UnThreaded | Threaded | Whole Thread (46) | Ignore Thread Prev | Next
Author: Leia28 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311083  
Subject: Re: Issues Date: 5/6/2007 9:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 30
Hi Erik,

Here are my suggestions. Sit down and write out your budget. Use Quicken, Excel, Word, a notepad and pencil, or whatever works for you. Take a month to see where you really spend your money. Judge for yourself what you want to change. You don't have to post it if you don't want to. You do need to take a hard look at the way you spend your money and figure out what your goals are. Be very honest with yourself.

Right now, budgeting is difficult for me. My husband is terminally ill and only 36 years old. We have a 4-year old son. We are lucky because my husband is on an experimental drug that seems to be at least slowing down his cancer, so we've been given time. It's easy for me to want to spend every dollar I get my hands on because sometimes I feel entitled after going through all the crap we've gone through. I needed to get it out of my head that I deserved more stuff because I was going through a difficult time. I've had other times in my life when my spending was out of control. Thankfully, I've been with the Fool for awhile, so I figured out pretty quickly, this time, that my spending was starting to get out of control again.

It's not like my family is is living without our basic needs, or even many of our wants. For us, it's a balancing act. We've cut out some of the stuff we don't really want or need, and we spend more on trips and experiences.

You decide what your priorities are. I suggest writing them down. Then you set your budget. Then you follow it. You may blow it occasionally. (I certainly do.) However, you will be on track for getting what you want out of your money.

I hope my rambling helps some. Good luck. Let us know how it goes.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (46) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.