Knudge.Me

So I’m getting married this year. October. Paying for a wedding is expensive, but we’re managing somehow.

While that price tag of our wedding makes me anxious, the thought of having a child anytime soon makes me even more so.

Click here to enlarge (courtesy of Visual.ly):

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What really makes me worried is the priorities part. As a soon to be 29-year old male, I spend most of money on experiential things: learning, trips, eating, going out. And as I mentioned prior, before returning to school, I was able to manage my money decently well (meaning, I actually had money to spend).

In short, having to think about how my spending habits affects other people is not something I really ever thought about - ask my fiance, she’ll tell you I suck at it (getting better, but I still suck).

And I think that’s something that’s missing from the financial education conversation. It’s pretty powerful stuff once you sit down and think about it. Granted, many of you may already know all this, and I may be late to the game, but still…

How do you teach this? Is it maturity?

Off to ponder…

My apologies again for the lack of updates recently. In case you didn’t see my tweet earlier, my life’s been a bit nuts. Calming down though. 

On another note…

Seriously - if you haven’t done your taxes yet you have um… 26 days left to do so.  At least get organized. That’s step one. Takes longer than you think. Don’t underestimate tax form finding and gathering. It’ll get you.

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I’m in a bit of a financial rut right now. Life happens. Unfortunately some of that happening is a bit expensive. Last weekend I attended a bachelor party (those are always expensive), had to buy a suit for an interview that popped up - it was like a real life random battle, and for the next few weeks have weddings to attend. 

Argh.

What this means is I’m trying avoiding doing things that cost money. Or better yet… finding things to do that don’t cost much money at all.  Here’s my tentative mixed list:

• Watching Aziz Ansari’s new comedy special
• Running - Note: I think running is one of the stupidest things ever. It’s the only activity… well, one of two that I can think of… where the better you get at it, the longer it takes to do
• Work
• Maybe get caught up in school
• Learn some more coding
• Follow the Tim Tebow saga
• Sit

This list makes me sad. My life is not very exciting…

Anyone else got any other ideas?

P.S. I was supposed to research the cost of getting your nails professionally done vs the cost of doing your nails yourself. I failed. Sorry ladies. 

Those that have been reading this blog for a while know that I always bring up the fact that 50% of all American adults are financially illiterate.

For a recap, that means that every other person can’t answer the following questions correctly:

• You have $100 in a savings account that earns 2% interest per year. After 5 years, how much do you think you would have in the account if you left the money to grow?

** more than $102

** exactly $102

** than $102

• Imagine the interest rate on your savings account was 1% per year and inflation was 2% per year. After 1 year, would you be able to buy more than, exactly the same as, or less than today with the money in this account?

Our highest priority here at KnudgeMe is to help you understand how you spend money, so that you can better save money, but part of doing that means teaching these savings concepts at the same time.

However, unlike most places

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I saw a post come through the KnudgeMe Twitter feed this morning entitled Ten Things We Hate Spending Our Hard Earned Money On.  While I don’t necessarily agree with the list - I actually don’t mind paying money for the dentist, but I do mind paying money to see the doctor for all of 2 minutes though - it got me thinking.

What do I really hate spending money on?

Cable TV.

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So apparently RG3 of Baylor fame runs a 4.41 40. That’s pretty fast. Maybe not as fast as or amusing as this guy, but that’s up for debate.

Now onto the non-youtube stuff.

We’ll be closing Alpha/Beta signups at the end of this week. So if you haven’t signed up yet, do so now: here.

For those that need a bit more convincing - I’d like to show you our draft mobile flow. Most of it will look pretty similar to what we have on the web. Scroll through to the end though, there’s some functionality that makes more sense to have on the mobile app than the web - on initial thought at least.

So without further adieu -

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