Comments on: Another way to budget http://www.iwillteachyoutoberich.com/blog/another-way-to-budget/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 21 Mar 2010 11:47:10 -0700 http://wordpress.org/?v=abc hourly 1 By: Alan http://www.iwillteachyoutoberich.com/blog/another-way-to-budget/comment-page-1/#comment-93380 Alan Sat, 28 Mar 2009 16:17:37 +0000 http://www.iwillteachyoutoberich.com/blog/another-way-to-budget#comment-93380 "Let me give you the definition of "rich" and "poor." Poor people spend their money and save what's left. Rich people save their money and spend what's left." - Jim Rohn “Let me give you the definition of “rich” and “poor.” Poor people spend their money and save what’s left. Rich people save their money and spend what’s left.” – Jim Rohn

]]> By: Morgan at TheDebtDance.com http://www.iwillteachyoutoberich.com/blog/another-way-to-budget/comment-page-1/#comment-90818 Morgan at TheDebtDance.com Mon, 02 Mar 2009 23:25:34 +0000 http://www.iwillteachyoutoberich.com/blog/another-way-to-budget#comment-90818 I agree with Phil about making things simple. My husband and I use our debit card for every purchase and track expenses every few days to see if we need to shift, adjust, or go out on a hoot! We use a value-centered budgeting system. Our goals and dreams really rule. First tier are the gotta pay it stuff. Second tier of budgeting is what we want to spend on our dreams: getting our business going, getting out of debt, etc. Third tier is what's left over: groceries, clothes, entertainment, etc. It makes money management our friend--finally. Face Your Dreams, Embrace Your Loves I agree with Phil about making things simple. My husband and I use our debit card for every purchase and track expenses every few days to see if we need to shift, adjust, or go out on a hoot!

We use a value-centered budgeting system. Our goals and dreams really rule.
First tier are the gotta pay it stuff.
Second tier of budgeting is what we want to spend on our dreams: getting our business going, getting out of debt, etc.
Third tier is what’s left over: groceries, clothes, entertainment, etc.

It makes money management our friend–finally.
Face Your Dreams, Embrace Your Loves

]]> By: David Saunders II http://www.iwillteachyoutoberich.com/blog/another-way-to-budget/comment-page-1/#comment-43457 David Saunders II Mon, 10 Dec 2007 06:51:30 +0000 http://www.iwillteachyoutoberich.com/blog/another-way-to-budget#comment-43457 The best ideas are always simple ones and this is no exception. I use a credit card (that I pay off every month) to categorize expenses since A.) My CC company lets me download directly to Quickbooks and B.) Everywhere including fast food restaurants now accept plastic. Phil's idea is perfect - reduces financial stress and allows for ease of saving/investing right up front. As long as you're disciplined against over-spending what's left each month, you'll be good. Save/Invest first (and pay taxes if not a W2 employee), and whatever's left in your checking account is yours to use for the whole pay period. The best ideas are always simple ones and this is no exception. I use a credit card (that I pay off every month) to categorize expenses since A.) My CC company lets me download directly to Quickbooks and B.) Everywhere including fast food restaurants now accept plastic.

Phil’s idea is perfect – reduces financial stress and allows for ease of saving/investing right up front. As long as you’re disciplined against over-spending what’s left each month, you’ll be good. Save/Invest first (and pay taxes if not a W2 employee), and whatever’s left in your checking account is yours to use for the whole pay period.

]]>