When It’s Okay To Spend Money

Making intentional spending decisions now is just as important to your happiness as saving for tomorrow.

Usually, when readers email me, they ask for advice on how to save more and spend less. That’s why I found it interesting when I received an email from a reader who wanted help with the exact opposite problem. This reader (I’ll call him Cal) is an over-saver. For Cal, living frugally and saving money […]

Asset Allocation: Your Key to Investing Success

Pie chart showing an example of asset allocation among stocks, bonds, cash, and other investments.

“If you have trouble imaging a 20% loss in the stock market, you shouldn’t be in stocks.” -– Jack Bogle, founder of Vanguard. If you invest 100% of your money in stocks, and the stock market has a bad year (or ten), you lose money. That’s why asset allocation is one of the most important […]

How to Finally Make Your Budget Stick: Two Shortcuts That Work

An example of a healthy monthly budget.

Pop quiz: Do you know how much you spent on eating out last month—to the penny? I don’t. Does that surprise you? After all, I publish a financial blog. Shouldn’t I join the chorus of financial pundits singing: “Thou must create a budget and track your spending to the penny! Thou must create a budget […]