Comments on: A different type of budget http://www.thefinancialblogger.com/a-different-type-of-budget/ This is where your finance takes place Fri, 29 Aug 2008 09:02:56 +0000 http://wordpress.org/?v=2.6.1 By: The Financial Blogger | No Need For A Budget – Use The Cost Of Living Approach http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-2123 The Financial Blogger | No Need For A Budget – Use The Cost Of Living Approach Wed, 26 Mar 2008 00:50:34 +0000 http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-2123 [...] to your income or if your savings rate is not high enough, then it would be useful to make a full budget. The cost of living is definitely a quick way to see if you are on the right track with your [...] [...] to your income or if your savings rate is not high enough, then it would be useful to make a full budget. The cost of living is definitely a quick way to see if you are on the right track with your [...]

]]> By: Carnivals in the Air… do I smell a festival approaching? | I've Paid For This Twice Already... http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1136 Carnivals in the Air… do I smell a festival approaching? | I've Paid For This Twice Already... Mon, 05 Nov 2007 16:59:48 +0000 http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1136 [...] Financial Blogger: A Different Type of Budget. Everyone has a different situation and what tools we use to understand our own is really [...] [...] Financial Blogger: A Different Type of Budget. Everyone has a different situation and what tools we use to understand our own is really [...]

]]> By: Carnival of Debt Reduction #112 - Making Progress Edition | Cash Money Life http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1131 Carnival of Debt Reduction #112 - Making Progress Edition | Cash Money Life Mon, 05 Nov 2007 11:55:30 +0000 http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1131 [...] from The Financial Blogger presents A different type of budget. He writes: “I present the way I am making my budget. Since the world of personal finance is [...] [...] from The Financial Blogger presents A different type of budget. He writes: “I present the way I am making my budget. Since the world of personal finance is [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1051 The Financial Blogger Sat, 27 Oct 2007 07:20:26 +0000 http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1051 Hi MJ, in fact, I operate everything from a HELOC. Which inccurs that I determine what is the payment to be made. I used to make big payment on my HELOC and therefore, had $600 left to invest per month. I decided to reduce my monthly payment in order to fit my budget. Therefore, my interest charges remaining the same, the capital portion (investment in the case of a smith man) has to be lowered. I know it is not the perfect scenario because I am reducing my investment amount, but I prefer to keep up with my lifestyle and enjoy life instead of cutting off my expenses. I am basically going back to a 25 amortization payment instead of 20 per say. I hope that I answered back your question ;-) Hi MJ,

in fact, I operate everything from a HELOC. Which inccurs that I determine what is the payment to be made. I used to make big payment on my HELOC and therefore, had $600 left to invest per month. I decided to reduce my monthly payment in order to fit my budget. Therefore, my interest charges remaining the same, the capital portion (investment in the case of a smith man) has to be lowered. I know it is not the perfect scenario because I am reducing my investment amount, but I prefer to keep up with my lifestyle and enjoy life instead of cutting off my expenses. I am basically going back to a 25 amortization payment instead of 20 per say. I hope that I answered back your question ;-)

]]> By: mj http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1038 mj Fri, 26 Oct 2007 16:51:18 +0000 http://www.thefinancialblogger.com/a-different-type-of-budget/#comment-1038 Hi TFB, I enjoy your blog, and find your take on various things financial interesting. One thing that confuses me is that you've referred to your smith man. payment as part of your monthly budget. In other blogs, you've mentioned reducing your smith man. pmt due to the cash crunch of mat leave. In the true operation of the smith man., the 'payment' should be a redeployment of the principal paid down by your mortgage payment. Ie, if your $1000 mortgage payment reduced your mortage principal from $100,000 to $99,500, you would reborrow the $500 and invest it, creating a small, but growing, investment loan. I know you get the concept, but I don't understand why you refer to this within your budget, or would reduce this amount, as it shouldn't affect your cashflow... Hi TFB, I enjoy your blog, and find your take on various things financial interesting. One thing that confuses me is that you’ve referred to your smith man. payment as part of your monthly budget. In other blogs, you’ve mentioned reducing your smith man. pmt due to the cash crunch of mat leave.
In the true operation of the smith man., the ‘payment’ should be a redeployment of the principal paid down by your mortgage payment. Ie, if your $1000 mortgage payment reduced your mortage principal from $100,000 to $99,500, you would reborrow the $500 and invest it, creating a small, but growing, investment loan. I know you get the concept, but I don’t understand why you refer to this within your budget, or would reduce this amount, as it shouldn’t affect your cashflow…

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