Comments on: Frugal Tips from a Reader: How to manage family finance with one income http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/ This is where your finance takes place Mon, 01 Dec 2008 20:24:42 +0000 http://wordpress.org/?v=abc By: Festival Of Frugality #92 - Ideas For Saving Money And Increasing Your Income http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-509 Festival Of Frugality #92 - Ideas For Saving Money And Increasing Your Income Tue, 18 Sep 2007 12:35:28 +0000 http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-509 [...] The Financial Blogger writes about managing family finance while living on one income. [...] [...] The Financial Blogger writes about managing family finance while living on one income. [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-465 The Financial Blogger Wed, 12 Sep 2007 11:51:58 +0000 http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-465 Brip Blap, I like your suggestion about paying your credit card balance every month. With such method, you are sure to never over spend. However, I would suggest you keep 2 or 3 credit cards even if you don't use the others. These extra credit cards won't serve to spend more money or to earn points but to improve your credit score. I am preparing a series on how to improve your credit score and the optimal amount of credit cards will be one of the topic. Brip Blap,
I like your suggestion about paying your credit card balance every month. With such method, you are sure to never over spend. However, I would suggest you keep 2 or 3 credit cards even if you don’t use the others. These extra credit cards won’t serve to spend more money or to earn points but to improve your credit score. I am preparing a series on how to improve your credit score and the optimal amount of credit cards will be one of the topic.

]]> By: Brip Blap http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-464 Brip Blap Wed, 12 Sep 2007 11:06:17 +0000 http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-464 All good suggestions! Another good way to keep track of your money is to eliminate all of your credit cards but one, consolidate all of your bank accounts into one and minimize your investment/retirement accounts as much as possible. My wife and I keep one credit card for all of our expenses and pay it off 100% each month. That way, we have a very detailed list of expenses for everything we spent. I use it for everything, all the way down to a $.50 cup of coffee in the morning. I don't use Money or Quicken, just a spreadsheet downloaded from American Express (I have an Amex Blue card). Living below your means, with no debt, is key! All good suggestions! Another good way to keep track of your money is to eliminate all of your credit cards but one, consolidate all of your bank accounts into one and minimize your investment/retirement accounts as much as possible.

My wife and I keep one credit card for all of our expenses and pay it off 100% each month. That way, we have a very detailed list of expenses for everything we spent. I use it for everything, all the way down to a $.50 cup of coffee in the morning. I don’t use Money or Quicken, just a spreadsheet downloaded from American Express (I have an Amex Blue card).

Living below your means, with no debt, is key!

]]> By: The Financial Blogger http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-462 The Financial Blogger Wed, 12 Sep 2007 02:15:47 +0000 http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-462 Damn! My French roots are betraying me... again! LOL! Gates, the thing I like about Money is that it creates report as well. I was shocked to find out how much I wasted in restaurant over the past 6 months...Now I try to modify some of my spending habits! Damn! My French roots are betraying me… again! LOL!
Gates, the thing I like about Money is that it creates report as well. I was shocked to find out how much I wasted in restaurant over the past 6 months…Now I try to modify some of my spending habits!

]]> By: Gates VP http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-460 Gates VP Tue, 11 Sep 2007 17:04:47 +0000 http://www.thefinancialblogger.com/frugal-tips-from-a-reader-how-to-manage-family-finance-with-one-income/#comment-460 Eh, FB, francophone? 2 virgule 5 pourcent :) Another piece of software that's coming along for Financial planning is Wesabe. I'm not a big fan, but some people love it. I know that <a href="http://www.mint.com/" rel="nofollow">Mint</a> is working on something similar. Personally, I'm of the opinion that Quicken and Money are basically overblown in terms of being "cash managers". The whole "expense tracking" thing can definitely be done inside a web browser, though I'd also like to see a freeware version of a Quicken competitor. Eh, FB, francophone? 2 virgule 5 pourcent :)

Another piece of software that’s coming along for Financial planning is Wesabe. I’m not a big fan, but some people love it. I know that Mint is working on something similar.

Personally, I’m of the opinion that Quicken and Money are basically overblown in terms of being “cash managers”. The whole “expense tracking” thing can definitely be done inside a web browser, though I’d also like to see a freeware version of a Quicken competitor.

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