Thursday, April 3, 2014

About Budgeting & Personal Finance: How Much Can You Spend on Car Payments?

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From Paula Pant, your Guide to Budgeting & Personal Finance

Is it possible to cut $1,000 out of your monthly budget?

Brian O’Connor, a columnist for the Detroit News, published a book about his 10-week long quest to trim his budget by $1,000 per month. He vowed to slash $1,000 from his spending every month by cutting $100 from each of his family’s 10 biggest spending categories.

How did he do? Find out below.

Book Synopsis: The $1,000 Challenge
One family pledged to save $1,000 per year, in the form of trimming $100 from the 10 "categories" in which they spent the most money. Click the title above to find out how they did.
Search Related Topics:  book review  books about money  finance books

How Much Can You Spend on Car Payments?
How much money should you budget for car payments? I'd challenge that question. Rather than asking, "What's the maximum I can pay each month?," I'd recommend that you ask, "What's the bare-minimum that I need to finance, just to have basic mobility?" Then save up to make a cash purchase. Read more

Avoid These Missteps to Keep Your Budget On-Track
C'mon, be honest: When you read advice about responsible financial planning, do you ever get the urge to pull that all-too-human stunt where you wind up doing something, just because you're not supposed to? If so, then you'll enjoy this post about moves you shouldn't make. Read more

Should You Adjust for Inflation When You're Planning a Retirement Budget?
Here's a vexing problem: Retirement is decades away, which means inflation will erode the value of current dollars. How can you adjust for this when you're planning for retirement? Read more to find out.


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This newsletter is written by:
Paula Pant
Budgeting & Personal Finance Guide
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