There's been a few great articles around the web in the last few days on frugality burnout and the importance of establishing balance. Here's a few that really spoke to me: Does making do wear you down? by Forest at Frugal Zeitgeist - great comments on money hoarding. Because let's face it, ...
Category Archives: budgeting
Credit cards – love them or leave them?
Prior to having one of my credit cards cloned last year, I bought almost everything with a credit card. Contrary to Dave Ramsey's warnings, I haven't found that I spend any more or less when I use cash vs. credit. According to Dave:When you pay cash, you can "feel" the ...
The money taboo that should stay taboo – talking to others about their finances
We all know people who are having financial difficulties. We’d all even like to help those people by giving them some free advice on how to get out of debt or make their paychecks go further. (Oh how we love giving advice!) Some of us actually do help out financially by giving money to our ...
Selective budgeting and spending more, not less
I'm going to implement a budget for the month of January and see how it goes. I'm going to set an upper limit of $3,000 for the month. All fixed and semi-fixed costs that I have (mortgage, utilities, parking for work - just part time, gas for work) will amount to approximately $2,000 ...
The basic retirement plan
Here's the big question for me right now:How to live on nothing coming in but investing income?I'm going to have a general rule of thumb. The first year, I will keep enough in cash that I don't have to draw on any of my investments. That will be around ...
Tracking spending – Keep it Simple Sweetheart (KISS)
I tracked my spending for the month of October for a few reasons. My primary purpose is to establish a baseline of adlib spending to see where my money goes when I'm not consciously limiting anything I buy. In the coming months, I'm going to deliberately cut my spending in a few categories - for ...