Category - Budgeting

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5 Tips To Avoid Overspending for the Holidays
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Stop Borrowing From Yourself
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The Economics of a Thanksgiving Turkey
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Five Principles Of Spending
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Do New Healthcare Plans Cost More?

5 Tips To Avoid Overspending for the Holidays

wpid-Photo-Nov-22-2012-933-AM.jpgThe Holiday season is the time of year when we get into the spirit of giving and start our lists of who’s been naughty and nice. With Black Friday and Cyber Monday over, there are still plenty of days left to shop for friends and loved ones.

It can be tempting to get caught up in the spirit of giving so much that after the Holidays are over we’ve put ourselves in a financial bind. The following are five tips to consider this Holiday season to avoid overspending.

  1. Make a list (check it twice). Write down a list of the
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Stop Borrowing From Yourself

Stop Borrowing From Yourself

Back in 2008, famous psychologist Philip Zimbardo came out with “The Time Paradox,” a book where he focuses on how our perception of time affects our lives. His Time Perspective Inventory scores individuals in six different time perspectives: two past, two present, and two future perspectives.

Although we can only materially experience the present, Zimbardo says that people who live in the future are by far the most successful. Western civilization rose and prospered because of our future-oriented culture. Unlike present hedonists who live in their bodies, Zimbardo writes, “Futures live in their minds, envisioning other selves, …

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The Economics of a Thanksgiving Turkey

The Economics of a Thanksgiving Turkey

Turkeys have always been an interesting study for economics. Because of the consistency of their demand in America, the price of a Thanksgiving turkey can be used as an indicator of inflation.

Since 2005 the average cost of a 15-pound frozen turkey has risen from $16 to $27, a 68.7% increase. Official inflation statistics suggest the price should only have risen 19.3% to $19.09. Part of the cost increase may be due to ethanol mandates driving up corn prices. Another effect is the government’s underreporting of inflation.

Turkey production is down this year, and wholesale prices are …

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Five Principles Of Spending

Principles of Spending

Mitch Anthony is the author of “The New Retirementality“, a book we often give to clients considering retirement. He has a nice article in the November issue of Financial Advisor Magazine entitled, “A Life Well Spent.” The point of the article is that life planning is where comprehensive wealth management ought to start. Life planning conversations with clients, while not as frequent as the day to day financial planning, are nevertheless the most meaningful and potentially life-changing discussions.

When trying to raise financially savvy children, there are three things they need to learn: how to …

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Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

The country just finished the midterm elections. Open enrollment for the Affordable Care Act (ACA) begins on November 15. The powers that be pushed it back this year so it would happen after the elections, hoping health care notifications wouldn’t affect the election results. However, rate increases were being sent out just before Election Day.

Last year plans were being cancelled, showing that Obama’s promise that people could keep their health care plan if they liked it was a bald-faced lie. This year rate hikes are in the double digits. They prove that the promise of making health care …

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