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Don’t let your emotions drive your car-buying decisions

This article is by staff writer Sam, the Financial Samurai.

I was in the 6th grade when I first laid eyes on her. She was a 1989 BMW 635i Coupe that did donuts in the school’s parking lot after class thanks to an obnoxious, rich 11th-grader who got the car as a birthday present. I was immediately smitten and promised myself one day I’d be able to buy such a car too.

The new 6 series BMW came out in 2005 and all the memories came rushing back. What cost only $35,000 then now cost $75,000 thanks to inflation and an infinite amount of new features. I don’t know about you, but $75,000 is a big chunk of change and is way beyond my 1/10th rule for car-buying I say everyone must follow.

Breaking the stress spending cycle

This article is by staff writer Kristin Wong.

Lately, life has been a little hectic. I have a full schedule of work. I’m trying to plan a surprise party. I’m working on three different passion projects. My laundry needs to be washed. Hell, I need to be washed. It’s noon and I haven’t even showered.

I don’t mind a packed schedule, and I’ve learned to better manage my time. But for those moments when a lack of time gets the better of me, and my stress level rises, I’ve noticed something unsettling: I have a really careless attitude about money.

In short, I’ve been stress spending. Some of it is emotional, and some of it is spending out of convenience. Here are a few examples of my recent stress spending:

  • Instead of cooking, I’ve been ordering takeout.

How I paid less in property taxes

This article is by staff writer April Dykman.

Today I present the second and final installment of my property tax saga — the informal hearing. (You can check out the first post here.)

To briefly recap, I’m a new homeowner and my assessed property value shot up by 31 percent from last year. So that, along with the fact that I have a tax-protesting father to please, landed me in County Appraiser Brad’s cubicle for an informal hearing.

The bad news

First, County Appraiser Brad pulled up three comparable properties, meaning they were in my general area and fairly close in size, year built, etc.

Working from home … with distractions

This article is by staff writer Lisa Aberle.

Although I have liked almost every job I’ve ever had, I decided early on in my professional career that the most important thing to me was schedule flexibility. And so, I gravitated toward jobs that were flexible, and each new job had more flexibility than the last. I haven’t had a strict schedule since 2007, and I have to say, I like it like that.

Reader Story: Update on a dad in need of retirement help

This guest post is by reader Mike in New Hampshire. Mike wrote an Ask the Readers article last year, looking for ideas to help his dad get set for retirement. He wrote to us recently and asked if he could update their story. We were only too glad to provide a forum for them.

It has been a little over a year since I wrote in looking for suggestions on how I could help my father retire. I want to thank everyone so much for the comments, ideas, and support – they came at a time when I really needed it. In the end the solutions came not from me but from the relationships he had formed and the sacrifices he had made over the years. Everyone loves a story with a happy ending, right? Let’s get to it.

Ask the Readers: Do singles need to plan differently for retirement?

This article is by editor Ellen Cannon.

I’ve been single since I was divorced in my 30s, and I’ve been planning my retirement on the assumption that I will be single till the end of my days. I’m feeling comfortable financially with where I am in my plan. Yet when I was offered the opportunity to talk to Jacob Gold, a Certified Financial Planner and retirement coach with Voya Financial, about women and retirement, I said yes in a hurry.

On average, women outlive men by five or six years, so even if a woman is married now, chances are she will be living some of her retirement as a single. Gold is based in Scottsdale, Arizona, a popular retirement destination and he works with a lot of retirees. “More and more, a large segment of our practice is individuals who are single or newly widowed,” Gold says. “Often they have not discussed being single in retirement.”

Car payments: ‘Til death do us part

This article is by staff writer Holly Johnson.

Your car breaks down on the side of the road … again. It’s rush hour and it won’t start. You have to have it towed and you’re not happy about it. At all.

So what do you do?

You head to the local dealership in a fury, ready to replace it with something far more reliable, but also affordable. But the dealership has a few tricks up their sleeve and, according to Paul (the salesman helping you), it must be your lucky day. Amazingly, your car died at the most opportune time in history.

“Amazing deals are on the table for today only, folks, and we are in the midst of a complete liquidation,” says Paul. “Prices are being slashed left and right, and you need to act fast.”

“This is the sale of the century!!!”

Weird ways our brains control our money habits

This article is by staff writer Kristin Wong.

I’ll admit it. I’m a sucker for money psychology studies. And it’s not just because I write about money. On a sheer curiosity level, they’re fascinating.

But they also serve as a great reminder that money is more about mind than it is about math.

Are you ready for a major power outage?

This article is by staff writer William Cowie.

Have you considered how your life would freeze to a standstill if a general outage cut electric power for more than two or three days? As every summer dawns, it’s a question more and more people ask, because demand for electric power is growing inexorably, and summertime is when the grid always gets strained to the max. Many experts say all it will take is one unusually bad heat wave and a single computer glitch. The last major outage happened in the summer of 2003, and it affected over 55 million people.

More on motivation and money

This post is by staff writer Honey Smith.

In my last post, I talked about motivation and money. Motivation is a huge yet under-discussed concept in personal finance, I think. While big wins may be the quickest way to wealth, that doesn’t mean you’ll reach your goals overnight. Even if you have become wealthy, you still need motivation to manage your money and prioritize your spending. After all, if you want to stay wealthy, then you can have anything you want but not everything you want. And if (like most of us) you’re not wealthy yet, you may have to be even more ruthless in your prioritization.