Lisa Whitley — You have heard it before, and so forgive me for repeating the point: When you pay with cash, you are less likely to overspend. You need not believe me; there is ample research behind this. And yet… Are you the classic credit card “convenience”...
Kristen Ahlenius — The third round of stimulus either hit your bank account this weekend, will deposit sometime this week, or is headed to your mailbox shortly. Since the last round of stimuli it’s likely your financial stability has changed (for better or worse)....
Lisa Whitley — Seriously, why? Everyone tells you that you should have a budget. But if it is such a great thing to have, then wouldn’t everyone do it happily without being prodded by people like me? I believe that the thing that often stands between knowing that...
Kristen Ahlenius — We need to talk. You probably spend too much money on food. Your regular grocery shopping, intermittent specialty shopping, and a miscellaneous mid-week trip because you ran out of bread; this adds up. But we’re not done. You also spend money on...
Lisa Whitley — Why pay more when you could pay less? It doesn’t seem logical and yet many do this when taking on debt. Even when lower cost borrowing alternatives are available, often consumers prefer using high interest rate credit cards. I just read a...
I very much hope that you have an emergency savings account. I recognize that not everyone does, but if you do… Let’s talk. There is an interesting area of behavioral economics research that suggests that when some people face a financial emergency, they...
