Tips to Save Money: The Spending Trade-Off
Engagement ring or down payment? Apparently young women are increasingly opting for the latter. According to a survey of 1,000 people from ERA Real Estate, half of young women would rather have their mate propose with a plan to put money toward the down payment of a house than an engagement ring and 60 percent would [...]
3 Ways to Trick Your Brain into Spending Less
Money can be a real pain. About 24 percent of people admit that the “pain of spending” turns them into tightwads, while about 15 percent admit to being spendthrifts, where they experience so little pain when spending that they spend more than they should. When I say pain, I mean it rather literally. Researchers Scott [...]
One Rule That Can Instantly Boost Your Investments
Have you heard of the Rule of 752? For those struggling to save money, this one’s for you. We always hear that by cutting out small expenses, we can save big (I even have an eBook touching on 10 expenses that can kill your savings). We know those $3 daily lattes add up. But it [...]
In Debt? Consider a Debt Management Plan
The economy is continuing to improve, and many people who saved diligently during the recession to pay off debt are now feeling comfortable enough to borrow again for homes, cars, and other big purchases. As a result, U.S. household debt is climbing at its fastest pace in five years. Consumer household debt rose 1.1 percent [...]
Estate, Death and Inheritance Taxes
An anonymous Silicon Valley billionaire has purchased the world’s most valuable life insurance policy for $201 million, and I think his reasoning behind it is fascinating. He bought the insurance to help his heirs avoid paying a 45 percent inheritance tax after his death. This life insurance policy will pay out twice as much, and [...]
How Wearing Heels Can Help You Shop Smarter
Want to make smarter financial decisions? Wear heels when you go shopping. If heels aren’t your thing, then you can try shopping right after yoga class or after a session of escalator riding, or standing on one foot when deciding which big-screen TV you want to buy. What do all these activities accomplish? These actions [...]