Archive for the ‘Basics’ Category

Back to Basics: Plan, plan, plan

Thursday, October 23rd, 2008

At the beginning of this series, I mentioned that part of the reason for the series was to remind myself of the basics of wise personal finance.  The risk in doing that was that I would run across one (or more) of the basics that I was utterly incompetent in, ...

Back to Basics: Simplify, simplify, simplify

Monday, October 13th, 2008

(I thought that Thoreau said that word three times in a row in Walden but it was only twice.  Oh well.) Simplify, simplify, simplify.  As in make things simpler.  As in get rid of the minutiae that weigh you down.  Here are some suggestions for freeing up money and ...

Back to Basics: Make things last

Wednesday, October 8th, 2008

Resoling your shoes.  Patching a pair of jeans.  Repairing a clothes dryer.  Doing regular maintenance on your vehicle. Making things go a little further.  Making do a little longer.  Making things last. Dr. Thomas Stanley, author of The Millionaire Mind, found that economically-productive households were more likely to ...

Back to Basics: Spend less than you earn

Sunday, October 5th, 2008

Pretty much any good personal finance resource you run across will talk about this: Spend less than you earn.  All this means is that your expenses (everything that leaves your wallet) are less than your income (everything that enters your wallet). If you're spending more than you bring ...