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Turn Money Problems into Rewarding Solutions

Got Money Problems? Find Peace with Your Paycheck


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I like the point about wants versus needs! Report
Good advise! Report
This is one of the best articles I have read for awhile. Makes such good sense Report
For years, no matter what the cost, I have a simple solution for clothes shopping. I ask myself before I buy it, how many times will I wear this. Then I divide the price by that amount. If the per wear price isn’t low enough (I usually try less than a dollar per wear) then I don’t buy it. It works with cheap clothes ($10 is too expensive for something that will shrink or fall apart the first time I wash it) and expensive clothes (I’ll gladly budget and buy a $500 winter jacket that will last me for years) Report
Good article Report
Really good article. I am working to stay within my budget, and to simplify my life Report
Good article & comments. Report
Great Article. Will read it through a couple more times. I am on a fixed income and have to budget all my income. Report
Great article and also the one on Voluntary Simplicity with a link at the end of this article.

Last year my brother and I and our families changed homes for 3 weeks. I was amazed at the simplicity of their lives. They have what they NEED and not an overabundance of things. Since then we have been paring back what we have. Good Will likes to see us coming. I'm glad that others can use what we don't. There isn't so many things for us to take care of now. Report
Good article, but many of us were raised this way and have maintained frugal spending habits all of our lives. Many families are facing financial trouble right now because of unemployment and underemployment caused be collusion between corrupt bankers and politicians. The cost of everything continues to rise yet wages do not. It is often not a case of foregoing a $400 handbag, but more like choosing between gas for the car or paying the electric bill. At some point the ends no longer meet. Report
When I see how old some of the comments on this article are, I'm so surprised I never read it before. It's a wonderful article, and even though I consider myself pretty responsible financially, I really enjoyed reading it. Thank you! Report
Thanx for that great article, I definetely can find myself in the article. Especially buying clothing that is on sale, while I'm reluctant to spend a few bucks to replace my broken shoes, because "I can't afford it" ;)

Two steps that actually helped me:
-leave the credit card at home, so that I'll be forced to put things on hold if they are expensive

-keeping a housekeeping book: And yes, I write down every single item I buy.It actually made me see how much I spent on clothes and eating-out. Shock at first but now it helps me to re-think BEFORE I buy things. Report
Interesting article, and sadly, most of it is simply common sense. We have become a culture of instant gratification and brand-name idolatry. It boggles my mind to see someone making little more than minimum wage sporting an $800 handbag or designer shoes. Very few people are willing to save up for something because it's too easy to reach for the credit card and worry about paying for it later on. Unfortunately, they don't realize how much extra they are paying for that item due to the compounding interest on the credit card balances.

My husband and I retired debt free 7 years ago, and built a brand new home that we paid cash for. We have 2 cars, one is 4 years old, one is 2 years old - both paid for. We have money in savings & IRAs. We travel when we want, and live on 2 pensions from work & his Social Security, which total about 25% of our previous combined salaries. We use credit cards, but pay off the balance every month.

We buy only when things are on sale, and we buy quality items, but we make sure we're really paying for the quality and not the brand name. We actually have a competition to see who can find the lowest prices for big-ticket items.

A friend of mine has the theory that if he can afford the down payment, he can afford the item. He has a big house with almost no furniture, a fancy car, and lives paycheck to paycheck, praying he won't be laid off from his job. I have several retired neighbors who have huge mortgages, new sportscars - along with the big car payments, and spend money like there's no tomorrow. I just don't get it, because I know they can only afford the minimum payments on their credit cards.

Sadly, schools don't teach financial responsibility and budgeting, and many people don't learn either from their parents, who are also struggling.

Good article for overspenders. But not for us, who already pinch our pennies hard. A trip through the drive through is less than $9 for our family of 5... $.99 menu or $1.99 happy meal day, split fries, and get water (our toddler doesn't eat much yet). But we try not to do it often because you definitely do pay a price with your health that's not worth it. There are discounted organics available from Publix and Walmart that do fit into the budget, though. Organic salad greens and carrots are suprisingly affordable and widely available (even at Publix now that Greenwise has them). Other produce is sometimes on special. And we don't worry about conventional produce like bananas and watermelon, because the peel/rind do afford some protection against pesticices. Report
Wow! Lots to think about! Report

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