April 27, 2013

The Allowance Lessons

“An allowance is not a salary or an entitlement. It is a tool for teaching children how to manage money.” – Joline Godfrey When our oldest child turned four years old, we started an allowance system. Each week, we gave him fifty cents per year of his age (so, $2 as a four year old). […]

Ten Pieces of Inspiration #123

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. 1. Abraham Lincoln on friendship “We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break our bonds of affection. […]

Big 401k Mistakes

The Wall Street Journal lists four big 401k mistakes as follows: 1. Under- or over- contributing 2. Ignoring fees 3. Taking a 401(k) loan to pay off debt 4. Ignoring allocation My thoughts on these: 1. I've been contributing the max to my 401k for years. But I've also been saving in non-401k accounts as well. […]

Price-check guarantees are a great bargain … for businesses?

I was chatting with a coworker a few days ago, and the topic of price-check guarantees came up. A price-check guarantee at a grocery store says something like this: “If an item rings up for more than the price on the shelf, we’ll knock $3 off of the lower price. […]