Comments on: Catching My Breath and Hoping for Better Economic News http://toughmoneylove.com/2009/02/21/catching-breath-hoping-better-economic-news/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Pinyo http://toughmoneylove.com/2009/02/21/catching-breath-hoping-better-economic-news/comment-page-1/#comment-2755 Pinyo Thu, 26 Feb 2009 21:07:47 +0000 http://toughmoneylove.com/?p=1828#comment-2755 TML - congratulation on paying off your mortgage. I guess my title is a bit misleading since I geared the article toward people who are prepaying but can't quite finish off their mortgage. Whith this in mind, I think it's better to hold on to the cash as part of their emergency funds given the economy. TML – congratulation on paying off your mortgage. I guess my title is a bit misleading since I geared the article toward people who are prepaying but can’t quite finish off their mortgage. Whith this in mind, I think it’s better to hold on to the cash as part of their emergency funds given the economy.

]]> By: Nate @ Money Young http://toughmoneylove.com/2009/02/21/catching-breath-hoping-better-economic-news/comment-page-1/#comment-2691 Nate @ Money Young Sun, 22 Feb 2009 07:44:09 +0000 http://toughmoneylove.com/?p=1828#comment-2691 There is nothing either good or bad. Only thinking makes it so. Mr. TML - You don't need to hope for better news, all you have to do it look for it. You'll find it. -Nate There is nothing either good or bad. Only thinking makes it so.

Mr. TML – You don’t need to hope for better news, all you have to do it look for it. You’ll find it.

-Nate

]]> By: MasterPo http://toughmoneylove.com/2009/02/21/catching-breath-hoping-better-economic-news/comment-page-1/#comment-2690 MasterPo Sun, 22 Feb 2009 06:08:18 +0000 http://toughmoneylove.com/?p=1828#comment-2690 Regarding cutting expenses, my wife and I have taken a deep hard look at what we can cut. In short - not much! We already scaled waaaay back on eating out (not that we go to fancy resturantes anyway when we go out but even the local diner can now be $40 for the two of us for dinner). We're cancelling our Netflix and XM radio subscriptions. And probably won't be taking any trips more than a couple of 3-day local weekends. But that's it. There's nothing else we can cut back on. Can't cut back on electricity, heating oil (I aleady keep the thermostat at 65 max even on the coldest nights!), insurance, repairs, food, medicine, transportation (travel to/from work mostly these days), etc. So anything we do cut back on like Netflix and XM is merely reducing pennies compared to the dollars we are hemoraging these days just to survive. I've read many articles on cutting back and they all say the same things. Just pennies would be saved by comparison to the real dollar costs. Any further ideas would be helpful. Regarding cutting expenses, my wife and I have taken a deep hard look at what we can cut. In short – not much! We already scaled waaaay back on eating out (not that we go to fancy resturantes anyway when we go out but even the local diner can now be $40 for the two of us for dinner). We’re cancelling our Netflix and XM radio subscriptions. And probably won’t be taking any trips more than a couple of 3-day local weekends.

But that’s it.

There’s nothing else we can cut back on.

Can’t cut back on electricity, heating oil (I aleady keep the thermostat at 65 max even on the coldest nights!), insurance, repairs, food, medicine, transportation (travel to/from work mostly these days), etc.

So anything we do cut back on like Netflix and XM is merely reducing pennies compared to the dollars we are hemoraging these days just to survive.

I’ve read many articles on cutting back and they all say the same things. Just pennies would be saved by comparison to the real dollar costs.

Any further ideas would be helpful.

]]>