$35.86

[sinopa27]

I saw this article on Yahoo. I wanted to share and discuss.

you-can-save-the-smart-way: Personal Finance News from Yahoo! Finance

[mauimagic]

Mahalo Sinopa - interesting article - and definitely things to think about. I tend to get caught up in the daily frugal savings we can do - and I also think that we definitely need to add those bigger areas where I know we could make a big difference in our savings. Mahalo for the head's up.

It was interesting to see how many ways that $35.86 could be allocated. To me - the important thing is to do something and build from there!!

[sinopa27]

I am surprised it is just $35. I would think to make a financial change, more would be needed. $35 can be encouraging.

[mauimagic]

To me that's the beauty of it all - I think it's more the doing it than the amount!!

[dcompton]

It's all very well to say focus on the big stuff. Mortage. I don't have one. Car. I'm not buying one, mine's paid for. Health insurance was mentioned. Mine is through work. Pretty much set. Car insurance. I am satisfied with my cost and the service I get from my agent. Credit card debt. I don't have any.

That leaves me with the little stuff. I agree that you can save a lot more if you have the big expenses to work on, but I think it's wrong to downplay or, as I've sometimes seen, ridicule the small savings in the everyday things. It doesn't take skipping many of the lattes to get you that $35.

[Preston]

I
That leaves me with the little stuff. I agree that you can save a lot more if you have the big expenses to work on, but I think it's wrong to downplay or, as I've sometimes seen, ridicule the small savings in the everyday things. It doesn't take skipping many of the lattes to get you that $35.

yeah, but 'skipping lattes' is a really stupid metaphor. How many people are actually breaking their budget buying coffee every morning? It's the OTHER things that get me.

[sinopa27]

I understand what you are saying Preston. It's Murphy that gets me. I am going to test the $35 savings plan.

[Russ]

Any savings plan or debt repayment plan is better than no plan at all and each situation will require a different plan.

As far as the Latte analogy...insert any spendy habit you want to make up the $35 or what ever amount you can muster. It boils down to each individual finding that extra few dollars.

[Jilly]

Thanks for sharing. I'm always inquisitive of the different perspectives out there for getting the best bang for my buck. My takeaways after reading the article are: 1- finish EF, 2- Beef up ROTH contributions, 3-throw even the smallest amount extra towards house payments can generate a big payoff!!

[homemaker66]

Thank you for the information. I always like to read different ways and idea's on how to save.

[Nada.Leona]

I got to this and started laughing.

"If you look at the things you spend the most money on, that's where you can save the most money," says Elisabeth Leamy, author of the new book "Save Big" and a "Good Morning America" consumer correspondent.

Hmmmmm... wonder what hidden gems are in her book? Sorry I'm being picky.