Budget Planning Archives

A Spending Plan

Written by Gary Foreman

The Dollar Stretcher Blog

Cash in handDear Dollar Stretcher,

From the total salary what percentage is ideal to spend for various needs, and how much to be saved for future?

Dee

It’s a question that we all must answer. Even if some of us would prefer to ignore it! Because, with rare exceptions, we all have to deal with having just so much money to cover all our expenses. And, if we spend more than we take in for very long we get into trouble.

Let’s look at a “typical” spending plan. Then we’ll discuss it.

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dream vs realityWritten by Gary Foreman

“Never make predictions, especially about the future.” – Casey Stengel

For years Casey Stengel managed in baseball’s big leagues. Some of his quotes are legendary. But, given our current economy, I’d have to take exception to his advice. At least as it applies to our personal finances.

Let’s look at some current information. Unemployment is at 9.8%. Nearly double what it was at the beginning of 2009. Hiring remains anemic.

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Written by Gary Foreman

 Are you among those who enjoy costume parties? Seems like a lot of us do. Not only are they a staple at Halloween-time, but you’ll find various theme dress parties throughout the year.

 Ever wonder why that is? I think that I have an idea (not that it’s terribly unique). For a few hours we get to be someone that we’d like to be, but are not in real life. You can be that swashbuckling pirate or the beautiful movie starlett. I get to be the daring race car driver!

 It’s a lot of fun. It’s an accepted way for adults to play let’s pretend without being embarrassed.

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