Financial Decisions: When Common Sense is Not Common

I still wonder why common sense is so named. I feel native sense or something similar is more like it. In my experience, common sense is not common especially when it comes to money. The challenge lies in the way we make financial decisions, especially when it comes to spending. We spend with our emotions [...]

To Save and to Keep

Spending less than you earn is common sense. An average employee or income earner knows this deep down. Spending less than one earns is one of the usual suspects in many a failed New Year Resolution. We routinely give in to aimless spending in the holiday season, pay the price in the New Year as [...]

Are You Cruising on a Financial Treadmill?

If you are still where you were financially last year, chances are, you are cruising on a financial treadmill. Money comes into your hands every month, and you spend it on the usual suspects. By the time the dust settles, you are still where you were before the money came into your hands. You are [...]

More On Our Money Reflexes

What is your common reflex action when it comes to money? When you enter a car – you reach for the seat belt. When you touch a hot object – you snatch away your hands. If a flying object comes towards you – you duck. When money comes towards you – YOU SPEND. We tend [...]

Money Questions: Finding Out The Why?

When it comes to money, we often do not stop to think through before we act. The answer to why holds the key to why we do the things we do, and consequently get the results we get. If we are not getting the results we desire, it means we may be doing something wrong. [...]

How to Stick to Your Budget

Sticking to your budget is a no win battle for many. There are tons of advice online and offline about how to make a budget and stick to it. There is nothing wrong with the advice, things you need to do or formulas you need to follow. Making a New Year Resolution is not the [...]

Changing Your Spending Habits

Spending is largely an emotional decision, and while formulas or steps to reduce spending can work in the short term, we usually fall back to old patterns and habits of spending. Adverse economic conditions can cause slow down in spending, but the moment we feel more secure (consumer confidence), the party goes on from where [...]

Learn How to Spend (Smartly) Rather Than How to Save

You can become rich by saving, but it is a very slow and painful process. You will end up becoming a cheapskate, penny pincher and perpetually denying yourself the things you desire, saying no to what you want and yes to what you only tolerate. Let’s be real to ourselves, money enhances enjoyment of life. [...]

Turning Cash to Thrash 2 – Why Are We So Hostile to Cash?

Normal spending habits of everyday people look pretty abnormal when you look at it from the perspective of wealth accumulation. From the standpoint of the rich, it looks very abnormal for a sane individual to wake up one morning, go to his bank or an ATM machine, withdraw money from his savings and go give [...]

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