This may seem silly but it’s true – donuts are a great way to test the law of diminishing returns. As a brief refresher from your school days, the law of diminishing returns states that at some point, each additional “unit” yields lower returns. In other words, you get less out of it than you put into it.

Budgeting is a very proactive activity. Budgeting is taking the time to decide in advance how you are going to spend your money and how you are not going to spend your money. A good budgeter will rarely end up in bankruptcy.

Should you open your savings account to help others? What if you knew that helping them this one time wasn’t really going to change their situation. In fact, you may even be an enabler. Would you still help?

I’ll be honest. I don’t like switching bank accounts. I find it a hassle. But every now and then, I discover a reason or reasons so compelling, that the hassle doesn’t bother me.

A list of 49 expenses that should not be paid for with money from your emergency fund.

I received an email today from my bank asking me to opt in for overdraft protection. After clicking through to the opt in site, I realized that the email and site may not be legitimate.

My wife and I decided to take on J. Money’s No Spend Challenge he issued on Untemplater. The result: we failed miserably. Here’s why.

Over at Untemplater.com, J. Money issued a challenge to not spend any money outside of the necessary (e.g. groceries and utilities) for 30 days. Well, I’m taking him up on it.

I have a real treat today. Seth Risenmay, the founder of MoneyDesktop.com, answered some questions from me and also graciously offered a promo code for a free 3 month trial of his product.

You’re a liar. Don’t worry though, so am I. In fact, most people are liars. Satisfying some psychological need, we tell ourselves “stories” or lies about why a certain product or service will fulfill some deep rooted “need”.

Steven R. Covey taught that we should focus on living a principle centered life. As we align our actions and purpose with correct principles, we set a firm foundation for success and happiness.