It’s that time again, Daylight Saving Time started while we slept.
By the way, if you didn’t know, this Dali work is Persistence of Memory. If you refer to it correctly the first time and are asked again, it’s okay to say “you know, the melting clocks.” Glad to get that out of the way. Now, on to my best of the week.
At Eliminate The Muda, FinEngr of Engineer Your Finances asks What’s your magic number? The (literally) million-dollar question. Everyone’s number is unique to them, but it seems we all start with trying to understand if we will spend more or less after retiring. Is a million enough? For some, yes, others, maybe not.
Next on Len Penzo’s site is a guest post, The (Dead)Beat Generation, a discussion of whether to walk away from your mortgage. I’m still on the fence about this, gathering up a survey of others’ views and trying to come to my own conclusion.
Meg Marco authored Consumerist’s 10 Commandments of Credit, which caught my eye both because I’m a list guy as well as the common sense it offers. Dave Ramsey be darned, I’ll take the advice here, “Thou Shalt Get A Credit Card With Extended Warranty Protection, Cash Back or Reward Points, And Thou Shalt Take Advantage Of Them.” This, and 9 more great credit tips.
Another recurring question, Is There Such a Thing as “Good Debt,” was asked at Fiscal Geek. In theory, debt is good if you can get a higher return than the interest you are paying. In the old days, a zero fee, zero interest credit card that let you borrow for a year was a great deal, to me, good debt. Short of that, I’d say being debt free is a worthy goal.
Last this week, I liked 7 Income Tax Breaks – Thanks to Your Children, by Miranda. As tax time approaches, this post is a great reminder of the tax breaks you can take advantage of if you have children. Take a look and see if you’re taking advantage of the tax breaks available to you.
Have a great week. Enjoy the extra daylight.