From the ‘Save Money’ Category
Thursday, March 12th, 2009
With investment returns, at best, low and interest rates on homes, 2nd mortgages and even some credit cards at historical lows, should you just go ahead and pay off one or more of your outstanding loans and be done with it?
Unlike most news media and financial pundits, we developed a loan analysis tool which allows you to run two scenarios side-by-side and view the results in an easy-to-read graphical format.
Then we went to town and analyzed a variety of different scenarios. The answer to our question: Maybe.
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Tags: budget, budgets, credit card, credit card debt, debt, family, finance, financial, home, libertiny, line of credit, loan, money, mortgage, personal, save, saving, saving book, Software, spend, spending less, spreadsheet
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Sunday, March 1st, 2009
My wife and I have been tracking our spending for well over a decade now. First using pencil and paper and later with what has become our Simple Family Budget Software which is available here: http://www.libertiny.com/libertinyfinancial3/?p=420
With Detroit on the leading edge of the global recession, we made the decision two years ago to cut our spending by 50%–basically assuming that one of us would lose our job. While this hasn’t happened yet, after two years of effort, we’re now prepared if it does happen.
Here’s how you can expedite what we did…
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Tags: budget, budgets, family, finance, financial, home, libertiny, money, personal, sa, save, saving, saving book, Software, spend, spending less, spreadsheet
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Monday, February 16th, 2009
Each January, my wife and I sit down and review how we did with our budget compared to our actual spending. We use the very same software package that we sell on our website for this purpose. www.LibertinyFinancial.com
During 2008 we targeted 3 key areas to reduce our spending:
1) Entertainment
2) Insurance
3) Groceries
We were successful with significantly reducing our actual spending in all 3 areas during 2008. The details of the first two areas are listed on our website: www.LibertinyFinancial.com
Here’s how you can save over 20% on your grocery bills…
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Tags: budget, budgets, family, finance, financial, food, food store, groceries, grocery, grocery store, investment advisor, libertiny, money, personal, save, saving book, shopping, spend, spending less
Posted in Family Budget, Save Money | 2 Comments »
Sunday, January 11th, 2009
(c) 2009, Libertiny Financial
We just completed analyzing our 2008 family spending vs. budget. Although our budget for 2008 was lower than 2007, we actually came in under our budget by $2,000.
The challenge is on for 2009 to find additional savings. Our goal is to reduce our budget by another $5,000 for 2009 when compared to 2008.
One area that has steadily increased since 2006 is the cost for home owners and auto insurance. I focused on reducing both for 2009.
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Tags: auto insurance, budget, budgets, family, finance, financial, home, home insurance, insurance, investment advisor, libertiny, money, personal, save, saving book, spend, spending less
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Wednesday, December 31st, 2008
(c)2008, Libertiny Financial
During Christmas my young nephew and I teamed up to challenge his father in my nephew’s first game of Monopoly. This is one of my all time favorite board games and I was looking forward to introducing my nephew how to strategically crush his future opponents from a financial perspective.
After briefing him on the basics, I selected a strategy for us that was in complete opposition to the way our family plans our own budget in real life:Â During the game, we were going to be highly leveraged kings, the likes of which only the CEO of Merrill Lynch, George Bush, Ben Bernanke and Hank Paulson can dream of in real life.
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Tags: audio, ben bernanke, books, budget, budgets, calculator, cash flow, cd, children, family, fiancial advisor, finance, financial, hank paulson, home, investment advisor, kid, kids, libertiny, merrill lynch, money, monopoly, monopoly game, personal, save, saving book, Software, spend, spending less, spreadsheet
Posted in Family Budget, Investing, Save Money | No Comments »
