The Perils of Throwing Money at a Problem

By Kevin Gibbons Many people wish they had the luxury of throwing money at a problem, as they struggle every day to meet their basic needs. But for those people who have a bit more resources (and even those who do not), throwing money at a problem can be in itself problematic. The number-one cause of this situation is lack …

The Harm of Seasonal Creep

By Melissa Tosetti On August 10th I took a picture of Halloween costumes on sale at Costco.  Three days later, a display of Christmas ribbon appeared across the aisle. Seasonal creep is the practice of retailers introducing holiday themed merchandise or decorations LONG before the traditional start of the holiday shopping season. I have very few pet peeves, but seasonal creep is at the …

High Salaries Don’t Make You Rich

By Melissa Tosetti A high salary does not equate wealth. I pulled the line above from an article I came across titled: Why people who earn a lot of money still can’t pay the bills. The author, Steve Adcock, frankly confesses his own struggle and goes on to say: In fact, high salaries are deceptive. They make us feel rich, …

Spending Money to Save Money

By Kevin Gibbons I have to imagine that it’s not easy being married to a cash flow planning expert and financial educator. My wife Leta is always reassuring me that she is making “Savvy” purchases and that she is spending and saving wisely. Just like with our clients, sometimes I have to remind her that living a Savvy Life means …

4 Tools to Avoid Retail Shopping Traps

By Kevin Gibbons Have you noticed that there are some retailers, brick and mortar or on-line, where it is easy to go in, pick your items, make your purchase and leave, while other stores seem to suck you in, not releasing you until you’ve spent two weeks’ salary? Did you ever wonder why you can get in and out of …

Measuring for Change

By Kevin Gibbons A few years ago, I wrote about my experience purchasing a replacement for my trusty 2004 Saturn in the blog post: Being Savvy Means Knowing When To Be Flexible. After spending almost four weeks learning the features of my new 2015 Mustang, I’d found my favorite: the Real-Time Gas Mileage display. The Mustang has this nice graphical display …

Shop For Life

Last week I read a quote about clothes shopping that has stuck with me: Shop for life, not an event. How many times have you gone shopping for an item to wear to a particular event and ended up using it just the one time? Not only does it feel like a waste of money, but it becomes a waste …

American Pickers

The Power of Smalls

Yesterday I was on the phone with clients in Texas. They’re both professionals in their industry and they have two children in high school. The focus of yesterday’s call was on how to save time and money at the grocery store. I asked them to tell me about their current routine. They have one excellent habit already in place which …

Halloween Was Saved

By Melissa Tosetti I confess that I am NOT a naturally born organized person and procrastination is heavily embedded in my DNA.  It’s a constant fight.  But years of getting bit by my bad habits have made me vigilant about combating my natural tendencies. In late September of last year, we published in our weekly newsletter The List, the following …

5 Tips for Dealing with Social Spending

By Kevin Gibbons You’re out with a group of friends at a bar or restaurant. Everyone is having a good time. Someone suggests ordering a bunch of appetizers and another round of drinks. Without even thinking, you pipe up “I’ll get this.” Or maybe you just keep quiet, don’t say anything but mentally add up your share of the growing …