Comments on: How I Make Tough Money Decisions http://moneysmartlife.com/how-i-make-tough-money-decisions/ Money Tips for a Better Life Sat, 21 Nov 2009 07:43:50 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: thehungrydollar.com http://moneysmartlife.com/how-i-make-tough-money-decisions/comment-page-1/#comment-68822 thehungrydollar.com Tue, 04 Mar 2008 05:18:50 +0000 http://moneysmartlife.com/how-i-make-tough-money-decisions/#comment-68822 Having a spending plan like yours is key. There is a lot of controversy about how it should be created, but the bottom line is any plan is better than no plan. I also use Quicken which is the best investment I ever made. Their also coming out with Quicken Online. Sounds interesting... Having a spending plan like yours is key. There is a lot of controversy about how it should be created, but the bottom line is any plan is better than no plan. I also use Quicken which is the best investment I ever made. Their also coming out with Quicken Online. Sounds interesting…

]]> By: No Debt Plan http://moneysmartlife.com/how-i-make-tough-money-decisions/comment-page-1/#comment-68814 No Debt Plan Tue, 04 Mar 2008 01:55:42 +0000 http://moneysmartlife.com/how-i-make-tough-money-decisions/#comment-68814 We are lucky enough to not have to choose whether to pay the mortgage first or buy groceries. Our problem comes down to what to do with the extra at the end of the month. Do we continue building up a healthy emergency fund? Do we invest in the shaky markets? Or do we pay down our mortgage... in the end, doing something is better than nothing so we're doing a little bit of both. We are lucky enough to not have to choose whether to pay the mortgage first or buy groceries. Our problem comes down to what to do with the extra at the end of the month. Do we continue building up a healthy emergency fund? Do we invest in the shaky markets? Or do we pay down our mortgage… in the end, doing something is better than nothing so we’re doing a little bit of both.

]]> By: bill http://moneysmartlife.com/how-i-make-tough-money-decisions/comment-page-1/#comment-68807 bill Mon, 03 Mar 2008 22:50:04 +0000 http://moneysmartlife.com/how-i-make-tough-money-decisions/#comment-68807 I would hope that clipping coupons is a part of your routine. You can really cut you food expense that way. I would hope that clipping coupons is a part of your routine. You can really cut you food expense that way.

]]> By: Mr. Debtbeater http://moneysmartlife.com/how-i-make-tough-money-decisions/comment-page-1/#comment-68724 Mr. Debtbeater Mon, 03 Mar 2008 13:56:30 +0000 http://moneysmartlife.com/how-i-make-tough-money-decisions/#comment-68724 I'd say I've got the same lineup as you do, with the exception that I'm going to put food before debts. Now with a family of 8, that's a pretty big chunk of money. (about $800/mo) If we really had to squeeze we could get by with about $400-500 for a month or so, but that's only if we absolutely have to. So I guess we kinda do it like this: 1. Mortgage/utilities 2. Gas/cars 3. Food ($500 worth) 4. Debts 5. Food part 2 ($300) 6. Extras/important wants 7. Debts (whatever's left) I’d say I’ve got the same lineup as you do, with the exception that I’m going to put food before debts. Now with a family of 8, that’s a pretty big chunk of money. (about $800/mo) If we really had to squeeze we could get by with about $400-500 for a month or so, but that’s only if we absolutely have to.

So I guess we kinda do it like this:
1. Mortgage/utilities
2. Gas/cars
3. Food ($500 worth)
4. Debts
5. Food part 2 ($300)
6. Extras/important wants
7. Debts (whatever’s left)

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