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Living In Financial Excellence Episode 17: Things to avoid buying new (Part 2) Plus things to avoid buying used, July 28, 2010.
There are just some things you are better off buying used, and we covered some of them last week. We finish the discussion today. Most of us make excuses to buy things new instead of used but we poke some holes in those excuses in this episode. Buying used in many cases provides you with like new or near new items at a fraction of the cost of buying new, plus you don’t take the hit on depreciation as the item loses value.
On the other side of the coin there are things you should never buy used and we discuss them today as well. Some of these are for safety reasons, some for health reasons, and some just don’t make sense to spend the money because new is nearly as cheap and are better quality.
Show notes:
- We did a lot of the research for this show on wise bread, a top-rated personal finance blog. As with everything you need to do your research and don’t take everything you read for granted, but there is some good info on their site.
- Special thanks to Brad Dassey of affordableradiovoiceover.com who created some professional intro and outro liners for a very low price. He did a super job and we recommend him to anyone who needs some professional recording done.
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Yet another great book for helping you become debt free and stay that way. In fact, I recommend Debt Free Living by Larry Burkett as a great book to start with in your journey to Living In Financial Excellence!
You can find Debt Free Living and other great financial books recommended by Matt [...]
This week?s money saving tip:? Eat before you go to the movie theater, so you don’t spend money on expensive treats.
Find more money saving tips at financialexcellence.net.
Click here to subscribe or leave a review on iTunes for Living In Financial Excellence
Living In Financial Excellence Episode 17: Things to avoid buying new, July 21, 2010.
There are just some things you are better off buying used, and we cover them today. Most of us make excuses to buy things new instead of used but we poke some holes in those excuses in this episode. Buying used in many cases provides you with like new or near new items at a fraction of the cost of buying new, plus you don’t take the hit on depreciation as the item loses value.
Show notes:
- Special thanks to Brad Dassey of affordableradiovoiceover.com who created some professional intro and outro liners for a very low price. He did a super job and we recommend him to anyone who needs some professional recording done.
- During a seminar at a weekend retreat at Camp LuWiSoMo, Matt was asked about nerds and free spirits in a marriage. read more
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Written by Matt Wegner, Founder and Lead Counselor, Matt Wegner Financial Coaching, www.financialexcellence.net.
Pay yourself first
In part one of this two part article I talked about the theoretical part of paying yourself first. Planning our the month’s income and expenses to spend every dollar on paper before the month begins, making sure [...]
Written by Matt Wegner, Founder and Lead Counselor, Matt Wegner Financial Coaching, www.financialexcellence.net.
Pay yourself first
There are hundreds, if not thousands of financial gurus out there, all spewing the same advice: live on less than you make, pay down debt, avoid credit, invest early and often, etc. It begins to sound like a broken record with them all saying the same stuff. But what I’ve begun to see is that many Americans are tuning the broken record out. The reason: too much noise and not enough valuable content. Everybody is saying what you should do but nobody is saying how to do it.
A prime example is the concept of paying yourself first. That phrase (or dare I say buzzword) has been uttered so many times over the last 20 years that people have become sick of hearing it. And whenever I mention paying yourself first in a coaching session with my clients, their eyes start rolling and their faces show an unmistakable look of disgust. When I press the issue I find that they have heard the term so much that they’ve tuned it out because they don’t really know how to pay themselves first and actually make it work in real life. read more
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Living In Financial Excellence Episode 14: Best times to buy Stuff and get deep discounts, How much Blow Money you should have in your budget. June 30, 2010.
When is the best time to buy appliances? Airline tickets? Groceries? Today we discuss the best times to buy all kinds of “stuff.” There are off season discounts for a lot of stuff, but sometimes the best time to buy something comes down to the time of day you purchase the item.
Show notes:
- Thanks to all our listeners out there who have given us so much positive feedback on the show, including our friend James Dibben with the Blue Collar Business podcast at bcrn.tv.
- Listener Megen asks a question about the blow money category in the monthly spending plan (budget) and how much we have in our family. read more
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This week?s money saving tip: Bring a lunch to work.? It costs $3 a day or less to bring food from home vs. $6 a day or more for takeout.
Find more money saving tips at financialexcellence.net.
Myth: Extended warranties and service contracts save you maintenance costs over time. Truth: Extended warranties and service contracts make the salesman a lot of money, and rarely pay off for you. [...]
This week’s money saving tip:? Although you can save money by bundling phone, cable and internet.? You can save more by forgoing one or more.? For instance, cutting out cable can save more than the discount saves you when you bundle all three.? It also allows the family to spend more quality time together.
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