More Money Less Problems 13
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 You Should Write Down What You Spend
Slash your discretionary spending with this one spending hack.
7 Tips for Surviving A Recession After You Failed To Prepare
Plenty of articles have advice on how to prepare for a financial recession – but what do you do once you’re in one?
Links of the month
The revenge of the latte factor
So happy to see this attitude get rebuked. Ditch the shame and re-run those numbers…
Life is Not a Buffet
You might envy someone else’s life – but I’ll bet it’s just part of what they’re carrying around. Would you still want it if you had to take the whole kit and caboodle?
(Emily Guy Birken)
Live Now or Save For Later: The Now or Later Fallacy
#YOLO on one side, burnout on the other.
(Physician on FIRE)
The Modern Trap of Turning Hobbies Into Hustles
You don’t need to monetize your joy. Just remember that unfortunately you do still need to do something for money while you live in this society.
Doordash and Pizza Arbitrage
“If someone could pay Doordash $16 a pizza, and Doordash would pay his restaurant $24 a pizza, then he should clearly just order pizzas himself via Doordash, all day long. You’d net a clean $8 profit per pizza.” Ha! What even…. just read it. “Was this a bit shady? Maybe, but fuck Doordash.”
Will spending an extra $500 a month actually improve my life?
A FIRE-bound working stiff runs the numbers on his nest egg and decides to experiment. His budget follows a principle called conscious spending – opting to spend more on specific categories.
(My Money Wizard)
The Million-Dollar Price Tag Of Being A Stay-At-Home Parent
We’ve written about the veritable two-income trap in our analysis of the 50/30/20 budget. This can be an eye-opening shock for parents especially.
(Costa Rica FIRE)
Finnish month-to-month income pilot improved wellbeing, study finds
Even the pope suggested in his Easter address that “this may be the time to consider a universal month-to-month wage”. Some interesting results!
Life changing economic theories, applied to personal finance
A fun rundown of six month-to-month theories. I don’t necessarily agree with how the author applies them to personal finance, but that’s the danger of using broad strokes. (The Woke Salaryman)
Got any suggestions or stories to share? Let us know in the comments!