Comments on: How to Develop the Habit of Spending Less Than You Make http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/ Money Management and Personal Finance | The Dough Roller Mon, 13 Feb 2012 05:44:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: debtbuster http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-20112 debtbuster Mon, 31 May 2010 05:00:21 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-20112 I love the tips you have given. I particularly struggle with the needs vs wants debates. It is so easy to persuade myself that wants are needs. Sounds easy to do but when you add in sales and credit cards. Bad mixture. I like wealthy_1's idea. If you can live without it for a day or say a week. You probably don't have to have it. I love the tips you have given. I particularly struggle with the needs vs wants debates. It is so easy to persuade myself that wants are needs. Sounds easy to do but when you add in sales and credit cards. Bad mixture. I like wealthy_1′s idea. If you can live without it for a day or say a week. You probably don’t have to have it.

]]> By: Jan http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-2968 Jan Sat, 24 Nov 2007 17:04:18 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-2968 $900 a month is not a lot of money in today's society--why do you earn so little? Unless you're a student (or disabled), you should really be earning more. Spending less than you make is not only about spending less, but also making more than you spend. If that means you need to get more education or work more than 40 hours a week, then that's what it takes--"There ain't no such thing as a free lunch." $900 a month is not a lot of money in today’s society–why do you earn so little? Unless you’re a student (or disabled), you should really be earning more. Spending less than you make is not only about spending less, but also making more than you spend. If that means you need to get more education or work more than 40 hours a week, then that’s what it takes–”There ain’t no such thing as a free lunch.”

]]> By: Minimum Wage http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-2202 Minimum Wage Sat, 10 Nov 2007 18:55:21 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-2202 My monthly (net) income is a little less than $900, I have student loan debt plus debt resulting from an extended uninsured illness and hospitalization, and I'm paying (below market) more than half my income on rent, plus I have an aggressive creditor who wants $250 a month. I've been selling off a smal;l coin collection to keep the creditor happy but now I'm out of coins. Dunno how to spend less than I earn given the above constraints. My monthly (net) income is a little less than $900, I have student loan debt plus debt resulting from an extended uninsured illness and hospitalization, and I’m paying (below market) more than half my income on rent, plus I have an aggressive creditor who wants $250 a month. I’ve been selling off a smal;l coin collection to keep the creditor happy but now I’m out of coins.

Dunno how to spend less than I earn given the above constraints.

]]> By: wealthy_1 http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1923 wealthy_1 Tue, 06 Nov 2007 19:39:50 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1923 One of the things I try to do now before I make a purchase is sleep on it. I give myself at least 24 hours to think about and to evaluate whether it is a need or a want. One of the things I try to do now before I make a purchase is sleep on it. I give myself at least 24 hours to think about and to evaluate whether it is a need or a want.

]]> By: Frank http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1920 Frank Tue, 06 Nov 2007 19:06:39 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1920 Nice post. I've recently learned to spend less than I earn, but the problem I am finding now is that I still spend too much. I need to create a bigger gap between spending and earning and that is where it is really getting tough for me. Nice post. I’ve recently learned to spend less than I earn, but the problem I am finding now is that I still spend too much. I need to create a bigger gap between spending and earning and that is where it is really getting tough for me.

]]> By: FourPillars http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1693 FourPillars Sat, 03 Nov 2007 02:51:34 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1693 Great post - I wish we could cut a few things from our lives but it's tough to do sometimes. Mike Great post – I wish we could cut a few things from our lives but it’s tough to do sometimes.

Mike

]]> By: Damn TVs http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1688 Damn TVs Fri, 02 Nov 2007 21:36:03 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1688 Great post!

I went from being the worst student in my school at the age of 12, to graduating with over a 4.0 in high school.

The transformation began one day when my TV broke and I had nothing better to do than look at the pictures in my history book. Well, after looking at all the pictures, I started reading the stories that went along with them. To my surprise, the next day I knew all the answers to my teacher’s questions. My teacher was blown away by my 180 degree change. Seeing that I could be a top performer opened my true potential. Mind numbing TV is worthless (except for a few educational programs).

I live in the US, but was once told that German’s call TVs “the stupid box.” I think they are on to something here.

]]> By: Pinyo http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1677 Pinyo Fri, 02 Nov 2007 18:02:36 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1677 Great post. Although I wouldn't word it as "fight with your spouse" since I'll never win. I like to say "negotiate a diplomatic compromise." Great post. Although I wouldn’t word it as “fight with your spouse” since I’ll never win. I like to say “negotiate a diplomatic compromise.”

]]> By: The Dog http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1663 The Dog Fri, 02 Nov 2007 14:45:23 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1663 Distinguishing between wants and needs is easy. Why it is so hard for Americans to understand the difference is unfathomable. There are only three true needs...Food, Shelter, and clothing. Everything else is a want. Without using credit and pre-paying for everything with cash, everybody can spend less than they make. It's that simple. It's not really rocket science. And it's not like learning to live within your means and develop the "habit of spending less" is in the same league as quitting a heroin habit cold-turkey. Distinguishing between wants and needs is easy. Why it is so hard for Americans to understand the difference is unfathomable.

There are only three true needs…Food, Shelter, and clothing.

Everything else is a want.

Without using credit and pre-paying for everything with cash, everybody can spend less than they make. It’s that simple.

It’s not really rocket science. And it’s not like learning to live within your means and develop the “habit of spending less” is in the same league as quitting a heroin habit cold-turkey.

]]> By: Chief Family Officer http://www.doughroller.net/smart-spending/how-to-develop-the-habit-of-spending-less-than-you-make/comment-page-1/#comment-1653 Chief Family Officer Fri, 02 Nov 2007 12:31:00 +0000 http://www.doughroller.net/2007/11/02/how-to-develop-the-habit-of-spending-less-than-you-make/#comment-1653 I really like the points you make. It's so true that no matter how much you earn, you always wish for a little bit more! I think my biggest tip in this regard is that your mortgage or rent payment should be relatively small - for example, my husband and I bought our house right after we were married, but we've both gotten quite a few raises since. We're not talking about moving, though, instead directing our additional income towards savings and paying off my student loans. I really like the points you make. It’s so true that no matter how much you earn, you always wish for a little bit more! I think my biggest tip in this regard is that your mortgage or rent payment should be relatively small – for example, my husband and I bought our house right after we were married, but we’ve both gotten quite a few raises since. We’re not talking about moving, though, instead directing our additional income towards savings and paying off my student loans.

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