By: far out
Here’s someone who is happy to have tenants pay her monthly $1,600 mortgage but who mocked me for wanting to own a 400-sq ft home so that I could build wealth instead of paying rent and making someone...
View ArticleBy: chicago
Needing new tires shouldn’t be a huge suprise, tires wear out, it should be something you plan for just like you do with other “big” expenses, so when it happens it’s just a minor annoyance and not a...
View ArticleBy: savvy
Great post. I do pretty much the same thing. I find that creating ‘articial scarcity’ keeps me on the right path and keeps my spending in check. Sure I work hard and ‘deserve’ nice stuff but I’d rather...
View ArticleBy: Brian
The author doesn’t give a lot of detail really, but new tires should not be an “out of the ordinary” expense. Vehicles require maintenance, it should be a budgeted expense. I realize not everyone...
View ArticleBy: Single Ma
@ far out – Or is it minimum wage? Whatever name you choose to go by today. LOL I simply asked “did he really say 400 sq ft?” I don’t consider that mocking at all. There’s nothing “wrong” with owning a...
View ArticleBy: Single Ma
@ brian – To me, “out of the ordinary” is ANY non-recurring expense that I don’t have to pay every month. Cutting back on non-necessities to cover those expenses is a sufficient financial plan that...
View ArticleBy: Adfecto
Wow. This post speaks directly to how I live. I bring home 62% of my pay rather than 45% as this author does, but it works out exactly the same in the end. I had a bad habit for a while of whipping out...
View ArticleBy: Brian
Single Ma – This is your quote: “So if something out of the ordinary happens, such this month when I need new tires, I find myself strapped for cash—or dare I say BROKE—before the month is over.”...
View ArticleBy: The CardMaster
I must admit, there is something quite exhilarating about living paycheck to paycheck, but it’s certainly not for everyone. You mentioned that a ‘big chunk’ goes to employer benefits – could you be a...
View ArticleBy: Single Ma
@ Adfecto – You’re right! When the debt is gone, throwing large sums at your savings or investment acct is great feeling! @ Brian – Yes, I think it’s a matter of semantics. Based on the amount of...
View ArticleBy: ~Dawn
Single Ma~ I liked your post… forcing yourself to live on less now so that you have more later is inspirational To each their own when it comes to budgeting, I say.
View ArticleBy: nofearingthemoney
I often live exactly like this. Frankly, because so much of my financial life is automated, (investments, savings, certain payments, etc.), it is not unusal for me to have less than $100 cash to get me...
View ArticleBy: SJean
Great single ma! I am creating my own new budget right now, and am trying to eliminate the “cushion” in it so I force myself to live on less. :) This is reassurance that I”m not the only one who wants...
View ArticleBy: Future Millionaire
I’m with you there Single Ma on living artificially paycheck to paycheck. By choice I only take home about 43% of my income and force myself to live on that. But I do “pay a bill” each month which is...
View ArticleBy: Bleesed Mom 2 Sweet Boys
I am a faithful reader of Single Ma’s and I found this to be another great article, FABULOUS as always Single Ma! Although this seems to be a interesting read here at Consumerism Commentary it is...
View ArticleBy: Newy
Great Post! I am forcing myself into that mentality as well. I want to eliminate all non-mortgage debt by December 2009 and I am well on my way by living paycheck – to -Paycheck on purpose.
View ArticleBy: far out
Brian - It depends a LOT on your state laws and the speed of your court system. Where I live, an eviction can usually be completed in about a month from the time of a missed payment. On the 5th day...
View ArticleBy: far out
p.s in my state, landlords can serve notices by ordinary first class mail, so you don’t need a process server or a filing fee or anything. the only thing that costs money is filing for eviction.
View ArticleBy: far out
Single Ma - I tried to post that in Firefox as MW and instead of posting, I got redirected to Google. (WTF?) So I thought maybe MW was being filtered out (why else would it redirect?), and I tried...
View ArticleBy: gina72100
Wow! whats with the hateration? I personally loved this post and it has me looking at my budget differently. I need to start tracking what percentage of my income is actually spent on what.
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