Why I Didn’t Want an Engagement Ring: A Lesson in Opportunity Costs

Despite the confused looks, I'm 100% happy with my decisions to forgo an engagement ring. When my fiancé and I met with the wedding coordinator at our venue she immediately exclaimed, “let me see the ring!” I involuntarily and sheepishly showed her my empty left ring finger and endured the awkward pause that occurs when… Continue reading Why I Didn’t Want an Engagement Ring: A Lesson in Opportunity Costs

Should Teenagers Get Credit Cards?

Credit cards can be a powerful tools for consumers but, as viewers learn in Spider-Man, with great power comes great responsibility. And the words “responsible” and “teenager” do not usually go hand-in-hand. After working with high school students for ten years, I’ve come to appreciate how creative, hilarious, kind, insightful, and, yes, mature teenagers can… Continue reading Should Teenagers Get Credit Cards?

For me, FIRE is a moving target 🔥

I’m still relatively new to the whole FIRE concept. My parents, both in their early 60s, are still working and most of my friends have never even mentioned the word “retirement.” The thought of retiring earlier than when my pension is “fully funded” never occured to me until a year ago. For those who are… Continue reading For me, FIRE is a moving target 🔥

Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part III)

Lesson Plan Part III: Prioritizing Mindful Spending to Maximize Happiness We're finally to the fun part of budgeting -- spending money on the things that make us happy! If you haven't read Part I or Part II of my lesson plan, please start there for an overview of estimating net pay and bills for students.… Continue reading Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part III)

Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part II)

Lesson Plan Part II: Estimating Bills This post continues the lesson plan introduced in Part I. Part II: Bills, Bills, Bills Nobody likes bills unless Destiny's Child sings about them After students figure out their rough net pay from Part I of the budgeting assignment, now starts the "not-so-fun" part -- figuring out their monthly… Continue reading Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part II)

Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part I)

Lesson Plan Part I: Estimating Net Pay Budgeting is one of the backbones of money management and personal finance. Understanding what’s coming in and what’s going out can help a household pinpoint areas to improve savings rates, prioritize spending on things that truly matter, and plan for expected goals as well as unexpected emergencies. I’m… Continue reading Budgeting Lesson Plan: Teaching Basic Budgeting Skills to High Schoolers (Part I)

Conscious Consumption: Getting Something On Sale is NOT a Marginal Benefit

Shoppers love a good deal. If you’re like me, the rush of getting something on sale is borderline euphoric. I was raised by a wonderful woman who lived for sales. During my childhood, I spent Saturdays with my mom hunting for bargains at yard sales, moving sales, rummage sales, thrift stores, you name it. I’m… Continue reading Conscious Consumption: Getting Something On Sale is NOT a Marginal Benefit