Smart Money Habits BlogThe Savings Habit

The Fundamental Law of Personal Finance

People have this habit of overcomplicating stuff. When it comes to our money, we do it like crazy because money triggers all kinds of emotions, especially fear. There are ten million personal finance books out there and one hundred million blog posts (even on this blog we are writing regularly about saving smart and building […]

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To Improve Your Finances, Be Like Muggsy Bogues

Muggsy Bogues, the shortest person to ever play in the NBA, has always been my favorite basketball star, and it’s not because he holds the record for most assists, steals, and minutes played for my favorite team, the Charlotte Hornets. He’s my favorite basketball player because when other height-challenged athletes would have worried about not […]

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Smarter Spending Habits: Caring About Your Financial Future

“Financial responsibility is a day-to-day affair, but for the first time in my life, I’m beginning to care.” -Dean Martin in Living it Up. If there’s one thing I’ve learned from the responses to our smart spending habits series, it’s that people care about their financial future. People want a better life and they are […]

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Smarter Spending: Creating a Lifelong Habit

This is the third installment in a four-part series that helps you take control of your spending.  Be sure to check out our first article on raising self-awareness and second article on fixing spending problems. How many New Year’s resolutions have you made that were going strong in January but were sunk by July?  I […]

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How to Establish Credit When You Have None

I was standing at my mailbox in a light snow, hoping for two things: that the snow would stay until Christmas and that I’d find my first credit card acceptance in the day’s pile of envelopes. This was before the days of online credit applications. I was barely 18 and still in high school, but […]

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Smarter Spending Habits: How to Fix Your Problem Areas

This is the second installment in a four-part series that helps you take control of your spending. To read the first installment on raising self-awareness, click HERE. It’s one thing to know you have a spending problem. It’s another thing to fix it. The road to becoming a reformed overspender is paved in temptation. You […]

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The First Step to Smarter Spending: Self-Awareness

This is the first in a four-part series aimed at helping you take control of over spending. There’s a lot of personal finance tools available to modern savers, but have you ever wondered what’s the most useful? It’s not automatic transfers, online bill pay, spreadsheets, or some form of financial app. It’s a mirror. According […]

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5 Secrets to Building an Emergency Fund

Imagine if Jeff Foxworthy wrote finance jokes: “You might need an emergency fund if . . . you set up a GoFundMe page to cover the expense of your car breaking down!” It wouldn’t be funny because hard times are no laughing matter. This is why being prepared is so important and the best way […]

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Saving Money Is Simple but Not Easy

When a chef overcomplicates a meal, the food tastes bad. When a musician overcomplicates a song, it sounds noisy. When a saver overcomplicates money, they struggle to put any in the bank. With all the fancy financial jargon and all the trendy advice and fad savings plans out there, it’s no wonder it seems like […]

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What’s the Value of a Dollar? It Depends.

Would you pause before spending $1,000 dollars from your paycheck on a weekend getaway?  I know I would. But you would probably be more likely to splurge on that trip if the money came from your tax returns. It’s the same amount of cash either way, but it doesn’t feel the same because people tend […]

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