Showing posts with label personal finance answers. Show all posts
Showing posts with label personal finance answers. Show all posts

November 20, 2020

The PowerPay Online Money Master Course

 Want to improve your financial literacy and your economic situation? Check out The PowerPay Online Money Master Course: https://extension.usu.edu/powerpay/

"The PowerPay Money Master Online Course is designed to teach real-life money smarts regarding your personal financial vision, money personality, tracking expenses, budgeting, managing debt, understanding credit, and saving money. Bonus module topics include insurance, investing, and homeownership."

Cost is $40 but fee waivers are available. 

February 1, 2020

Time to get real about New Year's resolutions

Behavioral economist Dan Ariely writes in The Wall Street Journal (2/1/20):
"To get a resolution to stick, we need to make the desired behavior automatic. For instance, if you want to exercise more, build a very simple habit: Every Tuesday at 5 p.m., go to a group exercise class after work. Ideally it will be something you find enjoyable and rewarding, so that the habit is more likely to stick. The more you repeat a behavior in the same context at the same time, the more automatic it will become and the less you’ll have to rely on willpower."

"For a good introduction to the research on this topic, I recommend Wendy Wood’s recent book, Good Habits, Bad Habits: The Science of Making Positive Changes that Stick.


Good Habits, Bad Habits: The Science of Making Positive Changes That Stick

Good Habits, Bad Habits: The Science of Making Positive Changes That Stick

 
A landmark book about how we form habits, and what we can do with this knowledge to make positive change

"We spend a shocking 43 percent of our day doing things without thinking about them. That means that almost half of our actions aren't conscious choices but the result of our non-conscious mind nudging our body to act along learned behaviors. How we respond to the people around us; the way we conduct ourselves in a meeting; what we buy; when and how we exercise, eat, and drink--a truly remarkable number of things we do every day, regardless of their complexity, operate outside of our awareness. We do them automatically. We do them by habit. And yet, whenever we want to change something about ourselves, we rely on willpower. We keep turning to our conscious selves, hoping that our determination and intention will be enough to effect positive change. And that is why almost all of us fail. But what if you could harness the extraordinary power of your unconscious mind, which already determines so much of what you do, to truly reach your goals?"

"Wendy Wood draws on three decades of original research to explain the fascinating science of how we form habits, and offers the key to unlocking our habitual mind in order to make the changes we seek. A potent mix of neuroscience, case studies, and experiments conducted in her lab, Good Habits, Bad Habits is a comprehensive, accessible, and above all deeply practical book that will change the way you think about almost every aspect of your life. By explaining how our brains are wired to respond to rewards, receive cues from our surroundings, and shut down when faced with too much friction, Wood skillfully dissects habit formation, demonstrating how we can take advantage of this knowledge to form better habits" Source:
https://www.goodreads.com/book/show/43565368-good-habits-bad-habits

January 8, 2017

One of the best personal financial websites: Humble Dollar

Some of my former students will recall the name "Jonathan Clements" as i used his weekly Wall Street Journal articles in class for many years. Since moving one from the WSJ Mr. Clements wrote a yearly updated book: The Jonathan Clements Money Guide. Now all his content has moved to the excellent website: Clements writes clearly and explains financial concepts in a way that the average person can understand. Further, his approach is very consumer-oriented. Check out: http://www.humbledollar.com/ and especially his online Money Guidehttp://www.humbledollar.com/money-guide/main-menu/. "Welcome to HumbleDollar’s comprehensive online financial guide. This guide started life as an annually updated book, the Jonathan Clements Money Guide, but all the content was moved to the web, with the goal of continuously updating the information and making it more broadly available. Our hope: Whenever you start on a new financial adventure or you’re perplexed by the world of money, you’ll return to this guide—and, fingers crossed, find the answers you are looking for. The guide is divided into 16 parts, which (reflecting its origins as a book) are often referred to as chapters. In addition, there’s a list of key concepts and a detailed index. Looking for a particular topic? Check out the index—or try the search function." Sign up for his free e-mail newsletter.
I love it that Clements includes posts from his millennial daughter Hannah!

October 4, 2016

10 BAD Personal Finance Myths


"Though they may seem correct on the surface, these personal finance myths could be costing you a fortune," writes Sean Williams.
1. I don't earn enough to save money 
2. A penny saved is a penny earned
3. Assets should be allocated based on a set formula
4. Cash is king 
5. I have to be rich to invest in the stock market 
6. A home is a good investment (my favorite)
7. Credit cards are bad news
8. Carrying a balance helps your credit score
9. Social Security won't be around when I retire 
10. Wills are only for rich people 


 

 

 

 

 

 

January 27, 2014

The Best Personal Finance Resource on the Internet

The Squared Away website is a great resource for many financial topics. Check out  "Square away your finances or deal with a particular issue with tools and information from the Financial Security Project at Boston College." http://squaredaway.bc.edu/

August 22, 2012

Want Answers to your Personal Finance Questions?

Contact a Cooperative Extension personal finance expert. The eXtension Personal Finance Web site is available 24/7 at http://www.extension.org/personal_finance.  The site includes a data base of over 1,200 frequently asked questions (FAQs) on personal finance topics, as well as an Ask the Expert feature where consumers can receive a personalized response to their questions.  Answers are provided via e-mail, generally within 48 hours. Give it a try!
Financial Planning for Women does not sell, rent, loan, lease or otherwise provide any personal information collected at our site to any third parties.