On the way home from work one night I was able to catch an episode of the show Indivisible on NPR. If you’re not familiar with it, Indivisible chronicles the first 100 days of Donald Trump’s presidency and has covered a ton of interesting topics in ways that don’t necessarily have to do with politics. Anyways, the episode I listened to was America’s Shrinking Middle … read more
Everything has a cost. First, there’s the upfront cost – what you initially pay for something. Then there are the ongoing costs – maintenance, upkeep, storage, and opportunity costs (what your money could have done if invested, saved, etc.).
The reason why understand costs is so important is that we are great at determining the upfront costs. We generally know how much it costs to … read more
Wants Vs. Needs. The bread and butter of topics like budgeting, frugality, minimalism, stoicism, happiness – the list goes on.
Some people will argue that retiring on $20,000 a year sounds terrible – a life of deprivation, penny pinching, always watching account balances and more constraint than freedom. Others will argue that in today’s society, $20,000 a year can buy you everything you need and … read more
When trying to solve a problem I think most people will try to find the most effective solution for the least amount of effort. At a certain point any extra effort might be considered a waste. (see the Pareto principle, also known as the 80/20 rule – which says that, generally, 80% of the effects come from 20% of the causes). Sure, you could work … read more