Money Monday: The Four Horsemen of Personal Finance

Money Monday: The Four Horsemen of Personal Finance

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Finance blogger Len Penzo wrote a brilliant piece titled “Beware the Four Horsemen of Personal Finance.”Money Monday: The Four Horsemen of Personal Finance

 

 

 

 

Penzo’s “Four Horsemen of Personal Finance” are as follows:

  • Cigarettes
  • Lottery Tickets
  • Alcohol
  • Dining OutCigarettes: Forget the health consequences: Your higher spending level matches your addiction.Lottery Tickets are often called a “Stupid Tax” considering the astronomical odds of winning.

    Alcohol is much like cigarettes — soft drinks are about a quarter of the price and you get free refills

    Dining Out is five times more expensive than cooking in.

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