Photo by Jeff KeenOn Thursday, I talked about the fact that there should be distinctions among the various non-necessary expenses. Right now, they're all considered "luxuries" or "wants." But some items are more dear to us than others. (Thanks to Revanche for supplying me with the term "luxureeds" in the comments section of Thursday's post!)So, Continue Reading
Archives for June 2009
How much mad money do you allow?
Kind of like emergency fund vs. debt reduction this is one of the eternal questions, no?Especially while you're still in debt, how much money do you give yourself to spend without concern? And how much is that in relation to your actual income?This question is once again rearing its head for Tim and I. For awhile, we had a whopping $10 each per Continue Reading
Want vs need: Is it too simplistic?
As I reviewed the budget yesterday, seeing if we could pare the budget down to $1,000 a month, I began to really consider the PF idea of "wants vs. needs." It's one of the most basic PF tenets -- and for good reason. When people's financial lives are out of control, they tend to have very skewed ideas of what is a "need." But how long should Continue Reading
Could you live on $1000/month?
Photo by The ConsumeristFabulously Broke in the City revisited this question with a resounding, "Yes I can!" Then she asked the real question: Can you? Honestly, I don't know. Would that be just me? Me and Tim? Or me and Tim averaged out. Here's what we have on budget for the month. (Sorry for the lack of formatting. Blogger did NOT want to Continue Reading
Skip payments: Stupid move… or is it?
Me vs. Debt recently related a little trick Chase played on her recently: eliminating her monthly payment. Apparently, she can skip a payment -- so long as she pays past due and over-limit balances immediately. Oh, and finance charges will continue to accrue. But other than that, she's home free!Riiight.So, in other words, rather than pay your Continue Reading
Frugal is SEXY!
Photo by jawanijaneman071To piggyback a bit on my friend J. Money, "Frugal is SEXY!"Okay, on a first date, it might not be the ultimate turn-on to whip out a coupon (unless you're the one being taken out), but otherwise, frugality is pretty freakin' hot!Tim has worked his way from spendthrift to frugal! And I gotta tell ya, it's pretty sexy! (Psst, Continue Reading