Just about everyone wants to make a commitment to improving their health. Year after year eating better and exercising more are two of the nation's top New Year’s resolutions. But of course, millions of Americans sign up for a gym membership that they ultimately never use.
Behavioral economics is the study of economic decision-making with a twist of real-life human behavior and tendencies. In the first part of a new series on the topic, learn how expectations can influence our own opinions and preferences.
I know, I know. taxes are probably the last thing you want to talk about. I can't really disagree with you. Unfortunately, taxes are something you will need to worry about for the rest of your life. So on that depressing note, let's learn something that will be useful to you year after year.
Learn how J (from Millennial Boss) paid off almost $100k in debt and turned her financial life around 180 degrees. J is a prolific side-hustler, with alternative income streams from blogging, podcasting, Etsy selling, and more.
Like many of you, I have slowly come to the realization that the traditional path doesn't work for me. The thought of collecting a bi-weekly paycheck while sitting at a desk for 40 years is enough to give me cold sweats (I know TMI, deal with it, I'm venting).
When I was a kid, my mom set up a very simple allowance system for my sister and me. For every year of our age, we would earn $1 per week. She then gave us 3 jars to allocate our allowance each week: a saving jar, a spending jar, and a gift jar.
On the one hand, there are very few faster ways to dig yourself into a black hole of debt with outrageously high interest rates. On the other hand, if you can manage your credit cards carefully you can get fantastic returns on everyday purchases that can save real money (or earn you a flight to Timbuktu, if you want).
I know, I know. taxes are probably the last thing you want to talk about. I can't really disagree with you. Unfortunately, taxes are something you will need to worry about for the rest of your life. So on that depressing note, lets read up to learn something that will be useful to you year after year.
Creating a budget is a tried-and-true method of making sure you are living within your means and still have some cash left over for savings. Now look—I'm not saying you need to stop eating out and start eating the same thing every single day—or stop going out to bars and start making your own homebrew (although that could be a fun hobby). But I am saying that you should have a good idea of how much you spend on everything in your life—and structure it so that you are in control of your budget, instead of the other way around.