tag:blogger.com,1999:blog-3856734926342648468.post5457520177124297770..comments2023-04-19T15:16:12.241-07:00Comments on The Single Dollar: Sticking to the Plan Is Hard For Methesingledollarhttp://www.blogger.com/profile/05983910821824106143noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-3856734926342648468.post-42744691011764518702014-11-03T14:45:43.177-08:002014-11-03T14:45:43.177-08:00I totally understand what you are talking about. I...I totally understand what you are talking about. In fact, this post has inspired me to post on a similar subject. I am a boom and bust person when it comes to debt, which is why I think my new strategy has to be debt chunking, which for me is saving a whole bunch of money (e.g. 5000) and then using those savings to pay off debt. That may help me get over part of this boom and bust mentality. Great post!!!jasonedwards57https://www.blogger.com/profile/13725522432598704753noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-85227221151854367212014-10-31T19:58:19.250-07:002014-10-31T19:58:19.250-07:00Nah, it's helpful just to think out loud about...Nah, it's helpful just to think out loud about it.... I love big results! They are super motivational. I kind of get why people want to run marathons (even though I have zero ambitions in that particular direction, heh.)thesingledollarhttps://www.blogger.com/profile/05983910821824106143noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-2214562892265766342014-10-31T19:57:35.036-07:002014-10-31T19:57:35.036-07:00Yeah, I've never really had an e-fund so in th...Yeah, I've never really had an e-fund so in theory I think I'd like the peace of mind...but in practice I seem to want to *do* stuff with money, whether it's invest it or spend it. I don't really like just having it sitting around in a savings account even though I know that's the best thing to do. I just have to work on it.thesingledollarhttps://www.blogger.com/profile/05983910821824106143noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-76807106924930907922014-10-31T08:41:52.839-07:002014-10-31T08:41:52.839-07:00Big results are so much easier to get motivated by...Big results are so much easier to get motivated by. Slow and steady kills me... but you have obviously made great strides, even if it doesn't feel like it at the moment. I haven't figured out a way to deal with it, but to keep going (not helpful, I know!)Alicia @ Financial Diffractionhttps://www.blogger.com/profile/05643373008918810105noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-36738900736539933092014-10-31T07:59:41.011-07:002014-10-31T07:59:41.011-07:00I find if I try and do too many things at once I t...I find if I try and do too many things at once I typically fail. I like the peace of mind the fully funded e-fund provides. You have to find what works best for you. It is tempting to invests when the market dips.TECHBUDhttps://www.blogger.com/profile/08926577625098994372noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-50401488361574256642014-10-30T19:54:39.677-07:002014-10-30T19:54:39.677-07:00Oh, and also -- you didn't misread the article...Oh, and also -- you didn't misread the article! It's just that the sidebar numbers are misleading on that particular point, because they didn't (until I just updated them) show the credit card payments I made in October, and they also don't reflect the paycheck I have incoming.<br /><br />Thanks for the comment and for looking so closely though!thesingledollarhttps://www.blogger.com/profile/05983910821824106143noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-43431591141357492022014-10-30T11:00:04.896-07:002014-10-30T11:00:04.896-07:00You're right -- the moving forward is the impo...You're right -- the moving forward is the important part! I'm going to try to concentrate on the EF next year (post-debt payoff), with the thought that I'll feel better with a lot of money in one account rather than little amounts in a "car fund," "house fund," etc. We'll see how it goes.thesingledollarhttps://www.blogger.com/profile/05983910821824106143noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-80596640936709361952014-10-30T10:36:53.395-07:002014-10-30T10:36:53.395-07:00I find myself struggling with the same thing. I pr...I find myself struggling with the same thing. I prefer seeing big results, so I tend to focus most of my attention (or money) on one goal at a time. But 6 months later "life happens", and I find myself switching gears. At the beginning of the year, I was saving to pay down debt. But then a vacation opportunity popped up, and I switched to saving for that. Then I was aggressively paying down my student loan. For a month. Then the boyfriend lost his job, and I switched my focus to building up cash for an emergency fund. I wish I was more into "divide and conquer", but when there isn't a lot of extra money in the budget, putting small amounts towards lots of things feels like you're never getting anywhere. I figure life is full of unexpected things and changes; So long as I'm moving forward, I'll be okay. Sure, some choices would move me along quicker than others. But, I'm only human!Anonymoushttps://www.blogger.com/profile/06254516023388601257noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-51033830004872978262014-10-30T10:35:22.196-07:002014-10-30T10:35:22.196-07:00If it were a high-interest rate card I would do th...If it were a high-interest rate card I would do that, actually! But it's all on a 0% card that won't start charging interest until March, so it's better to just keep at the slow and steady thing and put something in savings. (I will pay it off in December on the schedule I'm on now.)thesingledollarhttps://www.blogger.com/profile/05983910821824106143noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-10187533612902896212014-10-30T10:25:27.523-07:002014-10-30T10:25:27.523-07:00Just took a look up at your sidebar again. It loo...Just took a look up at your sidebar again. It looks like you don't have enough savings to pay off the credit card debt yet and still have some money in your chequing account to pay the bills. I must have mis-read the article, so don't take my advice!CheapMomhttps://www.blogger.com/profile/15397810691748125342noreply@blogger.comtag:blogger.com,1999:blog-3856734926342648468.post-53118061322498834682014-10-30T10:23:27.206-07:002014-10-30T10:23:27.206-07:00I know that this doesn't follow your mantra, b...I know that this doesn't follow your mantra, but I'd pay those credit cards off! If they're the high interest kind, you'll be saving more a month than you would be making in your savings accounts. Also, yes you may need cash for an emergency, but you could always throw it back on your credit card if you haven't built up your savings again yet and you'd be no worse off for it. CheapMomhttps://www.blogger.com/profile/15397810691748125342noreply@blogger.com