Using the Time Value of Money to Inspire You to Save

What would you like to save for? A nice retirement? Dream vacation? Capital to start a business? Do you find it difficult to save money? If so, maybe it's because you don't realize the power of saving consistently over time. But once you are able to grasp the power of this, you just might be more willing to make saving a regular habit. What is the Time Value of Money? As one of the most … [Read more...]

Expensive Shopping is Good | How To Shop For Value, Not Price

For a long time I’ve been on the frugal or cheap fence.  One day I think frugal accurately describes me, and then the next day I jump ship and find myself firmly planted in the cheap camp. Here’s another question we can ask to help differentiate between frugal and cheap. Do you buy things based on what they cost, or do you buy things based on what you get? I think that cheap people buy based … [Read more...]

How To Get A Good Deal When Shopping

Some folks are so enamored with the price.  They think a good deal is all about price.  I am a recovering price addict.  I used to think the lower the price the better.  However, I’m coming to realize a good deal can only be found when one factors in both the price and the value of an item. Consider the following fictional conversation: Low Price Lover: “I got a great deal on my new … [Read more...]

Faith Based Investing | Thumbs Up or Thumbs Down?

Some months ago the Consumerist Commentary had a post that introduced faith shares. I have previously mentioned that I am yet to be convinced that faith based investing (in the strictest sense) is right for me at this time. That said, I respect anyone who feels convicted to show their faith in this way. Different Types of Faith Based Investing Options When I visited a faith based investing … [Read more...]