Jim’s Payoff.com Money Management Guest Post

On September 19, 2011, in Managing money, Media interviews, by Jim Wood

Jim recently penned a guest post for the blog hosted by Payoff.com. It’s a summary of his “Ten Principles of Personal Money Management.” They are also giving away one copy of From Ramen to Riches every day this week on their Facebook page. Check it out!   Return to home>

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How to Make a Budget

On July 21, 2011, in Managing money, Spending money, by Jim Wood

Ah, budgeting. I will confess right now that this is one of my financial character flaws. I’ve never had the patience for dealing with budgeting details “by the book.” Let me explain how it is supposed to work. Then, I’ll tell you what I do for myself. Find a piece of paper or start a […]

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Keeping Your New Year’s Financial Resolutions

On January 4, 2011, in Managing money, by Jim Wood

This is the time of year where many people have made resolutions to trim debt or increase savings. Now comes the hard part — keeping those resolutions! I see this every year at my gym. The place is packed in January with new members who have resolved to lose weight. On one hand, I’m happy […]

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Your Money Philosophy

On December 4, 2010, in Managing money, Uncategorized, by Jim Wood

Have you ever taken the time to think about your relationship with money? Money is embedded into every nook and cranny of our lives. Not just physically, but philosophically.  At the extremes, why do some people forsake money for a life of serving the poor and others relentlessly accumulate it even when they have more […]

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“From Ramen to Riches” reader gets into action!

On November 29, 2010, in Managing money, by Jim Wood

I recently came across this delightful post from a reader who has really taken the “From Ramen to Riches” message to heart. Check out: http://rainbowsandflats.com/2010/11/28/year-two/

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Love your local credit union

On October 29, 2010, in Managing money, Saving money, by Jim Wood

I’m sure you’ve seen all the ads from Behemoth Bank about how you’re a part of their big happy family, right? Forget all that. The business on the other side of the table is trying to extract as much money as they can. Your goal is to get what you want and pay as little […]

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Credit card applications: the fine print

On October 16, 2010, in Managing money, Spending money, by Jim Wood

I received yet another glossy credit card solicitation in the mail this week. Normally these go straight into my recycling bin, but since I’m now blogging about personal finance, I thought it might be interesting to read the details of this offer. The solicitation was a partnership between a major bank (whom I will fondly […]

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Sneaky gas station tricks

On October 8, 2010, in Managing money, Spending money, by Jim Wood

I’ve recently been stopping at a national-branded gas station with fairly inexpensive gasoline that’s on the way home from my son’s karate school. The first couple of times, I was getting ready to pump the gas while daydreaming about something else. As I reflexively went to hit the “87-octane” button, my hand stopped in a […]

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Getting a gym discount

On September 30, 2010, in Discounts, Managing money, Spending money, by Jim Wood

An establishment that does not post prices online or have a rate sheet for review is inviting you to negotiate. Health clubs and gyms are frequent perpetrators of this approach. Never take their first offer. For example, when we first enrolled in a local health club a few years ago, we told the sales associate […]

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How long does it take to double your money?

On September 17, 2010, in Investing money, Managing money, by Jim Wood

Have you ever wished you had a handy rule of thumb to estimate how long it will take to double your money? Or perhaps you would like to figure out how damaging inflation can be over the long term? Let me introduce you to the Rule of 72. Here’s the formula:   72 / interest […]

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