Comments on: What Would Happen if You Plan and Budget for All Spending http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Mon, 21 May 2012 14:22:13 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dominique http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-14157 Dominique Mon, 02 Mar 2009 11:26:36 +0000 http://moneyning.com/?p=2349#comment-14157 I think it is a great idea to. I am restraining myself to splurge on big items on impulse and factor in the possibility of getting the item ( Ie a 2nd car) with the running cost and reduced savings because of it and decided to wait till the prices were more favourable or when I reach my buffer range in savings first. I think it is a great idea to. I am restraining myself to splurge on big items on impulse and factor in the possibility of getting the item ( Ie a 2nd car) with the running cost and reduced savings because of it and decided to wait till the prices were more favourable or when I reach my buffer range in savings first.

]]> By: Meaghan http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-14026 Meaghan Wed, 25 Feb 2009 01:06:34 +0000 http://moneyning.com/?p=2349#comment-14026 I think this is a good idea. Right now I have just been working on tracking my spending in a spreadsheet to see where my money is going (clothes, groceries, gas, entertainment, etc...) Now that I have a general idea of what I spend, I like the idea of planning and budgeting ahead (and cutting that budget as time goes on to save more). I think this is a good idea. Right now I have just been working on tracking my spending in a spreadsheet to see where my money is going (clothes, groceries, gas, entertainment, etc…) Now that I have a general idea of what I spend, I like the idea of planning and budgeting ahead (and cutting that budget as time goes on to save more).

]]> By: Christina http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-14003 Christina Tue, 24 Feb 2009 06:03:15 +0000 http://moneyning.com/?p=2349#comment-14003 I like the idea. Any suggestions on practical implementation? Tracking, and such. I like the idea. Any suggestions on practical implementation? Tracking, and such.

]]> By: marci http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-14002 marci Tue, 24 Feb 2009 05:16:08 +0000 http://moneyning.com/?p=2349#comment-14002 Just because I have the money to buy something doesn't necessarily mean that I should just go ahead and buy it. Therefore, I put the item I 'want' on a list inside my kitchen cupboard, with a date on it. If in one year, I still 'want' the item, then I'll buy it. It makes me really think about whether this is something that I really want, or if it was just a passing fancy. And sometimes, the item shows up for next to nothing at a garage sale in that time, or appears as a handmedown from a friend or family member, or as a gift. Such as I wanted a fancy multi CD disc player for my new-to-me truck that only has a radio in it... Well, it showed up as a birthday gift from my parents when they found out I had put one on my list and was looking for one for later on in the year :) Thanks. Just because I have the money to buy something doesn’t necessarily mean that I should just go ahead and buy it. Therefore, I put the item I ‘want’ on a list inside my kitchen cupboard, with a date on it. If in one year, I still ‘want’ the item, then I’ll buy it. It makes me really think about whether this is something that I really want, or if it was just a passing fancy. And sometimes, the item shows up for next to nothing at a garage sale in that time, or appears as a handmedown from a friend or family member, or as a gift. Such as I wanted a fancy multi CD disc player for my new-to-me truck that only has a radio in it… Well, it showed up as a birthday gift from my parents when they found out I had put one on my list and was looking for one for later on in the year :) Thanks.

]]> By: UH2L http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-14001 UH2L Tue, 24 Feb 2009 01:43:06 +0000 http://moneyning.com/?p=2349#comment-14001 I'm flattered and glad that my comment inspired this post. I should clarify that because I'm a saver, I always have the money to buy most major purchases, so I technically don't have to wait to accumulate the funds, but I do monitor how much I've been spending recently and I make sure I haven't lowered my savings account balances too much. Also, using the credit card with the most recent closing date gives me more time to pay it off, and I get my purchased goods earlier while my money earns (minimal) interest. That's a tactic I learned from my dad. He had 5 or 6 credit cards and would use the appropriate one, never buying more than he could afford to pay off. Atul I’m flattered and glad that my comment inspired this post. I should clarify that because I’m a saver, I always have the money to buy most major purchases, so I technically don’t have to wait to accumulate the funds, but I do monitor how much I’ve been spending recently and I make sure I haven’t lowered my savings account balances too much.

Also, using the credit card with the most recent closing date gives me more time to pay it off, and I get my purchased goods earlier while my money earns (minimal) interest. That’s a tactic I learned from my dad. He had 5 or 6 credit cards and would use the appropriate one, never buying more than he could afford to pay off.

Atul

]]> By: Craig http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-13990 Craig Mon, 23 Feb 2009 20:45:54 +0000 http://moneyning.com/?p=2349#comment-13990 I try to do this for a degree with some items, helps keep spending discipline for myself and prevents me from buying too much at once. Some items I do the reverse. For example, concert tix I need to buy right away or else they will sell out. I know they are expensive so might have a low key night or two after I buy them to make up for the money spent. I try to do this for a degree with some items, helps keep spending discipline for myself and prevents me from buying too much at once. Some items I do the reverse. For example, concert tix I need to buy right away or else they will sell out. I know they are expensive so might have a low key night or two after I buy them to make up for the money spent.

]]> By: melixine http://moneyning.com/budgeting/what-would-happen-if-you-plan-and-budget-for-all-spending/comment-page-1/#comment-13988 melixine Mon, 23 Feb 2009 19:01:21 +0000 http://moneyning.com/?p=2349#comment-13988 I have been wanting the Wii Fit game for some time now. But as most things beyond my budget I ask myself where is the money coming from before the purchase and plan accordingly. I price comparison shop during this time and figure out the best way to maximize the purchase (ebates, coupon/discount/in store/online?) At the start of the year I created an ING Coupons/Rebates account and said when I hit the $90 mark I would go for it. Well, I hit $84 this weekend (using coupons/rebates/Ebates since 1/1/09) and things have changed. This is not the first time this has happened but waiting for something really makes you reeavalute. Now that it's within viewing distance, thoughts have changed. Know I want to know to just how much can I save in 1 year. I'm an avid user of coupons, etc but never quantified the savings. This will be fun. More fun than the game. Now the question I'm struggling with is what to do with the money at the end of the year. I'm thinking a blow out grocery shopping/restocking in January 2010. This will be a nice way to reducing the food bill for at least 3 months and help to stock for the colder months when everyone is home and no one wants to go out. Combine that with my crock pot and I see a nice winter ahead (as soon as we finish this one). I have been wanting the Wii Fit game for some time now. But as most things beyond my budget I ask myself where is the money coming from before the purchase and plan accordingly. I price comparison shop during this time and figure out the best way to maximize the purchase (ebates, coupon/discount/in store/online?) At the start of the year I created an ING Coupons/Rebates account and said when I hit the $90 mark I would go for it. Well, I hit $84 this weekend (using coupons/rebates/Ebates since 1/1/09) and things have changed.

This is not the first time this has happened but waiting for something really makes you reeavalute. Now that it’s within viewing distance, thoughts have changed.

Know I want to know to just how much can I save in 1 year. I’m an avid user of coupons, etc but never quantified the savings. This will be fun. More fun than the game. Now the question I’m struggling with is what to do with the money at the end of the year. I’m thinking a blow out grocery shopping/restocking in January 2010. This will be a nice way to reducing the food bill for at least 3 months and help to stock for the colder months when everyone is home and no one wants to go out. Combine that with my crock pot and I see a nice winter ahead (as soon as we finish this one).

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