Comments on: A Realistic Look At Financial Security http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/ 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: –› My Dollar Plan is a Finalist for Best Tax Blog http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-38478 –› My Dollar Plan is a Finalist for Best Tax Blog Thu, 25 Feb 2010 14:31:35 +0000 http://frugaldad.com/?p=4721#comment-38478 [...] A Realistic Look At Financial Security [...] [...] A Realistic Look At Financial Security [...]

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]]> By: Tracy http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37387 Tracy Thu, 04 Feb 2010 01:00:37 +0000 http://frugaldad.com/?p=4721#comment-37387 It's always a good idea to live below your means and keep an emergency fund (as well as water, food and flashlights) in case of an unexpected crisis. Living with financial security doesn't just help you, though, if the majority of Americans, for instance, followed this advice, there would be no need to worry about recessions caused by credit disasters, because no one would think living in debt was a reasonable way to operate, even our government might get the idea. Can you imagine? It’s always a good idea to live below your means and keep an emergency fund (as well as water, food and flashlights) in case of an unexpected crisis.

Living with financial security doesn’t just help you, though, if the majority of Americans, for instance, followed this advice, there would be no need to worry about recessions caused by credit disasters, because no one would think living in debt was a reasonable way to operate, even our government might get the idea. Can you imagine?

]]> By: Crystal http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37384 Crystal Wed, 03 Feb 2010 23:50:25 +0000 http://frugaldad.com/?p=4721#comment-37384 My husband and I both work but try to live on the smallest salary...that way we're covered if one of us loses our job. So far, we're living on about 50% of our income, but that's a little higher than the lowest salary. We're making it a priority for 2010 to lower our discretionary spending. Luckily we both have really stable jobs (teaching and a specialized office position that makes the company profit even now), so we do this mainly because we said we would 5 years ago during our last semester at college... He is also a high school sports official. I babysit and petsit occasionally. I also am in charge of Ebaying and Craigslisting furniture we replace and collections we built in our younger years. Financial security is one example of happiness that money can buy. :-) My husband and I both work but try to live on the smallest salary…that way we’re covered if one of us loses our job.

So far, we’re living on about 50% of our income, but that’s a little higher than the lowest salary. We’re making it a priority for 2010 to lower our discretionary spending. Luckily we both have really stable jobs (teaching and a specialized office position that makes the company profit even now), so we do this mainly because we said we would 5 years ago during our last semester at college…

He is also a high school sports official. I babysit and petsit occasionally. I also am in charge of Ebaying and Craigslisting furniture we replace and collections we built in our younger years.

Financial security is one example of happiness that money can buy. :-)

]]> By: ken http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37373 ken Wed, 03 Feb 2010 20:37:01 +0000 http://frugaldad.com/?p=4721#comment-37373 My wife and I are already doing some second income endeavors to supply extra funds to cover unexpecteds. Diversifying income is a great decision in this economy. My wife and I are already doing some second income endeavors to supply extra funds to cover unexpecteds. Diversifying income is a great decision in this economy.

]]> By: Ginger http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37370 Ginger Wed, 03 Feb 2010 19:27:34 +0000 http://frugaldad.com/?p=4721#comment-37370 That is a great article. We have just started our stockpile but even now it allowed us to cut our grocery spending from 45 to 25 when we had a bad week. That is a great article. We have just started our stockpile but even now it allowed us to cut our grocery spending from 45 to 25 when we had a bad week.

]]> By: Lisa http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37369 Lisa Wed, 03 Feb 2010 19:21:25 +0000 http://frugaldad.com/?p=4721#comment-37369 @Sid -- I agree, but I am not keeping livestock/gardening because I think the sky is going to fall -- I do it because I don't like having to rely on mass marketing to provide for my family. I like it that I can go to the backyard and pick my own crops and raise my own meat. I know where it came from, I know what it ate, what's been sprayed on it, and I don't have to rely on a source to get it other than myself. And I am learning how to do it, while I have a grocery store backup in case I make mistakes -- that way I will always have the knowledge no matter what. @Sid — I agree, but I am not keeping livestock/gardening because I think the sky is going to fall — I do it because I don’t like having to rely on mass marketing to provide for my family. I like it that I can go to the backyard and pick my own crops and raise my own meat. I know where it came from, I know what it ate, what’s been sprayed on it, and I don’t have to rely on a source to get it other than myself. And I am learning how to do it, while I have a grocery store backup in case I make mistakes — that way I will always have the knowledge no matter what.

]]> By: Becca R http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37368 Becca R Wed, 03 Feb 2010 19:04:09 +0000 http://frugaldad.com/?p=4721#comment-37368 excellent post! excellent post!

]]> By: zeke http://frugaldad.com/2010/02/03/a-realistic-look-at-financial-security/#comment-37364 zeke Wed, 03 Feb 2010 18:28:35 +0000 http://frugaldad.com/?p=4721#comment-37364 I think the idea of diversificaion should also be extended to the industries couples choose to work in. Both family members working in the private sector is just TOO RISKY today. If possible, one spouse should be in education, healthcare or goverment work. While this scenerio is not perfect, it greatly reduces the probability of both members being unemployed similtaneously. I think the idea of diversificaion should also be extended to the industries couples choose to work in. Both family members working in the private sector is just TOO RISKY today. If possible, one spouse should be in education, healthcare or goverment work. While this scenerio is not perfect, it greatly reduces the probability of both members being unemployed similtaneously.

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