Comments on: Why You Should Focus on Spending Less Over Earning More

By: Michael

Michael — Fri, 20 Jun 2008 14:24:07 +0000

Both are important, it’s a question of balance. And that isn’t properly addressed in this article, because it varies for everyone. My big problem, should I spend the time to cook at home or should I eat out? If I cooked, I’d save money but lose time (I eat at a cafeteria in the same building where I work, it usually takes me less than 10 minutes to eat lunch or dinner, so don’t tell me I can make lunch and dinner at home and still save time.) So I look forward to the time I can really start saving, but in the mean time I’m going to be eating crappy and expensive cafeteria food.

By: Frugal in the Fruitlands » Carnival Wrap-Up and Site Updates 6/14/08

Frugal in the Fruitlands » Carnival Wrap-Up and Site Updates 6/14/08 — Fri, 13 Jun 2008 20:33:44 +0000

[...] Why You Should Focus On Spending Less Over Earning More at SavingAdvice.com. While you can’t underestimate the power of extra income, I like that Shannon mentions on one of the most compelling reason to focus on spending less: unless we learn to control our spending first, it will just keep pace with our income, leaving us no more available cash at the end of the month. [...]

By: Leanta

Leanta — Thu, 12 Jun 2008 08:21:37 +0000

I think budgeting is very importanct and should be incorporated into life. Just think about the type of lifestyle you want and how much you are willing to spend (or save) to achieve it

By: Festival of Frugality

Festival of Frugality — Wed, 11 Jun 2008 21:03:49 +0000

[...] Saving Advice on Why You Should Focus On Spending Less Over Earning More [...]

By: Stoner

Stoner — Wed, 11 Jun 2008 19:37:18 +0000

Whether, it’s football, or plain life, the only thing we always have control of is spending. Earning is not always within our control, even if one is self-employed.

Besides, this all boils down to learning to live within one’s means. How else are you going to build your fortune? We all know, Rome wasn’t built in a day and neither will your fortune.

So, look for ways to save money. How about that Mocachino, or whatever Starbuck sells. At $4 bucks a pop daily, well, I don’t need to tell you. But there are many other things you can do to save more. For example, you can raise the deductible on your car insurance. Ease up on the accelerator. Don’t race to the red light. Wait for the video of your favourite movie. Cancel subscriptions to magazines that just end up piled in a corner. Turn the thermostat lower in the winter and higher in the summer. Trade in your gas guzzler for a more economical vehicle. While you’re at it, refuse to get suckered into buying the options.

Once you see how much extra money you have saved you will be pleasantly surprised. Start socking your money away at institutions that pay you higher interest. Pay off your debts.

It’s not rocket science.

By: The Happy Rock

The Happy Rock — Wed, 11 Jun 2008 18:28:19 +0000

I think being creative about jobs, career, and income is an often overlooked side of personal finances. A dollar and hour raise is $2,080 a year for as long as you work a job, and that money compounds with any raises. That is huge! I think we do oursleves a disservice by not encouraging each other to really think about honestly and creatively about our careers and income.

By: Alissa

Alissa — Tue, 10 Jun 2008 23:24:41 +0000

Hi there,

I think this is a GREAT post, and I wholeheartedly agree. In fact, I wrote a blog post not long ago along a similar line:

http://onpurposeliving.blogspot.com/2008/05/making-money-vs-saving-money.html

It seems every time I think I ought to go out and earn some money, I realize that it would actually be more effective to trim that money from somewhere in our budget instead.

By: Frugal Babe » Archive » Carnivals and Festivals - Feels Like Summer!

Frugal Babe » Archive » Carnivals and Festivals - Feels Like Summer! — Tue, 10 Jun 2008 21:01:18 +0000

[...] Festival of Frugality is also up today, at Bored Finance. I enjoyed the post about focusing on spending less instead of earning more - that’s been my motto for a long time. When you’re happy living on very little [...]

By: FeedTheFam.com » Blog Archive » Festival of Frugality #129

FeedTheFam.com » Blog Archive » Festival of Frugality #129 — Tue, 10 Jun 2008 16:31:55 +0000

[...] up is Why You Should Focus on Spending Less Over Earning More. Shannon Christman writes here about how saving is really quite easy compared to earning more. [...]

By: Festival of Frugality #129 - Try a Little Harder This Week Edition | Personal Finance Blog by Money Ning

Tue, 10 Jun 2008 12:31:31 +0000

[...] Shannon Christman presents Why You Should Focus on Spending Less Over Earning More. [...]