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• Tomorrow is often just another word for delay

  Posted Jun 12 2008, 07:03 AM by Karen Datko
  Filed under: Retirement, Saving, Wise Bread, Emergency

  This post comes from Nora Dunn at partner blog Wise Bread.

  There is no tomorrow. Tomorrow is really a euphemism for "I can't think about that right now."

  Have you ever caught yourself saying these things?

  "Tomorrow, I get paid, and things will be easier."

  "Next week, I won't have so many meetings at work and can spend more time with my family."

  "Next month, I'll have paid off one of my credit cards, and then I will have money to save for retirement."   Read More...

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• Budgeting in a time of inflation

  Posted May 22 2008, 05:41 AM by Karen Datko
  Filed under: Spending, Wise Bread, Emergency, Budgeting
  Rating:

  This post comes from Philip Brewer at partner blog Wise Bread.

  My very first experience running a household was in 1980, just as the last big inflationary period was spiking above 10%. My carefully constructed budget was destroyed by prices that were rising by 1% every month. Since then, I've given considerable thought to how to deal with just that situation.

  Since history seems dangerously close to repeating itself, it's a timely topic.   Read More...

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• Pessimism pays: Expecting the worst can save you money

  Posted Mar 13 2008, 04:54 AM by Karen Datko
  Filed under: Insurance, Marriage, Wise Bread, Emergency

  This post comes from Lana Goodrich at partner blog Wise Bread.

  What's the first thing people tell you when you start feeling down in the dumps? "Don't worry. Things will get better." But sometimes, being too positive is just a one-way street to being unprepared.

  Here are four common worries and why dwelling on them can help you save cash.

  What if I lose my job? You're right to worry. The economy is on shaky ground, and you could be fired or laid off due to any number of circumstances. Take it for granted that you're going to leave your job eventually.

  This is a good time to set aside money for an emergency fund to cover at least three months' living expenses. Update your resume or portfolio so they're current and highlight your best work. Network with acquaintances and put out your feelers for similar jobs -- even if you have no intention of leaving quite yet. Being ready is the best way to bounce back.   Read More...

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