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Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76392  
Subject: Re: Is this a sin, or being practical? Date: 2/28/2014 4:58 PM
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It is wrong to think about cutting back for other life priorities? Am I sinning against Fool-kind? Or is that just the way life goes?

Ya gotta do what ya gotta do. Just don't lose sight of that saving mode, and start thinking that optional expenses are must haves. Lego parties in your rec room are just as good as renting out a hall and hiring entertainment. Teach a kid to play with a box, and you will have an independent kid. Now you have to focus not only on retirement savings, but college.

Focus as much as you can on savings mode without hurting your family. Don't keep up with the Jones'. Bank those raises and bonuses and be satisfied with what you have. Can't tell you how often I've answered one of the kids' questions like "Why don't we drive a fancy car?" with because keeping our expenses low means Dad has a better chance of living to an earlier retirement.

It's actually been kinda fun to teach the kids about value purchases. Christmas gift this year was $200 that they had to spend with me. Part of the point was time together, but also to encourage them to search out the best value for their money so that they could max out their purchases. I was happy to take as much time as they wanted to shop. Youngest just finished spending his this week. I finally see the light at the end of the financial tunnel for him!

IP
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