psychology

Saving more money is a goal most of us share, but many Americans find that they have very little saved at the end of the month. The recent recession saw Americans saving more than we have in years, up to nearly 7% at one point. In recent months though, that number has been falling back [...]

I didn’t always agree with Dave Ramsey because I think some of his recommendations aren’t mathematically efficient. But as I pass my two years mark as a personal finance blogger, I must admit that have a growing appreciation for his school of thought. After all, we are human beings and not robots — so, mathematically [...]

Here’s a good video podcast by Dave Ramsey. In just 5 minutes, you can improve your chance of financial success — how can you say no to that? In this video, you’ll learn what Dave Ramsey is all about and what he teaches. I thought the segment on Baby Steps and Debt Snowball was particularly [...]

Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. In this article, I’d like to walk you through [...]

With the current economic crisis in full swing, it’s easy for us to fall into the recency bias trap.  In psychology, the recency effect is the tendency to remember more recent events or observations more vividly and give recent information more weight than historical information. Unfortunately, this recency bias could cause you to abandon your [...]

Maslow’s Hierarchy Of Needs is a theory in psychology conceived by Abraham Maslow in 1943.   The theory first appeared in his paper A Theory of Human Motivation. Maslow’s Hierarchy Of Needs is typically represented as a pyramid consisting of five levels — i.e., physiological, safety, love/belonging, esteem, self-actualization as the one shown below.
Maslow’s Hierarchy [...]

News and Highlights

Brip Blap – I’d like to congratulate Steve at Brip Blap. His blog just reach the 1 year anniversary milestone — a fantastic accomplishment.
eFinPLAN — I will announce the winner of 1-year eFinPLAN financial planning software subscription giveaway on July 15th. To enter, please subscribe to my blog via RSS feed or email [...]

This was a great week for members of the M-Network. Here are just a few highlights:

First, be sure to check out our brand new M-Network Blogs home page.
Being Frugal welcomed CNN readers after her blog was featured CNN Living, $10,000 for child’s birthday party?
Single Guy Money was cited as one of the best personal finance [...]