Comments on: Is Your Financial Stash Keeping You Poor?

By: Paul @ FiscalGeek

Paul @ FiscalGeek — Fri, 07 Aug 2009 16:22:30 +0000

Awesome Neal, and I’m with Bob, some sacrifice now is worth it for the end game. It’s the very indulgences or “stash” that got so many of us in the straits we may now be in. My stash was “hobbies, plural” I love hobbies, and it seemed the more expensive the better. I know find my hobbies in the form of free activities or enjoying all of the “stuff” that i’ve already acquired.

By: ChristianPF

ChristianPF — Fri, 07 Aug 2009 16:12:41 +0000

great article Neal – you’ve got me thinking now… When I started working my way out of debt there were lots of things i had to give up – I pushed a lot to the side – in order to be able to have it later – in greater measures. I think this is very important for people to remember when “giving up their stash”

By: Neal@wealthpilgrim.com

Neal@wealthpilgrim.com — Wed, 05 Aug 2009 05:50:23 +0000

Miranda/Kreestee,

Thanks for your honesty….the first step that is the gateway to freedom.

Nice work!

By: Kreestee

Kreestee — Tue, 04 Aug 2009 20:07:01 +0000

Tim Horton’s coffee. While it’s cheaper than Starbucks, it’s still running me a pretty penny every day to the tune of $1.50/cup, more if I’m running behind and add a bagel to my order ($.85) Plus, my husband and I stop there for our weekend pick-me-up. I figure it’s running me close to $75/month. I could do some serious damage to my existing debt with that.

My compromise? I set aside $20 for spending a week – PERIOD. I used to have a spending amount *and* threw money away on coffee. I can choose to blow it all on Tim Hortons or to go to lunch with a friend or to save for a haircut.

By: Miranda

Miranda — Tue, 04 Aug 2009 17:06:34 +0000

I love travel. However, since we decided a yard was the priority this year, we had to curtail our travel. The other stash my husband and I have is eating out. But, since we go to lunch and try to limit it to once a week, it hasn’t become a problem. You are right that we need to reconsider what we hold “sacred”, and decide whether those things really are more important than establishing financial freedom.