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By: Roshawn Watson Last week, I came across a very interesting post from J. Money of Budgets are Sexy entitled Hide Your Money From Yourself (link below). The premise is 1)to create distance between yourself and access to your money thereby decreasing the likelihood of spending it and 2)to fund this “distant” account automatically, so… Continue reading Hiding Money Round Up and Uncommon Money News

By: Roshawn Watson Purchasing a home is one of the biggest financial decisions most people make. The amount you spend on your home often will impact your retirement, ability to pay for the education of your children, your ability to build wealth, and your overall financial solvency.With historically low mortgage interest rates and several depressed… Continue reading Will Mortgage Rates Really Drop to 0%?

By: Roshawn Watson Every now and then, you just have to call foul when reading something because the data is wrong, misleading, or incomplete. That’s how I feel about a new figure. When Sam (Financial Samurai) read this WSJ article, he saw that the average net worth for 2009 was $182,000. Since this number was… Continue reading Huge Average Net Worth Round Up with Uncommon Money News

By: Roshawn Watson If you have been financially responsible, then it’s time to rid yourself of the fear and guilt associated with reasonable spending on things that you value. Extreme frugality can be harmful. If your saving habits are an obsession despite attaining your financial goals, little good is coming from such deprivation and self-torture.… Continue reading Why Do We Save Anyway?

By: Roshawn Watson I read a very interesting post last week over at Money Reasons entitled: Frugal Sins of a Personal Finance Blogger. The satirical tone was so inviting, I couldn’t help but participate. Before I knew it, I was confessing my love of eating at nice restaurants and entertainment. Apparently, I wasn’t alone in… Continue reading Are You A Financial Sinner? Round Up and Uncommon Money News

By: Roshawn Watson Student indebtedness has reached an all-time high, as student loans now exceed credit card balances by over $3 billion! Never have students and graduates been so burdened, and all of this is to obtain an education and to fulfill the American Dream. Unfortunately, in today’s employment market, secure jobs are even more… Continue reading The Educated Indentured Servant

By: Roshawn Watson It is my pleasure to welcome you to the Festival of Frugality #248!  This is my first time hosting, so I’m so thrilled you decided to join me. Today, we have some informative and entertaining posts from all over the blogosphere. This edition will also list some rather interesting celebrity net worth… Continue reading Festival of Frugality #248 – Celebrity Net Worth Edition

By: Roshawn Watson Competent children don’t need an inheritance, and incompetent children don’t deserve one. In other words, if you have truly taught your children how to fish, they can find their own way; otherwise, placing significant wealth in their hands can be irresponsible and disastrous. While this is certainly a pragmatic philosophy, many parents… Continue reading Do Competent Kids Need an Inheritance?

By: Roshawn Watson The post entitled: Diapers, Diapers, Diapers (see below) got me thinking about running an economically productive household. Activities that are productive for one house can negatively impact the wealth of another. Someone may go out of his way to save a few bucks (good defense) whereas someone else will allocate most of… Continue reading Dirty Diaper Round Up with Uncommon Money News

By: Roshawn Watson I hate debt almost more than anyone I know. I am a HUGE fan of paying off your mortgage quickly, if you decide to have one at all. However, my spirited but friendly debate with Kevin from Invest It Wisely inspired me to clarify my position on when paying down your mortgage… Continue reading When is Paying Down Your Mortgage a Bad Idea?