Why do delusional people think their spending will be different than other people’s?

It is an indisputable fact that anyone who drives a BMW 2-door coupe is an asshole. They talk on their phone loudly, drive recklessly, and wear extremely large sunglasses. In fact, an even better litmus test is observing how these drivers park: If they back into a parking spot instead of parking nose-first like normal people do, you can be ...

Behind the scenes: 3 case studies about money that will make you laugh, cry, & vomit

I'm fortunate to hear a lot of interesting (and very personal) money stories, most of which cause me to either burst into a radiant smile or threaten immediate suicide. Today, I want to pull back the curtain to tell you about 3 people I've heard from in the last few days. A 32-year-old woman who just discovered she's been paying ...

What do you NOT care about spending money on?

Lots of people talk about spending on things you value. But what about the things we don't care about?   This baby knows something most people don't: What he doesn't likeWhen I wrote An Ode to Jim Blomo, I talked about my friend who's honed his conscious spending and spends thousands on the things he loves: Jim has told me ...

The 10 Year Savings Strategy: Saving money after you’ve already handled the basics

What do you do when you're already saving, investing, and automating your money? What's the next step? What to do after you've handled the basics. Use the 10 Year Savings Strategy to leave your friends in the dust. I get this question a lot. "I've already set up my automatic infrastructure and I'm investing money every month. My 401(k) ...

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

Is frugality about saving money or making you feel less guilty?

In the fascinating article, "The Green Bubble: Why environmentalism keeps imploding," Nordhaus and Shellenberger cite this provocative study that has close parallels to frugality: "It's easy enough to point out the insignificance of planting a garden, buying fewer clothes, or using fluorescent bulbs...But the ecological irrelevance of these practices was beside the point. What downscalers offered was not a ...

Have a mortgage? Save $71,000 in interest payments

I've been hammering on the idea of focusing on the big wins instead of worrying about $3 lattes here and there. It's far better to focus on cutting 25% off the two biggest areas of your spending than to worry about saving 5% on 50 things. Any time you make a major purchase, there is a huge amount of money ...