The Marshmallow Study, conducted in the 1960’s by Stanford University psychology researcher Michael Mischel, demonstrated how important self-discipline is to lifelong success. He started his longitudinal study by offering a group of 4-year-olds one marshmallow, but told them that if …
Boy oh boy $134 per month on pets sounds like a lot of money when you write it down. But if you check out the picture of me and my puppy I’m sure you’ll understand. Xena (named by someone else) …
I have an 11 year-old daughter who informed me recently that the only two things she needed to make her life complete were a cellphone and a credit card. Her eyes widened in surprise when she found out that credit …
Flabby. It’s not a description any of us would appreciate if it was said about us. If you were the defensive type you may offer an excuse like “being cuddly is good for our relationship”. What on earth does being …
Ever think about how eating all those fast food meals for lunch are effecting your pocketbook. Let’s do the math. You eat out 5 days a week at an average cost of $5 to $7 a day. At $5 a …
Are you sick of hearing your children say “Mum, can I have some money for this?” and “Dad can I have that?” Read on to find out how you can educate your children and set up a system that enables …
Unlike a fixed monthly cost such as your mortgage or car payment, the amount you spend on groceries each month is somewhat flexible. While the common advice of clipping coupons and buying generic brands to save money while shopping is …
Is it possible to maintain a healthy balance in your family while keeping your foot on the throttle of your financial freedom? The short answer is “Yes”. The long answer is that it takes a strong person to do that successfully. …
How many times have you decided it was time to make a change for the better with the state of your finances? Perhaps you’ve sat down with pen and paper to draw up a new plan. Maybe you used the …
‘Tis the season to be … extravagant What did you get for Christmas last year? How about 10 years ago? Chances are, you can’t remember. But I’m sure you have other memories of Christmases. Growing up, we had Christmas every …