Category: Saving

My Earlier Post “The Power of Thrift: A Penny Saved is…” Is Currently Running on Rockstar Finance

Another of my posts has been selected to run on Rockstarfinance.com, a website that promotes itself as “A Collection of Awesome Money Articles.”  It is my post originally published on January 28, 2014 titled “The Power of Thrift: A Penny Saved Is…” If you haven’t had the chance to read it yet, take a look. …

Car Loans: Flip the Car Buying Process by Minimizing, Shortening, and Saving

Drive-in banks were established so most of the cars could see their real owners.  – E. Joseph Crossman, American businessman The Car Buying Process We established in an earlier post that we should avoid going in debt to purchase items that depreciate, or lose value over time.  Cars depreciate very quickly yet most of us,…

Everything You Need to Know About Personal Finance in 7 Words

Merrit H. Egan grew up on a dairy farm but claims his parents raised him to be great.  He lived up to those lofty expectations by becoming a successful and prominent physician in Salt Lake City.  Merrit and his wife had 11 children and they did their best to pass on the legacy of success…

Thanksgiving Thoughts on Gratitude and What it Means to Have “Enough”

This Thanksgiving season I have been reflecting on our constant quest for “more,” on what it means to have “enough,” and on gratitude.   So this week I am going to depart from offering practical advice on money management and instead turn philosophical.  We Want More, We Want More! Many of you have seen the popular…

Calculating Your Personal Savings Rate

In the last post I identified the personal savings rate as the most important measurement in personal finance (What is the Most Important Measurement in Personal Finance?)  In this post I will teach you how to calculate your personal savings rate and how to interpret the results. Historical Perspective Americans are notoriously poor savers.  The…