On today’s Finance Friday, I’m going to go a bit wonky. Normally, I would give a lot of background information explaining a topic, and then maybe a little bit on what it means in the real world. Today I’m going to do the opposite, because something important is happening in the … [Read more...] about The Fiduciary Rule Starts Today!
Finance Fridays
Understanding Lifestyle Inflation
Lifestyle Inflation is the term for spending more money on lifestyle items (housing, entertainment, car) as your paycheck gets bigger. This is not to be confused with normal monetary inflation, which is when the price of items goes up because the purchasing power of your currency … [Read more...] about Understanding Lifestyle Inflation
Introduction to Dividends
(I know I'm publishing this on Saturday, not Friday. It was set to post on Friday, but then evil computer gremlins attacked. It's a little late and I apologize for that. Hopefully you will learn something new and that will make up for the delay) With some stocks, you pay a price … [Read more...] about Introduction to Dividends
The Dreaded Budget
What is a Budget? A budget is simply a list of your expected income and expenses. Used in advance, a budget allows you to plan out how you will spend your money for the coming week/month/year. This means you assign a purpose for your money ahead of time, (hopefully) eliminating … [Read more...] about The Dreaded Budget
Quick Guide to the Emergency Fund
There are some basic tenets of personal finance that are recommended for everybody. One of these is the emergency fund. In fact, it's often recommended as the very first step when people are learning to control their money. This guide explains the basics of an emergency fund: … [Read more...] about Quick Guide to the Emergency Fund