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Money Monday: The Four Horsemen of Personal Finance

Finance blogger Len Penzo wrote a brilliant piece titled "Beware the Four Horsemen of Personal Finance."

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

  • Cigarettes
  • Lottery Tickets
  • Alcohol
  • Dining Out

Cigarettes: 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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