UnThreaded | Threaded | Whole Thread (68) | Ignore Thread Prev | Next
Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Bankruptcy. Is it for me? Date: 7/30/2007 6:04 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Other budget categories to consider: newspapers, transportation aside from car (gas, tolls, train, etc), charitable donations, household supplies (like laundry detergent, etc), eating out (if any), childrens school items...

AJ wasn't being judgemental. Just trying to focus on what's core and what's not that core. This differs for everyone. I'd give up clothes before I'd give up travel for example. You need to track all expenses (not just big recurring ones) vs. income, and then start deciding where to trim. All discretionary income gets thrown at debt snowball. Discretionary is subjective. many people include a "fun" category in their budget for books, eating out, etc, because to go cold turkey on this isn't realistic, and better to plan for an outlet than jst blow the budget.

Anyhow - if you do stick with this there will be some comments from the board you don't like. Don't overreact. Just let it sink in and think about if there is something in thereuseful for you.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (68) | 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.