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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
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)
As I talk with folks about their finances I'm often surprised at how many of them don't really know what they have. While I certainly didn't expect everyone to be as "into" finances as I am, I sorta always assumed that everyone kept track of their finances in some shape or form. But what I … Continue reading How We Organize and Track Our Finances
This is going to be very long (first rationale, then step-by-step instructions). I think it's going to be worth it, but we'll see. Ask just about any math teacher and they'll tell you that humans don't have a very good intuitive sense of exponential growth (e.g., see the response to the pandemic). Humans are pretty … Continue reading Spending Matters: Calculating How Many Days Earlier You Can Retire
Update May 2023: Amazon (perhaps not surprisingly) has removed this feature. Some folks have recommended this Chrome extension, although I have not used it yet. I've written before about aligning your spending with your values and goals. One thing I've noticed lately in a class I'm teaching is how many of my learners are mentioning … Continue reading How Much (?!) Did I Spend At Amazon?
Joseph-Siffrède Duplessis (French, 1725-1802) | The Library of Congress, Washington, D.C. The saying “A penny saved is a penny earned” is attributed to Benjamin Franklin (although the exact quote from Poor Richard’s Almanack is slightly different). With due respect to Mr. Franklin, this saying is not quite accurate. For many teachers in Colorado, for example, … Continue reading A Penny Saved is 1.62 Pennies Earned
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