Two incomes down to one
January 31, 2008
My wife and I are going to try and experiment. We’re going to go from two incomes down to one without quitting a job. We’re going to put all the money from my wife’s job into our savings and see how long we can do that without touching it. Sounds easy, huh? We’ll see.
Why this change? Well, we had a baby a couple weeks back and have been living off one income (mine) for now, and you know what…life wasn’t that bad. We’re obviously going to have to budget and spend a little cheaper, but I think we can do.
Either way I’ll keep all of you informed as to how it goes.
The Ultimate Cheapskate
January 31, 2008
Dubbed ‘The Ultimate Cheapskate’ by Today’s shows Matt Lauer, Jeff Yeager is one of the cheapest men you will find.
Excerpt from Washington Post:
“”We spend more money than we need to spend just to be happy,” Yeager said. “Eighty percent of the books in the market are about how to make more money. My book is about how to live a good life on little money.”
For example, he suggests holding an occasional fiscal fast in which a family refrains from spending a single dollar for a week. He also recommends shopping smarter, volunteering, paying off home mortgages as quickly as possible, trading a car for a bicycle, living within a budget at 30 years old and staying there, and hanging up the cellphone for good.”
I’ve read about a fiscal fast and wondered if I should do one. I think i will…details to come.
You can purchase Jeff’s book at Amazon.com Ultimate Cheapskates Road Map to True Riches, The: A Practical (and Fun) Guide to Enjoying Life More by Spending Less
Millionaire by 30 - Positive Thinking
January 30, 2008
Living cheaply can make you a millionaire…here’s proof. Alan Corey didn’t have a high paying job (~$40k per year) but managed to become a millionare by 30 years of age (he turned 30 on Jan. 20th). Here are a few of his “methods”:
- He opened a savings account at a bank far away from his $400-a-month one-bedroom apartment in Spanish Harlem to make it hard to get close to the money — and force him to save.
- He filled out surveys, if the survey companies offered money. Once, he was hired to walk around a movie release party as a Great Dane — for $350, he said.
- He saved every nickel he could, and he crashed parties and art gallery showings to take advantage of free cheese and wine.
Those are just a few things he did. The best part about this story is he didn’t win the lottery, he didn’t inherit a bunch of money, he didn’t marry some old rich lady. He just busted his butt and 
now he’s got the bucks!
Alan’s even wrote a book.
Props: AJC
Buy the Entertainment Book
January 30, 2008
One way to save big on dining out is to buy the Entertainment Book. 
I cannot begin to explain how important this book will be for you. Coupon after coupon. Buy one get one free. Half off. You get the drift. This book can be purchased from their website and they have a neat little tool on the homepage to tell you if there is a book in your area.
This book runs $20 per year. You can get the book for $15 if you promise to buy one again next year.
CURRENTLY READING
Total Money Makeover by Dave Ramsey
A must read for anyone who is looking for some 'average Joe' money advice. Stay tuned for my diary of The Total Money Makeover.
