I couldn’t believe people spent $160 a month on their cell phone bill until I saw that on Reddit. Why? Because I pay less than $160 for an entire year. And that means over the past three years I’ve saved thousands of dollars ($5,364 to be exact).
Now, wouldn’t you rather have a few thousand dollars to take a vacation to Paris, or eat at some three star Michelin restaurant, or maybe just pay off some debt? Of course you...
I’m just like that kid who got into all eight Ivy League schools but chose the University of Alabama because it was free (only he’s way smarter). You see, I applied to a bunch of colleges and a small private one told me they’d give me full tuition. I said, “Where do I sign?” before they could take it back.
My first semester there was a disaster. I had no idea how to study, and I...
Working at my first job out of college I didn’t have any money, and I didn’t know how to cook. So every day for lunch I’d bring cheap microwavable dinners – linguini with clams – and eat in the break room.
But as my career progressed and I made more money I started going out for lunch. Every day I’d drive 15 miles round trip to eat from a table covered with white paper. And pay $12 to do it.
That’s what I’d call lifestyle inflation. It’s when your spending goes up as your income goes...
For over a decade, Steve Jobs, the billionaire co-founder of Apple, wore the same thing every day: a black turtleneck, Levi’s jeans, and New Balance sneakers.
Picking up the mantle, Facebook founder Mark Zuckerberg wears a gray T-shirt every day and President Obama picks between a solid navy or charcoal suit. During an interview with Vanity Fair he said, “I’m trying to pare down decisions […] because I have too many other decisions to...
In the Everyday Dollar Diaries series, real people wrote down what they spent over the course of a week, and then I published the results anonymously. It’s been really popular, because all of us want to take a peek at how others spend.
But the purpose of the series isn’t to be a passive voyeur, it’s to challenge yourself to keep your own diary for one week, because knowing what’s happening with your money is the first step to get control over your finances.
Many of you will immediately see the benefits, and will want to continue...
