Even if you have planned, made lists, and started shopping for your loved ones already, there comes a moment during the whirlwind and heightened emotions of the holiday season when we find ourselves making impulsive, reactive, and unconscious spending choices. We are often swept up in the mood, and hectic pace, of the season and can easily loose our bearings. Keep reading
Black Friday arrives in just a few short days. But the way consumers will pile debt on their credit cards like never before, you have to wonder why they don’t call it Red Friday.
Accenture estimates that this holiday season, Americans will spend 11 percent more on gifts, or $646, as the appeal of Black Friday reaches a five-year high. But that’s not the only thing going up: NerdWallet’s 2013 estimates (based on Federal Reserve statistics) show that the average U.S. household credit card debt now stands at $15,159. That’s a 4.2 percent jump from 2012, when it was $14,517.
To make sure your spending doesn’t add to your debt load this holiday, you’ll need to put at least as much thought into your spending plan as your shopping list. Here are six steps to make sure you stay in the black this Black Friday and beyond. Keep reading
Impulse buying. We’ve all been there. Whether it’s a chocolate bar at the check out counter, or an $80 umbrella we found online at 2 AM. Impulse buying is something many people don’t account for in their budget and also listed as one of the top reasons people overspend by NY Money Coach, Carrie Birgbauer.
This is a guest post by author and Harvard Business School Professor, Michael Norton.
Does money buy happiness? We certainly behave as though it does, spending most of our waking hours pursuing it. If only we got that raise, owned that second home, third car or iPad, things would be better, we tell ourselves. We would finally be happy. Keep reading
This is a post by NY Money Coach, Carrie Birgbauer. Carrie is a member of Moven’s Financial Wellness Community.
There are three levels of spending plans: Bare Bones, Middle of the Road, and Lifestyle of Your Dreams. People who are in the “money fog” scrape by, live paycheck to paycheck and at the end of every month, they wonder where their money went. Keep reading
Minimalism has taken the personal finance world by storm in recent years, with blogs such as The Minimalists and Buy Nothing New for a Year gaining in popularity, as well as documentaries on minimalism making their silver-screen debuts.
But is it really about the things that we do (or don’t) buy – or is it about something bigger?
If you received a raise tomorrow, what would you do with the extra money?
Most people would celebrate—maybe with a nice dinner out or a great bottle of wine, which you deserve. However, earning more should not always change your current or long-term spending habits. Keep reading