Comments on: Sacrificing Money for Mental Capacity

By: Offer in Compromise

Offer in Compromise — Wed, 25 Nov 2009 22:27:26 +0000

You need to consider the cost/benefit. Sometimes it makes sense to spend a little on a product or service that will save you time, make you more money or maintain your sanity. It is not just about dollars and sense all the time.

By: Tax Lawyer

Tax Lawyer — Tue, 24 Nov 2009 01:57:23 +0000

I’ll take sanity over money any day. Sometimes you just have to go to cash and bypass the credits all together. That could be the solution to the problem.

By: Golfing Girl

Golfing Girl — Mon, 23 Nov 2009 15:37:46 +0000

We pay off the credit card weekly or bi-weekly partly so the balance doesn’t get out of control. Quite frankly, when the money runs out, we quit buying things. If we waited until the end of the month we might occasionally go over and not be able to pay in full. Instead, we see that we’ve only got $100 left until payday, so it prompts us to “clean out the pantry” or to hold off on un-necessary purchases. This works because we’ve already “paid ourselves first” by putting our savings aside on payday.

By: Kevin

Kevin — Mon, 23 Nov 2009 15:25:13 +0000

I try to do this as well — unfortunately I still have piles of paper and a full inbox! D’oh!

By: Kevin

Kevin — Mon, 23 Nov 2009 15:20:22 +0000

I try to pay bills as they come in to. I’ll get the email notification from our DSL service, log in, and pay it just so I can delete the email and get it out of my inbox. (Plus the payment is on the credit card, so I won’t have to worry about “paying” it until when that statement is due.)

We don’t go as far as to pay off the credit card weekly — curious as to why you would do it weekly rather than monthly when the bill comes in.

By: Kevin

Kevin — Mon, 23 Nov 2009 15:18:43 +0000

We do something similar some weeks — but instead of pizza it’s cheese, fruit, and wine. Nothing to really prepare, and helps you to relax.

By: Kevin

Kevin — Mon, 23 Nov 2009 15:17:19 +0000

Yea, sometimes it just helps to knock everything out all at once and take a little bit of financial hit for it.

By: Kevin

Kevin — Mon, 23 Nov 2009 15:14:21 +0000

Yea the oil change is something I “outsource” as well. I have the tools to do it, but the knowledge that it is done right plus the risk of getting underneath the car and having it fall on me makes the $25 worth it.

By: Kevin

Kevin — Mon, 23 Nov 2009 15:13:20 +0000

Hahaha a $2,000 insurance premium would be ridiculous. I’d have millions in coverage for that!

I like paying things off as close to the deadline as possible, but that is also why I like automatic payments. Some companies let you just set it up to pay on the due date.

By: JP

JP — Sat, 21 Nov 2009 01:00:21 +0000

I have fibromyalgia with a resultant spotty memory. I try to make it a practice to handle anything only once. A bill comes in, I pay it. A piece of paper crosses my path, I deal with it.

Cuts down on all sorts of clutter, mental and physical!