Filed under
#first-principles
budgeting
the line you are working toward
Why your net worth can be negative — and that is completely fine
If your debts exceed your assets right now, you are not broken. You are probably just early.
insurance
still owed after the deductible was met
Why you can meet your deductible and still owe thousands
The deductible is where your plan starts paying, not where your spending stops. The number that actually caps your year is the out-of-pocket maximum — and four common charges don't count toward it.
banking
for a $4 coffee
Why overdraft fees exist (and why they're so much bigger than the overdraft)
The $35 your bank charges to cover a $4 coffee isn't a punishment fee. It's the price of a tiny short-term loan you didn't ask for — but the math behind it is real.