How the NYT Thinks We Should Do Money Next Year
Today in “contradictory advice,” we go to the New York Times:
Whether you’re just starting out in your career or you’re nearing retirement, below is The Times’s best financial advice from this year on earning and saving more money and, more important, deciding what to do with all of it.
The NYT divides its best financial advice into six big categories which, in effect, cancel each other out: one category advises us to go through our budget and figure out where we can cut back, and another category advises us to spend more on takeout (and other time-saving services) because time is just as important as money.
If we follow the NYT’s advice to spend money to save time, we won’t be able to follow their advice to increase our retirement savings—but maybe if we follow their advice to negotiate a pay raise, we’ll have enough income to do both. (It always comes down to having enough income.)
Except… the NYT also wants some of that income to go towards hiring a financial planner.
If you haven’t already used up your free articles for this month, check out the list and let us know which (if any) of their tips you’ll be following—because it looks like it’ll be difficult to follow them all.
Support The Billfold on Patreon
The Billfold continues to exist thanks to support from our readers. Help us continue to do our work by supporting us on Patreon.