♥ & $: Compulsive Shopping or Retail Therapy? When Enough is Enough


Five of us stood grumbling in a check out line the other day. Our arms were filled with clothing and books and knick knacks soon to be wrapped up and hidden under the Christmas tree. The woman in front of me complained about Christmas shopping. Or rather, she complained about how she kept blowing her […]

How To Save When You Were Born To Spend

Oversaving can be as much of a problem as overspending for some people

Some people are natural-born savers. Others, not so much. Were you born to spend? Saving money won’t come easily, but it’s not impossible. Here’s why.

5 Big Car Buying Mistakes

Last Saturday I was out to dinner at one of those Japanese Hibachi places. Over a scorpion bowl, I was talking to a friend who works as a sales manager at a luxury car dealership. He was mulling over getting out of the industry because—as you might imagine—car shoppers aren’t the nicest people to deal […]

How To Be Richer Than Your Friends

Last week, just before Thanksgiving, I sent an article to people on my email list that you won’t find on the blog. I was psyched to see how many of you wrote back saying you enjoyed the advice. If you only saw the subject line or skimmed the email, you thought “oh it’s Thanksgiving and […]

Richer By The Week: What’s Your #1 Financial Goal?

Richer By The Week is a 5-day program to take control of your financial life.

Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves. —Albert Einstein. Einstein was a smart guy, and he knew the importance of something that we are terrible at today: How to focus on one thing at a time. Today, let me know in […]

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 […]

The Doorbuster Fallacy: Why Black Friday, Cyber Monday, and Other Sales Are Bad for Your Wallet

  I awoke Friday, mildly hung-over on turkey and wine, to a TV news clip of early-morning shoppers stampeding through a local Target, elbowing one another for the best “Black Friday” deals. This clip was no different than others played every year on the day after Thanksgiving. But at least nobody was trampled to death […]

Why Most Budgets Fail (But Yours Doesn’t Have To)

Mint allows you to categorize transactions from multiple accounts.

My first time wasn’t until I was a college freshman. I was 19. I could tell you that I wanted everything to be perfect, but honestly, I just wanted it to work. I knew what I had to do, but I had no idea how to do it. I’m talking, of course, about my first […]

Would You Feel Guilty About a Wasted $3?

How would you feel if you wasted $3? Guilty? Like a squanderer? Would you take measures to ensure it didn’t happen again? Or could you care less? Let us know in a comment. Meanwhile, here’s how I recently changed my mindset own thinking on this very issue: Last weekend, my fiancé and I rented a […]