Welcome to How I Save Money visits ! This will be a regular weekly posting of an article that I thought was interesting in some way. Here are my favorite articles from the members of the Wealth, Money & Life Network from the last week.
Living off Dividends just Made over $2750 in Passive Income and this is truly inspiring to me.
Dollar Frugal talks about Eating Healthy vs. Eating Cheap . This is an issue that faces anyone who is trying to find ways to save money but still keep nutritious meals on the table so it is interesting to see how this plays out.
Dividends 4 Life talks about women coloring their hair and ties it in to raising dividends in a fun way.
Over at the LocoMono , Mark talks about leasing a new car . Hmmmmm. I guess I will have to investigate further to see why the decision was made to lease new rather than buy old.
The Saving Diva just put up her May Spending report which reminds me that I need to get started on my monthly update for all those who are dying to know about my spending and income for the month.
Here at How I Save Money, I spoke about changing the way I save money in ING because I realized that I was actually hurting myself and losing interest.
Aye, there is a lot of arguments for the lease versus buy, new versus old. I will be writing more about this soon but in the end, it came down to two things, peace of mind (I have a 60K mile warrenty so I don’t have to worry about extra cost of maintenance, just basic replacements such as brakes, oil changes), and time.
If after 3 years, I end up in a better financial shape than I expect to be, at the least, I have 3 years worth of steady payments, no debt, and cars may be more efficient by then. Then all I have to do is turn the car in and walk away to a new car.
It is really a tough decision to make because if you buy used, you still end up dealing with repair costs out of your own pocket so money-wise, it all still comes down to the same amount. But it really all depends on your driving habits.
Thanks for the extra info Mark, and I guess I will have to hop over to your site to read the in depth discussion of it all.
Aaaah, way to wheel me in to visit your site more often 🙂
Thanks for the link! I am excited, this is the first link to one of my Sunday teases. Most of the time they just confuse people. 🙂
Best Wishes,
D4L
One thing you have to learn… you have to move to passive income to really make money. Passive investing, passive income, and multiplying your time. At a job, you can never earn more per hour then the time you put in. This is a lesson I learned and have embraced.
Look at the success stories and draw inspiration, find out your deficiencies, then find out what you need to do to overcome them.
Best wishes,
Dax
@ dividends:
Yes I was wondering what happened when I saw you were talking about coloring hair…then I got it. 🙂