Tag Archives: income

Money Allocation Flowchart

One of the best thing we can do with our incomes is to deploy it as efficiently as possible. This means spending money on the highest priorities before paying for less important things. In 2015 I created a priorities list detailing how to spend one’s income to maximize financial success. The last time I updated that was chart was last… Read More »

How Consumers in Different Income Brackets Spend Money

Different Priorities for People in Different Income Groups According to the U.S. Bureau of Labor Statistics, people from across the income spectrum have different priorities when it comes to their spending. The graph below from npr.org shows average spending patterns for U.S. households in 3 income categories — one just below the poverty line, one at the middle of the… Read More »

How to Determine the Value of Your Free Time

A New Way to Measure Your Success There are varying degrees of success and many different ways to define it. For example, in order to be a successful frequent flyer, you will probably need a lot of connections. 😀 And if you’re trying to lose weight, success is all about mind over platter, and winning that Nobelly Prize. 😄 Financial success is… Read More »

Higher Education

University Grads Make More Money Over Time According to a recent study from the University of Ottawa, the cost of higher education is still worth it. University degrees are linked to higher salaries almost regardless of the subject. 🙂 The study published this week looked at income data for 620,000 graduates of 14 different universities and colleges between 2005… Read More »