Comments on: Saving With Purpose: Short Term Goals http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/ Promotional Codes, Coupons & Deals + Money Saving Insights Fri, 25 May 2012 18:18:27 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: LoveBeingRetired http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-45347 LoveBeingRetired Tue, 14 Sep 2010 13:12:32 +0000 http://frugaldad.com/?p=4574#comment-45347 Hi Frugal Dad - I just wanted to let you know that I linked to your article in a post this morning "Retirement Planning Must Have - Goal Setting". Your series can help to specifically address saving goals important to retirement. Thanks! Hi Frugal Dad – I just wanted to let you know that I linked to your article in a post this morning “Retirement Planning Must Have – Goal Setting”. Your series can help to specifically address saving goals important to retirement. Thanks!

]]> By: Angela http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-38386 Angela Mon, 22 Feb 2010 21:07:34 +0000 http://frugaldad.com/?p=4574#comment-38386 Another good investment idea is life insurance. It’s a great way to invest in your families protection! You can compare rates from over 50 companies usinghttp://www.wholesaleinsurance.net. Another good investment idea is life insurance. It’s a great way to invest in your families protection! You can compare rates from over 50 companies usinghttp://www.wholesaleinsurance.net.

]]> By: Frugal Dad http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-37204 Frugal Dad Mon, 01 Feb 2010 13:41:36 +0000 http://frugaldad.com/?p=4574#comment-37204 @Ace: Only the last two goals (car replacement and home improvements) will be saved for concurrently. I basically walk these in order - emergency fund, opportunity fund, car replacement and home improvement. @Ace: Only the last two goals (car replacement and home improvements) will be saved for concurrently. I basically walk these in order – emergency fund, opportunity fund, car replacement and home improvement.

]]> By: Ace of Wealth http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-37198 Ace of Wealth Mon, 01 Feb 2010 11:36:08 +0000 http://frugaldad.com/?p=4574#comment-37198 I think it's great that you have such ambitious goals. One question I have, do you attempt to save for all goals at once? Or do you focus on them one at a time? I think it’s great that you have such ambitious goals. One question I have, do you attempt to save for all goals at once? Or do you focus on them one at a time?

]]> By: Holly http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36675 Holly Thu, 21 Jan 2010 20:17:36 +0000 http://frugaldad.com/?p=4574#comment-36675 Lisa- InsWeb is a great source for comparing insurance rates...I knocked off $600 last year from switching auto insurance companies. I was with the same company for 15 years (and never compared rates!) and I also have a $1000 deductible. Lisa-
InsWeb is a great source for comparing insurance rates…I knocked off $600 last year from switching auto insurance companies. I was with the same company for 15 years (and never compared rates!) and I also have a $1000 deductible.

]]> By: Lisa http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36673 Lisa Thu, 21 Jan 2010 19:18:17 +0000 http://frugaldad.com/?p=4574#comment-36673 @crystal: Thanks very much for the info and suggestions. I've never heard of Great Food for All, I'll be googling it when I'm done writing this. It just so happens our car insurance is renewing next month, and although I have great loyalty to our current company I think I'm going to have to take a chance on somebody else if they're cheaper. Our deductible is already set at $1K. If I do find a cheaper rate, I'm going to stick the difference into savings. It will be a start, for sure. @crystal:
Thanks very much for the info and suggestions. I’ve never heard of Great Food for All, I’ll be googling it when I’m done writing this.

It just so happens our car insurance is renewing next month, and although I have great loyalty to our current company I think I’m going to have to take a chance on somebody else if they’re cheaper. Our deductible is already set at $1K.

If I do find a cheaper rate, I’m going to stick the difference into savings. It will be a start, for sure.

]]> By: Crystal http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36668 Crystal Thu, 21 Jan 2010 16:14:42 +0000 http://frugaldad.com/?p=4574#comment-36668 @Frugal Dad I've absolutely loved this post, thanks! @Frugal Dad
I’ve absolutely loved this post, thanks!

]]> By: Crystal http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36667 Crystal Thu, 21 Jan 2010 16:13:22 +0000 http://frugaldad.com/?p=4574#comment-36667 @Lisa Other than your $1022 a month mortgage, what other fixed expenses do you HAVE to pay? I suggest making a list on paper of all of these necessary expenses and seeing if you have anything left. By seeing your expenses on paper, you may be able to tackle one or two. Can you lower your utility bills through efficiency? Could you lower your grocery budget by planning meals around grocery sales? There are other organizations like Angel Food Ministries like Great Food for All...is there a location near you? If not, are there farmer markets or church organizations that help out in your area? Anyway, you get the idea. Look at your fixed expenses and cut back on those first. Then look at the "luxury" expenses and see if you can cut back on those too. For example, can your animals eat a cheaper food? Could you find the food they currently eat cheaper online or at a feed store? What other expenses do they incur and how could you lower them? Or could you find a cheaper internet provider? Again, you probably get the point. I review our own expenses every month or two just to make sure there isn't something we might want to cut back. I just recently called our cable company to request a discount...got $20 off a month just by asking. I'm calling insurance companies this month to see if we're getting the best rates we can with our car and house insurance. Once you have got all you can out of your current expenses and cut out anything unnecessary, I would look at what you have left. Be very critical and question yourself when you decide what is really necessary and what is a "luxury" expense. If you truly have no extra money left after making your expenses list, then you have to pursue other income streams. I make a little extra money by babysitting and reselling items I buy in bulk on Ebay. There are also other pet jobs like dog walking, pet sitting, and poop picker-upper that can pay pretty well. I charge $10 a night for dog sitting. I also did weekend work at a local book store for about $7 an hour a few months last year. I'm wondering if I could start a blog, but I seem happy with the ones that exist already. :-) My husband is teaching full-time, officiates high school basketball a couple of evenings a week, and is taking 9 hours of graduate work this semester. Last semester he took 6 hours of graduate work and officiated high school football 3-5 nights a week. This summer he is finishing off with 12 hours of graduate work and starting a new job with his new masters. My budget will be very happy since we got no help financially from anywhere... Anyway, that is how I tackle budgets and expenses. Hope it helps! @Lisa
Other than your $1022 a month mortgage, what other fixed expenses do you HAVE to pay? I suggest making a list on paper of all of these necessary expenses and seeing if you have anything left.

By seeing your expenses on paper, you may be able to tackle one or two. Can you lower your utility bills through efficiency? Could you lower your grocery budget by planning meals around grocery sales? There are other organizations like Angel Food Ministries like Great Food for All…is there a location near you? If not, are there farmer markets or church organizations that help out in your area?

Anyway, you get the idea. Look at your fixed expenses and cut back on those first.

Then look at the “luxury” expenses and see if you can cut back on those too. For example, can your animals eat a cheaper food? Could you find the food they currently eat cheaper online or at a feed store? What other expenses do they incur and how could you lower them? Or could you find a cheaper internet provider?

Again, you probably get the point. I review our own expenses every month or two just to make sure there isn’t something we might want to cut back. I just recently called our cable company to request a discount…got $20 off a month just by asking. I’m calling insurance companies this month to see if we’re getting the best rates we can with our car and house insurance.

Once you have got all you can out of your current expenses and cut out anything unnecessary, I would look at what you have left. Be very critical and question yourself when you decide what is really necessary and what is a “luxury” expense.

If you truly have no extra money left after making your expenses list, then you have to pursue other income streams.

I make a little extra money by babysitting and reselling items I buy in bulk on Ebay. There are also other pet jobs like dog walking, pet sitting, and poop picker-upper that can pay pretty well. I charge $10 a night for dog sitting. I also did weekend work at a local book store for about $7 an hour a few months last year. I’m wondering if I could start a blog, but I seem happy with the ones that exist already. :-)

My husband is teaching full-time, officiates high school basketball a couple of evenings a week, and is taking 9 hours of graduate work this semester. Last semester he took 6 hours of graduate work and officiated high school football 3-5 nights a week. This summer he is finishing off with 12 hours of graduate work and starting a new job with his new masters. My budget will be very happy since we got no help financially from anywhere…

Anyway, that is how I tackle budgets and expenses. Hope it helps!

]]> By: Nick Carter http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36663 Nick Carter Thu, 21 Jan 2010 14:46:11 +0000 http://frugaldad.com/?p=4574#comment-36663 I really think this article is very good and if its really works as stated in an opportunity fund then that is a goods idea for savings for a better prospect I really think this article is very good and if its really works as stated in an opportunity fund then that is a goods idea for savings for a better prospect

]]> By: Jessica http://frugaldad.com/2010/01/19/saving-with-purpose-short-term-goals/#comment-36659 Jessica Thu, 21 Jan 2010 10:40:28 +0000 http://frugaldad.com/?p=4574#comment-36659 This is a great article. I am totally on the same page with you and have all the same goals. I also have a dog fun in there because I have a larger dog and he tends to be on the expensive side. I find that the hardest thing is just finding the money to put in all the different places. I think I get too anxious and want them all to be full right now. Unfortunately, I know that mantra that slow and steady win the race. I do like the opportunity fund. I would be a little frightened that I may not ever be able to keep it at a goal amount. great article! This is a great article. I am totally on the same page with you and have all the same goals. I also have a dog fun in there because I have a larger dog and he tends to be on the expensive side. I find that the hardest thing is just finding the money to put in all the different places. I think I get too anxious and want them all to be full right now. Unfortunately, I know that mantra that slow and steady win the race. I do like the opportunity fund. I would be a little frightened that I may not ever be able to keep it at a goal amount.
great article!

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