moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Budgetting
Little Things Matter Too
When you come to a stop sign and look both ways, which kind of intersection is most dangerous? I was driving recently with a friend and we came to an intersection where you could see for at least half a mile to both the… Continue Reading “Little Things Matter Too”
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A Way to Value Expenditures
Milton Freidman proposed a way to think about behaviour based upon two vectors. Who uses the product and whose money buys it. There are four conditions. Buy for me with my money. In this configuration, I will tend to be concerned about the product… Continue Reading “A Way to Value Expenditures”
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Control Variability
Financial planning follows an order. Some people skip steps and go back later to fix that. Others go very quickly and reach the pinnacle. Some miss the first step and events overtake them. Life is not simple, but we can deal with the variable… Continue Reading “Control Variability”
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How Not To Suck At Buying Insurance
Any kind of insurance. Warren Buffett claims that risk is what happens when you don’t know what you are doing. You can cure some risks with insurance. That decision should not add more risk to your life. Here are some things to know first.… Continue Reading “How Not To Suck At Buying Insurance”
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Businesses Have an ORG Chart For A Reason
If you ran a reasonable sized business, how would you organize it? Think of it in layers. Call them operations, planning and deciding, and vision and purpose. For a very small businesses all three layers overlap. For larger ones they are more distinct. Vision… Continue Reading “Businesses Have an ORG Chart For A Reason”
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How Much Is Frugal Worth?
There are only two ways to have more money. Earn more or spend less. Spending less may be the easier. There are ways to live as you want at a lower price. Sometimes convenience forces a higher amount but that is okay. What we… Continue Reading “How Much Is Frugal Worth?”
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Don’t Start
In 1977, Fleetwood Mac had a hit, “Don’t Stop.” Bad advice for spending. For spending, sometimes the best advice is “Don’t Start” Every decision must be examined for a future cost component. The downstream costs are often bigger than the one that starts it… Continue Reading “Don’t Start”
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Why Keep Track?
What is the accounting department for? If you could avoid filing tax returns, would you even have one? Information used to be power but not now. There is too much of it to be useful. Meaning though, remains useful and you need information to… Continue Reading “Why Keep Track?”
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Will You Pay $125,000 For One Cup Of Coffee A Day?
A 100-foot fall will kill me, but a 1-foot fall repeated 100 times has no effect. Your budget doesn’t work that way. Spending $1 a hundred times and spending $100 once are identical in their effects. Budgeting is an important aspect of financial planning.… Continue Reading “Will You Pay $125,000 For One Cup Of Coffee A Day?”
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