Posted
Nov 27 2007, 06:50 PM
by
Karen Datko
Clever Dude is conducting an exercise under the heading " What could you give up when you're in financial trouble? " We think it's an excellent question -- one that more people might have to ask themselves if the economy is heading toward recession . CD acknowledges that "different people have different ideas of what defines necessary ," and we think some of his choices will surprise you. Part One of his post identifies "luxuries," a laundry list including the gym, cable TV, home phone and eating out, for a total monthly savings of $297. Part Two lists "semi-luxuries," with $917 to $1,167 in potential monthly savings. On the chopping block are the Honda Ridgeline ($500 a month for the truck payment and insurance), Internet service, and use of the family pool -- "Well, it certainly is a luxury, but you can’t just not open the pool one year and expect it to be fine," he explains. He'd also reduce the utility and cell-phone bills and defer a student-loan payment. We're looking forward to the
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