Thursday, August 29, 2013

Money Models: Part 2

My best friend's dad just got a telescope. Maybe he can see the moon?

A while ago I did a post on people who affected the way I handle money. Here's part 2, because I'm really popular and know a lot of people. 

Monday, August 26, 2013

What I DON'T Do

Just relax. Don't be stressed about money.

Read this if: 

1) You want to know what you don't need to do when it comes to personal finance. (Of course, this is just my opinion). 


People always give advice on what you should do, but I find that a list of what you shouldn't do could be a lot more effective. Here is a list of things I don't do when it comes to personal finance. 

Thursday, August 22, 2013


I believe him.

"…I take perverse pleasure in knowing how much you're going to dominate everyone else in the personal-finance arena."

- Ramit Sethi (p.84)


The intended audience for this book was young adults. The fact that he knows his audience well is clear because the book only contains information we can use at this age, instead of everything from having children to writing wills (topics that are covered in most personal finance books I read). 

He gives so many specific scenarios, and for some of them, he even has scripts for what you would say if you, for example, call a credit card company to ask about lowering your fees. 

Lastly, he markets his book as a "Six-Week Program" that helps you get your financial life together. He shows you very clearly what your priorities should be.

Monday, August 19, 2013

Book Review: MONEY RULES - The Simple Path to Lifelong Security

Highly recommended!

"...I am aiming to understand it well enough to make use of it in my own life. And once I've done that, I can help you understand it, too." 

By Jean Chatzky 


I love this book. If I could only have read one personal finance book in my entire life (*gasp*), it would be this one. She makes these personal finance concepts so simple, and makes a really compelling case that her book is not a trick - everything really is just that simple. Her rules are a sentence long, followed by a brief paragraph that elaborates on her reasoning for sticking with that rule. 

Thursday, August 15, 2013

Federal Work Study: The Best Kind of College Jobs

Financial aid isn't just about having money handed to you.

Read this if: 

1) You want to know what Federal Work Study is. 

2) You want to know how to get one. 


As part of my financial aid package for college, I get what they call Federal Work Study (I just say "work study"). Work study is great for many reasons, and if you get some kind of financial aid, then you are probably eligible for a work study position as well. 

Monday, August 12, 2013

Investment Options: Where To Put Your Money

That's right guys, I drew that by hand.
Disclaimer: This chart does not have every option in the world stated explicitly.

Read this if: 

1) You want to know about your different investment options. 


Some people who want to invest have a hard time starting because they think it's really complicated and that they'll never be able to pick what to invest in. The good news is, there really aren't that many types of options. The bad news is that there are still a lot of different things to choose from in each type (for example, picking individual stocks can be a headache), but it's ok. Let's go over what "types" of investment vehicles you can get first. 

Thursday, August 8, 2013

Three Easy Ways to Save Money

I hope I'm never that rich.

I recently heard about two silly things: a $120 t-shirt and a $999.99 iPhone app. The shirt just has Kanye's name on it, and the app just flashes the words "I am rich." If only it were always that easy to see that you were being overcharged. 

I think there really is only one way to figure out if you're overpaying for something. Ask yourself, "Can you get it cheaper?" If the answer is "yes," then, SURPRISE, you're overpaying. This can get really tedious though, and you don't want to get caught up thinking about whether or not you could have saved $0.50 if you went to Target instead of Giant for that package of cream cheese. Here are some habits that ensure that you will save money, so you don't always have to ask yourself that question. 

Monday, August 5, 2013

Personal Finance Manager: A Review of "Mint"

This is supposedly a mint leaf.

Read this if: 

1) You want a way to keep track of all of your credit cards, bank accounts, brokerage accounts, etc. 


When I say "personal finance manager," I wish I was talking about me because I would love to do that for people, but I am actually referring to software. There has been a lot of personal software developed that takes information from all your different accounts and funnels them to the same place. There are a bunch of them out there, including: Mint, Manilla, Personal Capital, Quicken. I've only played with Mint, and I still haven't explored all of its features. 

Thursday, August 1, 2013

Becoming Financially Literate

A book. In case you haven't seen one in a while.

I am pretty bad at reading and interpreting literature. I struggled through AP English Language and Literature in high school and since coming to college I don't think I've read another book that required much thinking. I think some people see personal finance the same way - there is so much new vocabulary that it's hard to understand many topics about the economy or business or finance. The only way to get better is to "practice," and get more exposure. 

Here are three sites I recommend reading (in additional to my super awesome blog, of course) that will help you a lot: