HapiMoney

MIT is offering a series of classes this January for those of you in Cambridge who are interested in learning more about financial planning.  Here’s an aggregated list: Basics of Investing Paul Gunning, Planning and Guidance Consultant, Fidelity Investments Wed Jan 6, 12-01:00pm, W20-306 Tue Jan 12, 12-01:00pm, W20-407 Tue Jan 19, 12-01:00pm, W20-306 No [...]

Image via Wikipedia In our last post, we covered exactly how much cash you should keep on hand. 6 months worth of expenses plus any additional known large cash outlays should do just the trick. One thing that wasn’t mentioned is that this assumes that your income is greater than your expenses.  If you are [...]

Image by Lab2112 via Flickr A question that people often come across is how much cash to keep on hand (not literally on hand, obviously. Put it  in the bank).  The short answer is 6 months worth of expenses + the value of any large expected cash purchases within that time frame. If you spend [...]

Image by jtyerse via Flickr Economists and Money Managers have a dirty little secret: spending money now is better than spending money later.  It’s true, ask them.  Finance professionals even “discount” money to be received in the future – things like inflation, opportunity cost and risk of loss all eat away at its value. Hell, [...]