Comments on: Sound Money Advice for You & Michael Jackson’s Kids – DFA Tip of the Week

By: Barbara Ling, Virtual Coach

Barbara Ling, Virtual Coach — Sun, 12 Jul 2009 11:38:33 +0000

Brilliant ideas! Love this part: Instead of spending your money on the latest fads & trends, inventory your stuff to see what you already own then make it useful or give it to charity & write it off on your taxes.

Shared, tweeted and stumbled with me network, thanks for sharing!
.-= Barbara Ling, Virtual Coach´s last blog ..Easily Save Your Loved Ones From Being Horribly Scammed – Covert Angel Time! =-.

By: See you at the Top | Giveaway

See you at the Top | Giveaway — Fri, 10 Jul 2009 13:51:56 +0000

[...] Sound Money Advice for Michael Jackson's kids and for you! [...]

By: Matt Jabs

Matt Jabs — Thu, 09 Jul 2009 16:00:54 +0000

Great points you have made here Kevin!I will point you to an article I recently wrote on FiveCentNickel.com that addresses "Breaking Free From a Culture of Temptation".Before I buy anything now, I scrutinize my need for the product, then look to see if I can use anything I already have, then move on from there... Usually I find that I do not need it, or that I already have something that works just fine.

By: Matt Jabs

Matt Jabs — Thu, 09 Jul 2009 15:57:17 +0000

I am so glad that I could motivate even one person to strive toward more freedom regarding their finances! I have a burden to spread the word…

Congrats on working to gain greater control over your personal finances! Just that fact alone is very liberating.

Even if we still have debt, making any positive steps in the right direction is so encouraging… and addictive I might add!

I wholeheartedly agree with your friend Dan. It is inexplicably important that we work to pay ourselves first, no matter how small the amount!

Have you started using the Google Docs spreadsheets for budgeting? I am using the Family Budget Planner one and like it a lot so far.

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Thu, 09 Jul 2009 13:55:28 +0000

Matt–Nothing to add to your advice on savings, it’s solid. But a comment or two on the fad issue.

It’s easy enough to identify fads when they’re in the form of something as outrageous as an orange jacket with 100 zippers. But what when it’s more subtle, such as the latest must have, gadget du jour? Or the hottest vacation spot? Or the newest restaurant in town?

All of these are fads as well, and in order to maximize the amount we save, fads in any form are best avoided. Real value is found in the things that are overlooked, not the ones everyone’s stampeding to buy.

By: Mom

Mom — Thu, 09 Jul 2009 13:10:40 +0000

You are really inspiring me to become more formal with my budget and savings! I actually accessed the Google Docs for budgeting that you recommended the other day and told my husband, who is working in Florida, to save his receipts so I can see what he is spending down there. Supporting two households definitely complicates things, but it can be done. The first thing I did was to set up a separate bank account to transfer money for him to access for his expenses. That gives him a budget figure to work with. Much to easy to blindly use that debit card, since I handle our finances. My friend Dan has been harping at me to save, even if its five bucks, he says. So, I guess I will listen and start taking your great advice. Thanks!

By: Northern Camping

Northern Camping — Wed, 08 Jul 2009 21:57:50 +0000

I had never seen MJ’s kids before yesterday. In fact, it was a little surreal to see them. Especially Paris. God bless her!

I wish them the absolute best and pray they do not let the demons that often surround unguarded money to affect their lives!!
.-= Northern Camping´s last blog ..Recreational Boater’s Guide to Navigation Aids =-.

By: Ray

Ray — Wed, 08 Jul 2009 14:49:45 +0000

Often people think “oh it’s only $50 no point in saving” they believe saving large amounts is the only way you can build a savings…….small amounts over time can add up quickly and more importantly it will get you in the habit of saving.

p.s. it seems like it’s “how to save” day this is now the fourth post i came across that talks about how to save
.-= Ray´s last blog ..Pay Yourself First-Saving Strategy: Mailbag =-.

By: Bible Money Matters

Bible Money Matters — Wed, 08 Jul 2009 14:49:38 +0000

Sometimes the basics like spending less than you earn and automating savings are the things that most people forget to do. Good reminders! .-= Bible Money Matters´s last blog ..Saving Up And Paying Cash For The Things You Buy Makes The Purchase More Enjoyable! =-.