Do you like to compare your spending to a broader average? What are your favorite sources for comparing numbers? Do you worry when your spending on, say, housing is far greater than the norm? Or do you just figure different people have different priorities?
Imagine: after filling out your tax form, you then filled in a separate form. Say you paid $5,000 in income taxes last year. You'd then allocate that money as you saw fit, dollar by dollar, among the budget line items you chose.
Though I've been reading and writing about money for six years now, I still do stupid things sometimes. Last week I made another relatively un-interesting mistake, but one that's educational at the same time.
As a younger man, I spent to feel better about myself. I spent to keep up with my friends. I spent to have the things I felt that I deserved. Now good habits are ingrained -- I find it difficult to go shopping, even when I need to.
Where do you live and how much do you pay on housing? What percentage of your budget does this represent? Does your housing payment cramp other parts of your life? Or have you intentionally kept it low so that you can afford to spend on other things?
Organizations that devote time and energy to developing strategic plans must have the courage to imagine truly different futures. And the financial forecasts that should end every plan should reveal one aspect of this new tomorrow.
Fifty-one years ago today, President Dwight D. Eisenhower issued his final, prescient warning about the rising power of the military industrial complex. Eisenhower was right to be worried. We're living in his nightmare.
Last year at this time, the Pentagon used the words of a friend of the King family to insinuate that, though King's plain words decry all forms of violence and war, today's wars are different and he would "understand" them.