Wealthy Wednesdays: When We Fall for Our Own Faulty Thinking

“If something costs $1,000, but it’s on sale for $750 and then you decide to buy it, you did not just save $250. You spent $750.” Faisal Khan, banking consultant, a quote I pilfered from a question he answered on Quora.

IMG_4772It was synchronicity that I found this quote on Quora (I love Quora). Seconds before I was writing a chapter in a new book on how to ditch coupons and still save money grocery shopping and I was trying to explain the perception of the “you saved this much money” line often used on store receipts. I have said time and time again…it is never about how much money you think you’re saving, it’s really about how much you’re actually spending.  Continue reading “Wealthy Wednesdays: When We Fall for Our Own Faulty Thinking”

credit cards

New! Wealthy Wednesdays’ Nugget of Financial Advice

credit cards
Are you charging a …need…or a want? Sometimes credit cards can save the day on a need (broken water heater in our experience!!). Photo: Pixabay

Wealthy Wednesdays is a post where you’ll find a piece of financial advice or two that we report on from around the Web. Continue reading “New! Wealthy Wednesdays’ Nugget of Financial Advice”

Tightwad Gazette books

What is the Single, Most Effective Piece of Financial Advice You’ve Ever Received?

Tightwad Gazette booksQuora.com is fun to browse and today I saw a valuable question with over 100 answers, each with thousands of views from Quora readers. The question?

“What is the single, most effective piece of financial advice you’ve ever received?”  Continue reading “What is the Single, Most Effective Piece of Financial Advice You’ve Ever Received?”