Consumers, Lenders, and New Year’s Resolutions

January 1, 2009 by  
Filed under Debt and Credit

I don’t plan on writing much today as I suspect that most computer users are either hung over, watching football, trying to lose weight, or cleaning up all of the holiday mess.

Mr. ToughMoneyLove has been informally surveying New Year’s Resolutions posted by various internet users, particularly in the personal finance world.  Even the federal government has published a list of the most popular New Year’s Resolutions.  Second on the list is “Manage Debt.”  That’s outstanding. Read more


An Important Gift to Ourselves that Money Can Buy

December 29, 2008 by  
Filed under Money and Behavior

Mrs. ToughMoneyLove and I are in Florida this week for a brief visit with my parents and other family.  I won’t be writing a lot because frankly my time is better spent elsewhere.

I do want to openly acknowledge something to everyone who is kind enough to read what I write here:  I am grateful to have the extra money available to make these trips possible.  This time with family is a special gift to ourselves.  It was not wrapped up in paper or even purchased in a store but it outranks all of those that were. Read more


Personal Finance Resolutions to Avoid this Year

December 28, 2008 by  
Filed under Financial Planning

Mr. ToughMoneyLove is not a fan of New Year’s Resolutions for two reasons.  First, they are often used as an excuse to put off until tomorrow what could and should be done today.  Second, New Year’s Resolutions perpetuate a fantasy that you are actually doing something when you are not.  It’s like making a to-do list that never becomes an “I did that” list.  If you resolve to pay your bills on time next year, how about paying them on time today? Read more


Simplifying a Financial Life

First, this post is not about Paris Hilton or any other “air where the brain should be” simpleton venturing into the Simple Life.

Second, this post is not about New Year’s resolutions.  Mr. ToughMoneyLove sort of abandoned that whole concept a while back.  Why?  Because like so many others, I used it as an excuse to delay doing something that needed to be done now, not later.  How many times did I say to myself “I will start my exercise (or diet, or savings, or love thy neighbor) plan at the beginning of the year!”  Fortunately for my self-commitment credibility, I never actually specified which year.  So technically I’m still in compliance. Read more