Heat

My grandmother was born in Phoenix in 1886. When I was in 4th grade, I interviewed her for a class assignment. We sat down and I asked her “what it was like back then?” She said “BC?” I heard my mother (also born and raised in Phoenix) chuckle – apparently BC meant...

FOMO

Fear Of Missing Out. What part does social media play in our spending decisions? This and other telling questions were put to 1,000 Americans aged 21-75 as part of Charles Schwab’s 2019 Modern Wealth Index Survey. Here’s what we learned: If you’ve wondered if you...

What if…

you’re a good saver but a reluctant investor? What if you’re more confident investing when the market’s up? If the market’s up, prices are up, right? Bob Swift likes to point out that the market is one thing people like to buy when it costs the most. When the market’s...

The wild cards

Gifts, vacations, pets, clothing, eating out…these are the wild cards, the spending categories that rely on our discipline to keep within budget. After all, most of our other expenses are fixed – rent/mortgage, utilities, car payment, etc. When I create a 12-month...

Are you normal?

Well, let’s see. The U.S. Bureau of Labor Statistics tracks consumer spending each year. We have numbers for 2017 – see how you stack up. On average, U.S. households spent an average of $60,060. Using the chart below, we offer the following percentages: Housing: 33%...