For most households, basically three or four things are all that moves the needle. The big questions like where should we go to college don't take up much of the debate. Social aspirational spending trickles down from one social economic group to the next. An under appreciation of the long term costs of purchases with too much emphasis on initial sales price.
The first episode -- who knows where this will go?
There is a science to spending money – how to find a bargain, how to make a budget, things like that.
But there’s also an art to spending. A part that can’t be quantified and varies person to person.
In my book I called money “the greatest show on earth” because of its ability to reveal things about people’s character and values. How people invest their money tends to be hidden from view. But how they spend is far more visible, so what it shows about who you are can be even more insightful.
Everyone’s different, which is part of what makes this topic fascinating. There are no black-and-white rules.
But here are a few things I’ve noticed about the art of spending money.