Comments on: I’m Losing 50 Bucks to Be Happy, and I’m not Crazy

By: Witty Artist

Witty Artist — Thu, 02 Jun 2011 07:33:57 +0000

For sure moving funds from one place to another and keeping track is stressful. And for a few more bucks it’s just not worth the time I lose. Who knows, in that time I can make more money then the saved one.

By: Lee

Lee — Thu, 27 Aug 2009 13:07:13 +0000

I think that’s a good investment; in yourself. $50 versus (potentially) 50 hours a year trying to earn that $50? That’s just not good money sense. As other comments said, frugality should only go so far.

By: jennifer

jennifer — Thu, 27 Aug 2009 12:43:35 +0000

when i was earning 6% on all the money i had floating around from credit cards, ite was worth it and fun. for 3%, i agree, it’s not fun or worth it. i’ve started paying off the credit cards because i don’t want to play anymore

By: RB @ Financial Samurai

RB @ Financial Samurai — Wed, 26 Aug 2009 15:27:51 +0000

You should think about my “Going Broke To Win Big” strategy where I employ 3 banks to maximize my returns, and minimize my costs. It’s quite simple actually, and effective.

Over the past 10 years, I probably have saved/made $45,000 more than I could have if i co-mingled and kept everything all in one bank.

Best,

RB
Slicing Through Money’s Mysteries

By: Save Money Hound

Save Money Hound — Sat, 22 Aug 2009 02:33:41 +0000

Time is money. Saving a few extra dollars isn’t always worth it. I like your 3 action points. The lessons learnt seem to be paying off for you. Well done.

By: Wilson Pon

Wilson Pon — Fri, 21 Aug 2009 14:52:35 +0000

Thanks for the useful advices, Ning. Yep, in this case, we should be stick with the recently saving account, as it avoids us from becoming the victim of interests lost.

By: Jessica Griffin

Jessica Griffin — Fri, 21 Aug 2009 08:57:48 +0000

Having been through the endless dance of moving my funds from one bank to another, I agree with you completely. With the interest on savings being minimal, it just isn’t worth all the stress.

By: David @ Dinks Finance

David @ Dinks Finance — Thu, 20 Aug 2009 06:48:11 +0000

I agree. I saw a guy drive to a park I was at, go into the trash cans, and pull out maybe 10-12 bottles from each. No way that was profitable. The gas alone would eat up any money he’d make on the cans. Not to mention the fact he still had to drive to the recycling center at some point to actually convert the cans to cash. The guy needed a lesson on opportunity cost.

-DC

By: Jason

Jason — Wed, 19 Aug 2009 23:52:30 +0000

I never understood why people spend so much time caring about the last few cents. I am all for being responsible, but I will never control my budget to the last cent. I still have a life to live and spending time looking at statements and numbers just isn’t what I enjoy.

By: MoneyNing

MoneyNing — Wed, 19 Aug 2009 21:12:31 +0000

Yes. The costly mistakes certainly eliminated ANY additional income these strategies would make.