Blogging Away Debt

Money and Relationships, Black Friday, an Internship and Cash Flow for Dummies

I spent some time the last few days reading other blogs. I haven’t been keeping up as much as I’d like to. There’s some good stuff out there! Here’s a few that caught my eye this week.

Louise discusses money and relationships. What are some big obstacles in a marriage? Time, sex and money.

Not Made of Money discusses black friday and gives some thoughts and strategies. I’m not big on black friday sales (not one for crowds), but if you like shopping the black friday deals, this article may interest you.

AKB reported some good news. She got an internship. Congrats!

Lastly, Golbguru has an illustrated cash flow for dummies. Yup, I’m shooting for #7 🙂

Should You Increase Your Income or Reduce Your Expenses?

by Tricia

I’m still on a money-making kick lately, although it hasn’t been too fruitful yet. Karen left a comment that brought up a very good point when you are wondering whether to increase your income or reduce your expenses:

I read an interesting tidbit this week. It said that if you earn an additional $100 (from a part time job, for example), after taxes and working expenses you net about $60. But if you cut expenses by $100, you have $100 extra. I thought that was food for thoughtâ€¦

Karen’s right. That does give some food for thought.

It made me pause and think about how we could reduce our expenses even more. The most likely culprit for us is with our groceries and dining out. I believe with some planning we could cut our grocery bill by $100/month and we are already starting to work on a plan. I’ve said that in the past, but it never came to be. This time, though, I’m really making some progress with getting it ready. (If my plan ends up working to reduce our spending, I’ll share it with all of you. I think it will work…but we’ll have to see.)

Thanks Karen for the food for thought 🙂