Money in marriage

This is a post that discusses this post about a man who finds out that his wife has been hiding credit cards from him while he’s been working to pay off their debt. It’s an interesting story, but what really got my attention was the comments.
The post describes a husband dealing with his wife’s duplicity [...]

Tax Returns and Found Money

We have an odd attitude towards tax returns and pretty much any money we get from the government.  As this money falls outside the limits of our regular salary, it usually hasn’t been allotted to pay any particular bills, and isn’t needed for day-to-day expenses.  So, what do we do with it?  We spend it [...]

Retirement and Other Concepts and Traditions

I’m a great fan of The Div-Net, a blog on dividend and value investing. Not being as knowledgeable about the topic as I want to be, I find the posts there to be quite educational.
However, in a recent post titled “How much money do you really need to achieve financial independence?” I found something to [...]

Good news never lasts

A recent WiseBread post discusses how people’s standards of living tended to rise linearly before the advent of credit cards, and how they don’t necessarily now because credit-card holders can borrow money against their future to raise their standards of living in the present. The author, Philip Brewer, discusses being deliberate about raising one’s standard [...]

The Price of Immediate Gratification

We live in a now world. We’re not taught to delay satisfaction of our wants and desires, but why is it so important to own something new at the first moment possible?
Marketing.
If you look at marketing, there are curves of acceptance. Early Adopters is the term for people who pick up something early on. They [...]

Keeping up with the Jones…. In Reverse

We know that humans are a competitive species. In this blog, my fellow writers have brought up the concept of “status” and its perils.
So, we know it exists. The question we have to ask ourselves is how we can use this to our advantage.
Can we? It seems a big stretch, but perhaps we can be [...]

Letting fear act on you

“Should we buy more angelfood cake mix?” I wondered as my husband and I walked down the aisles of our local Kroger. “It’s only up twenty cents.”
“I’m not buying beef jerky,” my husband said several aisles later. “I can’t stomach paying that much for that little.”
“Eggs are almost as bad as back in Seattle,” I [...]

The Psychology of Budgeting

I confess, I am an optimist.
Not a wide eyed and naïve one, rather I am a cautious optimist who tries to plan ahead for things. Sadly, my optimism does someone lead me to underestimate things.
A recent study from the University of Southern California called “Will I Spend More in 12 Months or a Year? The [...]

5 Ways we Lie to Ourselves about Money

We’ve talked about the different ways that our brains and the way we think can work against us when it comes to money, but what about how we outright lie to ourselves?
Yes, in many ways, we’re the victim of our own lies when it comes to money. But generally, even if we trick ourselves into [...]

Sunk costs don’t have to sink you

It’s finishing the $3 brownie that turned out to taste like chalk. It’s going to a Mahler concert, even though you hate Mahler, because you had season tickets to the symphony. It’s proposing to your girlfriend, even though you’re not sure you want to, because you’ve been together so long. It’s the sunk-cost fallacy, and [...]

Emotion can be the enemy

Apparently, movies are the next to go in airlines’ attempts to make up for rising fuel prices. US Airways will be removing movie service on its flights November 1, and expects to save some $10,000,000 a year by doing so. They have also decided to start charging for beverages. And, of course, they were among [...]

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Personal Neurofinance Blog by Ivan Widjaya is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License. Based on a work at www.moneyandminds.com. Permissions beyond the scope of this license may be available at http://www.moneyandminds.com.

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