Saving Money, Tips and Tricks.

[Kruel J]

That's not going to solve the cash flow issues and savings

OP doesn't need a hooker. He's already screwed himself.

 

[CountryGent]

I prefer the sense of stability and lack of stress that comes with having money in the bank, so I adjusted my financial priorities many years ago...

This is an important point. I don't know that one can really put a price on peace of mind. Having one's financial life in order (regular needs, for life's many shocks, and for retirement years) is a big piece of that puzzle.

 

[Kruel J]

This is an important point. I don't know that one can really put a price on peace of mind. Having one's financial life in order (regular needs, for life's many shocks, and for retirement years) is a big piece of that puzzle.

If one doesn't have their financial life in order or at least know how to use discipline and save money by their mid fifties its a lost cause.

 

[arakboss]

Self-discipline is like a muscle; the more you work it, the stronger it becomes. If neglected it will atrophy. Choose which one you wish to have.


Well said.

Having my impulse spending muscles atrophy, would probably be a good thing.

 

[arakboss]

If one doesn't have their financial life in order or at least know how to use discipline and save money by their mid fifties its a lost cause.

We can always count on you to bring the positivity to the party.

 

[Kruel J]

We can always count on you to bring the positivity to the party.

I've never been much into echo chambers.

 

[CountryGent]

Having my impulse spending muscles atrophy, would probably be a good thing.

The power is completely in your hands. Exchange bad habits for good. It takes effort and planning, but it is well worth it.

Parenthetically, if you are looking for an investment company, I can't say enough good about The Vanguard Group. Cheers.

 

[johnny bob]

x

 

[Certaindeaf]

I am mostly looking for examples of what other's have done or are doing to save money.

Only buy necessities, not gewgaws and pennywhistles that you might be able to make a dollar on.. if the planets align, the market allows, it doesn't burn, you don't die, etc etc.

 

[MTpockets]

Only buy necessities, not gewgaws and pennywhistles that you might be able to make a dollar on.. if the planets align, the market allows, it doesn't burn, you don't die, etc etc.

Back in'em oldern days… we usstah says… A pennywhistled was a penny blown.

 

[Kruel J]

Back in'em oldern days men used to take care of their families and not seek financial advice from strangers on the internet.

 

[CamoDeafie]

Back in'em oldern days men used to take care of their families and not seek financial advice from strangers on the internet.

Some would consult their bankers. Others would consult accountants if they hired them, and a few others likely consulted the pyschics/fortune tellers

Edit.
So

Much the same, swap pyschics/fortune tellers for internet

 

[Nosferatu]

If one doesn't have their financial life in order or at least know how to use discipline and save money by their mid fifties its a lost cause.

I brought that up in one of the other self-help threads by the OP. It doesn't seem to be sinking in.

Luckily he blocked me, so I only get to see the initial vomit and not the subsequent dry heaves.

 

[Kruel J]

I brought that up in one of the other self-help threads by the OP. It doesn't seem to be sinking in.

Luckily he blocked me, so I only get to see the initial vomit and not the subsequent dry heaves.

I've said for years that the block feature should be removed from NWFA. We're already the tamest gun forum on the web so no reason to coddle even more feelings. Just my opinion.

 

[oremike]

Some would consult their bankers. Others would consult accountants if they hired them, and a few others likely consulted the pyschics/fortune tellers

Edit.
So

Much the same, swap pyschics/fortune tellers for internet

Or from the guy on the bar stool next to him.

 

[MTpockets]

Well, I guess naht ever'buddy learned dem lesserns frum dem oldern days.

I 'member 6 dem Pepsi bottle caps cud gitcha inta tha'thar Saturday Matinee. If'n warshed all dem loggen trucks on Friday nite, ya mite find 'nuf caps fer taken in a movin' pitch'r show come Saturday aft'noon time. If'n ya sweep tha driver's seat, ya mite scare up 'nuff Choke-n-gaggin' Snoose droppin's fer a pinch to n'joy durin' tha show.

Think I am busy tomorrow…so you all will be safe from this stuff then….

 

[tbs1684]

I used to buy guns every month and live paycheck to paycheck. I started saving after realizing I'd be screwed if I got laid off from my job and couldn't get another. I started reading lots of topics on the personalfinance subreddit: https://www.reddit.com/r/personalfinance/wiki/commontopics/

I also read The Psychology of Money, which changed how I view money.

On a more practical note, while starting, I calculated my average monthly expenses (and kept a budget while I was at it) and had the remainder of my paycheck deposited at another financial institution. If you don't see it, it's a lot harder to spend!

 

[joshkk]

About 1/3 of my income comes right off the top of my paycheck for taxes, deductions, retirement account contributions..... The best financial lesson I've learned, based on that math is "For every dollar you don't spend, it's a dollar-fifty you don't have to earn." If something costs $10, that really means I had to work $15 to pay for it. If something costs $100, that really means I had to work $150 to pay for it. If something costs $10K, that really means I had to work $15K to pay for it.

That lesson really helps you be more frugal in day to day spending and also helps put the value of "DIY" into greater perspective. If an auto mechanic is going to charge me $500, that's really $750 that I had to earn on the clock to pay for that repair. If the part is only $150 and I can do the labor myself, that's really like saving $525 of earned income, not the face value $350. I was quoted $1,000/cubic yard of soil that needed to be dug out of my crawlspace. I spent ten days on my belly digging out ~20 yards of soil. That's like not having to earn $30K, not just saving the face value of $20K.

 

[albin25]

When buying food, buy ingredients, not readymade, pre-packaged, processed junk.
Learn how to cook most anything at home (from apple pie to zucchini bread)
Analyse your waste habits, you'll be shocked how much of their food dollar an average consumer throws out due to over buying, and fear of leftovers!

Our 2 person household puts out 2 tiny, half full grocery bag size trash bags of kitchen waste, and it also takes 6 weeks for our recycling bin to have enough in it to even bother putting it out for pickup.
In contrast…
The single woman next-door is always asking if we have any room in our bins cuz hers are both overflowing.

As far as other discretionary-non-survival-critical-keep-the-lights-on-roof-over-yer-head-spending goes…
… just stop it! Try being a grownup and do without new toys for a while.
Oh.and…
While you're at it, you may want to consider how the people you hang out with may affect how you waste your $$. Spending to impress/keep up with the "Kardashyfriends" can put/keep you permanently in the Poorhouse.

 

[arakboss]

About 1/3 of my income comes right off the top of my paycheck for taxes, deductions, retirement account contributions..... The best financial lesson I've learned, based on that math is "For every dollar you don't spend, it's a dollar-fifty you don't have to earn." If something costs $10, that really means I had to work $15 to pay for it. If something costs $100, that really means I had to work $150 to pay for it. If something costs $10K, that really means I had to work $15K to pay for it.

That lesson really helps you be more frugal in day to day spending and also helps put the value of "DIY" into greater perspective. If an auto mechanic is going to charge me $500, that's really $750 that I had to earn on the clock to pay for that repair. If the part is only $150 and I can do the labor myself, that's really like saving $525 of earned income, not the face value $350. I was quoted $1,000/cubic yard of soil that needed to be dug out of my crawlspace. I spent ten days on my belly digging out ~20 yards of soil. That's like not having to earn $30K, not just saving the face value of $20K.

"The best financial lesson I've learned, based on that math is "For every dollar you don't spend, it's a dollar-fifty you don't have to earn." If something costs $10, that really means I had to work $15 to pay for it. If something costs $100, that really means I had to work $150 to pay for it. If something costs $10K, that really means I had to work $15K to pay for it."


This is something I think about a lot. Thanks for bringing it up.