Browse by Tags

All Tags » financial planning   (RSS)
Impact of how you calculate returns
Previously, I'd posted about my 2045 retirement plan to have $4 million in funds. A few days after I made the post, I realized that the way I calculated my deposits and returns accounted for only yearly deposits, and also returns only once a year. In Read More...
Posted 11 October 06 01:13 by spender | (Comments Off)   
Filed under ,
Reasoning vs. justification
When you are looking to making an important financial decision, one important thing to do is to separate reasoning from justification. For instance, with us looking to buy a house, some of the justifications include: Owning something Building equity and Read More...
Posted 03 October 06 02:16 by spender | 2 Comments   
Filed under
Revised my 2045 retirement goals
The other day, I sat down and was doing some calculations as far as realistic retirement goals. As a part of that, I was using JLP 's retirement savings calculator . Using the calculator, I figure I am about 40 years away from retirement, and planning Read More...
Posted 30 September 06 10:53 by spender | 9 Comments   
Filed under , ,
Discrepancy between different mortgage calculators?
Of course when someone first starts thinking about buying a house, the first thing they ask is "how much can I afford?" Very reasonable question. Good thing to know before you go out shopping. The problem is that different banks/lenders calculate Read More...
Posted 19 September 06 12:34 by spender | (Comments Off)   
Filed under , ,
To buy or not to buy
So here is my latest dilemma. As I had mentioned in the past , my wife and I have really been wanting to buy a house. We've been leaning on the side of caution and keep putting it off (though not necessarily without reason). Though recently I've Read More...
Posted 17 September 06 06:17 by spender | 2 Comments   
Filed under , , ,
YNAB and the available income "buffer"
A short while ago, I got the YNAB (You Need A Budget) budgeting system, though have yet to actually put it into practice. Overall, it looks like a very good system. I was mainly after a budget that carries over from month to money (ie, if I go over/under Read More...
Posted 31 August 06 04:55 by spender | 1 Comments   
Filed under ,
Our Savings Goals
While my wife was recently unemployed for two months, we realized that we'd been going after things with the wrong attitude. Our focus this year had been so focused on reduce debt so that we could buy a house. That was our objective. We've wanted Read More...
Posted 28 August 06 10:47 by spender | 3 Comments   
Filed under , , ,
Our Story
As I had mentioned in my first post, both my wife and I have managed to get ourselves into a decent amount of debt over the years. As of now, I have a total of $17,218.16 in outstanding credit card debt. This down from $19,187.64 at the beginning of the Read More...
Posted 28 August 06 06:40 by spender | (Comments Off)   
Filed under , ,
Introduction
This would be my obligatory first post. Here you will be able to find my thoughts and progress as I work my way to financial independence. The name "Spending Less" comes from the idea of spending less than you earn. It is a very simple idea, Read More...
Posted 25 August 06 05:12 by spender | (Comments Off)   
Filed under , ,