Mental Accounting and How We Spend Money

Mental Accounting and How We Spend Money

We all have quirky behaviours when it comes to managing money. One trick we fall victim to is called mental accounting. We separate our money into different types of mental accounts, with different rules, depending upon how we get it, how we spend it, and how it makes...
Why Don’t I Pay Off My Mortgage?

Why Don’t I Pay Off My Mortgage?

Followers of this blog know that I tend to focus on saving and investing rather than trying to pay off my mortgage faster. Indeed, our household assets are projected to exceed $1 million this year but we’ve still got a $200,000 mortgage to contend with. So why don’t I...
Is Outsourcing The Key To Happiness?

Is Outsourcing The Key To Happiness?

In his best selling book, The 4-Hour Workweek, author Tim Ferriss explains how outsourcing your to-do list can result in a more ideal work-life balance. Instead of being glued to your phone and email like most busy professionals and entrepreneurs, Ferris recommends...
Addition By Subscription Subtraction

Addition By Subscription Subtraction

Anyone born before 1990 should remember Columbia House – the “world’s largest record club” – whose claim to fame was offering dirt-cheap music upfront to members who joined its mail-order subscription service. The company made billions by using something called...
Give It Away Now (A Modern Potlatch)

Give It Away Now (A Modern Potlatch)

Long before Marie Kondo had us magically tidying up our homes, keeping only the items that ‘spark joy’, the indigenous peoples of the Pacific Northwest Coast were giving it all away through an elaborate ceremony called a potlatch. The literal word...

Worthwhile Fees To Pay

There are some fees we just love to hate and so we try to avoid them at all costs. Whether it’s bank fees, credit card annual fees, or late fees at the library, the idea of voluntarily paying a fee is anathema to anyone with a frugal mind. But some fees can be...

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