Psychology of Money: The Last Mile of Saving

A few weeks ago, while I was at a conference in DC, I was attending a panel on email marketing when someone raised their hand and asked a question about advertisers and CPM vs. CPA. If you've ever been to a tech conference and waited for the Q&A period, this is about when you start contemplating different ways ...

The world’s best coupon clipper

I got this amazing comment from a guy named Mike on a recent post: I have to disagree with all those who rail against coupons. My wife has the last 4 months of inserts filed in our filing cabinet with a spreadsheet that she downloads that inventories the contents of each weeks insert. She then compares our grocery list to ...

Attention annoying hypocrites: Stop being judgmental about your friends’ money habits

When was the last time you judged your friends for their poor spending choices? I do it. You do it. We all do it, saying "YOUR spending is bad, but mine is good." And chances are, we're usually right -- since most people are terrible with their spending, they probably can't afford those shoes, trips, or restaurants they're always buying. ...

The 5 groups to blame for our financial illiteracy

Blaming everyone for being dumb is one of my most enjoyable activities. Today, a delightful foray into the world of why we're financially illiterate -- and whose fault it is. Let's start with a Freakonomics article by Stephen J. Dubner: "1. Do you consider yourself financially literate? 2. If so, how did you get that way? And now, a third ...

My Free Insider's Kit will show you how to earn more money

Automation: Add a “Stupid Mistakes” sub-savings account

Let me show you how I handle stupid mistakes like traffic tickets in my automation system for personal finances.   One of the most common reasons people can't get ahead is expenses they just didn't expect. I constantly hear things like this: "I was just about to pay off my credit card debt FOREVER, and then I had to get ...

Clueless friends giving you money advice? Use the STFUDF Technique

How many people in your life lecture you about finances, but don't have their own finances under control? Nothing is more infuriating than someone telling me I'm "throwing away money on rent" when they haven't spend even 2 hours running the numbers. Or someone who proudly proclaims that they found a higher interest rate on a new bank, which is ...