Comments on: Making the Decision to Improve Our Standard of Living by Spending More http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: uosugn http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-16251 uosugn Fri, 29 May 2009 14:39:26 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-16251 Ln2Rtg <a href="http://sbztzzgisece.com/" rel="nofollow">sbztzzgisece</a>, [url=http://arofloxrmjcs.com/]arofloxrmjcs[/url], [link=http://urouvncfkhya.com/]urouvncfkhya[/link], http://bzbjdzczrbfi.com/ Ln2Rtg sbztzzgisece, [url=http://arofloxrmjcs.com/]arofloxrmjcs[/url], [link=http://urouvncfkhya.com/]urouvncfkhya[/link], http://bzbjdzczrbfi.com/

]]> By: Betty Ann http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3787 Betty Ann Wed, 26 Dec 2007 05:48:22 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3787 I say: "Run".. you can make more $$$$ when you are at Peace and you can find ways to be FRUGAL to make up for some of the higher rent. I speak from past experience. I say: “Run”.. you can make more $$$$ when you are at Peace and you can find ways to be FRUGAL to make up for some of the higher rent.

I speak from past experience.

]]> By: Peter Bielagus http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3763 Peter Bielagus Mon, 24 Dec 2007 15:21:35 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3763 Hmmmm...this is a tough one. Money isn't everything but $813 is a lot. My advice would be to think about if you spend another $813 on the new apartment where are you going to cut back? On vacations? Dinner's out? Sometimes being house poor can be just as bad as living in a poor house. But if you truly feel its necessary as a financial advisor for young people I'd say do it. Just try to cut back as much as you can in other areas. I can offer one glint of hope. I'm not sure why you said in your old apartment you didn't need renter's insurance, but I think that should have been a cost in the old apartment as well. In other words, that is actually not a cost increase its the same. Renter's BTW protects your stuff even when it is OUTSIDE of you apartment. A friend of mine had Christmas presents stolen out of his car (wrapped and everything). He didn't bother with renters insurance so he really took a hit on that one. Renter's would have covered that (car insurance would not) Be sure to shop around for it. Try www.youcovered.com. (You can get a quote without giving any personal information.) I hope it works out and happy holidays Peter Hmmmm…this is a tough one. Money isn’t everything but $813 is a lot. My advice would be to think about if you spend another $813 on the new apartment where are you going to cut back? On vacations? Dinner’s out? Sometimes being house poor can be just as bad as living in a poor house. But if you truly feel its necessary as a financial advisor for young people I’d say do it. Just try to cut back as much as you can in other areas.

I can offer one glint of hope. I’m not sure why you said in your old apartment you didn’t need renter’s insurance, but I think that should have been a cost in the old apartment as well. In other words, that is actually not a cost increase its the same.

Renter’s BTW protects your stuff even when it is OUTSIDE of you apartment. A friend of mine had Christmas presents stolen out of his car (wrapped and everything). He didn’t bother with renters insurance so he really took a hit on that one. Renter’s would have covered that (car insurance would not) Be sure to shop around for it. Try http://www.youcovered.com. (You can get a quote without giving any personal information.)

I hope it works out and happy holidays

Peter

]]> By: Double Journey http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3694 Double Journey Thu, 20 Dec 2007 04:50:34 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3694 Tripling your income is not as hard as it sounds if you plan early and right. I from a very young age knew I wanted to be successful, so I did the right things like studying hard and getting into the right school. I've been fortunate that my career of choice is both interesting to me and lucrative but I planned it that way. That's actually one of the goals of my site, is to give people insight to my story and show people how to grow your career quickly. Tripling your income is not as hard as it sounds if you plan early and right.

I from a very young age knew I wanted to be successful, so I did the right things like studying hard and getting into the right school. I’ve been fortunate that my career of choice is both interesting to me and lucrative but I planned it that way.

That’s actually one of the goals of my site, is to give people insight to my story and show people how to grow your career quickly.

]]> By: B http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3693 B Thu, 20 Dec 2007 03:53:08 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3693 As time goes on, our living lifestyle will change. Increasing monthly expense doesn't necessary means you have to change the way that you live. Like cutting back on other expenses. I would use this as a motivator to make myself work harder to satisfy my needs, and make more money. We need to have a bigger vision. For myself. I got myself a new car. Before I don't think I can afford the monthly payment, nor i don't think there is a need for a new car. But if you don't believe yourself, you will maintain in the same lifestyle. Is that what you want? We have to look @ a bigger picture. As time goes on, our living lifestyle will change.
Increasing monthly expense doesn’t necessary means you have to change the way that you live. Like cutting back on other expenses. I would use this as a motivator to make myself work harder to satisfy my needs, and make more money. We need to have a bigger vision. For myself. I got myself a new car. Before I don’t think I can afford the monthly payment, nor i don’t think there is a need for a new car. But if you don’t believe yourself, you will maintain in the same lifestyle. Is that what you want? We have to look @ a bigger picture.

]]> By: lindsey marcus http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3688 lindsey marcus Wed, 19 Dec 2007 17:51:23 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3688 I think many of us can appreciate the situation you are in. I do believe in finding ways to be frugal on a daily basis, but the reason we do that is so that we can spend a bit more elsewhere if need be. I believe this is one of those times. It sounds as if a new start is needed for your new start with Emma, because you should not feel uncomfortable in your current home. Your home should be a safe, loving, nurturing environment for the two of you, and it doesnt sound like you have that now. If the $800 increase makes you uncomfortable, i would suggest looking for more ways to trim your expenditures, as even small changes will make a difference. Also, there may be some simple ways for one or both of you to bring in a bit more of an income each month. From recycling cans to writing a column for a local paper, this can assist with at least one of your added expenses, like your increased commuter cost. I think many of us can appreciate the situation you are in. I do believe in finding ways to be frugal on a daily basis, but the reason we do that is so that we can spend a bit more elsewhere if need be. I believe this is one of those times. It sounds as if a new start is needed for your new start with Emma, because you should not feel uncomfortable in your current home. Your home should be a safe, loving, nurturing environment for the two of you, and it doesnt sound like you have that now. If the $800 increase makes you uncomfortable, i would suggest looking for more ways to trim your expenditures, as even small changes will make a difference. Also, there may be some simple ways for one or both of you to bring in a bit more of an income each month. From recycling cans to writing a column for a local paper, this can assist with at least one of your added expenses, like your increased commuter cost.

]]> By: MoneyNing http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3686 MoneyNing Wed, 19 Dec 2007 16:06:21 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3686 Early Retirement: In my situation, most things I want can be bought so question (a) does not apply nearly as much as question (b). As for (b), I've always thought that the money saved will grow and it's been the one thing that kept me from spending any money at all through life. However, I think I'm going a little overboard because of my conservation and paranoid nature. I'm trying to get out of that habit, and moving is one of the ways I'm doing so. Brent: I've thought about that but most things that I buy will not benefit my wife. For example, I would be quite happy with a new plasma/LCD TV but my wife couldn't care less :) At least the apartment will benefit the both of us. Edwin: Hmm. It's great to hear from someone that is on the opposite side. Emma and I will really have to discuss this when I get back this week. Prince: I must've misworded the sentence. I should say that the apartment does not require one and I didn't get it rather than we don't need one. Merry Maid: It's a great story you have there. Many people don't have the motivation or the attitude required to save and I'm glad the two of you were able to save approx. 75% of your take home pay each month!!! Double Journey: Wow tripling your income in 7 years sounds quite good. I would be very happy when I triple my current income in ANY years :D Early Retirement: In my situation, most things I want can be bought so question (a) does not apply nearly as much as question (b).

As for (b), I’ve always thought that the money saved will grow and it’s been the one thing that kept me from spending any money at all through life. However, I think I’m going a little overboard because of my conservation and paranoid nature. I’m trying to get out of that habit, and moving is one of the ways I’m doing so.

Brent: I’ve thought about that but most things that I buy will not benefit my wife. For example, I would be quite happy with a new plasma/LCD TV but my wife couldn’t care less :) At least the apartment will benefit the both of us.

Edwin: Hmm. It’s great to hear from someone that is on the opposite side. Emma and I will really have to discuss this when I get back this week.

Prince: I must’ve misworded the sentence. I should say that the apartment does not require one and I didn’t get it rather than we don’t need one.

Merry Maid: It’s a great story you have there. Many people don’t have the motivation or the attitude required to save and I’m glad the two of you were able to save approx. 75% of your take home pay each month!!!

Double Journey: Wow tripling your income in 7 years sounds quite good. I would be very happy when I triple my current income in ANY years :D

]]> By: Double Journey http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3683 Double Journey Wed, 19 Dec 2007 07:15:13 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3683 OK. I recently made the decision to increase the quality of my life as well. Despite almost tripling my income over the last 7 years, I've lived pretty much the exact same lifestyle. I decided it was time to change that. However, I'm very glad I've done this until now. I have a very good nest egg and am well on my way to be very comfortable for the rest of my life. If I did not feel this way yet, I wouldn't be increasing my spending. It's MUCH easier to keep a simple lifestyle and keep saving because you honestly don't know what you are missing. OK. I recently made the decision to increase the quality of my life as well. Despite almost tripling my income over the last 7 years, I’ve lived pretty much the exact same lifestyle. I decided it was time to change that.

However, I’m very glad I’ve done this until now. I have a very good nest egg and am well on my way to be very comfortable for the rest of my life. If I did not feel this way yet, I wouldn’t be increasing my spending. It’s MUCH easier to keep a simple lifestyle and keep saving because you honestly don’t know what you are missing.

]]> By: Merry Maid http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3681 Merry Maid Wed, 19 Dec 2007 06:14:17 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3681 We'll be making the same move as you, BUT I'm very glad i stayed in this crappy, run down apt for 6 months. I knew it would be only a year at the most so that helped. We had made a decision to stay here until we met our financial goals. It was very motivating to pay off the credit cards and the car. We'd ask ourselves, hmm, do we want this gadget/dinner out or do we want to move? Trust me, our apt motivated us to put about $3k/month out of $4400/month take home combined + 2nd jobs each (and paid over $4k in doc bills out of pocket, too)! LOL. We wouldn't have met our goal living in a "better" apt; and not just cuz of the higher rent. Here, who cared what the place looks like? no matter what we do, it's horrible. But in the new place, we're getting furniture to match and wall hangings, etc. We'll also do more entertaining. Those indirect costs add up. But if you guys have a great emergency fund, low debt, and are comfortable with your retirement saving levels, why not treat yourselves? I understand completely!!!!!!!!!!!! We’ll be making the same move as you, BUT I’m very glad i stayed in this crappy, run down apt for 6 months. I knew it would be only a year at the most so that helped. We had made a decision to stay here until we met our financial goals. It was very motivating to pay off the credit cards and the car. We’d ask ourselves, hmm, do we want this gadget/dinner out or do we want to move? Trust me, our apt motivated us to put about $3k/month out of $4400/month take home combined + 2nd jobs each (and paid over $4k in doc bills out of pocket, too)! LOL.

We wouldn’t have met our goal living in a “better” apt; and not just cuz of the higher rent. Here, who cared what the place looks like? no matter what we do, it’s horrible. But in the new place, we’re getting furniture to match and wall hangings, etc. We’ll also do more entertaining. Those indirect costs add up.

But if you guys have a great emergency fund, low debt, and are comfortable with your retirement saving levels, why not treat yourselves? I understand completely!!!!!!!!!!!!

]]> By: Prince of Thrift http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/comment-page-1/#comment-3678 Prince of Thrift Wed, 19 Dec 2007 00:50:04 +0000 http://moneyning.com/housing/making-the-decision-to-improve-our-standard-of-living-by-spending-more/#comment-3678 Why do you say you currently don't need rental insurance? If your apartment was broken into, you wouldn't have any insurance covering your personal belongings. If the building burned, same thing. The landlords insurance will not cover the tenants belongings. You should ALWAYS have rental insurance as a tenant. It is NOT a case of you don't need it, but rather a case of you don't have it. Why do you say you currently don’t need rental insurance? If your apartment was broken into, you wouldn’t have any insurance covering your personal belongings. If the building burned, same thing.

The landlords insurance will not cover the tenants belongings. You should ALWAYS have rental insurance as a tenant.

It is NOT a case of you don’t need it, but rather a case of you don’t have it.

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