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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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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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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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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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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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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Now I’m tempted to spend more on our home.  We decided to move foward with the heat pumps because our neighbors were telling me about their problems with pipes.  So as a preventative measure, it seemed like a wise decision.  Prevent pipes from freezing and bursting again in January (happened 3 years ago) when baby [...]

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Here’s an interesting question on a message board, how much income, or lifestyle makes one financially wealthy?  How do you determine if you are wealthy versus comfortable?  Is there a difference?
Most people said there is a definite difference between being wealthy and comfortable.
Many people can be comfortable no matter what their income if they learn [...]

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An interesting post about “How an iphone can make you rich.”  The author goes through logic that by getting an iphone he is more likely to grow his income.  He’s lost the mindset of earning income and instead hoarding it.
I think it’s an interesting concept.  Definitely worth considering.
But let me ask this?  How many iphone [...]

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