Comments on: links for 2007-05-02 http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Sat, 25 May 2013 17:04:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: icup http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/comment-page-1/#comment-85223 icup Fri, 04 May 2007 02:05:00 +0000 http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/#comment-85223 "The slight problem with the last strategy (thinking of purchases in terms of hours worked) is that it doesn’t even take into consideration taxes." The real problem is, my "work", like many office workers, basically boils down to sitting in a room all day thinking really hard about stuff. Its not like i'm out there digging ditches or something, which is where that tactic would really pay off (How many feet of ditches would I have to dig to afford that plasma tv?). Right now I just think "All I have to do is sit in my office for one day day, half the time surfing the internet anyway, to buy that wii? ...coolletsdoit!!". “The slight problem with the last strategy (thinking of purchases in terms of hours worked) is that it doesn’t even take into consideration taxes.”
The real problem is, my “work”, like many office workers, basically boils down to sitting in a room all day thinking really hard about stuff. Its not like i’m out there digging ditches or something, which is where that tactic would really pay off (How many feet of ditches would I have to dig to afford that plasma tv?). Right now I just think “All I have to do is sit in my office for one day day, half the time surfing the internet anyway, to buy that wii? …coolletsdoit!!”.

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]]> By: Daisy http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/comment-page-1/#comment-85122 Daisy Wed, 02 May 2007 19:35:11 +0000 http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/#comment-85122 I'm a member of Weight Watchers (haze away, down 17 lbs since December), and we do this with food too. My membership is about $10/week, and I always add $10 to something I want in a restaurant versus eating healthfully at home. It has to be REALLY good to warrant another $10 and a meeting for me. I’m a member of Weight Watchers (haze away, down 17 lbs since December), and we do this with food too. My membership is about $10/week, and I always add $10 to something I want in a restaurant versus eating healthfully at home. It has to be REALLY good to warrant another $10 and a meeting for me.

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]]> By: Julia http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/comment-page-1/#comment-85086 Julia Wed, 02 May 2007 09:35:22 +0000 http://www.getrichslowly.org/blog/2007/05/02/links-for-2007-05-02/#comment-85086 The slight problem with the last strategy (thinking of purchases in terms of hours worked) is that it doesn't even take into consideration taxes. You may work for $10/hour, but you take home even less than that. So for all those hours in the chart, they should actually be even higher, when you consider taxes. Additionally, if you can truly save $10 on a purchase you otherwise would have made, you have saved yourself more than an hour's of worth, because of taxes. (Even more so if you would have had to pay sales tax on that item!) The slight problem with the last strategy (thinking of purchases in terms of hours worked) is that it doesn’t even take into consideration taxes. You may work for $10/hour, but you take home even less than that. So for all those hours in the chart, they should actually be even higher, when you consider taxes.

Additionally, if you can truly save $10 on a purchase you otherwise would have made, you have saved yourself more than an hour’s of worth, because of taxes. (Even more so if you would have had to pay sales tax on that item!)

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