Comments on Single Guy Money: I Don't Make Enough To Save Money

Yeah, I feel you. I am related to a lot of those ...

2009-09-25T03:25:26.887-04:00

Yeah, I feel you. I am related to a lot of those types of women. In my case, I cannot avoid it because I see them day in and day out, and all they talk about it money money money. And when they do end up getting a job, they still ask me, but I lay it straight with them. No.

You may try placing the money monthly in certifica...

2009-04-25T13:10:00.000-04:00

You may try placing the money monthly in certificates of deposits . However , I'm not sure what the minimum requirements are in India. Some people place their money in a number pool with people you trust .

Hmm, great article right to the point, its not roc...

2009-04-09T21:01:00.000-04:00

Hmm, great article right to the point, its not rocket science... It can totally be hard to stay with your goals with people like that in your life. Those with such money skills in my life know that I have unbreakable boundaries when it comes to spending, and they can moan and complain all they wish, but when it comes down to it, I am moving towards my financial goals, whereas they keep relieving

Man oh man! Typical, right? I love that. There ...

2009-04-05T00:20:00.000-04:00

Man oh man! Typical, right? I love that. There was a time when I felt like the poorest person of all our friends. Everyone had a nicer home, a nicer car, and nicer clothes. They went out all the time, and I believed it must be because they made more money than we did.

Then folks were complaining about their credit card debt, some were filing for bankruptcy, while others couldn't pay

You bring up a really interesting point here-- som...

2009-04-02T10:22:00.000-04:00

You bring up a really interesting point here-- sometimes we think we don't make enough to save because our savings goals are simply unrealistic. Although some of us obviously don't make enough to stash away hundreds of dollars a month, it's all about starting small and training yourself to become a saver. Simply put, harnessing The Power of Small is the key to getting yourself on firm

Good post. I'd suggest referring her to the post I...

2009-03-30T20:39:00.000-04:00

Good post. I'd suggest referring her to the post I just saw on Tim Ferris' blog about Ramit Sethi's new book The Psychology of Automation: Building a Bulletproof Personal-Finance System at http://www.fourhourworkweek.com/blog/2009/03/26/the-psychology-of-automation-building-a-bulletproof-personal-finance-system/. It was brilliant!

This is a system that could work to help people

I'm just curious why you would be friends with thi...

2009-03-30T14:31:00.000-04:00

I'm just curious why you would be friends with this leach.

Ugh - time is valuable too. You seem too spend too much on telling her you won't loan her money.

Have you nailed her yet?

2009-03-27T18:27:00.000-04:00

Have you nailed her yet?

There are some people in this world who genuinely ...

2009-03-25T02:39:00.000-04:00

There are some people in this world who genuinely do not earn enough to save without serious sacrifice. Many of them live in third world countries.

Many people of this opinion though, are rather mistaken. As my mother puts it, money burns a hole in their pocket and if money is available, it's available to be spent. Budgeting is something you do when attempting to deprive yourself (much

Good article.. tough message. It's hard to have t...

2009-03-22T17:44:00.000-04:00

Good article.. tough message. It's hard to have these conversations with people you care about.

Sometimes I feel guilty of this crime but I have l...

2009-03-22T10:52:00.000-04:00

Sometimes I feel guilty of this crime but I have learned much lesson though when I checked on all I bought and found I only need 20% of it.the rest was junk.

I know lots of people who "don't make enough to sa...

2009-03-21T19:07:00.000-04:00

I know lots of people who "don't make enough to save" yet they always seem to have new stuff. These same people usually "don't have time to mess with coupons". Although I think it is possible to earn so little you can't save, most people do not fall into this category. There is almost always some unnecessary expenditure that can be trimmed. Even if you just put aside the money you save by using

I think there's a difference between not making en...

2009-03-21T15:31:00.000-04:00

I think there's a difference between not making enough to be able to save and just not managing your money well. I think your friend clearly falls into the latter category. For some people, they spend the absolute least they can and find every bargain possible, but there just isn't enough money at the end of the day. That's a tough spot to be in, and the smart ones just keep at it until

Interesting, just shows you should never lend mone...

2009-03-21T13:56:00.000-04:00

Interesting, just shows you should never lend money to friends unless you want to get rid of them. Paycheck to Paycheck is a known way to failure.

You should take people asking you for money as a good thing. That means your doing something right!

Some less-than-necessary purchases are a quality o...

2009-03-19T17:26:00.000-04:00

Some less-than-necessary purchases are a quality of life issue. Not saying this is how it is with your friend. But all work and no play, etc. If that relatively cheap iPod is enormously useful, then go for it, even if this means not saving that $50. Sounds like your friend, though, is just being frivolous.

I want to take it a bit further... how about when ...

2009-03-19T16:55:00.000-04:00

I want to take it a bit further... how about when people say they dont have any money at all? Yet, you see them puffing away on cigerettes that you never see them without. How could they save money? Or how about the people that dont have money or any food? Yet, they just picked up a sandwich from some fastfood place. They wanted to lose some weight, but they dont want to give up the fastfood or

I have a friend who's like that and she's already ...

2009-03-19T01:40:00.000-04:00

I have a friend who's like that and she's already getting in my nerves. I keep telling her to stop buying things she doesn't need just because it looks pretty or it's on sale or for whatever superficial reasons so that she'll stop ranting about not having any more money right after spending way much.

I hope your friend would get how important and necessary saving is sooner rather than

Interesting. I was only introduced to Dave Ramsey...

2009-03-18T22:54:00.000-04:00

Interesting. I was only introduced to Dave Ramsey a few months back, via the "Total Money Makeover". Before that, I was always wondering where the money went myself. It's been an interesting journey figuring it out.

Your friend doesn't get it. I never did. I get it now.

I hope she does soon. It's never too late.

Your friend seems a little high maintenance. Why b...

2009-03-18T14:23:00.000-04:00

Your friend seems a little high maintenance. Why bother?

Sounds like you are doing what you can but some people are just stuck, or think they are. If she knew she had the tools to get unstuck, she would. But this is something she has to do for herself...sadly...

I agree with all you said. If you don't earn much,...

2009-03-18T10:53:00.000-04:00

I agree with all you said. If you don't earn much, check out your expenses and if you earn much, don't overspend your money with the things that you don't need. Better save up for the rainy days.

I am trying to save up enough money to buy an Xbox...

2009-03-18T07:15:00.000-04:00

I am trying to save up enough money to buy an Xbox 360 before Halo 3 comes out, but I don't think I will be able so save enough money for it. If the Xbox itself costs $400 and Halo 3 will probably cost around $60. I found out I make about $416 a year in allowance, so I will make around $247 by then, not nearly enough. Also, some of that has to go toward buying clothes.

I agree with you. In my experience the only thing ...

2009-03-18T07:09:00.000-04:00

I agree with you. In my experience the only thing a higher salary has meant was higher expenses. I've always kept an uneven ratio of income to expenses. Things have recently changed and I'm putting my life back together. Thank you for sharing the article. I never asked people for money, I had pride mind you, but that person is me. If I couldn't have had the iPod like your friend wanted I would

I SO have friends and even family like this. What...

2009-03-18T02:15:00.000-04:00

I SO have friends and even family like this. What's the smily for rolling eyes?

I think your friend is like a lot of young people ...

2009-03-18T01:41:00.000-04:00

I think your friend is like a lot of young people out there who honestly don't understand the value of hard work and money. All they see are the ads and others with stuff and want to be the same. Once upon a time, the middle class saw BMW's and fancy clothes and were in envy, now the middle class goes out and gets them without hesitation. I like to think of it as an iPod Society. http://

But I should also note that I was able to start th...

2009-03-18T00:14:00.000-04:00

But I should also note that I was able to start those investments because of the student loans the government gave me, which helped bootstrap me up. I was working 27 hours a week, too. But the loans were necessary.