This Wednesday I think we are all taking time to reflect on what happened in England Monday evening. Innocent lives were taken, and there are so many mothers, fathers, brothers, sisters, and friends without their loved ones. While I preach that money matters, what matters most is the gift of our lives and the right to not have that life taken from us. I'm keeping those affected in my prayers, and I hope one day we will be free of senseless violence. Summer Boldness
As we get ready for vacation season it is time to make some BOLD decisions about how we spend our vacation money. Remember it is our year of boldness. Do we splurge for the five star hotel or use some of the funds for a once in a lifetime excursion? Is the fancy restaurant worth it or can we do a deli instead? I've found that shopping around for hotels and car rentals can make a big difference in how much we spend. I also love discount websites for things like museum passes and restaurant deals.
How are you spending your summer money this year? What BOLD decisions have you made about prioritizing your vacation money? Are you skipping the vacation altogether and doing a staycation instead? I love hearing the ideas people have.
In Case You Missed It
Chicago Booth put out a great piece on how pricing strategies can have an impact on debt. Companies that rarely change their prices are more likely to go into debt than those that practice price flexibility. This is all interesting, because it can easily explain the problems the car companies had before the bailout. Car prices rarely change, and as a result the money eventually runs out.
I hope you all enjoy the rest of your week. I am looking forward to the long weekend.