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Budgeting

Smart People Doing Dumb Things

I think I'm a smart person. When I was younger, my dad would say, "You're a really smart kid, so I can't figure out why you would do something so dumb."

How often do we, smart people, find ourselves making dumb decisions, especially with money? Money management would be much simpler if money didn't get in the way. We all know we should save, we should plan for the future, we should spend carefully. Yet, these are the exact things we don't do.

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The Psychology of Paying in Cash

By on May 7th, 2014 • Budgeting, Managing your money, spending

We are the generation of efficiency. Technology is woven into our lives, and if it isn't digital, we likely aren't interested. Shopping and banking from the comfort of our couches is second nature, as is swiping our credit and debit cards without a second thought. But taking a step back and looking at how generations before us handled their finances may reap big rewards for our wallets.

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Hey Stranger, Here's The Key To My House: The risks of the sharing economy

The existence of the sharing economy doesn't mean that somehow people are more trustworthy than they used to be. 

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Five Ways To Cut Your Wedding Budget

According to wedding website TheKnot.com, the average American wedding can come with a price tag of around $28,000.

While that's an acceptable amount of money to spend on, say, a brand new car or a down payment on a home, some couples may decide that building a life together is more important than throwing an extravagant party.

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The Resurgence Of Cooperative Housing

Co-living is an evolving housing option for all demographics--from twentysomethings to baby boomers--and challenges traditional views of "living together" and community.

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Borrow My Ride

Getaround is a car-sharing option in a growing industry now available in several U.S. metropolitan areas. 

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Owning A Pet Will Cost You

By on April 21st, 2014 • Budgeting, Budgeting, Life, Managing your money, Pets

Inevitably, your new puppy is going to chew up something she shouldn't – a MacBook power chord in my case. Pets are invaluable companions, but they also come with a huge financial commitment – not to mention a lot of unexpected and expensive trips to the Apple store. Here are some overlooked pet care costs and advice for how to avoid them.

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Lessons From My Father: Bartering skills

When I was young, I often accompanied my father to work on air conditioning units. He specialized in all things HVAC (heating, ventilation, and air conditioning). Sometimes I found that the customers wouldn't pay him. Once I asked why, and he explained that they simply repaid him with goods or services of their own. Never once has anyone in my family paid for a car repair because of deals like this that he has in place. Growing up I enjoyed the spoils of bartering in ways you couldn't imagine.

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Payday Loans: How a short-term loan can have long-term consequences

A payday loan is marketed as an advance on your paycheck -- it's a short-term loan (around two weeks) that typically ranges from $50 to $500, plus a fee.

I know what you're thinking…that doesn't seem so bad. So, what's to fear? I worked for a payday lender right after I graduated college. Sure, many people were able to get a loan, pay it off right away, and be on their way. Unfortunately, I witnessed many others who experienced the negative effects of payday loans.

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