Comments on: Back to Basics: Spend less than you earn http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: David http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-186045 David Fri, 31 Jul 2009 08:37:55 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-186045 Hi I think it is just a matter of plain economics. You cannot outlay per month more than you have coming in per month. If you do it is a one way street to bankruptcy. You must make some savings somewhere. David Hi
I think it is just a matter of plain economics.
You cannot outlay per month more than you have coming in per month.
If you do it is a one way street to bankruptcy.
You must make some savings somewhere.

David

]]> By: CheapBastid http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-162290 CheapBastid Fri, 21 Nov 2008 22:59:53 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-162290 I've done much to cut my spending and am now working on increasing my income. Thing is though, any additional money needs to be put toward reducing your debt. Make some headway on your debt by paying yourself first. I’ve done much to cut my spending and am now working on increasing my income. Thing is though, any additional money needs to be put toward reducing your debt. Make some headway on your debt by paying yourself first.

]]> By: Craig http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155427 Craig Tue, 07 Oct 2008 16:44:28 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155427 I agree, simple but necessary. For some reason that is a concept a lot of people don't quite understand. You can't spend what you don't make, and what you do make, is not the full amount because of taxes. People need to realize what they actually make before spending. I agree, simple but necessary. For some reason that is a concept a lot of people don’t quite understand. You can’t spend what you don’t make, and what you do make, is not the full amount because of taxes. People need to realize what they actually make before spending.

]]> By: Squawkfox http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155357 Squawkfox Tue, 07 Oct 2008 03:11:10 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155357 @disgruntled I can sympathize with the student loan debt. I had about 17K in student loans several years ago. I did manage to pay them off. I lived quite frugally to pay the debt down, and I continue along this path today. It's not fun, but it can be paid off. :) @disgruntled I can sympathize with the student loan debt. I had about 17K in student loans several years ago. I did manage to pay them off. I lived quite frugally to pay the debt down, and I continue along this path today. It’s not fun, but it can be paid off. :)

]]> By: disgruntled http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155293 disgruntled Mon, 06 Oct 2008 10:48:24 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155293 I'm trying without success to increase income. And bankruptcy isn't on the horizon, just a bleak indefinite existence of living in a 12 x 12 room, being barely able to pay bills, but never getting ahead. (Indeed, since I have only student loan debt, bankruptcy wouldn't even help.) p.s. The only year-end "bonuses" I have received have consisted of Christmas food gifts (e.g. fruit basket, cheap box of chocolates). I’m trying without success to increase income. And bankruptcy isn’t on the horizon, just a bleak indefinite existence of living in a 12 x 12 room, being barely able to pay bills, but never getting ahead. (Indeed, since I have only student loan debt, bankruptcy wouldn’t even help.)

p.s. The only year-end “bonuses” I have received have consisted of Christmas food gifts (e.g. fruit basket, cheap box of chocolates).

]]> By: mbhunter http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155241 mbhunter Mon, 06 Oct 2008 01:57:08 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155241 Disgruntled: If expenses aren't reducible what about increasing income? The imbalance must be fixed or bankruptcy is on the horizon. Andy: It always seems a bit strange (to me anyway) that I can write about these things and still have areas to work on. TML: Right. That can be a major buzz kill. ;) Disgruntled: If expenses aren’t reducible what about increasing income? The imbalance must be fixed or bankruptcy is on the horizon.

Andy: It always seems a bit strange (to me anyway) that I can write about these things and still have areas to work on.

TML: Right. That can be a major buzz kill. ;)

]]> By: ToughMoneyLove http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155148 ToughMoneyLove Sun, 05 Oct 2008 13:28:13 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155148 Good post. I would add that this is the time of year where folks have a tendency to spend year end bonuses that they anticipate receiving, well before the bonus is received. This should not be done because it requires the use of credit and it sometimes lead to a disappointment when the expected bonus does not arrive. Good post. I would add that this is the time of year where folks have a tendency to spend year end bonuses that they anticipate receiving, well before the bonus is received. This should not be done because it requires the use of credit and it sometimes lead to a disappointment when the expected bonus does not arrive.

]]> By: Andy @ Retire at 40 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155136 Andy @ Retire at 40 Sun, 05 Oct 2008 11:33:01 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155136 Sage advice as always. As you say, it's back to basics and there really isn't anything more basic than that. A lot of people I have spoken to about this has said "makes sense" yet at the same time, I know they're not practicing it since they keep on moaning about the amount of money sitting on their credit card! That, to me, doesn't make sense. Sometimes I point this out, sometimes I don't. Sage advice as always. As you say, it’s back to basics and there really isn’t anything more basic than that.

A lot of people I have spoken to about this has said “makes sense” yet at the same time, I know they’re not practicing it since they keep on moaning about the amount of money sitting on their credit card!

That, to me, doesn’t make sense. Sometimes I point this out, sometimes I don’t.

]]> By: disgruntled http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/comment-page-1/#comment-155116 disgruntled Sun, 05 Oct 2008 07:36:50 +0000 http://www.mightybargainhunter.com/2008/10/05/back-to-basics-spend-less-than-you-earn/#comment-155116 What if you're living on fumes and your expenses are not reducible? What if you’re living on fumes and your expenses are not reducible?

]]>