Personal Finance
Better Finances for a Better You
Topic: "Non-Essential Expenses"
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information about your money.
Budgeting
Understanding the Diderot Effect (and How To Overcome It) by Joshua Becker
Becoming Minimalist is designed to inspire people to pursue their greatest passions by owning fewer possessions →Quote of the week
"Save more money than you think you need. Life is unexpected and your future tastes will likely be more expensive. Not worrying about money tomorrow is worth more than whatever you could buy today."
- James Clear
Serious stuff
The Diderot Effect: Intertwined Behaviours by Dr. Shoury Kutappa
Our natural tendency is to consume more, not less. Taking active steps to reduce the flow of unquestioned consumption makes our lives better →Word of the week
Vampire Energy
Vampire energy, often referred to as phantom energy, is the power that electrical equipment consume while they are plugged in and in standby mode, even when they are fully charged.
At least $4 billion paid for wasted energy every year: who knew a vampire bite could be so expensive? →Budgeting
Fall Budgeting If summer is a season of spontaneity and indulgence, then fall offers a counterpoint: It's a chance to get back on schedule, and back on budget.
Fall "money cleanse" could help you get your finances in shape by Kimberly Palmer →Quote of the week
"Money, like emotions, is something you must control to keep your life on the right track."
- Natasha Munson
Saving
Check, please! The etiquette of splitting the tab
NPR Life Kit: Chef and food writer Kiki Aranita walks us through common dining scenarios to ensure the bill is handled fairly and smoothly. →Word of the week
Loud Budgeting
The Loud budgeting movement pushes individuals to be open and honest about their financial situation and to refuse offers of goods or activities that they cannot afford or do not want to spend their money on. It's a tactic meant to make your financial goals visible and audible to friends and family. The notion is that you should keep to your budget to support your financial goals rather than going beyond to live up to others' expectations.
Loud Budgeting – What it Is and how it can work for you →Word of the week
Non-Essential Expenses
These are expenses that are not necessary. Another way to identify these expenses is to determine if they are 'wants' rather than 'needs'. Non-essential expenses might consist of: - Coffee - Entertainment - Subscription services (Netflix, Disney+, etc.) - Meal delivery services (Uber Eats, DoorDash, etc.) These are unlike rent, mortgage, and food which are 'needs' or expenses that must be met.
Follow every dollar - Track and analyze your non-essential expenses →Quote of the week
"You must gain control over your money or the lack of it will forever control you."
- Dave Ramsey
Infographic of the week
How much do you spend on your daily coffee?
Mapped: The Price of Starbucks Coffee, by Country
Do you know how much you spend on daily coffee? See how you compare →← Curating the web to find the most interesting and helpful information about your money.