Comments on: Budget for 2010: 4 Moves to Achieve your Financial Goals http://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Wed, 08 Feb 2012 18:29:01 +0000 hourly 1 By: Johttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-52103 Jo Mon, 17 Jan 2011 14:30:49 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-52103 I read this article last year and implemented some of your suggestions and they worked! This year like 'Jody' I'm not going to buy books but go to the library and see if I can pay down home mortgage more this year. Thanks for the useful tips! I read this article last year and implemented some of your suggestions and they worked! This year like ‘Jody’ I’m not going to buy books but go to the library and see if I can pay down home mortgage more this year. Thanks for the useful tips!

]]> By: Mike @ Gather Little By Littlehttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14324 Mike @ Gather Little By Little Tue, 05 Jan 2010 18:54:33 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14324 @Laura, How much time to you want to spend in Thailand? that is sooo cool!!! @Laura,

How much time to you want to spend in Thailand? that is sooo cool!!!

]]> By: Laurahttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14323 Laura Tue, 05 Jan 2010 18:52:24 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14323 1) Pay off loan from mom 2) Save up for trip to Thailand in July/August 3) Establish a 3 month emergency fund 1) Pay off loan from mom
2) Save up for trip to Thailand in July/August
3) Establish a 3 month emergency fund

]]> By: Kenhttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14320 Ken Tue, 05 Jan 2010 17:30:51 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14320 My budget goal is to spend less than I make. Since buying a home we have yet to get all the numbers right...we're getting better month by month. My budget goal is to spend less than I make. Since buying a home we have yet to get all the numbers right…we’re getting better month by month.

]]> By: Jodyhttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14319 Jody Tue, 05 Jan 2010 17:30:37 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14319 Switching to a pay yourself first mindset has allowed me to make significant financial progress in just two years. I paid off my car a year early, more than doubled my retirement savings, established an emergency fund and increased my mortgage payment by 25%. All because I started paying myself first. Once I started paying myself first, I had to give up shopping for fun; I use to spend a lot of money on books but now instead of buying I go to the library - I didn't think I'd be able to stick to this but it's been a year now since I bought a book (use to be 5-10 a month) and I don't miss it at all - weird how that works! Then shortly after I started to pay myself first, I wanted a raise...so in order to pay myself more I had to give up other things - I don't have a cell phone, I don't have internet at home and I don't eat out. All these 'don'ts' are truly small sacrifices that mean I am debt free except for my mortgage and it will be gone in 7 years (or less) and I am on the path to having a secure retirement in 20 years or so. I am not leading a life of deprivation, I just redefined my priorities and gave up some things in order to have financial security and I am loving it. Pay yourself first will work for you if you are willing to work for it! Switching to a pay yourself first mindset has allowed me to make significant financial progress in just two years. I paid off my car a year early, more than doubled my retirement savings, established an emergency fund and increased my mortgage payment by 25%. All because I started paying myself first.

Once I started paying myself first, I had to give up shopping for fun; I use to spend a lot of money on books but now instead of buying I go to the library – I didn’t think I’d be able to stick to this but it’s been a year now since I bought a book (use to be 5-10 a month) and I don’t miss it at all – weird how that works! Then shortly after I started to pay myself first, I wanted a raise…so in order to pay myself more I had to give up other things – I don’t have a cell phone, I don’t have internet at home and I don’t eat out. All these ‘don’ts’ are truly small sacrifices that mean I am debt free except for my mortgage and it will be gone in 7 years (or less) and I am on the path to having a secure retirement in 20 years or so. I am not leading a life of deprivation, I just redefined my priorities and gave up some things in order to have financial security and I am loving it. Pay yourself first will work for you if you are willing to work for it!

]]> By: Craighttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14318 Craig Tue, 05 Jan 2010 17:06:32 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14318 I like and have started using the pay yourself first mentality. By setting up automatic transfers I have the ability to pay myself first right away after each paycheck so I don't have to worry about it or miss the money. I like and have started using the pay yourself first mentality. By setting up automatic transfers I have the ability to pay myself first right away after each paycheck so I don’t have to worry about it or miss the money.

]]> By: Mike @ Gather Little By Littlehttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14316 Mike @ Gather Little By Little Tue, 05 Jan 2010 16:32:39 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14316 @ Thomas, #1 I do not see the "pay yourself" method as an absolute and egoist principle. I see it more like "consider yourself as one of your creditor". I certainly to not advocate to pay yourself first and not pay your utility bills. Thank for chance of making this clarification. #2 I think that if you make the priorities, paying down your debts faster to your relatives should be at the top of your list as I did with mine. In 2010, if there is one thing I want to achieve in my budget, this will be paying back my parents. I certainly don't want to spend money (or invest in my retirement) while I owe them money. This will be a great disrespect. @ Thomas,

#1 I do not see the “pay yourself” method as an absolute and egoist principle. I see it more like “consider yourself as one of your creditor”. I certainly to not advocate to pay yourself first and not pay your utility bills. Thank for chance of making this clarification.

#2 I think that if you make the priorities, paying down your debts faster to your relatives should be at the top of your list as I did with mine. In 2010, if there is one thing I want to achieve in my budget, this will be paying back my parents. I certainly don’t want to spend money (or invest in my retirement) while I owe them money. This will be a great disrespect.

]]> By: Mr. Thomas Nelson and Familyhttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14315 Mr. Thomas Nelson and Family Tue, 05 Jan 2010 16:27:41 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14315 These steps all sound good but the "pay yourself first" is one of those proverbs not based on truth or reality...like the "god helps those who help themselves.." sure sounds nice...not biblical though. I am a business owner self employed for over 30 years now. The "pay yourself first" is a myth. Try telling that to your utility company when they threaten to shut off the electric or water....or tell that to the internal revenue people when they come with chains and a lock (yes that happened to me once!) and they want their money or else no more business. There are months, sometimes years where you make zero dollars. Paying yourself first means someone else DOESN'T get paid. It real simple. And then you say to prioritize and pay yourself first over someone you borrowed money from? Ahhh, nice try, but if you think I will sit and wait for my money while my son, daughter, friend puts money to the side for retirement while I "wait" for my money is nonsense thinking. Lousy advice people Sincerely Mr Thomas Nelson Crown Point, IN These steps all sound good but the “pay yourself first” is one of those proverbs not based on truth or reality…like the “god helps those who help themselves..” sure sounds nice…not biblical though.

I am a business owner self employed for over 30 years now. The “pay yourself first” is a myth. Try telling that to your utility company when they threaten to shut off the electric or water….or tell that to the internal revenue people when they come with chains and a lock (yes that happened to me once!) and they want their money or else no more business. There are months, sometimes years where you make zero dollars. Paying yourself first means someone else DOESN’T get paid. It real simple.

And then you say to prioritize and pay yourself first over someone you borrowed money from? Ahhh, nice try, but if you think I will sit and wait for my money while my son, daughter, friend puts money to the side for retirement while I “wait” for my money is nonsense thinking.

Lousy advice people

Sincerely
Mr Thomas Nelson
Crown Point, IN

]]> By: Walterhttp://www.gatherlittlebylittle.com/2010/01/budget-for-2010-4-moves-to-achieve-your-financial-goals/#comment-14311 Walter Tue, 05 Jan 2010 13:14:10 +0000 http://www.gatherlittlebylittle.com/?p=2619#comment-14311 These are nice guidelines you have shared. This year I will be focusing on saving and hunting for the most practical investment to which I will take a risk. :-) These are nice guidelines you have shared. This year I will be focusing on saving and hunting for the most practical investment to which I will take a risk. :-)

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