I received an email recently concerning personal finance. A reader of the blog had received a modest inheritance, all cash, from a deceased relative. Their present financial situation is the following: they have a steady job with a fairly good income with some savings. Their expenses are modest, having read and followed much of my … More The Debt to Cash Dilemma
I had a conversation last week with a young woman. She had received a year-end bonus that was almost equal to her credit card debt. She asked me if she should completely pay off her debt or hold onto the cash. I told her to hold on to the cash and pay her debt off … More Cash On Hand…Or Debt Free?
Very often, people behave in ways that they know are not in their best interest. They spend too much, ignore warning signs in their relationships, and endanger their health, among other things. Why they do this is puzzling for others to watch, and can be frustrating as we–as friends, family, or colleagues–can easily see the … More This Time, It’s Personal