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#personal-finance

This Dangerous Money Habit Is Becoming More Common And Experts Are Begging You Not To Do It

A temporary social media break can help curb impulsive spending and improve personal finances during the holiday shopping season.

We Approach Budgeting Like Dieting. That's Why It Doesn't Work

Relying solely on budgeting as a financial strategy may be ineffective, similar to how dieting often fails in achieving health goals.

My husband and I eliminated clutter and $32,000 in credit card debt by turning it into a game

We eliminated our credit card debt by changing our consumption habits and turning debt repayment into a manageable game.

New Year, New Money Mistakes? The Biggest Financial Pitfalls to Avoid in 2025

Embrace 2025 as a year to reassess and avoid common financial mistakes like neglecting emergency savings and overspending on resolutions.

Dave Ramsey says this tiny change could save you thousands every year

Tracking spending habits is crucial to financial health.
Small daily expenses can lead to significant annual waste.
Dining out frequently contributes to unnecessary spending.

I'm 40, earning $500,000 a year, but have nothing left at the end of the month - how do I get off the hamster wheel?

James struggles to save money despite a high income due to lifestyle inflation and excess expenses.

This Dangerous Money Habit Is Becoming More Common And Experts Are Begging You Not To Do It

A temporary social media break can help curb impulsive spending and improve personal finances during the holiday shopping season.

We Approach Budgeting Like Dieting. That's Why It Doesn't Work

Relying solely on budgeting as a financial strategy may be ineffective, similar to how dieting often fails in achieving health goals.

My husband and I eliminated clutter and $32,000 in credit card debt by turning it into a game

We eliminated our credit card debt by changing our consumption habits and turning debt repayment into a manageable game.

New Year, New Money Mistakes? The Biggest Financial Pitfalls to Avoid in 2025

Embrace 2025 as a year to reassess and avoid common financial mistakes like neglecting emergency savings and overspending on resolutions.

Dave Ramsey says this tiny change could save you thousands every year

Tracking spending habits is crucial to financial health.
Small daily expenses can lead to significant annual waste.
Dining out frequently contributes to unnecessary spending.

I'm 40, earning $500,000 a year, but have nothing left at the end of the month - how do I get off the hamster wheel?

James struggles to save money despite a high income due to lifestyle inflation and excess expenses.
morepersonal-finance
#financial-planning

The Financial Detox You Need This January to Start the Year Right

January is an optimal time to start a financial detox to improve control over your financial health.

We're a family of four spending $360k annually but make over $1 million - are we overspending?

High-income earners may still find themselves struggling to save despite what seems like manageable spending.

I have a small family and just a little less than $1 million saved - how do I determine how much I'll need to finally retire?

Balancing high spending with early retirement goals is challenging.
A disciplined financial approach is key to achieving early retirement.

The Financial Detox You Need This January to Start the Year Right

January is an optimal time to start a financial detox to improve control over your financial health.

We're a family of four spending $360k annually but make over $1 million - are we overspending?

High-income earners may still find themselves struggling to save despite what seems like manageable spending.

I have a small family and just a little less than $1 million saved - how do I determine how much I'll need to finally retire?

Balancing high spending with early retirement goals is challenging.
A disciplined financial approach is key to achieving early retirement.
morefinancial-planning
#net-worth

Millennials 'scarred from the Great Recession and COVID' are financially outperforming Gen Xers and boomers at the same age

Millennials are financially better off than Gen X and boomers, with higher net worth and asset ownership due to lessons learned from past economic challenges.

I'm in my 30s and I've got a $5 million net worth and I get stressed when I spend $100. How can I change my mindset?

Financial anxiety may require professional help, such as a therapist or financial advisor.
Understanding the difference between net worth and liquid cash is crucial for financial well-being.
Achieving a high net worth at a young age can create spending anxiety.

Millennials 'scarred from the Great Recession and COVID' are financially outperforming Gen Xers and boomers at the same age

Millennials are financially better off than Gen X and boomers, with higher net worth and asset ownership due to lessons learned from past economic challenges.

I'm in my 30s and I've got a $5 million net worth and I get stressed when I spend $100. How can I change my mindset?

Financial anxiety may require professional help, such as a therapist or financial advisor.
Understanding the difference between net worth and liquid cash is crucial for financial well-being.
Achieving a high net worth at a young age can create spending anxiety.
morenet-worth

Discover How to Save Hundreds Each Year with Smart Cash Back Strategies

Maximizing cash-back rewards is achievable through strategic card selection and diligent spending habits.
#consumer-behavior

Use these strategies to avoid impulse buying

Impulse buying can lead to financial regret and hinder long-term goals, especially under high inflation.
Implementing strategies like reflecting before purchases and creating a shopping list can curb impulse buying.

The myth of the millennial minimalists

Millennials' reputation as minimalists does not hold true; they are spending on both experiences and physical goods.

Tell us: are you splurging on luxury goods you can ill afford?

People's spending habits on luxury goods and experiences are changing, influenced by various factors.

Less time at bars and pubs, more marathons: A snapshot of our 2024 leisure lives

Experience-driven leisure growth with focus on live events
Socializing motivates leisure spending and attendance

Use these strategies to avoid impulse buying

Impulse buying can lead to financial regret and hinder long-term goals, especially under high inflation.
Implementing strategies like reflecting before purchases and creating a shopping list can curb impulse buying.

The myth of the millennial minimalists

Millennials' reputation as minimalists does not hold true; they are spending on both experiences and physical goods.

Tell us: are you splurging on luxury goods you can ill afford?

People's spending habits on luxury goods and experiences are changing, influenced by various factors.

Less time at bars and pubs, more marathons: A snapshot of our 2024 leisure lives

Experience-driven leisure growth with focus on live events
Socializing motivates leisure spending and attendance
moreconsumer-behavior

You be the judge: should my daughter stop spending so much on beauty products?

Young people, influenced by social media, often prioritize beauty routines and products that may not be necessary, leading to questionable spending habits.

I Have Three Cats (And Wayyy Too Much Stuff For Them), But These 20 Products Are A Must Have

Cat owners often indulge their pets with numerous purchases.
A large portion of spending by pet parents is on their pets.

Here's how much Kate Winslet and Cameron Diaz's characters spent abroad in 'The Holiday'

The financial comparison of Amanda and Iris's holidays in 'The Holiday' illustrates major differences in spending habits, showcasing themes of indulgence vs. practicality.

Financial Expert Points Out The Cost Difference Between Men's And Women's Hobbies

The financial advice for women often unfairly targets their spending habits while ignoring the financial choices of men.
#debt-management

How to combat lifestyle creep with a financial fast

Lifestyle creep leads to increased spending and financial stress, which can be addressed through a financial fast.

Suze Orman says a budget is a dumb idea to try and save money - and to do this first instead

Understand your income and spending habits before creating a budget for effective financial management.

How to combat lifestyle creep with a financial fast

Lifestyle creep leads to increased spending and financial stress, which can be addressed through a financial fast.

Suze Orman says a budget is a dumb idea to try and save money - and to do this first instead

Understand your income and spending habits before creating a budget for effective financial management.
moredebt-management
#wealth-management

Non-Rich People Are Revealing Their Encounters With "Old Money" Vs. "New Money," And It's Wild

New money holders view wealth as an end goal, while old money holders see it as a means to achieve broader success.

We're in our 70s, have $6 million in savings, and receive Social Security - why can't we let ourselves enjoy it?

Stewart and his wife can enhance their lifestyle by utilizing their substantial savings, despite their ingrained frugality.

Non-Rich People Are Revealing Their Encounters With "Old Money" Vs. "New Money," And It's Wild

New money holders view wealth as an end goal, while old money holders see it as a means to achieve broader success.

We're in our 70s, have $6 million in savings, and receive Social Security - why can't we let ourselves enjoy it?

Stewart and his wife can enhance their lifestyle by utilizing their substantial savings, despite their ingrained frugality.
morewealth-management

My Son Expects Me to Wreck My Nest Egg to Fix His Absurd Financial Mistakes

Financial habits can be inherited, often despite parental guidance.
Teaching fiscal responsibility doesn't always ensure children will follow those lessons.

Scientists just found out something surprising about being bored at work

Embracing boredom can spark creativity and help achieve goals, rather than avoiding this emotional state.
from New York Post
3 months ago

Exclusive | Booze till you're broke: Over 75% of New Yorkers admit to 'financial hangovers'

New Yorkers experience significant financial hangovers, with 77% admitting to excessive spending on nights out.

I realized my spending was out of control and started a 'no-spend era.' Since June, I've saved over $5,000.

Stephanie Noble's no-spending journey transformed her relationship with money, saving over $5,000 and restoring her time and self-worth.

EPL 2024: Premier League Transfers Report Card, every team's moves graded, analysis, Ange Postecoglou Spurs, Chelsea signings, Manchester United moves

Clubs focused on financial regulations instead of marquee signings during the 2023-24 summer transfer window.
from Business Insider
4 months ago

Gen Z men and women spend their money and free time very differently

Gen Z exhibits distinct leisure and spending habits influenced by gender, with women favoring community-oriented activities and men gravitating towards competitive tech-driven experiences.
#financial-literacy

Don't look now but Gen Alpha already has billions in spending power-and they want Nike and Starbucks

Gen Alpha kids exhibit strong financial assertiveness and spending habits, driven by factors like easy digital transactions.

These 3 Zodiac Signs Could Use A "No-Spend Month"

A no-spend challenge promotes mindfulness in spending by encouraging individuals to avoid non-essential purchases for a set period.

Don't look now but Gen Alpha already has billions in spending power-and they want Nike and Starbucks

Gen Alpha kids exhibit strong financial assertiveness and spending habits, driven by factors like easy digital transactions.

These 3 Zodiac Signs Could Use A "No-Spend Month"

A no-spend challenge promotes mindfulness in spending by encouraging individuals to avoid non-essential purchases for a set period.
morefinancial-literacy

The Psychology of Money

Financial decisions can be more psychological than economic, impacting spending habits and overall well-being.

Is your tax refund 'fun money'? Here's how experts say you should spend it

Taxpayers receive average $2,852 refund, often seen as splurge money, should be used to advance financial goals like debt repayment and savings.

Mapped: The UK cities where people are most likely to stay in since Covid

Residents in Plymouth spend less on nights out compared to other UK cities.
Belfast and Manchester are the top party capitals in the UK, leading in frequency of going out and money spent.
The average UK night out costs 67 pounds with alcohol being the major expense, but people are spending less compared to previous years.

Why We're Spending So Much Money

Frictionless transactions enabled by fintech lead to increased spending without realizing it.
Record-high spending in the US despite inflation and economic warnings.

Consumer confidence in current economic conditions

Consumer confidence surveys can provide valuable insights into consumer sentiment and spending habits.
The University of Michigan's Index of Consumer Sentiment and the Conference Board's Consumer Confidence Survey have diverged in their estimates in recent years.

8 Simple Ways to Keep Your Finances in Check This Year | Entrepreneur

Focus on improving your credit score by minimizing debts and making on-time payments.
Organize and budget your spending to track where your money is going and cut costs.

PSG threaten legal action against Lyon owner Textor

PSG threatens legal action against Lyon owner for defamatory statements.

Harriette Cole: I make more than my fiance, and his mother humiliated me with a prenup demand

Starting marriage with honesty is crucial for open communication about finances and family dynamics.
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