Wednesday’s need-to-know money news

Stress Level Conceptual Meter Indicating MaximumToday’s top story: Passing the financial sleep test. Also in the news: How to tell if you have a good 401(k) match, how to tell if a purchase will truly make you happy, and the most tax-friendly states for retirement.

Does Your Financial Plan Pass the Sleep Test?
Are your finances causing you to lose sleep?

How to Tell if You Have a Good 401(k) Match
Is your employer generous enough?

Plot Your Purchases Along the Fulfillment Curve to Know When It’s Worth It
How to know before you buy.

These Are The 10 Most Tax-Friendly States For Retirees
Is yours on the list?

The magic of tidying up your money

ClutterFor the uninitiated, it probably seems weird that a book with the unlikely title “The Life-Changing Magic of Tidying Up” can be a New York Times bestseller–or that the introverted Japanese author Marie Kondo is now so famous she can no longer ride the Tokyo subway for fear of being mobbed.

Kondo contradicts a lot of the accepted wisdom about the best ways to organize, urging marathon sessions and encouraging people only to keep what “sparks joy.”

Here’s how the New York magazine writer Molly Young describes the appeal:

In theory, Kondo should translate poorly to American audiences. We don’t like being scolded, we don’t like foreigners telling us how to live, we don’t like our sloppily balled socks treaded on. We don’t like paying $16.99 for 224 pages of nagging. Our roommates and spouses do that for free.

But Kondo doesn’t nag. Instead, she urges a kind of animistic tenderness toward everyday belongings…Kondo’s thesis—that the world is filled with worthy recipients of mercy, including lightweight-microfiber ones—is as lovely as it is alien. It’s empathy as an extreme sport.

While reading the book, it struck me that while you may not want to apply all Kondo’s principles to your stuff, they actually work pretty well when applied to your money. For more, read my DailyWorth column, “The Life-Changing Magic of Tidying Up Your Finances.”


Wednesday’s need-to-know money news

Zemanta Related Posts ThumbnailToday’s top story: A month-by-month guide to staying on financial track. Also in the news: How to avoid making a big financial mistake, why you should consider a “money diet”, and how to simplify your 2015 finances.

A month-by-month guide to staying on financial track in 2015
Taking it one month at a time.

Don’t Make This Big Personal Finance Mistake
Why not having a credit card could do more harm than good.

Spending Hangover? Time For A Financial Cleanse
Clearing the financial fog.

Consider a Month-Long “Money Diet” to See How Savings Add Up
No cheating.

5 Ways to Simplify Your Finances in 2015
How to make things easier.