too early to begin the money conversations with your child. April is “Teach Kids to Save” month, so this article will equip you to do just that. 5 Resources That Help Parents Teach Kids to Spend, Save, and Give Money 1. Start responding with: “Why do you ask?” According to […]
The other day, a friend of mine asked about how to use cash envelopes. That was a question I once asked, too, so I thought I’d share my answer about how and why I use them with you. What we pay for IN CASH: Groceries – I lump my groceries, toiletries, cleaning supplies, and paper […]
Personal finance is 80% BEHAVIOR and only 20% HEAD KNOWLEDGE. – Dave Ramsey Photo Credit: TheTaiChiClub (MorgueFile) The books, articles and blogs that save me the most money do so by inspiring me, not just offering printable coupons and deal alerts. Why do you think that is? For me personally, I’m fueled by stories about real people sacrificing […]
Fall is a season of change. The trees shred their old leaves, making room for new growth. It is an ideal time to evaluate your finances since all around the country, Financial Peace University classes are getting ready once more to launch. And like it did with me four years ago, it just might change […]
