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Borrowing money from my parents saved me hundreds in interest


Courtesy Rebecca Chamaa
I ve never liked paying interest, so when I needed money to buy a car, I wanted to avoid it.
Instead of taking out a bank loan, I borrowed money from my parents. I offered them 4% interest.
It was more than their money was earning at the bank, and saved me about $300 in interest.
I have a love-hate relationship with high-interest payments. I love when I receive them on my savings account, and I hate when I have to pay them on a loan. 
My husband and I have been lucky not to have to borrow money too many times in our over 20-year marriage. We borrowed twice for mortgages (not counting refinances) and once for a car. And we didn t take out our car loan from the dealership or even a bank we borrowed from my mom and stepdad. ....

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3 reasons cutting my own hair isn't worth the savings


The first lesson reinforced was a classic one: time is money.
One common way experts help people spend less money is asking them to view each expense not as a dollar amount, but as an increment of time. 
For example, if you make $10 per hour (after
taxes
), when you spend $500 on a TV, you are actually spending 50 hours of your time.
You can also flip the framework when looking at how much time something is going to take. If mowing your lawn takes an hour and hiring someone to do it costs $20, you should mow your lawn yourself using this math, since you re spending the value of two hours of your time. ....

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'Millionaire Teacher' advice for investing on auto-pilot


What is a robo-advisor?
An intelligent investment firm, or
robo-advisor
, manages your portfolio with as little human intervention as possible, protecting your money from your own self-sabotaging instincts, along with those of your money manager. The company puts decisions into the hands of computer algorithms, which are much more resilient in the face of volatility and uncertainty than we short-sighted humans. 
The way I think of it, it s a bit like sending a robot grocery shopping. While
you might get into the aisles and abandon your carefully-tailored meal plan at the first sign of a stomach rumble, your robot companion will never reach for junk food or tabloids at the register. It knows what s good for you, and will stick to the plan you agreed upon together, in your stronger moments  dutifully returning home with spinach and quinoa no matter ....

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