Tagged With personal finance
Everyone wants to sell their old phones, but it's somewhat intimidating. Getting rid of old devices is a huge hassle, especially when you have to clean it up, deactivate accounts, and find a place that will actually give you a decent amount of cash for your device. It's a chore no one wants to deal with.
Thankfully, trading in your device for some cash, especially before new smartphones debut, is a pretty simple process when you take it one step at a time. You'll feel better by decluttering your life, you'll make some money you can use toward your next device, and you can do it without meeting some stranger in a McDonald's for the handoff.
Read one article about personal finance and you know that compound interest is one of the most important reasons to start saving and investing early. Well, in theory. You’ve heard that if you start investing in your 20s, you’ll have a bajillion dollars more than you will if you start in your 30s. Or something like that.
If you’re trying to get your spending in order, one of the more powerful ways to do so is to embrace the “pain of paying,” as Joe Pinsker writes in The Atlantic. That means, for one, paying for things with cash instead of credit.
Because credit cards allow us to buy now and pay later, we tend to feel better about our purchases and overspend; paying with cash is a mentally more painful way to buy something because you’re parting with your money then and there.
Now that the cold, dark winter is over (sort of), it’s time to throw open the shutters and take a look at your finances in the spring light. Maybe you haven’t been making progress toward your goal, or you want to up your savings even more, or make sure your credit card payments are on track. Whatever the case, here’s your periodic reminder to mind your money.
In the hallowed words of US poet Gertrude Stein, whoever said "money can't buy you happiness" was shopping at the wrong store. However, building wealth takes a considerable amount of skill - especially if you don't have tons of disposable income.
These personal finance books provide strategies for everything from creating a budget, to clawing your way out of debt, to teaching your kids how to be wealthy.
Living stress-free and spending time with loved ones were cited as the definition of wealth for many people in Charles Schwab's annual Modern Wealth Index, an online survey of 1000 people in the US between age 21 and 75. Meanwhile, just 11 per cent of people surveyed said their definition was "having lots of money."
I work in, or closely alongside, the financial sector and the sheer volume of ideas and opinions flying about the place is both exciting and bewildering. But it means that, for the average punter like you or me, it’s completely flawed because we don’t know what to do with our money or where to put it to best effect.