Did you know that imagining your future self can help you make smarter financial decisions today? Research from the National Institutes of Health found that when people see age-progressed images of themselves, they’re more likely to prioritize saving for retirement. By visualizing your future ... Read More »
Are You Addicted to Saving? When Saving Goes Too Far…
Is it possible to be too good of a saver? In the past I only saw being a great saver as a wonderful trait. Spending less than you earn, keeping a fund for all those rainy days, those are really good ways to reach your financial goals, right? What I’ve come to know is that even our best traits can ... Read More »
Don’t Set Up an Emergency Reserve — Do This Instead
Why do I think an “emergency reserve” is a bad idea? It’s not that I think having a cash cushion is bad. I think it’s really a good thing to have. When there are available funds when you need them, this is a really good thing. It keeps people from using credit cards at high interest rates or needing ... Read More »
How Emotions Play into Your Money Approach
A mind-blowing percentage of people in the US and Europe associate negative emotions with money - Germany (84%), Spain (82%) and Italy (78%). Almost half of all people are worried about their money and only 27% feel in control according to a global study done by Big Banking Chat. More people are ... Read More »
How Do You Balance Enjoy Today and Save for Tomorrow?
I recently saw an old Jerry Seinfeld bit on Night Guy and Morning Guy. He perfectly explains how Night Guy is always screwing Morning Guy by staying out too late. It made me think about how it could just as easily be Spend Guy and Save Guy (or Gal of course). Spend Guy is great at living for ... Read More »
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