CFI Blog

Why Do We REALLY Need to Budget?

Why Do We REALLY Need to Budget?

“A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” — William Feather Previously, I’ve covered what you need to do when you budget, ranging from getting a massage to having a family meeting, but I’ve never really covered why you need to budget in the first place? It’s … Read more

How Ego Depletion Allows Monkey Brain to Buy Junk

How Ego Depletion Allows Monkey Brain to Buy Junk

“I generally avoid temptation unless I can’t resist it” –Mae West Have you ever had that person in the office who has a bowl full of chocolate candy, and you happen to love chocolate candy? You walk by it several times a day, each time longingly looking at the chocolate, imagining the delicious taste as … Read more

How Optimism Bias Affects Our Future Planning

How Optimism Bias Affects Our Future Planning

“Welcome to Lake Wobegon, where all the women are strong, all the men are good-looking, and all the children are above average.” –Garrison Keillor How often have you been driving along on an empty road, with nobody visible for miles and miles – or at least to the next terrain feature – when a car … Read more

Sacred Cows Make Great Burgers

Sacred Cows Make Great Burgers

I don’t want any vegetables, thank you. I paid for the cow to make burgers. –Doug Coupland I don’t eat them often, but, goodness, I enjoy grilling burgers. I’ll give you an incentive to read the rest of this article. At the end, I’ll give you my kick-(censored) hamburger recipe. I know. I’m about to … Read more

Stuff Tore a Family Apart. What a Shame.

Stuff Tore a Family Apart

“There is a sufficiency in the world for man’s need but not for man’s greed.” –Mahatma Gandhi Recently, my wife’s grandmother passed away at age 90. At the viewing, her 89-year-old younger sister came to pay her respects. This would normally not be a noteworthy occasion, except, in this case, they’d not seen each other … Read more

Learning From Your Mistakes – Why Credit Card Fees Aren’t the Same as Stocks

Why Credit Card Fees Aren’t the Same as Stocks

“An expert is a person who avoids small error as he sweeps on to the grand fallacy.” –Benjamin Stollberg When I first got out of college, I rebelled against the system. For four years, I’d been forced to keep my room clean, straight, and spotless, and was subject to unannounced inspections. Failing those inspections could … Read more

Why You Should Buy LESS House Than You Can Afford

Why You Should Buy LESS House Than You Can Afford

“The mansion should not be graced by its master, the master should grace the mansion.” –Marcus Tullius Cicero “I think maybe ten years from now, I’m hopefully going to be, in like, Tahiti or something. Kicking back like in my huge mansion, if everything goes right, it’s all up to me.” –Corey Haim When my … Read more