I wanted to take a break from the extensive talk-talk-talk about how money works in theory and show you how it works in my actual life. And by show you, I mean show you. Personal finance talk doesn’t always lend itself well to pictures. That’s probably part of why so many … [Read more...] about How I Visualize My Money
Budget
Let’s Talk About Inflation: Part 1
When you talk about money, and especially when you talk about retirement planning, there is a term that inevitably comes up. Inflation. You’ve almost definitely heard of inflation before, but do you know why it happens and how it affects you? That’s what we’ll be talking about … [Read more...] about Let’s Talk About Inflation: Part 1
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
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