Comments on: Tightening of the Financial Belt http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/ Our Journey to a Debt-Free Life Sat, 21 Nov 2009 08:35:00 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: EmilyStarbuck http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-369623 EmilyStarbuck Wed, 06 Feb 2008 17:22:39 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-369623 I agree with all of that - being frugal and cutting back really does enable you with a sense of control over your finances. Plus, when you are able to see a number for how much you saved, it's very satisfying. I am in the process of trying to cut back on dining out and shopping, and being able to put more into savings is so much more gratifying than splurging at Target, only to come home and wonder why the heck I bought so many things I didn't need! I agree with all of that – being frugal and cutting back really does enable you with a sense of control over your finances. Plus, when you are able to see a number for how much you saved, it’s very satisfying. I am in the process of trying to cut back on dining out and shopping, and being able to put more into savings is so much more gratifying than splurging at Target, only to come home and wonder why the heck I bought so many things I didn’t need!

]]> By: Matt http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-365098 Matt Mon, 04 Feb 2008 15:12:25 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-365098 Being able to remain in control when the world is all topsy-turvy is definitely an asset and if that means tightening your belt spending wise makes perfect sense. Personally I'm not too worried about the economy but that doesn't mean I'm going to ignore it; my way of attaining some control is to reduce a bit of spending and set aside a bit more in my emergency fund. Being able to remain in control when the world is all topsy-turvy is definitely an asset and if that means tightening your belt spending wise makes perfect sense. Personally I’m not too worried about the economy but that doesn’t mean I’m going to ignore it; my way of attaining some control is to reduce a bit of spending and set aside a bit more in my emergency fund.

]]> By: Sherri http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-364176 Sherri Sun, 03 Feb 2008 21:34:28 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-364176 When I look at my spending on non-essentials, I find for me personally it isn't about "look what I have." Most recently I spent $80 on a large quantity of hand-made all natural soaps, shampoos, and lotions. If I had bought the same amount of those products at a drug store it would have been about $30-40. However, like Emmi, above I find value in spending more for something that is greener (non toxic chemicals in these products) and made by someone paid a fair wage. So four years ago would I have spent twice as much on these products? Nope. I didn't have room in the budget. (Not that I have a hell of a lot of disposable income, but more than I did then.) But now I'm glad that when I do feel I have an extra $50-100 to spend, I often spend it upgrading a product I need to a greener, fairer, one that makes me feel happier and healthier. Oh, and to be completely honest, I do also spend money on restaurant food when I am feeling down or too tired to cook. No one's perfect! =D But I'm a vegetarian so usually the restaurants I pick are healthy! When I look at my spending on non-essentials, I find for me personally it isn’t about “look what I have.” Most recently I spent $80 on a large quantity of hand-made all natural soaps, shampoos, and lotions. If I had bought the same amount of those products at a drug store it would have been about $30-40. However, like Emmi, above I find value in spending more for something that is greener (non toxic chemicals in these products) and made by someone paid a fair wage.

So four years ago would I have spent twice as much on these products? Nope. I didn’t have room in the budget. (Not that I have a hell of a lot of disposable income, but more than I did then.) But now I’m glad that when I do feel I have an extra $50-100 to spend, I often spend it upgrading a product I need to a greener, fairer, one that makes me feel happier and healthier.

Oh, and to be completely honest, I do also spend money on restaurant food when I am feeling down or too tired to cook. No one’s perfect! =D But I’m a vegetarian so usually the restaurants I pick are healthy!

]]> By: Rob Madrid http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-364171 Rob Madrid Sun, 03 Feb 2008 21:17:35 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-364171 Interesting, it's also a good part of the reason why tis recession is going to be alot deeper than the last one. Interesting, it’s also a good part of the reason why tis recession is going to be alot deeper than the last one.

]]> By: Mrs. Micah http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-364133 Mrs. Micah Sun, 03 Feb 2008 20:13:33 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-364133 Like ERE, I think that's a great phrase. And so true...we make a lot of assumptions about people based on how they live. Frugality, budgeting, all that is good for control whether you're in debt, out of debt, or even rich. Like ERE, I think that’s a great phrase. And so true…we make a lot of assumptions about people based on how they live.

Frugality, budgeting, all that is good for control whether you’re in debt, out of debt, or even rich.

]]> By: Early Retirement Extreme http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/comment-page-1/#comment-364058 Early Retirement Extreme Sun, 03 Feb 2008 19:04:50 +0000 http://www.bloggingawaydebt.com/2008/02/tightening-of-the-financial-belt/#comment-364058 “A lot of what you spend goes toward showing other people what you have.” ... LOL, I'm thinking getting their net worth tattooed on their foreheads might be a cheaper solution? “A lot of what you spend goes toward showing other people what you have.” … LOL, I’m thinking getting their net worth tattooed on their foreheads might be a cheaper solution?

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