Evolving Personal Finance » spending

Does the Source of Gift Money Matter in Spending?

April 2nd, 2012 | 14 Comments

Does the Source of Gift Money Matter in Spending?

This past weekend I was in Atlanta participating in a global health case competition.  The top prize was $6,000 for a team of 6.  My team didn’t win or even place (though I was very happy with our performance) but before the weekend I spent a little time thinking about how I would use the $1,000 if we did win.   If I received a sum of money as a gift from a family member, for instance, … Read entire article »

Filed under: giving, spending

Do You Ever Just Give In and Spend?

February 27th, 2012 | 30 Comments

Do You Ever Just Give In and Spend?

I’ve written several times about our targeted short-term savings accounts.  For the most part these work very well for us in saving for our anticipated expenses.  But sometimes, the system backfires – specifically, when we need (?) something that we haven’t saved for, or haven’t saved enough for.  Dividing up our cash among all these accounts means we have to do some psychological tricks to get the money from elsewhere.   We’ve had two instances of this … Read entire article »

Filed under: budgeting, choices, spending, targeted savings

« Newer Posts