Comments on: Spending Wisely http://www.consumerismcommentary.com/2005/02/16/spending-wisely/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Todd Derscheid http://www.consumerismcommentary.com/2005/02/16/spending-wisely/#comment-165 Todd Derscheid Sun, 13 Mar 2005 20:11:00 +0000 http://wp.consumerismcommentary.com/?p=188#comment-165 Sometimes what people think is a basic expense is actually a ripoff that's costing them money. If you run the numbers and you're genuinely in the hole-you need to fix it, ASAP. Example: They are leasing a car; a well-meaning family member gave them a universal life insurance policy that's really horrible; they are charging everything on a rewards card that has a 2-cycle daily balance calculation, putting money on credit cards with high interest rates, and so on. Even moving $20 a paycheck into a savings account automatically would help. Sometimes what people think is a basic expense is actually a ripoff that’s costing them money. If you run the numbers and you’re genuinely in the hole-you need to fix it, ASAP.

Example: They are leasing a car; a well-meaning family member gave them a universal life insurance policy that’s really horrible; they are charging everything on a rewards card that has a 2-cycle daily balance calculation, putting money on credit cards with high interest rates, and so on.

Even moving $20 a paycheck into a savings account automatically would help.

]]> By: Darren R. Sussman http://www.consumerismcommentary.com/2005/02/16/spending-wisely/#comment-164 Darren R. Sussman Thu, 17 Feb 2005 17:43:19 +0000 http://wp.consumerismcommentary.com/?p=188#comment-164 That's all relative, too, because it depends on what kind of lifestyle you want. Personally, I like my cable TV, and I enjoy reading magazines. We don't live in an area where you can ride a bicycle to places you want to go, so that's kind of out. I like going out to dinner and going out with my friends. So, yes, if you choose to live like a hermit, you can live on very little money. If that is what is important to you, that's fine. Just seems to me that there should be more to life than saving for the end of it. That’s all relative, too, because it depends on what kind of lifestyle you want. Personally, I like my cable TV, and I enjoy reading magazines. We don’t live in an area where you can ride a bicycle to places you want to go, so that’s kind of out. I like going out to dinner and going out with my friends. So, yes, if you choose to live like a hermit, you can live on very little money. If that is what is important to you, that’s fine. Just seems to me that there should be more to life than saving for the end of it.

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