Category: Saving

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…

Personal Savings Rate is the Most Important Measurement in Personal Finance

“Save” – the sum of all financial planning wisdom in one word.  –Phil DeMuth, author and investment advisor Moneyball I recently finished reading the excellent book Moneyball, by Michael Lewis.  The book tells the story of how the Oakland A’s, with a payroll well less than half of baseball’s glamour teams such as the New York…