Best of the week – July 11, 2015

Here are some articles that caught my eye this week….

10 Surprises For Kids That Won’t Cost You A Dime

Sometimes we guilt ourselves into thinking that we have to spend lots of money to make sure our kids have great memories. We have to take that trip to Disney or get those concert tickets or pay for those expensive lessons, etc. As I think back on my childhood there are some good memories of things that I know cost my parents a lot of money at the time, but there are many more wonderful memories of things that cost little or no money. Don’t allow guilt to leave you perpetually broke. Great memories do not have to mean spending money you don’t have.

4 Lessons I Learned from Being in Debt

Debt has become a normal part of life to the extent that most of us don’t even think about it. In fact it is so normal that we seldom even question it. In some cases we even call debt good. For many years that was my story too, but what I have discovered is debt is a thief and a destroyer. There is a different way to live.

We Didn’t Default On Our Student Loans (And We’re Stronger For It)

There was a recent New York Times opinion piece where the author discussed how he had determined to default on his student loans because he had decided it was just too difficult for him to honor his commitment. He was proud of his decision and gave instructions on how you too could follow his path in reneging on your word. As you might gather from those last two sentences I don’t have much respect for his lack of integrity. I loved this writers response as she told their personal story.

6 Sneaky Ways You Cheat on Your Budget

How many of these have you done? I confess to having done 4 of them at one time or another. The bottom line is your budget is a tool for your benefit. The real purpose of the budget is simply to help you ensure that you are spending your money on the things that matter most to you. When you cheat on your budget you are really cheating on yourself.

7 Ways to Negotiate Medical Bills

Medical bills can be real budget busters. Often they come unexpectedly. Medical bills are usually due in full upon receipt. And medical bills are often very confusing. The combination can make it very difficult for you. The good news is that most people get into the medical field because they are compassionate and desire to help people. If you approach them with honesty, humility, and gratitude, you can often work out discounts or a payment plan to help you pay those bills.

The Only 2 Ways to Get Rich

The video is only 50 seconds long but it is the essence of personal finance.  Be sure to watch all the way to the end.


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