The problem with being an adult is that you can basically do anything you want; no one’s going to stop you. whether that means spending several thousand dollars on something you don’t need or excessively eating out and hurting your monthly income; no one’s there to tell you can’t do this or that. You have to realize your mistakes yourself. Spending money is an essential part of our lives. We do it every day. But it is how we spend money that makes the difference. Going on a shopping spree simply because you have enough cash isn't a good way to spend your hard-earned money, whereas shopping for a new pair of shoes because yours is worn out qualifies as good spending. If, like everyone, you struggle with following a budget, this summary of Chelsea Fagan’s book, The Financial Diet, is for you.
"A personal finance guide written in an actually helpful tone...approachable for people who don't have a clue how to create a formula in Excel or have just been too intimidated to figure out their own situation."
"Chelsea Fagan sets herself a high bar in writing THE FINANCIAL DIET: She wants to prove to people who know little about personal finance that investing is both vital and not all that difficult. Does she deliver? Yes, and surprisingly well."
"Fagan elevates her book above other beginner guides by showing how finances and aspects of lifestyle such as diet and your relationship with money intertwine...The breezy lifestyle-magazine-like writing style and easy-to-digest layout make this guide a useful and readable resource."
It's no surprise that a record number of Americans are declaring bankruptcy while consumer debt and foreclosures are at an all time high. Many adults simply don't have the basic financial knowledge to safely navigate today's environment of predatory lending, identity theft, and nonstop consumer marketing. What's more, they don't know
Accounting and finance like all other business disciplines, really are as much art as they are science. The art of accounting and finance is the art of using limited data to come as close as possible to an accurate description of how well a company is performing. Accounting and finance are
There is a new reality out there–a new normal. What was once certain–that you would be able to retire comfortably; that you would pay for your kids’ education; that your home would appreciate in value–is no longer a sure thing. So much has changed on the financial landscape that it’s hard
Creating a home that makes you feel wonderful is a gift you give yourself that echoes through the rest of your life.
Saving money isn't about depriving yourself. It's about deciding you love Future You as much as you love Today You.
Money doesn't buy you happiness, but it buys you the Lego kit of happiness. It buys you comfort, security, and options, even if you still have to build your happiness on top of it.
It's not unhealthy or wrong to change your mind, career-wise, nor is it selfish to dream for something better than what you have, even if what you already have is "pretty good" compared to what other people have.
It can be helpful to remind yourself on a regular basis that you shouldn’t spend on luxuries just because you think that's the life you should be living.
If you create the home that is most attuned to your life and somewhere you really enjoy being, everything benefits.
Unless you are very, very lucky, getting what you want isn't going to be some fairy-tale narrative-- the stories are messy and the results are never exactly what we expect them to be, but the thread that connects them all is the same: prepare for the unexpected, be ready to work harder, and put all your happiness in one basket.