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URL:  http://boards.fool.com/the-exercises-strike-me-as-a-major-time-sink-im-13004364.aspx

Subject:  Re: Your Money or Your Life Date:  7/26/2000  11:48 AM
Author:  seattlerecruiter Number:  13796 of 735023

The exercises strike me as a major time sink. I'm wondering how many of you did them, and what your impressions were.

.......

I found the book to be interesting from a philosophy standpoint, but the exercises were only sem- useful if you are already putting a good deal of money away and doing some good budgeting.

I've always used Quicken to track every penny, so that part was a wash. I did not bother to track my lifetime income. I did compute the "real hourly wage", but it was by no means shocking.

In short, I think if you are already sticking to a well thought out budget, the book has limited usefulness. There is not too much shock in finding you spend 100 a month on eating out if you are already planning to do so. If anything, do the real wage computation. It's nice to be able to say, "I had to work X hours to purchase this product", it gives you good perspective when shopping for discretionary goods.

Hope this helps.

SR.
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