Psychology of Money

The Power of Negative Thinking

This article kind of flies in the face of the popular feel good ‘positive thinking’ philosophy, but before you jump to any conclusions, read on. Also, this has many ramifications to personal finances, which I will get to at the end of the article. The Power of Positive Thinking made popular by [...]

Hedonic Adaptation

Hedonism isn’t a word we use very often. If loosely defined it means happiness achieved through feeling pleasure. Many psychologists say that one of the greatest barriers to happiness is ‘hedonic adaptation.’ When you are getting ready to buy something, you anticipate the pleasure it will bring. [...]

Should I Buy an Ereader? And The Benefits of Waiting

I love to read, so a few weeks ago I had a burning desire to purchase an Ereader. I had a lot of reasons for purchasing one, and came up with a great list of my rationale: Ease of getting a book and reading it without the delay of going to the bookstore or library Ability to look up words in the [...]

Financial Thanksgiving

With Thanksgiving only one week away, I thought it would be good to have a financial Thanksgiving post; The attitude of being thankful is one of the foundational feelings we can have for helping us do well financially. When we are thankful for the things we have, we are content and are not in the [...]

Are the Educated Smarter With Finances & Debt?

A new study shows that prior to the current economic crisis, it was the highly educated people that were more inclined to have unmanageable levels of debt. The percentage of Americans with more than 40% of their income going to debt payments increased from under 15% in 1991 to 27% in 2008. You [...]

Kids Saving More Money

Do you think your children are learning from their parent’s financial woes and are practicing better personal finances, such as saving more money? The Wall Street Journal yesterday reported in “Watching Parents Fail Sparks New Rebellion: Saving Money.” I think this could indeed be true, I know we [...]

Financial Diligence Is Required More Now Than Ever

Various news sources last week reported that inflation-adjusted median incomes haven’t increased since 1995. The recession is partly to blame, since many higher paying white-collar jobs are gone. Over the past 20 years many factories have moved overseas, so higher paying blue-collar jobs are [...]

Credit or Gift Card Positives, Negatives and Innovation

The banking industry has never been known as innovators or centers of creativity, that’s why an article in the Wall Street Journal caught my attention today: Ice-Cream Bank’s Rocky Road. I’ll get to the article in a moment, but my gripe with credit cards and gift cards is that although they provide [...]

Retailers to Avoid

Retailers are a dime a dozen so I can be choosy who I decide to deal with. Here are the top things that turn me off and others that attract me to do business with them: Retailers to Avoid Those that make big claims that they always have the lowest price. I never trust this comment because no one [...]

Money Etiquette: 6 Mistakes to Avoid

The other day Dave Ramsey’s newsletter  had the Money Etiquette: 6 Mistakes to Avoid, I thought they were pretty good, funny and worth sharing. Dave’s newsletters are really good and worth signing up for (they’re free): Tipping poorly. Dear Mr. Bad Tipper: Nothing says, “Thank you for taking my [...]
Go to Top