Money Isn’t Just Cash

We tend to think of money in terms of cash, checking accounts, debit cards, credit cards and investments.  However, your money is still a commodity once it transitions from cash to a possession.  Whether it’s a can of corn on your pantry shelf, clothes in your closet or a knick knack on top of your bookshelf, it’s a component of …

How Does Your Home Environment Affect Your Personal Finances?

  Awhile back I received a message from a Twitter follower who replied to the post, “Is your home environment warm, comforting and expressive of who you are?”   The reader commented that he appreciated the sentiment, but asked how it relates to money management.  It’s a great question!  How does your home environment affect your personal finances?    One …

Invest or Bargain Shop?

In the case of an article of clothing, if you decide to purchase a new sweater you have two choices.  You can easily go to a disposable fashion store such as Forever 21 and invest $19 on a sweater.  Typically, with disposable fashion, money is saved by making the garments as fast as possible and the attention to detail in …

The Power of Timing Purchases

Savvy shopping isn’t just about getting a good price.  It’s about picking and choosing what you want to spend your money on.  It’s about planning, forethought and anticipation.  It’s about being willing to “sleep on it” and about returning items that don’t work for you. Savvy shopping is a skill.  It takes time, but it can be learned and mastered. …

Permission to Spend

One of the major goals of Savvy Living is to save 20% of your income so you can spend the rest with abandon. Now, if you haven’t been able to reach that 20% goal yet, that is ok.  It can often take 3 – 5 years to get to that point.  What is important is that you’re saving something and …