Excessive self-indulgence is probably not a good idea, but Keinan and Kivetz suggest that the alternative is just as bad. At the other end of the spectrum is too much self-control and excessive farsightedness. These hyperopic people view splurges as wasteful and irresponsible, and as a result avoid the very things that would actually bring them the most pleasure in the long run. And so, over time, while their indulgent counterparts feel less and less guilty about their decisions, these people who chose self-control and virtue over vice express a growing sense of having missed out on their lives.
This post is courtesy of the LendingTree.com Smart Borrower Center.
You can pay off your college debt fast by accelerating your payments and choosing payment plans that work with your budget.
Once you leave college, one of the most critical things you have to do is deal with the debt you incurred in college. This can seem [...]
Before you go car shopping, learn from the car-buying mistakes of others so you can avoid making them yourself.
The “behavioral profiling” that people are concerned about is centered around the relationship between the terms of their credit cards and the places that they shop. Apparently, people who used their credit cards at bargain-associated stores, like thrift shops or generic retailers, had their credit limits reduced, because the people who are more likely to shop at those stores are also more likely to be bad credit risks.
Most credit card holders have recently been hit with higher interest rates and lower available credit. The good, (if not slightly irritating) news is that for many, a phone call is all you need to get things back to normal. Here is what you need to do.
n response to the credit crisis, Little Bay Restaurant is letting customers pay whatever they want for their meal for all of February. Peter Ilic, the restaurant’s owner, wants the diners themselves to decide what their meal was worth, even if that turns out to be just a penny.
A persistent letter campaign is usually effective in correcting your credit report. You just need to roll up your sleeves and do it! And if you’re lacking motivation, remember that each letter your write is likely equivalent to a thousand dollars (or more!) in money saved.
This is not a typical Good to Grow blog post: we do our best not to spend time talking about the inner workings of Thrive and instead focus on the concept and practice of personal finance, because that is what helps the people we want to help. Talking about our team’s love for Rock [...]
Gaining control of the urge to splurge is the first part of digging your way out of debt. The second is taking advantage of ways to lower high-priced interest expenses, such as credit cards, that you may have accumulated over time.
Know the difference between smart and dumb debt, pay off your existing debt and schedule your payments well.
This post was written by Mengmeng Wang, Contributing Writer on February 27, 2009 
