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Grow Your Dough Throwdown
I’ve joined a number of other financial writers in the “Grow Your Dough Throwdown,” a stock market competition. At the beginning of 2014, each of us will invest $1,000 in the stock market through a discount brokerage. We can trade as often as we like, and publicly track our investments throughout the year. It’s similar to the stock market game I played as a child, but rather than starting with $100,000 in fake money, we start with $1,000 of real money.
Reflecting on Your Life and Finances
Editor’s note: A few times a month, Lance Cothern from Money Life and More will stop by to share some of the best articles from across a variety of publications, including other blogs and mainstream media.
The holiday season is now over which should be a relief for wallets and purses everywhere. I fell victim to the common occurrence of buying gifts for myself this holiday season, but it turns out there are ways to avoid this behavior. Even though the holidays are over, I feel these tips could be applied all year long to make sure you aren’t making unnecessary splurge purchases.
My Personal and Financial Plans for 2014
The last time I shared my personal goals and plans with Consumerism Commentary readers was at the very beginning of 2011. I went so far to declare that 2011 would be the year that everything changes, a subtle homage to a television program called Torchwood. Anyway, I was right; in 2011, my life changed, but not as dramatically as one might expect with the events that transpired throughout the year.
5 Steps to Make the Most of New Year’s Resolutions and Goals
As one year comes to a close, many people like to take a few moments and think about the year ahead. The setting of New Year’s resolutions is a time-honored tradition and a recurring theme at the end of each year. The new year has always been a chance, although somewhat arbitrary, to give yourself a fresh start. It’s a second chance. It’s an opportunity to recommit yourself to the things that are important to you.
Discussions of New Year’s resolutions are almost always followed by statistics showing how people generally fail at keeping the promises they make. News reporters and authors cite the spike in new gym memberships after the new year and the quick fall-off of gym participation as one example of how people with good intentions don’t stick to their plans. Studies show how financial New Year’s resolutions fail.
Anonymous S, November 2013 Net Worth
In Naked With Cash, seven anonymous Consumerism Commentary readers publicly track and analyze their finances on a monthly basis. For almost a decade, I tracked my own finances on Consumerism Commentary; now I’m sharing the benefits of public accountability with the participants. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series.
Anonymous S is a 24-year-old engineer earning $67,000 a year plus bonus. He also builds websites on the side for an hourly fee of $20 to $35. Read his bio here. Anonymous S is on Team Roger, with Certified Financial Planner Roger Wohlner.
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