Comments on: My Way http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/ Tue, 07 Feb 2012 18:14:07 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19689 Canadian Dream Fri, 06 Feb 2009 11:42:04 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19689 Astin, Well if you saved 60%, I would say you either make a lot or your very determined or you are crazier than I am. Without knowing the details I can't say which. :) Adam, Actually it isn't a paradox. Money to a point does buy happiness when you are just starting out. $0 < $5000/yr < $20,000/yr...until you reach that level of enough. After that it just all goes downhill for the most part. The money can create more problems and cause all sorts of issues. The level of 'enough' varies by the person, but it is easy to pass without knowing it. Tim Astin,

Well if you saved 60%, I would say you either make a lot or your very determined or you are crazier than I am. Without knowing the details I can’t say which. :)

Adam,

Actually it isn’t a paradox. Money to a point does buy happiness when you are just starting out. $0 < $5000/yr < $20,000/yr…until you reach that level of enough. After that it just all goes downhill for the most part. The money can create more problems and cause all sorts of issues. The level of ‘enough’ varies by the person, but it is easy to pass without knowing it.

Tim

]]> By: Cash Canuck http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19679 Cash Canuck Fri, 06 Feb 2009 07:25:28 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19679 Video Games. I dropped almost a thousand bucks on an Xbox and games last year. However, I carefully consider each of my game purchases with regards to the number of hours I'll spend playing them (too many hours, I admit). I believe I get my money's worth. I try to buy most games used since I'm not the type that needs to be playing the newest title on the shelf. On top of that, I borrow/trade games with friends. So the variety is good enough to keep me entertained. Also, I don't plan on buying a new game console every year. Video Games. I dropped almost a thousand bucks on an Xbox and games last year. However, I carefully consider each of my game purchases with regards to the number of hours I’ll spend playing them (too many hours, I admit). I believe I get my money’s worth. I try to buy most games used since I’m not the type that needs to be playing the newest title on the shelf.

On top of that, I borrow/trade games with friends. So the variety is good enough to keep me entertained. Also, I don’t plan on buying a new game console every year.

]]> By: A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19672 A Lap Of The Blogs : WhereDoesAllMyMoneyGo.com Fri, 06 Feb 2009 03:04:47 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19672 [...] Dream points out that financial bloggers are generally not very representative of the wider population. Is that why I think getting a Golden Doodle and calling him Chewbacca is fine without checking with [...] [...] Dream points out that financial bloggers are generally not very representative of the wider population. Is that why I think getting a Golden Doodle and calling him Chewbacca is fine without checking with [...]

]]> By: Adam http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19651 Adam Thu, 05 Feb 2009 19:07:27 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19651 You know what I find odd, yet common. That people I work with that easily make twice what I do always seem so broke and debt ridden. I make substantially less and seem to always have the money I need to enjoy my life and still save. It's an odd paradox I find. You know what I find odd, yet common. That people I work with that easily make twice what I do always seem so broke and debt ridden. I make substantially less and seem to always have the money I need to enjoy my life and still save. It’s an odd paradox I find.

]]> By: Astin http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19645 Astin Thu, 05 Feb 2009 16:23:35 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19645 So what's it say about me when I saved over 60% of my take-home last year? Of course, percentages become useless when talking personal finance if income isn't know. Someone earning six figures can spend as much as someone earning 50k and still have plenty left over for savings and be happy. So what’s it say about me when I saved over 60% of my take-home last year?

Of course, percentages become useless when talking personal finance if income isn’t know. Someone earning six figures can spend as much as someone earning 50k and still have plenty left over for savings and be happy.

]]> By: Frog of Finance http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19642 Frog of Finance Thu, 05 Feb 2009 15:37:14 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19642 Hear hear! You have to strike a balance that works for you. Although I do save and invest a lot, I've recently spent $800 in equipment for a new hobby. And I don't feel guilty at all -- it's my money, after all. Hear hear!

You have to strike a balance that works for you. Although I do save and invest a lot, I’ve recently spent $800 in equipment for a new hobby.

And I don’t feel guilty at all — it’s my money, after all.

]]> By: Julie http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19640 Julie Thu, 05 Feb 2009 14:40:53 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19640 Food.. I love fresh fruits and veggies. I never regret spending money on good food. Food.. I love fresh fruits and veggies. I never regret spending money on good food.

]]> By: Mintycake http://blog.canadian-dream-free-at-45.com/2009/02/05/my-way/comment-page-1/#comment-19639 Mintycake Thu, 05 Feb 2009 14:17:29 +0000 http://blog.canadian-dream-free-at-45.com/?p=621#comment-19639 Travel. My husband and I are pretty frugal but travel is the one item we spend a lot of money on (I estimate we spend 12% of our gross pay on it per year). Also, when we travel, although we always hunt for deals, we do stay in nice hotels, eat at nice restaurants, etc. The good thing is when push comes to shove, it's an easy discretionary expense to cut out of our budget, but for now, while we are kid free and both making good money, (and not buying it on credit!) we choose to travel. We also know that when the future kid comes along travel will not be part of the plan for a while so we plan to enjoy it now! Travel. My husband and I are pretty frugal but travel is the one item we spend a lot of money on (I estimate we spend 12% of our gross pay on it per year). Also, when we travel, although we always hunt for deals, we do stay in nice hotels, eat at nice restaurants, etc. The good thing is when push comes to shove, it’s an easy discretionary expense to cut out of our budget, but for now, while we are kid free and both making good money, (and not buying it on credit!) we choose to travel. We also know that when the future kid comes along travel will not be part of the plan for a while so we plan to enjoy it now!

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