investing
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The Financial Advice All Experts Agree On
3Personal finance is like nutrition: It seems like the experts in this arena can’t agree on anything, whether it’s setting up an emergency fund or paying off your mortgage early. Despite all the contrasting opinions, though, most people agree on at least five basic fundamentals.
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How My Finances Changed This Decade
In 2009, I was 27 years old and a year into my first full-time job with benefits. I was working as an executive assistant at a think tank in Washington, DC, and had ended up in this job after spending the past five years telemarketing, temping, going to grad school to get a MFA in…
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Beware ‘Alphabeticity Bias’ When Picking Investments
You already know that many of your financial decisions aren’t made rationally: Recency bias, sunk-cost fallacy and mental accounting all play major roles in how we spend, save and think about our money. But you also need to be aware of bias when you’re picking investments.
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Follow This One-Size-Fits-All Financial Advice
One of the underlying principles of Lifehacker is that not every hack works for every person. This is especially true of money advice, because everyone’s individual situation and goals will vary dramatically from everyone else’s. You might overspend when using a credit card, for example, so advice on the best rewards card doesn’t work for…