Budgeting Versus the Fungibility of Spending

“It doesn’t matter what your name is!” –The Rock Occasionally, I get questions regarding rules of thumb for spending, such as what percentage of your income should you spend on housing or food or entertainment. While it’s easy to come up with plug-and-play formulae for all of your spending, doing so doesn’t address the true […]

Why Do We REALLY Need to Budget?

“A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” — William Feather Previously, I’ve covered what you need to do when you budget, ranging from getting a massage to having a family meeting, but I’ve never really covered why you need to budget in the first place? It’s […]

Five Edgy Ways to Save Money, or My Tribute to Stone Cold Steve Austin

“Don’t ever trust anybody.” –Stone Cold Steve Austin “That story would bring a tear to a glass eye.” –Stone Cold Steve Austin When I was growing up, I watched professional wrestling religiously. Even in high school, I still had a scintilla of belief that it might not be real, though if questioned by my friends, […]

Can You Ever Get Back From the Frugal Tipping Point?

“I went to the bank and reviewed my savings, I found out I have all the money I’ll ever need. If I die tomorrow.” –Henry Youngman “It’s a fine line between frugal and being a cheap *$#&$.” –Anonymous I loved Thomas J. Stanley’s book The Millionaire Next Door. I found the stories inspirational, and they […]