(Closed) Take a look at my NWR budget

posted 7 years ago in Money
Post # 32
Member
1285 posts
Bumble bee

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@SoupyCat:  just consider that $50 as never having been there. Auto-debit it, and forget about it. 

That isn’t very good advice to give someone who wants to budget.  Budgeting is about how to manage your money and make out in the long run, not being in debt for longer than you need to be.

Post # 33
Member
4369 posts
Honey bee

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@rickhurst35:  actually, that’s the advice many professionals give in regards to saving long term. Mark a certain amount of money away in savings or whatever category to be paid. Pay yourself first. Earmark that money to not be touched, whether to pay a consistent loan like student loan, or to go into your IRA. Loans are not always bad. What’s bad is a loan that costs you more than you can get a rate of return on, if you save or invest that commensurate amount. You have to make your money work for you,rather than the other way around. 

ETA: obviously we’re not going to agree and that’s ok. We all have to do what works for us and it seems we’re both doing well financially. There’s more than one way to skin a cat, as they say. 

Post # 34
Member
685 posts
Busy bee
  • Wedding: June 2013

I’d recommend just getting a comfy city bike with a basket.  You can get them for pretty cheap (couple hundred for a brand new one, cheaper if you go craigslist).  A bike ride to work would definitely save you a lot instead of getting a car (plus it’s good exercise). 

I work about 3 miles away from work now and it gets super duper hot sometimes (not very humid here most of the time though) if I know it’s going to be 90 that day, I just leave earlier in the morning so it’s cooler and ride a little more slowly so I don’t get sweaty.  It goes by really quickly. 

Post # 35
Member
3238 posts
Sugar bee
  • Wedding: May 2015

I agree with the bike and cheaper car suggestions. I am also in the Southern US. It is hot, but a mile is nothing and it’s great exercise -so you could cut out the YMCA membership and save on gas. Also I would get a cheaper car, preferably one you could buy outright or one that was only a few grand more than what you have in cash. Insurance will be much lower if you don’t have to have the full coverage that a lender will make you get too.

I would get rid of cable since you have Hulu. If you need something more, Netflix is great. 

Post # 36
Member
500 posts
Busy bee
  • Wedding: September 2014

@LadyBlackheart:  Can you get a lower bill for your cell?  Metro PCS, T-mobile, Virgin Mobile.

 

I have the Virgin Mobile $45 per month plan….1200 mins…truly unlimited text and online…I got the phone for $50.

SO worth it.

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