I’m looking forward to a fun weekend. Rumor has it the sun will make an appearance in Portland, which means Kris and I can do some more gardening. I’ll also be able to mow the lawn for the first time this year. Tomorrow morning, I’ll make my first marathon training run. (I’m doing it for the companionship, not with the marathon as a goal.) And tonight I’m going bowling with some of my old high school friends, including two that I haven’t seen in 20 years. It’s going to be awesome!
Speaking of awesome, here are a few of my favorite personal-finance stories from around the web…
Last October at Gather Little by Little, Gibble wrote a profound article that has been seeing a lot of attention lately, and deservedly so. Do you appreciate what you have?” he asks. He describes three lessons his teenaged son learned while volunteering for a local homeless shelter, concluding: “Regardless of where you are financially, how small your home may be, how much debt you may have, or how behind on your payments you might be don’t ever forget one thing: Someone, somewhere has it worse than you.” This is a great post.
Frugal Dad recently looked at a subject that I’ve never considered. “Should parents pay off kids’ credit-card debt?” he asks. Many parents don’t have this option because they’re struggling to get by themselves. But if you could pay off your child’s debt, does that mean you should? It’s an interesting question.
Across the sea, Plonkee recently made a stab at explaining the sunk-cost fallacy, the notion that once you’ve spent money it’s gone and shouldn’t be factored into your decisions. I’ve tried to tackle this subject once or twice myself, but feel like I’ve never done a good job of explaining it. I like Plonkee’s definition better than mine.
Finally, Billshrink has a handy chart that shows where to get your money’s worth. They’ve compiled the return periods and store policies for 19 major U.S. retailers and listed them so that it’s easy to easy to choose the one you need!
This article is about Spare Change