Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Savings Tips
Old 05-26-2005, 01:26 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,438
Re: Savings Tips

I had a cell phone for a short period of time but never used it. I do have cable tv at a ridiculous price of $50/mo, but I do like some of the news channels and of course the golf channel. I spend $9.95/mo for dial up internet(Juno) which works just fine. Other than my country club dues($200), I think I do a pretty good job of cutting out unnecessary expenses.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Savings Tips
Old 05-26-2005, 09:56 PM   #42
Full time employment: Posting here.
 
Join Date: Apr 2005
Posts: 524
Re: Savings Tips

Dropped the land line last year. Since I travel, and make frequent calls to the east coast cell only works for me.
__________________

__________________
JB is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 07:13 AM   #43
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Savings Tips

Quote:
Originally Posted by thechoson
I am only 22, and am surviving on a meagre salary along with my live in gf. We try hard to LBOM, but it's been rough.

I thought I'd ask the wise sages of this board for some very simple advice, that has helped you in your own life, on tips how to save money each month.
One important key is teamwork. Few things can deep-six a savings plan faster than spender-spouse. I'm lucky that DW of 30+ years is a super-saver. I made the money, she made sure most of it was still there decades later.

ThanQhon

BUM
__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 07:41 AM   #44
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: Savings Tips

POGO - like the cartoon character - we have meet the enemy and he is us.

The best frugal for me - looking back from 61 to 21 when I graduated from college - was to make sure a stranger got his cut first - then live on the rest. Maxed all availible tax deferred vehicles and then sometimes live paycheck to paycheck on the rest and sometimes when fat managing to to save some of that. 401k, IRA, and nowadays Roth - low cost diversified stock funds -plunka,plunka DCA.

If I had known then what I know now - would have not owned any fixed income until much closer to retirement - I went 50/50 Ben Graham during 1966 -1992 when stocks were flat.

The earliest $ are the best $ - time in the market. I gave my nephew, Bogle's 1994 book, out of the Naval Academy - he TSP'ed max the total stock market index fund equivalent from 1994 till now on military pay - his retirement is set provided he doesn't screw it up. Unfortunately he's read Bernstein's Four Pillars and probably won't do as well from here on out.

Reading a lot of investment books can be dangerous to your health - a big mistake(of many) I made when young.

Starting as early as possible in a low cost diversified stock fund trumps a lot of stupidity - at least in my case. Plunka,plunka DCA over my working career resulted in 80 -90% of my portfolio over and above all my 'brilliant moves' combined.

Heh, heh, heh - did I spend some of my winners and party a little in the stretch?? Yes - and I also turned some winners into losers.

De Gaul and the Norwegian widow ride on.

__________________
unclemick is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 08:57 AM   #45
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 454
Re: Savings Tips

I think a cell is worth a few $, if you get one of the cheap deals, and don't give out the number.

I keep in glove compartment in case of emergency. And once in a while, is very nice to be in contact. Can save lots of time&hassle.

I'm paying about $40 a year on a plan that's going away, but there may be other similar priced plans on the cell phone thread.

My outgoing message says something like "If I'm not expecting a call from you, please call me at home instead. I don't check messages from this phone, and it is almost always shut off."

Agree on the monthly bills. I've only paid for a total of maybe three months of cable in my life, and have sought cheap internet deals. No netflix for me either--library is free.
The biggest monthly of course is rent/mortgage.
__________________
lazyday is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 09:21 AM   #46
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Savings Tips

Quote:
Originally Posted by lazyday
I think a cell is worth a few $, if you get one of the cheap deals, and don't give out the number.

I keep in glove compartment in case of emergency.* And once in a while, is very nice to be in contact. Can save lots of time&hassle.

I'm paying about $40 a year on a plan that's going away, but there may be other similar priced plans on the cell phone thread.

My outgoing message says something like "If I'm not expecting a call from you, please call me at home instead. I don't check messages from this phone, and it is almost always shut off."

Agree on the monthly bills. I've only paid for a total of maybe three months of cable in my life, and have sought cheap internet deals. No netflix for me either--library is free.
The biggest monthly of course is rent/mortgage.
Good tips. No cable at all since I ERed and currently no cellphone either.
When I had a cell
I handled mine the same way, i.e. mostly turned off and I didn't give the number out unless I was expecting a call, then I tuned it on just for that
otherwise it was pretty much outgoing only.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 09:46 AM   #47
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Savings Tips

Quote:
Originally Posted by BUM
One important key is teamwork. Few things can deep-six a savings plan faster than spender-spouse. I'm lucky that DW of 30+ years is a super-saver. I made the money, she made sure most of it was still there decades later.

ThanQhon

BUM
It can deep-six marriages also.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 05:05 PM   #48
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 454
Re: Savings Tips

Quote:
Originally Posted by MRGALT2U
Good tips.
Thanks.

I'm surprised with a $400 truck and time outdoors like fishing, you don't invest something like $50 a year or maybe less, just in case.

Mine mostly gets used to keep in touch with girlfriend when we're not at the same place, or not there yet.
Or, no kidding, a couple times when at super wal mart together and can't find each other. Like getting split apart at an airport or disneyland. Now I won't go in there together unless we both carry cell phone inside.
__________________
lazyday is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 06:21 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Savings Tips

Eh, if Johns truck dies he'll simply use superior brainpower and willpower to wait for his wife to notice he's late and go pick him up.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 06:27 PM   #50
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Savings Tips

Quote:
Originally Posted by Grand Banks
Eh, if Johns truck dies he'll simply use superior brainpower and willpower to wait for his wife to notice he's late and go pick him up.
Actually that's not too far off. Anyway, the old "ranch truck" sold yesterday.
Made a few bucks for a lot of messin' around. Today I bought another
boat with trailer......cheap! However, DW has taken a shine to it and so I guess
I will have to keep it. It's okay. She's happy and very little invested.

Reminds me of what a friend of Mom's said her son did for a living..........
"Buys and sells, buys and sells"

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Savings Tips
Old 05-27-2005, 07:22 PM   #51
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Savings Tips

Quote:
Originally Posted by lazyday
Thanks.

I'm surprised with a $400 truck and time outdoors like fishing, you don't invest something like $50 a year or maybe less, just in case.

Mine mostly gets used to keep in touch with girlfriend when we're not at the same place, or not there yet.
Or, no kidding, a couple times when at super wal mart together and can't find each other. Like getting split apart at an airport or disneyland. Now I won't go in there together unless we both carry cell phone inside.*
I bought DW a TRACphone. She was properly grateful. I usually don't miss it much, although I will sometimes borrow her phone. I found that once I had ERed, it was a nuisance about as often as it was an advantage. When I was working I spent hours in the car, on the phone. Now, I usually prefer
to be out of touch until I want to be "found".

JG

__________________
MRGALT2U is offline   Reply With Quote
Re: Savings Tips
Old 06-01-2005, 04:36 PM   #52
Thinks s/he gets paid by the post
 
Join Date: Jul 2004
Posts: 1,072
Re: Savings Tips

TromboneAl is right on with the monthly recurring expense----lifestyle enablers - hah!

Still have rabbit ears for the TV (10 year old TVs, too), cell phone is only for work and paid for by them, no maid service, no lawn service (will be changing to low maintenance yard very soon), wish I could rid of some of the other services, but no go.

Save the rest (both tax-deferred and after tax for retire early plans and vacations :-)) or spend it on what I value--looking for bargain, of course!

Bridget aka Deserat
__________________
Deserat aka Bridget
“We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm.” - George Orwell/Winston Churchill
deserat is offline   Reply With Quote
Re: Savings Tips
Old 06-01-2005, 06:18 PM   #53
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 557
Re: Savings Tips

Quote:
Originally Posted by th
Eh, if Johns truck dies he'll simply use superior brainpower and willpower to wait for his wife to notice he's late and go pick him up.
or he'll (heavens no!) walk.
__________________
uncledrz is offline   Reply With Quote
Re: Savings Tips
Old 06-01-2005, 06:21 PM   #54
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 557
Re: Savings Tips

Quote:
Originally Posted by deserat

no lawn service (will be changing to low maintenance yard very soon),
Bridget aka Deserat
help me out with this one, sounds almost too good to be true. It seems that in our neighborhood we're in a lawn/garden/flowers competition. Need to break out of this mold. If only I could convince dw.
__________________
uncledrz is offline   Reply With Quote
Re: Savings Tips
Old 06-01-2005, 06:26 PM   #55
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Savings Tips

My old mcmansion neighborhood was like that.

My neighbor across the street blasted the whole yard with roundup, covered it with staked down landscaping cloth, had a bunch of different size gravel (crushed to walnut size) laid in rippled/waved patterns. A few small low maintenance shrubs, couple of japanese maples, and brought in a couple of small tasteful concrete lawn decorations (a little bridge over a 'river' of white gravel with gray banks, a little 'pagoda', etc). Looked really nice...classy and tasteful. Once a month or so he went out there with a beer and spent an hour or so sizing up which branch or sprig he was going to trim back. Small drip watering system to put a little h2o on the plants that needed it.

If you go to www.highcountrygardens.com and request their catalog, they have a lot of low maintenance, low water plants and the catalog includes little numbered layouts for garden plots. They have a number of ornamental grasses and groundcoverings that require no mowing, limited trimming, and dont need to be watered more than 1-2 times a month even in desert conditions. With a few of them you can kill your existing lawn with roundup and then plant plugs right through the existing dead lawn
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Savings Tips
Old 06-01-2005, 08:26 PM   #56
Dryer sheet wannabe
 
Join Date: May 2005
Posts: 21
Re: Savings Tips

My suggestion for a young person to save and get a financial leg up would be to pickup a copy of the book "The Automatic Millionaire".

Good plain common sense advise.

think there is a web site too....
__________________
TK is offline   Reply With Quote
Re: Savings Tips
Old 06-02-2005, 12:31 AM   #57
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Re: Savings Tips

Quote:
Originally Posted by deserat
... cell phone is only for work and paid for by them...
Every time the military gave me a "free" cell phone I realized that they might be paying the bills, but I was paying the price!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Savings Tips
Old 06-03-2005, 10:45 AM   #58
 
Posts: n/a
Re: Savings Tips

Based on the advice from this forum, I picked two cell phones at a garage sale for $1 each. The law says they should be able to call 911. I've been able to call 611 on one of them. I'm going to go into the police station to test 911.

It won't help with run-out-of-gas type emergencies, but life and death, yes.
__________________
  Reply With Quote
Re: Savings Tips
Old 06-03-2005, 12:16 PM   #59
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 454
Re: Savings Tips

Quote:
Originally Posted by TromboneAl
I'm going to go into the police station to test 911.
That's a great idea! Before I got a cheap prepaid deal, I used to carry an old cell phone and car adapter in my trunk, but never tested 611 or 911.
Let us know how it goes. If it were me, I'd expect them to turn me away and make some threats about never testing 911.
(hopefully, i'll remember to check this thread again sometime.)
__________________
lazyday is offline   Reply With Quote
Re: Savings Tips
Old 06-03-2005, 01:16 PM   #60
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Savings Tips

It appears that the legality of testing a 911 call varies from state to state and county to county. Many areas have a law that more or less says 'repeatedly calling 911 without an emergency consitutes a class b misdemeanor'. I guess a single call doesnt constitute repeated. Look up the non-emergency number in your phone book and call that, ask them if you can do a test call from your cell phone. Keep the name of the person you talk to. Every article/post I just looked at said the non-emergency person gave them a good time range to do their test call when the 911 service isnt as busy. Be quick, courteous, and let them know you're just doing a quick test call to make sure it goes through.

And besides, you bought it at a garage sale. Theres nothing tying it to you. If the cops show up at your house, flush the phone down the toilet. Just dont wrap it in the koran first.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Automatic payments from a money market (savings) account a FIRE and Money 4 04-07-2007 01:14 PM
Income from TIPS? Gearhead Jim FIRE and Money 6 04-05-2007 03:52 PM
The Upside to Low Savings Rate? REWahoo FIRE and Money 0 03-29-2006 10:08 PM
SWR, terminal values, TIPS, I-bnds & comm paper sgeeeee FIRE and Money 144 02-25-2004 04:35 PM
EE bonds to ??? cute fuzzy bunny FIRE and Money 1 12-24-2003 01:33 PM

 

 
All times are GMT -6. The time now is 03:59 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.