It finally clicked – my light bulb moment

it finally clicked I finally had a light bulb moment after more than four years of learning about personal finance. I’ve been making a fair amount of changes to my portfolio during my blogging absence. And while I’ve yet to post my new asset allocation, here’s one change I’m making which is long overdue. Drum roll, please…
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Saving money on insurance

Saving money on insuranceApparently nobody told my insurance company that inflation was under 2% a year. The auto insurance renewal quote I received in July included a 14% hike in the premium. My policy was already expensive to start with (thanks Michigan), so saving money on insurance became high priority. It’s time to go shopping …

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How to deal with an unexpected windfall

Image of a present - how to deal with unexpected windfallsBack in the dim and distant past, a windfall referred to wood or fruit which was blown down by the wind and so became free to anyone. It was later in the 16th century that the term was used for any unexpected acquisition of wealth. Here are some thoughts on how to deal with unexpected sums of money.

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Three irrational financial behaviors that I have

Pretend therapy session for irrational financial behaviors
Time for some therapy. “Hello, I’m DividendLife and I have irrational financial behaviors.” It’s true! I sometimes make less than optimum financial choices and I know it. Yet I’m somehow okay with that. Here are three irrational things that I know I do and why I choose to accept them.

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Budget 17.0 – updating my budget for 2017

Alright so it’s not really up there with one of Lord Blackadder’s dastardly schemes. But my plan is to renumber my future budgets so that I can easily tell which year each one is for. For 2017 I’m going to call it version 17.0 which shares the same number as the year. Cunning or what? I may need to modify it in six months, in which case it’ll be revised to 17.5.

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How can you budget for happiness?

The word budget typically has a negative connotation to it. After all, it’s a restriction to a limited resource (money). A budget is really just one tool in the personal finance toolbox for following a plan. But if money is limited, how can you budget for happiness?

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