Budgeting

Daily Money Saving Tip

I am on an unpaid leave of absence due to the birth of my daughter last spring. I was given a very generous leave of absence (14 months!). I am using this as a trial run to see if we can live without my salary so that I may stay home when my kids are little. As a result, I have to question every single purchase every day.

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How To Buy Expensive Stuff

I am currently considering a few expensive purchases. I am looking at a new flat screen HDTV to replace my old analog TV. I am considering Lasik eye surgery. I am considering a new road bike. I like nice things and experiences, and I am happy to spend the money if it is something I will really enjoy.

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Budgeting to Save Money is Like Excercise to Lose Weight

Budgeting, the exercise of personal finance, can make a big difference. Going from no budget to watching your expenses can save you a lot of money. However, as some financial bloggers point out, it is important to go for the big kills rather than a nickel here and a dime there. Cutting your rent, insurance, and cable/Internet bills can save big over the course of a year. Even more important, though, is income.

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