Archive for the ‘Spending’ Category
Spending — Pain or Pleasure
It turns out that some people feel pleasure when they spend money. This really does not come as a surprise since many people use shopping as therapy when they are feeling down. What is interesting is that Carnegie Melon and the University of Pennsylvania have done studies to prove that people are actually have physiological [...]
Car Loans are a Bad Bet
The average car loan in America is now 70 months. That right 70!! What are we doing to ourselves? I cannot even look at the math involved in this. Here is my experience with car loans. I purchased a vehicle in 2004 and took out a loan for 75% of the value (25% down). It [...]
Contractually Stupid
We as a society have become contractually stupid. We sign contracts all the time and do not understand what they mean. Why do we do this? Part of it is lack of concentration. Businessweek reports that only 1 in 8 Americans can read long, dense text and comprehend it. This means that only 12.5% of [...]
