Hello, I’m Mr. Widget and welcome to Engineering Cents! Why Mr. Widget? Well a widget is a term commonly used in engineering to describe a product or item that is unknown, and for the time being I plan to remain anonymous.
I have a BS and MS in Engineering and have been an engineer in industry for over ten years. In addition to engineering, I also have a passion for personal finances. This passion really started to gain momentum after I met my wife, Mrs. Widget (yes, she agreed to the name). Transitioning from a life of only having to worry about myself to one where I had to think about a family really motivated me to change my approach to how I was handling the many financial aspects of life.
Many situations in life only require common sense to know what decision to make in order to avoid negative consequences. These are things that I never had to experience or be taught not to do. Unfortunately, common sense is not enough when making important financial decisions. We must go beyond common sense and use our Engineering Cents!
You do not need to be an engineer by trade to use your Engineering Cents. All you need is a willingness to learn and an open mind when facing any financial decision. Many times in engineering and in life it is difficult to overcome our own bias, after all people are a factor of their own upbringings and experiences. Overcoming some of these biases leads to objective decision-making based solely on the variables related to our personal situation. In many situations there is no right or wrong answer. Instead, decisions must be made to ensure the most optimal outcome for our individual circumstances.
My vision for this blog is to apply an engineering approach to life’s financial situations. As an engineer, my training taught me to gather all relevant facts and viewpoints prior to making any big decisions. As in everyday life, mistakes in engineering occur all the time; engineers are humans after all. The key focus is learning from the mistakes so they are not repeated. My posts will detail the many financial aspects of life that I have encountered so far, in the hopes that others may learn from and comment on them. I look forward to hearing from you all so that I may learn from you and gain new perspectives on things I may have missed or have not experienced yet.
Thanks for stopping by and I hope you enjoy the blog!