Things to Think About

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Money is complex. As much as we like to think it’s simply about math–dollar and cents–it’s really about so much more.

Behavioral Finance

Historically, our economic models have centered around a rational model. That model depends on the fact that all human beings will act on their best economic interests at all times.

We know this isn’t the way things play out in real life.

Humans tend to react emotionally rather than rationally. Our finances are not immune to this behavior.

Behavioral finance looks at money through the lens of what we actually do rather than what we would do if we always acted in our own self-interest after running the numbers. Because let’s be honest–the vast majority of the populace doesn’t bust out their calculator before busting out their credit card.

Money vs Morals

This guy named Jesus once said it’s easier to get a camel through the eye of a needle than it is for a rich man to get into heaven.

Some people say that “Needle” was the name of a gate in Jerusalem. It was difficult to get through, but it could be done if you unpacked the camel.

Other historians argue that the gate that was the Needle did not exist in Christ’s time.

The point is not to give you a history or religious lesson. We claim no religious priority or superiority here. Rather, the point is that people have recognized for a decently long time that money can corrupt. It can motivate us to do things against our moral standards as we use logic to legitimize greed and blind judgement of our fellow human beings–especially when they are less privileged than we are.

I’m super interested in this topic. I think it’s an important one to remain cognizant of as we build our own personal wealths, so we explore it frequently on Femme Frugality.

Intersectional Women’s Finances

When you’re a woman, you’re disadvantaged financially, and no one’s giving you a handicap. While things have improved significantly for women economically in the past centuries, they are not yet equal.

This is especially true for women of traditionally marginalized populations, which is why Femme Frugality runs an on-going series on Intersectional Women’s Finances.

Thinking Deeply About Money

If you want to think about money beyond the surface level, you’ve come to the right place. Check out our archives, which will help you delve a little bit deeper:

do you qualify for the earned income tax credit

The Earned Income Credit: Why It’s Not Cool to Hate on Poor People

What is the earned income credit? It's a government subsidy on the minimum wage, and you just may qualify for it. Your tax return deserves to be bigger.

Optimism bias and being overly optimistic can be bad for your personal finances.

Being Too Optimistic is Bad for Your Finances

From debt to gambling, entrepreneurship to savings, being overly optimistic about your money can lead to financial ruin. Read this to learn some realism.

Change your money mindset and get your personal finances together!

Her Money Matters: Book Review

Even if you know what you should be doing with your money, it can be hard to actually do it. This book helps you change your money mindset for the better.

Is passive income or time-for-money work better?

Philosophy of Passive Income

Which is better: trading time for money or pursuing passive income opportunities? Depending on where you are in life, the answer could be both.

Free Rides Home to Prevent Drunk Driving

Are you drunk? Don't drive home! Here are a ton of ways to get cheap or FREE rides home. Use them. Because DUIs and funerals are crazy expensive.

Want more things to contemplate? Femme Frugality goes way deep on the regular. Click the ‘Older Posts’ button above to see more.

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