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“Unexpected Expenses” is a topic that frequently comes up in my classes and when talking with others about finances. This is in the context of a discussion around spending less than you make, saving and investing the rest, and letting compound interest work its magic. Pretty much invariably, several folks will say something similar to … Continue reading Most Unexpected Expenses…Aren’t
First, I need to apologize, because not every Colorado teacher just got a big raise. But due to a confluence of circumstances, quite a few did. These circumstances include: The state legislature having surplus dollars and finally deciding to try to make up for the years of underfunding of K-12 education (known, I kid you … Continue reading Colorado Teachers Just Got a Big Raise: Now What?
Note: The following is a whole bunch of words with very little financial payoff in the end. But, if you're into stuff like this, it still might be mildly interesting. Series I Savings Bonds became very popular a couple of years ago with the surge in inflation, and many folks moved some money into I … Continue reading Series I Bond Arbitrage
Much like my recent post about switching banks, many (most?) folks don't think very much about their cell phone carrier. Much like with their bank, many people originally picked a carrier and have just stuck with them. They haven't looked closely at whether the carrier they are with is the best one for their needs, … Continue reading Why You Should Leave Verizon (and T-Mobile, and Probably Your Cell Phone Carrier)
I just re-listened to this episode of the Best New Ideas in Money Podcast, titled Redesigning Your Life Map. I think it's worth 25 minutes of your time, both from a financial literacy perspective and from just a general life satisfaction perspective. You really need to listen to it to get the full context, but … Continue reading Redesigning Your Life Map
Whenever the topic of investing comes up with teachers (and other folks, but most of my experience is with teachers), two common obstacles often appear: fear and overconfidence. While these obstacles are on opposite ends of a spectrum they both can be very damaging. Let's take a brief look. Fear Probably the more common of … Continue reading Do You Feel Lucky?