When I last wrote about our two- or three-year plan to pay off all credit card debt, we were struggling up Mount Savings, frequently buffeted by the winds of unpredictable expenses.
At that time, the goal was a cushion of $5,000 in savings — a base camp, if you will, from which to mount a demolition [...]
Entries Tagged as 'Saving'
Budget 2010: Progress on the Debt Front
December 1st, 2009 No Comments
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Pay Off Debt First, or Save?
April 21st, 2009 12 Comments
When I first started this blog, I envisioned socking money away in a variety of interest-earning places: IRAs, CDs, and money market funds. I was fresh from the “eureka! Savers build wealth!” experience that the otherwise clueless among us get when they’ve just stumbled across “The Millionaire Next Door,” and ready to start building some [...]
Tags: Cash Flow · credit cards · paying off debt · savings
Thomas Stanley on Creating Your Own Wealth
October 22nd, 2008 2 Comments
So, Mr. Stanely, for the money:
How can I get richer?
Subscribe to the cheap date, hurry up and wait philosophy, Stanley says. That is, spend less, save more, and repeat.
To hear him tell it, millionaires next door are no rocket scientists. They didn’t get rich quickly, and neither will most of us. (Unless you’re about to [...]
Tags: cheap date · hurry up and wait · investing · spending: duh factor
Saving Is In Again: Thomas Stanley on the Glutton Economy
October 15th, 2008 4 Comments
Thanks to this week’s Carnival of Personal Finance at Budgets are $exy for pointing to this post. Have a minute? Check out the roundup there. I hope to highlight at least one post I loved later this week.
Hemispheres, the United in-flight magazine, just published a short piece I wrote last spring about saving to become [...]
Tags: Glutton Economy · Hemispheres · Hey big spender · The Millionaire Next Door · The Nobody Treatment · Thomas Stanley
Getting to 60% Part 2: More Details
October 10th, 2008 1 Comment
Husband here, chiming in with a more detailed picture of our progress toward 60%.
We used “creative accounting” to get down to 79% from something crazy like 89%. Nothing fancy, just moving newspaper subscriptions and Netflix into the fun category, and moving the car payment and home equity loan into the debt/savings category.
Grandma (my mother-in-law) graciously [...]
Tags: Cash Husband post
Getting to 60 Percent: Progress So Far
October 10th, 2008 No Comments
Here’s our progress to date on getting our fixed household expenses to equal no more than 60 percent of our budget. Right now our committed monthly expenses — utilities, mortgage, taxes, gas etc. — stand at 73 percent. (I think this might be an accounting adjustment from the previously reported 79 percent. Cash Husband can [...]
Tags: cuts · new habits · pet peeve · progress to 60 percent
