Evolving Personal Finance » Entries tagged with "Freakonomics"

You Should Spend More and Save Less (Especially Grad Students)

October 14th, 2013 | 41 Comments

You Should Spend More and Save Less (Especially Grad Students)

The same episode of Freakonomics that I wrote about last week contained another segment that I thought worthy of comment here (and actually there is one more!).   Levitt told Dubner some advice that he received from an older faculty member when he was just starting out as a professor of economics: “You should spend more and save less.  You’re never going to be poorer than you are today…  Your salary would only go up and your … Read entire article »

Filed under: career, grad school, savings, spending

Perfect Articulation of Plastic as Real Money for Young People

October 7th, 2013 | 36 Comments

Perfect Articulation of Plastic as Real Money for Young People

In episode of Freakonomics from 10/3/2013, Steve Levitt and Steve Dubner discussed a listener question that I thought was a perfect articulation of my opinion concerning the studies that show that people tend to spend more when using credit cards in comparison with cash.   Steve Reta wrote: “This morning I was reading an article on how credit card spending is making us ‘irresponsible’ because it removes the ‘pain’ of paying with cold hard cash.  I found … Read entire article »

Filed under: credit cards, psychology, spending