Comments on: Winning the Daily Cash Flow Battle

By: Back To Basics: 79+ Brilliant Budgeting Resources You’ll Love | My Super-Charged Life

Tue, 14 Oct 2008 11:04:55 +0000

[...] 46. Winning the Daily Cash Flow Battle [...]

By: Money Hacks Carnival #19 — Personal Finance Destinations | Money Hackers Network

Thu, 10 Jul 2008 03:03:57 +0000

[...] Winning the Daily Cash Flow Battle posted at The Frugal Dad. [...]

By: Family Fantasy Sports

Family Fantasy Sports — Thu, 10 Jul 2008 01:42:29 +0000

The one bite at a time concept is so applicable across personal finance and life.

Years ago I read a book about writing called bird by bird… basically that the key to writing is breaking it down into sentences and paragraphs. (bird by bird comes from a reports the author did as child on bird — her dad told her to do it bird by bird). investment success is similar as well, continually investing on regular basis regardless of market conditions etc.(dollar cost averaging)…

By: marci

marci — Fri, 04 Jul 2008 18:16:03 +0000

Thanks, Senior Life Guy…. but I knew there was a catch to it I’m not OLD enough! LOL!!! Will send it along to my folks tho. Who wudda believed! This is quite the thing! Thanks for the info.

By: Senior Life Guy

Senior Life Guy — Fri, 04 Jul 2008 17:32:04 +0000

True blue, Marci, and really a dream come true for Seniors that need extra monthly income.

The program is probably the antithesis of the reverse mortgage. Absolutely zero is invested or collateralized by the senior.

It won’t always work because there is an arbitrage involved between life insurance mortality assumptions and institutional funder life expectancies, but this program is being done all the time, and if it doesn’t work out, there’s no obligation at all.

Come visit the link to find out more if you would like.

By: marci

marci — Thu, 03 Jul 2008 18:53:04 +0000

Sr life guy… so are you selling something? Cuz that sounds too good to be true! etc etc Sounds too much like a reverse mortgage.

By: Senior Life Insurance Guy

Senior Life Insurance Guy — Thu, 03 Jul 2008 18:05:28 +0000

I love the theory of 1 bite at a time; reminds me of reduce to the ridiculous that I learned a long time ago when I was starting out in sales.

Another ridiculous notion is the something for nothing idea. Does something for nothing exist? Well, what if a senior could obtain an immediate annuity, put up nothing, zero, nada, and come away with an monthly income for life?

Would one say, then, that something for nothing doesn’t exist?

By: Jennifer

Jennifer — Thu, 03 Jul 2008 16:56:40 +0000

Another trick that I like is deciding my monthly spending allowance and writing that amount on a post-it. I stick the post-it to my credit card, which I use for most purchases, and each time I make a purchase, I subtract that amount from my monthly total. It’s a good trigger that reminds me to think twice about impulse buys, and it’s helped me get my spending back in check.

By: Margaret

Margaret — Thu, 03 Jul 2008 00:26:18 +0000

Eureka! I think breaking it down into a limit PER DAY may be just the thing I need to do to get my incidental spending under control. I’ve been doing it as a monthly amount, but at the start of the month it seems like so much and gets spent, and at the end of the month it is gone so I cheat. I will try the daily cap.

By: The Simple Dollar » The Simple Dollar Weekly Roundup: Family Surprise Edition

Wed, 02 Jul 2008 14:00:42 +0000

[...] Winning the Daily Cash Flow Battle In my eyes, this is the biggest battle to overcome in getting your financial life straight. (@ frugal dad) [...]