Comments on: Three Principles Of Personal Finance http://www.howisavemoney.net/finances/principles-personal-finance/ Tips and tricks to save money, manage credit and reduce debt Fri, 10 Feb 2012 17:53:29 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Chris Dunn http://www.howisavemoney.net/finances/principles-personal-finance/#comment-17984 Chris Dunn Sat, 22 May 2010 16:45:57 +0000 http://www.HowISaveMoney.net/?p=1354#comment-17984 I think a lot of people are pretty good at making and saving money, but it's easy to forget about "the unexpected". After all, how do you plan for the unexpected?! It almost sounds like an oxymoron... Personally, I think about the most common things like: auto and home repairs, medical expenses, last minute travel, and misc business expenses. In addition to the "planned" unexpected events, I like to save about 2%-3% for an extra fund. Over the years I found that 2% is almost always used by something. It's nice knowing I have that extra cash to use if needed, and it takes away the negative psychological effects when something does come up. - Chris Dunn I think a lot of people are pretty good at making and saving money, but it’s easy to forget about “the unexpected”. After all, how do you plan for the unexpected?! It almost sounds like an oxymoron… Personally, I think about the most common things like: auto and home repairs, medical expenses, last minute travel, and misc business expenses.

In addition to the “planned” unexpected events, I like to save about 2%-3% for an extra fund. Over the years I found that 2% is almost always used by something. It’s nice knowing I have that extra cash to use if needed, and it takes away the negative psychological effects when something does come up.

- Chris Dunn

]]> By: Carnival of Money Stories #72: Back To School Edition — Broke Grad Student http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14570 Carnival of Money Stories #72: Back To School Edition — Broke Grad Student Tue, 12 Aug 2008 11:02:25 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14570 [...] Three Principles Of Personal Finance at How I Save Money.net. [...] [...] Three Principles Of Personal Finance at How I Save Money.net. [...]

]]> By: Carnival of Financial Learning #11 | Financial Learn http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14559 Carnival of Financial Learning #11 | Financial Learn Sun, 10 Aug 2008 18:31:03 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14559 [...] Money presents Three Principles Of Personal Finance posted at How I Save [...] [...] Money presents Three Principles Of Personal Finance posted at How I Save [...]

]]> By: Carnival of Money, Growth and Happiness #53 | Credit Card Lowdown http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14558 Carnival of Money, Growth and Happiness #53 | Credit Card Lowdown Sun, 10 Aug 2008 15:13:28 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14558 [...] Money presents Three Principles Of Personal Finance posted at How I Save [...] [...] Money presents Three Principles Of Personal Finance posted at How I Save [...]

]]> By: Finance Fiesta: Nachos Edition | Master Your Card http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14534 Finance Fiesta: Nachos Edition | Master Your Card Fri, 08 Aug 2008 10:48:54 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14534 [...] Money presents Three Principles Of Personal Finance posted at How I Save [...] [...] Money presents Three Principles Of Personal Finance posted at How I Save [...]

]]> By: LuLuGal http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14488 LuLuGal Wed, 30 Jul 2008 22:51:18 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14488 @ Michael: Right now I don't have money to put into the stock market but I am looking at it. I was looking at getting stock in Walmart since I always shop there..they might as well give me back some of my money right? :-) @ Michael:
Right now I don’t have money to put into the stock market but I am looking at it.

I was looking at getting stock in Walmart since I always shop there..they might as well give me back some of my money right? :-)

]]> By: Michael Pair http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14486 Michael Pair Wed, 30 Jul 2008 04:53:28 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14486 I totally agree with your second bullet point, make your money work for you. I believe that many people know a great deal about their particular profession to earn income, but know very little about putting their money to work for them. How are some of you putting your money to work? I recently put some of my money to work by purchasing some Apple stock a few day ago. I totally agree with your second bullet point, make your money work for you. I believe that many people know a great deal about their particular profession to earn income, but know very little about putting their money to work for them.

How are some of you putting your money to work? I recently put some of my money to work by purchasing some Apple stock a few day ago.

]]> By: Another Personal Finance Blog http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14479 Another Personal Finance Blog Tue, 29 Jul 2008 21:34:30 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14479 Tracking your spending is the only way to make sure you are spending less than you are making. I use www.buxfer.com for that. And if you have a way to automatically have money taken from your paycheck before you ever see it, that is the best way to be sure you are paying yourself first. Tracking your spending is the only way to make sure you are spending less than you are making. I use http://www.buxfer.com for that. And if you have a way to automatically have money taken from your paycheck before you ever see it, that is the best way to be sure you are paying yourself first.

]]> By: Canny Squirrel http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14476 Canny Squirrel Tue, 29 Jul 2008 21:20:53 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14476 It's all the small day to day things that you can do to save money. If you make small amendments to your life, you can still enjoy all the good things, but save money as you go along. Things like car sharing, w\tching out everytime you boil the kettle, checking your phone and electricity bills, etc etc. I have a few ideas on my blog Cheers Canny Squirrel It’s all the small day to day things that you can do to save money. If you make small amendments to your life, you can still enjoy all the good things, but save money as you go along.
Things like car sharing, w\tching out everytime you boil the kettle, checking your phone and electricity bills, etc etc.
I have a few ideas on my blog

Cheers

Canny Squirrel

]]> By: fathersez http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14475 fathersez Tue, 29 Jul 2008 12:37:13 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14475 The rules may seem simple and few. Discipline is the key. But if the school system were to start drumming these rules into our heads from day one, I am sure the whole world would be a far better place. And the Governments would make a killing in not having to provide for all the bailouts of the financially inept and providing for the financially strapped. But then which Government behaves rationally. Cheers The rules may seem simple and few.

Discipline is the key. But if the school system were to start drumming these rules into our heads from day one, I am sure the whole world would be a far better place.

And the Governments would make a killing in not having to provide for all the bailouts of the financially inept and providing for the financially strapped.

But then which Government behaves rationally.

Cheers

]]> By: LuLuGal http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14472 LuLuGal Tue, 29 Jul 2008 03:42:59 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14472 True Shawn..that is exactly what I was saying. Twiggers and Brad need to realize that it is not always possible to go out and earn more money. Easy to say but some people have restrictions. While it is the ideal to say go out and wait tables at night or something....what happens to those people who cannot do this because of visa restrictions? I am not saying it is not possible for any american citizen....but even then you might have citizens who have to take care of an elderly or sick relative who do not have the time to go out and work more. Or you have the foreign student who runs the risk of getting deported for working a second job....or the one who no one will employ because it is specifically written on the social security job that they are not eligible for work. What then? True Shawn..that is exactly what I was saying. Twiggers and Brad need to realize that it is not always possible to go out and earn more money.

Easy to say but some people have restrictions. While it is the ideal to say go out and wait tables at night or something….what happens to those people who cannot do this because of visa restrictions?

I am not saying it is not possible for any american citizen….but even then you might have citizens who have to take care of an elderly or sick relative who do not have the time to go out and work more.

Or you have the foreign student who runs the risk of getting deported for working a second job….or the one who no one will employ because it is specifically written on the social security job that they are not eligible for work.

What then?

]]> By: Shawn Knight http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14469 Shawn Knight Tue, 29 Jul 2008 02:59:13 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14469 It never ceases to amaze me how most people, no matter how much or little money they make, can find a way to STILL spend more than they earn. You have to live on less than you earn, simple as that :) To Twiggers and brad - I have to disagree. The problem with earning more money is that you are treating the symptom, not the problem. How much you actually make, past a certain point (low middle class living for example), really doesn't determine if you keep your head above water financially. I could make 1 mil but if I spend 1.1 mil, I am still a failure. It never ceases to amaze me how most people, no matter how much or little money they make, can find a way to STILL spend more than they earn. You have to live on less than you earn, simple as that :)

To Twiggers and brad – I have to disagree. The problem with earning more money is that you are treating the symptom, not the problem. How much you actually make, past a certain point (low middle class living for example), really doesn’t determine if you keep your head above water financially. I could make 1 mil but if I spend 1.1 mil, I am still a failure.

]]> By: LuLuGal http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14467 LuLuGal Mon, 28 Jul 2008 23:09:04 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14467 @ Brad: I actually found it easier to change spending habits than to earn more money. @ Brad:
I actually found it easier to change spending habits than to earn more money.

]]> By: brad http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14466 brad Mon, 28 Jul 2008 20:45:14 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14466 Twiggers is right, earning extra money is one of the best ways to changing your financial situation. That's not always easy though. There are some immediate things you can to do save like: driving less, eating out less, cutting off the cable, turning down/up the thermostat. Usually it's easier to earn extra money than it is to change spending habits, unless you're easily able to move. Twiggers is right, earning extra money is one of the best ways to changing your financial situation. That’s not always easy though. There are some immediate things you can to do save like: driving less, eating out less, cutting off the cable, turning down/up the thermostat. Usually it’s easier to earn extra money than it is to change spending habits, unless you’re easily able to move.

]]> By: Twiggers http://www.howisavemoney.net/finances/principles-personal-finance/#comment-14465 Twiggers Mon, 28 Jul 2008 12:52:14 +0000 http://www.HowISaveMoney.net/?p=1354#comment-14465 One other thing I think is very very important when paying off debt is that you also need to be bringing in some more money!!! One other thing I think is very very important when paying off debt is that you also need to be bringing in some more money!!!

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