How to know if a large purchase is affordable

People often think only of the per-month cost when determining what they can afford, but that can be an expensive mistake. Can you afford it? It’s a simple question on its face, but the more you dig into it, the … Read MoreRead More

Photo credit: Self Drive Vehicle Hire https://sdvh.co.uk/

Why you make status purchases

It’s natural to look around your life and see if there is any way that it can be improved. The changing of the new year is one of those times, along with birthdays and springtime (the proverbial “spring cleaning”). The … Read MoreRead More

Road atlas

Why it’s okay to make a bad financial decision (sometimes)

I was pretty hard recently on people leasing cars. That’s because I feel very strongly about how it’s a decision that can have a significant negative financial effect on one’s life. And not only that, but the implications of and … Read MoreRead More

Mask ornament

Why it’s so hard to buy online and maintain any privacy

In a perfect world, no one would have any right to know what I buy, where I go, and what I do unless I gave them that access. This seems rather quaint now. Today, everything you do is scrutinized, advertised, … Read MoreRead More

How to know when to make an impulse purchase

Ramit Sethi, the I Will Teach You To Be Rich guy, has a rule about books: If you’re “thinking about” buying a book, just buy it. Don’t waste 5 secs debating. Even 1 idea makes it worth it. I may … Read MoreRead More

Sarasota dawn

Calculate the opportunity cost

Opportunity cost can be defined as “the value of the choice of a best alternative lost while making a decision.” Or, more colloquially, it’s “what you could have done if you had chosen differently.” I’ve talked before that one should consider … Read MoreRead More

Junk car

How my 1990 Geo Prizm helped me buy a home

I kept my first car, a 1990 Geo Prizm, for years longer than anyone said I should. But that decision later enabled me to buy my first home. … Read More

I’m getting a new phone!

With the new year approaching, it’s time not only to reflect on the year that’s passed, but it’s also time to look at where you are today and see if it’s still working for you. What would you like to … Read MoreRead More