Bucket Your Money
An easy way to level up your finances is to bucket your money. It’s a mental accounting trick that helps both your objective financial plan and your subjective financial mindset.
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
An easy way to level up your finances is to bucket your money. It’s a mental accounting trick that helps both your objective financial plan and your subjective financial mindset.
Another quarter in the books! Every three months, I’ll be taking a look at my personal finances, recent news from The Best Interest, and more dog pictures.
My parents’ neighbors’ house caught fire last week. My financial mind can’t help but see powerful money lessons.
Can I contribute cash and then wait to invest once the market hits its bottom? You can. But it’s not a smart idea.
I am amazed (but mostly frustrated) at my ability to do childish things. Too many cookies. Too much TV. Not enough exercise. You get it. And you’re probably in the same boat. But I know human brains—your brain, my brain—can change. They can improve, whether in finances, diet, exercise, or another arena.
My thoughts on investing have shifted over the years. New ideas consistently challenge me and force me to question my assumptions. The biggest: is there skill in investing?