29 people want to do this.

Live on a budget


 

People who have done this

   

How to live on a budget by Jim Taylor

"Commit to live by a set of monetary rules and say goodbye to fiscal laziness."

How I did it: Sitting down with list of monthly and annual expenditures and matching each with a realistic financial goal that is within an income was the toughest part.  It took discipline to face the facts and see where the real cash flows were and to correct some bad habits. 

Lessons & tips: Living on a budget is a lifelong endeavor.  It's simply a tool; a mechanism to understand and control how we spend and invest our money.

Learn to create discretionary income ASAP and invest it regularly.  Stupid people pay interest and smart people collect it.  Let's be smart!

Resources: Hearing about the unfettered fiscal policies of Congress is what got me going. 


1 person found this helpful
 

Feb 03, 03:38AM PST | 0 comments | 2 cheers



More "How I Did It" stories

Livyru Lovin' Life!

It took me
1 week
It made me
Empowered!

How I did it: I had a great budget when I was married, and we had no debt at all. Then after the divorce, my income plummeted and I became very ill. Everything had to change as I found myself getting depressed over bills. The first thing I did was go through all my expenses in Quicken (software, worth it!), and made a huge list of them. I divided it into 4 sections: Bills that are very Fixed (like utilities, car payment, mortgage, etc.). Kin… Read how I did it…

Apr 23, 07:49AM PDT | 0 comments | 1 cheer


People doing this:

    		•
  • Birmingham
    		•
  • Chicago
    		•

    • → See all people

    People doing this are also doing these things:

    Entries

    mytime09 is workin but so goin to church at lunch:)

    Dude, where is my money:)? 3 months ago

    every months i spend money on little things that tend to add up to a big number…so i will do the dave ramsey plan and live a frugal life.

    Aug 22, 01:59PM PDT | 0 comments


    litupbythecity

    This should start out easy 11 months ago

    I’ve gotten a bit spoiled going to a liberal arts college in the northeast. There are a lot of people there with a lot of money and nice things and I feel like I sort of have to keep up.

    Going to Sydney (without enough money…) should help me, especially since Swift NEVER spends money (I was with her the first time she ever went to an ATM!) and is really excited about living like poor college kids, which is what I should be doing anyways, since that’s what I am.

    Dec 30, 2008, 01:50PM PST | 0 comments



    People who once wanted to do this are now doing these things:

    People have suggested "Live on a budget" is really the same as:

     

    I want to:

    The world wants to...

    go pull an all-nighter and see the sunrise Hike in the Grand Canyon Ray wants to learn Mandarin make a background with my picture as the background Learn swordplay Compare myself to no one, but who I was yesterday get married find my birth parents take an IQ test learn pottery pet a penguin go back to Paris be the voice of a cartoon character have a garden buy a snowboard create a list of 100 must-read books and read them. Succeed...or fail...but try without fear take more photographs get a tattoo [or] tattoo's chris2belluk wants to win the lottery stop eating fast food be a good person legendaryjerry wants to identify 100 things that make me happy (besides money) plant a garden visit paris overcome depression and anxiety watch all movies on AFI's 100 Best movies list
    43 Things Login