Welcome to the Smarter Living newsletter. Editor Tim Herrera emails readers once a week with tips and advice for living a better, more fulfilling life. Sign up here to get it in your inbox every Monday morning. Though there’s never a wrong time to get your finances in order, a new year is the perfect excuse to take a deep look at your relationship with money. Whether you’re just starting out in your career or you’re nearing retirement, below is The Times best financial advice from this year on earning and saving more money and, more important, deciding what to do with all of it.
No, cutting out that indulgent, extra-fancy coffee once a week won’t make you a millionaire, but those small savings truly do add up over time. Find where you’re nickel-and-diming yourself, then see what you can stand to eliminate. Read more »
The leaks out of the failed Romney campaign are just getting started. It seems that just hours after conceding the election to Barack Obama, Romney campaign staffers were shocked to find that the credit cards they tried to use to pay for taxis home from campaign headquarters had been frozen. “Fiscally conservative,” an aide told NBC News the next day. The former governor didn’t seem to be hurting for cash, having raised north of $800 million during the most expensive election cycle of all time. That money came from donors, who are apparently hopping mad that their investments will go for naught. They are claiming that Romney and his aides vastly overestimated his chances of winning in order to juice campaign donations. So maybe Mitt needed to cut those credit cards in order to save some cash to pay back his debts. For his own part, Romney skipped a taxi ride home and was instead driven to his place outside Boston by his son, Tagg.