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Entries Tagged as 'Savings'

To rent or to buy equipment

February 24th, 2010 · 6 Comments · Savings, Spending

I have been renting a hospital grade breast pump for a month now.  I like it a lot, it’s been awesome.  However my monthly rental is up and I am debating continuing, as it’s not cheap, about $75-90/month. I’m shopping around for the best price.
But it’s would only be $200-300 to purchase a breast pump [...]

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Making a judgement

February 12th, 2010 · 5 Comments · Savings, Spending

Recently Meg from World of Wealth wrote a post about her Section 8 Tenant driving a Mercedes.  We’re not talking about an old mercedes but a newer one.  She was surprised because the woman is on public assistance and if she had seen her and her two kids elsewhere, she would have assumed them to [...]

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Living below or within your means?

February 8th, 2010 · 3 Comments · Savings, budgeting

At savingsadvice, a forum I read, I read an interesting article explaining the difference between living below your means and living within your means.  The difference is that people who live within their means are able to meet all their monthly obligations.  But they are not necessarily saving for the future or for any unexpected [...]

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$10 to save retirement

January 25th, 2010 · 5 Comments · Retirement, Savings

Last month MP Dunleavy wrote an interesting article called “How $10 could save your retirement.”  Every dollar you save now will be worth $16 in 36 years, the approximate time you may be retiring.  So every dollar spent could be worth a lot!  According to the investment rule of 72 and assuming a high 8% [...]

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Liquid EF

December 22nd, 2009 · 3 Comments · Savings, budgeting

A couple of weeks ago I wrote about how large an EF you should have.  I said it depends on whose being supported by the EF.  If you have other cash savings like short term and long term cash savings.  If you have a two income or one income family.  All details that factor into [...]

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Monetary gifts for Kids

December 11th, 2009 · 11 Comments · Children, Savings

Here’s an interesting question, I am pretty sure some family members will be gifting us money upon the birth of our child.  Traditionally this happens.  My cousins got their money and used it for a home DP and new car after college.
I apparently didn’t have any, but more likely my mom had to cash in [...]

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Financial Savings Part II

December 3rd, 2009 · 7 Comments · Frugal, Savings

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Financial Savings

December 2nd, 2009 · 5 Comments · Frugal, Savings

I realized chatting with friends recently about saving money and how it’s been a really rough year financially for many people.  No raises, no bonuses, even furloughs for some has made money a lot tighter than normal.   So everyone has been belt-tightening through little and big savings.
It became apparent that I have two MAJOR financial [...]

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The emergency fund

November 12th, 2009 · 5 Comments · Savings

With the economy the way it is, is the 3-6 month Emergency Fund enough?  Is 3 months now the absolutely bottom of the barrel?  Or is it enough?  What factors are involved in deciding?
First off, I think a 3 month EF can be more than adequate for some people.  A single person with few expenses [...]

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Would you change your lifestyle if…

November 5th, 2009 · 10 Comments · Savings, Spending

What would you do if you were diagnosed with cancer and given 6 months to live? Would you change your lifestyle? An interesting question, posted on a message board. If you had stage 4 cancer and it was a reccurance from an earlier diagnosis would you change your spending and saving habits?
Would [...]

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