Posts

The Secret to Staying Out of the Red and in the Black

When I am not writing about personal finance and consumer debt, I knit. Something about the gentle rhythm of yarn and needle calms my spirit and unwinds my brain.

professional woman sitting at her desk, knitting.

I have managed to finish a few projects, not because I’m a great knitter but because I can “tink” almost as well as I knit (knit spelled backward is tearing out).

Because all knitters make mistakes, tinking is a required skill for those who take the craft seriously. It doesn’t take too many oversized sweaters or undersized hats to figure out that the smallest error at the beginning of a project can produce disastrous results if not found and corrected.

Just two options

Money is a lot like knitting. By some miracle, all knitting consists of just two stitches: knit and purl. Likewise, with money you have two options: spend or save. And who among us can say they have never made a financial error? We all make mistakes but the secret to staying out of the red is correcting the little mistakes before they lead to disastrous results.

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12 Things You Can Do Now to Get Ready for Christmas

Faithful readers know that we pull out all the stops around here to celebrate Christmas in July. Or at least start thinking about the holidays, just five months down the road. If you are or have ever been plagued by credit-card debt, I can nearly guarantee that revolving expenses related to Christmas have contributed greatly to that miserable situation. The problem? Procrastination.

 

Santa's hat next to the pool suggesting it's Christmas in July!

 

Face it, when it comes to Christmas, the longer you wait, the more you’ll spend. The opposite is also true: The sooner you get started the less you’ll spend.

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Less Randomly, But Not Quite

light blue random numbers background texture

1. If last week’s Saturday blog stats hold any meaning at all, it appears my readers enjoy a numbered, quick hit list of, well … random things.

 

2. I love to knit. It’s not the least expensive hobby in the world, but I do enjoy a good Yarn Sale. This woman, on the other hand, knits for free—dubious as her sense of style may be.

 

3. People who consistently save 20% of their income can do that because they scrimp on this one thing you probably don’t.

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