Comments on: 9 Money Habits To Live By http://www.darwinsfinance.com/money-habits/ Financial Evolution: Education, Adaptation, Achievement Mon, 06 Feb 2012 15:43:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: BadBoysDriveAudihttp://www.darwinsfinance.com/money-habits/#comment-4864 BadBoysDriveAudi Tue, 16 Mar 2010 05:17:59 +0000 http://www.darwinsfinance.com/?p=1152#comment-4864 With regard to #5, you might want to automate your batch processing. My mortgage is paid biweekly automatically. All utilities (and anything else that could be automated) are paid automatically to one credit card. The credit card bill is due in the last week of the month and that's automatically paid out of my bank account. I have 60 days to itemize and check statements to spot any billing errors. Anything that can't be paid by the card gets set to be paid automatically from the bank account. With all that automated, I don't even think about bills. I hated the process of gathering everything, writing checks, seeing all the cash outflows month after month. Now I just set everything up and let it run like clockwork. One day a month, I sit down and itemize my credit card statement to look for irregularities. It's pretty easy too since I sync everything into Quicken. I can spot an overbilling on utilities or identify a fraudulant credit charge and take appropriate action in short order. Freeing up that time allows me to spend it where I want...playing a new game, spending time with friends/family, researching a new investment, etc. With regard to #5, you might want to automate your batch processing. My mortgage is paid biweekly automatically. All utilities (and anything else that could be automated) are paid automatically to one credit card. The credit card bill is due in the last week of the month and that’s automatically paid out of my bank account. I have 60 days to itemize and check statements to spot any billing errors. Anything that can’t be paid by the card gets set to be paid automatically from the bank account.

With all that automated, I don’t even think about bills. I hated the process of gathering everything, writing checks, seeing all the cash outflows month after month. Now I just set everything up and let it run like clockwork. One day a month, I sit down and itemize my credit card statement to look for irregularities. It’s pretty easy too since I sync everything into Quicken. I can spot an overbilling on utilities or identify a fraudulant credit charge and take appropriate action in short order.

Freeing up that time allows me to spend it where I want…playing a new game, spending time with friends/family, researching a new investment, etc.

]]> By: * Help Yourself, Not The Economyhttp://www.darwinsfinance.com/money-habits/#comment-3093 * Help Yourself, Not The Economy Wed, 18 Nov 2009 00:01:47 +0000 http://www.darwinsfinance.com/?p=1152#comment-3093 [...] The retirement that many envision will simply be unattainable for many people due to the lack of financial planning throughout their lives.  Don’t let that be you.  Start today and put money away towards [...] [...] The retirement that many envision will simply be unattainable for many people due to the lack of financial planning throughout their lives.  Don’t let that be you.  Start today and put money away towards [...]

]]> By: FB @ FabulouslyBroke.comhttp://www.darwinsfinance.com/money-habits/#comment-2404 FB @ FabulouslyBroke.com Sat, 17 Oct 2009 13:09:40 +0000 http://www.darwinsfinance.com/?p=1152#comment-2404 A definite check for me, on all the points above. My parents didn't give me or show me ANY money habits, and luckily that was what pushed me to learn all of that on my own before it was too late (like at the age of 65, about to retire). A definite check for me, on all the points above.

My parents didn’t give me or show me ANY money habits, and luckily that was what pushed me to learn all of that on my own before it was too late (like at the age of 65, about to retire).

]]> By: Evanhttp://www.darwinsfinance.com/money-habits/#comment-2396 Evan Fri, 16 Oct 2009 19:30:23 +0000 http://www.darwinsfinance.com/?p=1152#comment-2396 Kevin, This has nothing to do with the article but you have to check out the iron-less dry clean free shirts from Brooks Brothers. They are amazing and never have to be pressed or dry cleaned! Couple bucks more but not much more - will make your money back in a couple months vs. buying a new normal shirt. Kevin,

This has nothing to do with the article but you have to check out the iron-less dry clean free shirts from Brooks Brothers. They are amazing and never have to be pressed or dry cleaned! Couple bucks more but not much more – will make your money back in a couple months vs. buying a new normal shirt.

]]> By: Kevinhttp://www.darwinsfinance.com/money-habits/#comment-2395 Kevin Fri, 16 Oct 2009 17:29:20 +0000 http://www.darwinsfinance.com/?p=1152#comment-2395 Good article. I spend way too much money on dry-cleaning. It drives me freaking nuts. I work in an office every day but its only a few times a month that I actually see clients so I try and make the argument that I don't need to "dress up" every single day. The argument seems pretty futile tho w/ my company... Good article. I spend way too much money on dry-cleaning. It drives me freaking nuts. I work in an office every day but its only a few times a month that I actually see clients so I try and make the argument that I don’t need to “dress up” every single day. The argument seems pretty futile tho w/ my company…

]]> By: Financial Samuraihttp://www.darwinsfinance.com/money-habits/#comment-2389 Financial Samurai Fri, 16 Oct 2009 07:19:05 +0000 http://www.darwinsfinance.com/?p=1152#comment-2389 My favorite money habit is to "go broke to win big" as I write on FS. The idea is to flush all your money away to different banks so you're left with razor thin cash flow. This forces you to know exactly where your money is and live within your means. If you work in finance for example, you could have a decent $120,000/yr salary. But, it's the multiple bagger bonus you are hoping for. That has always got to be saved. Spend your salary, save your bonus! See you over at FS one day! Best My favorite money habit is to “go broke to win big” as I write on FS. The idea is to flush all your money away to different banks so you’re left with razor thin cash flow. This forces you to know exactly where your money is and live within your means.

If you work in finance for example, you could have a decent $120,000/yr salary. But, it’s the multiple bagger bonus you are hoping for. That has always got to be saved. Spend your salary, save your bonus!

See you over at FS one day!

Best

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