Good advice but I can't do it. I've been dirt poor before and won't mind being that way again. But while the money's coming in I like to enjoy. Not to say I'm not trying, the whole American dream thing makes it hard.
On 9/22/06, Gruss Gott wrote: > Here's a couple of good rules of thumb we use for saving: > > 1.) At a minimum, no matter your income, save at least 10%. > 2.) For duel income earners, live on one income and save the other. > 3.) When you get a pay rise, save it. You're already used to living > on your old pay. > 4.) Maintain 6 months of living expenses in cash. > 5.) Don't "save for college". Savings is savings. > 6.) Use a tool (e.g., financialengines.com ) to see what you'll make > at your current savings level when you retire. > 7.) Limit debt to house and car. > > Also we try to keep expenses down (no cable, etc), but we bake > frivolous spending into the budget. If you like to go out on Friday's > budget it in and make a trade-off else where. > > Just tossing that out there. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Introducing the Fusion Authority Quarterly Update. 80 pages of hard-hitting, up-to-date ColdFusion information by your peers, delivered to your door four times a year. http://www.fusionauthority.com/quarterly Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:215887 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
