More Money Less Problems 10
Welcome to Vermillion’s More Money, Less Problems, our monthly link roundup.
We comb the internet for fun and important stories about money so that you don’t have to. Want more? Check out our other roundup posts in the series!
Why We Don’t Save #4: “My partner won’t budget.”
Addressing your financial communication is a vital part of your financial future. So what do you do when your partner won’t budget?
5 Personal Finance Tips to Help Young Adults Get Ahead
It’s never too early to start planning for your financial future. These tips can help you build your savings, boost your credit score, and safeguard your finances against fraud.
What No One Will Tell You About The 50/30/20 Rule
Most analyses of this budgeting trick are missing just a few important details.
Links of the month
Vicki Robin on the ABCs of wealth
The prolific author of Your Money Or Your Life recently wrote about different types of ‘capital’: [A]bilities, [B]elonging, [C]ommunity, and [s]tuff.
(Triple Bottom Line FI)
How an Ex-Cop Rigged McDonald’s Monopoly Game and Stole Millions
“Jerome Jacobson and his network of mobsters, psychics, strip-club owners, and drug traffickers won almost every prize for 12 years, until the FBI launched Operation ‘Final Answer.’” We can’t make this stuff up, people.
(The Daily Beast)
Why is Inflation the Single Biggest Retirement Threat?
The basic rule is to assume inflation will double your spending every 24 years. Living on $50k and retiring in 48 years? Plan on needing $200,000 to keep the lights on.
I Made One Simple Financial Change and It Lowered My Spending
This should sound very familiar to readers of this blog.
(The Atlanic via Pocket)
I tried ‘kakeibo’: The Japanese art of saving money — and it completely changed how I spend my money
Mindful spending, with a pen-and-paper element. Read more about the kakeibo method.
The Great Affordability Crisis Breaking America
It’s not just about wages. It’s about cost-of-living.
The Biggest Lie in Personal Finance
“The biggest lie in personal finance is that you can be rich if you just cut your spending. And the financial media feeds this lie by telling you to stop spending $5 a day on coffee so that you can become a millionaire.” This. It’s important to save, but it’s also important to bring in enough income to do so.
(Of Dollars and Data)
Has anyone recommended whole life insurance to you as an investment vehicle? They’ve definitely recommended it to me – personally, I see insurance as very separate (but important) from my investments.
Got any suggestions or stories to share? Let us know in the comments!