Comments on: Extreme Financial Management: Why Budgets Suck http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/ Come for the words, stay for the...HEY! Come back! Tue, 20 Dec 2011 04:04:01 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Scott Morse http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/comment-page-1/#comment-96298 Scott Morse Tue, 13 Apr 2010 14:20:51 +0000 http://www.mcmains.net/?p=958#comment-96298 @Duane -- "one thing we’ve found handy is something called a 'freedom account' (call it whatever you like)." Yes, we use this, we call it the 'rip-off account.' Creates a sense of liberty when ripped off, emotionally as well as financially. @Duane — “one thing we’ve found handy is something called a ‘freedom account’ (call it whatever you like).”

Yes, we use this, we call it the ‘rip-off account.’ Creates a sense of liberty when ripped off, emotionally as well as financially.

]]> By: Scott Morse http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/comment-page-1/#comment-96197 Scott Morse Sun, 11 Apr 2010 12:37:14 +0000 http://www.mcmains.net/?p=958#comment-96197 I learned some helpful things and I enjoyed passing this on to an 18-year-old I know who is wants a better grounding in this area. Thanks for the excellence in composition as well as content. The article is inspiring as I start my own blog site -- it gives me a reference idea of where I want the content to go and how I want it to get there. I learned some helpful things and I enjoyed passing this on to an 18-year-old I know who is wants a better grounding in this area.

Thanks for the excellence in composition as well as content. The article is inspiring as I start my own blog site — it gives me a reference idea of where I want the content to go and how I want it to get there.

]]> By: SeanMcTex http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/comment-page-1/#comment-73347 SeanMcTex Thu, 20 Nov 2008 16:48:19 +0000 http://www.mcmains.net/?p=958#comment-73347 @jasony Welcome to my beautiful hypothetical world! :) @duane That's a great idea! We have found that taking oil changes out of the weekly budget does tend to make things rather tight for that week. Spreading that cost out as you describe seems like a great way to mitigate that. Thanks for the tip! @jasony Welcome to my beautiful hypothetical world! :)

@duane That’s a great idea! We have found that taking oil changes out of the weekly budget does tend to make things rather tight for that week. Spreading that cost out as you describe seems like a great way to mitigate that. Thanks for the tip!

]]> By: duane http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/comment-page-1/#comment-73331 duane Thu, 20 Nov 2008 05:43:57 +0000 http://www.mcmains.net/?p=958#comment-73331 great post, sean! one thing we've found handy is something called a "freedom account" (call it whatever you like). the main idea is that for things like oil changes, haircuts, clothing purchases, etc., that are necessary but not regular, it's sometimes hard to fit that into a weekly plan like yours. so instead, we add up the annual cost of such things, divide by 12 and put that much money each month into an interest bearing checking account (rare these days, but we bank with USAA and make money doing so). then, when the car registration is due, we don't have to skimp on action figures that week because the money is already in the freedom account. as far as time goes, it doesn't cost us much. just the "hassle" of managing two checking accounts. great post, sean! one thing we’ve found handy is something called a “freedom account” (call it whatever you like). the main idea is that for things like oil changes, haircuts, clothing purchases, etc., that are necessary but not regular, it’s sometimes hard to fit that into a weekly plan like yours. so instead, we add up the annual cost of such things, divide by 12 and put that much money each month into an interest bearing checking account (rare these days, but we bank with USAA and make money doing so). then, when the car registration is due, we don’t have to skimp on action figures that week because the money is already in the freedom account.

as far as time goes, it doesn’t cost us much. just the “hassle” of managing two checking accounts.

]]> By: jasony http://www.mcmains.net/2008/11/19/extreme-financial-management-why-budgets-suck/comment-page-1/#comment-73328 jasony Thu, 20 Nov 2008 03:40:10 +0000 http://www.mcmains.net/?p=958#comment-73328 Wow, I'm impressed that you were able to find AAPL at only $5/share! Wow, I’m impressed that you were able to find AAPL at only $5/share!

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