Comments on: Ten Great Bits of Financial Advice

By: Michelle Boudreau

Michelle Boudreau — Mon, 12 Oct 2009 17:36:51 +0000

I like your post. No matter what amount of debt a person has, willingness to retire is the first step

By: Carnival of Personal Finance #152 — Money Under 30

Carnival of Personal Finance #152 — Money Under 30 — Mon, 12 May 2008 13:42:09 +0000

[...] Christman from Saving Advice Blog presents ten great bits of financial advice, and from American Consumer News points out that with the increase in electronic payments, [...]

By: Fzip11

Fzip11 — Wed, 07 May 2008 22:27:44 +0000

All these point are so very important if you are going to achieve financial independence in life. I am a big beleiver in Make as much, save as much and give as much as you can. The last part is especially important. The more that we are able to give the more that helps others and it helps those who are giving. So give to a charity. Pay your tithing contribute something back to society it will payoff in the end.

By: Joe @ SimpleDebtFreeFinance

Joe @ SimpleDebtFreeFinance — Wed, 07 May 2008 16:59:43 +0000

Shannon,

A fine list indeed!

Of course, we can debate some of them… I agree with the comment about “A penny saved…” I’d rather save AND earn more

As for name brands being better than generics, I think it depends. Name brand clothing is certainly made better and lasts longer (just don’t pay full price for it), but many generic groceries are indistinguishable from the name brands.

And one more thing -Avoiding debt is HUGE! Getting out of debt was the biggest positive financial move I ever made. I have an emergency fund and sleep great at night! It may be the only financial advice your dad gave, but it’s huge.

By: anonymous

anonymous — Wed, 07 May 2008 01:11:56 +0000

“A penny earned is better than a penny saved”

Too many people use this as a justification for living frugally without increasing their top line. It isn’t an either/or proposition. A penny earned and saved plus the other penny saved, is better than just a penny saved.

By: A Marino

A Marino — Tue, 06 May 2008 15:02:02 +0000

I have heard all of the comments and tips that you listed and they bear repeating. One of my favorite is “a penny saved is better than a penny earned”. Unfortunately, most people can’t really grasp that concept.

I think that it not only applies to not spending and saving your money to finding items that are on sale. You can also use a coupon for the item on sale and refund yourself the money to be placed in a savings account. There are varios ways of saving.

Some people say that they can’t save, but there are a myriad of ways that one can save if you’re on a budget or a spending plan.

The main excuse for most people which I heard the other night is that they don’t have the time. They have the same 24 hours in a day that I have. It just depends on how you want to use your time.

By: devon

devon — Tue, 06 May 2008 08:20:44 +0000

I’m not a big fan of buying non brand products. The truth is that brand products are better made and last longer. When you end up buying non brand, you usually end up buying the same thing many times over.