Spending Cleanse 2013

So it has come to this.

June Goals

1. No one needs any clothes. We just don’t. We’re good.
2. Tchotcke, extra “stuff” purchases of any kind are a no-no.
3. I will get my internet bill down. Oh yes. . . I will.
4. Entertainment purchases/expenses for this month are completely banned.
5. Eating out is also completely banned with a couple very slight, pre-planned outings.
6. The purchasing of extra, unneccessary and always unhealthy foodstuffs at the grocery store are also against the code.
7. Lowe’s & Home Depot trips: grounded.
8. No Chinese for me.

Can we talk about what I’ve learned through all this? Again?

-I’ve learned that shopping was actually a hobby for me. And I missed it when I first cut myself off. And on that note,

-I’ve learned that in my attempt to completely organize and declutter my house, coupled with curbing excessive spending, is that my past need to purchase and collect “stuff” is absolutely counterproductive to organizing a home. Not purchasing “stuff” and keeping a home organized are 100% connected. Read more of this fantastic post at (Read More….)

Overloaded with Debt and No Jobs to Be Had

By MN Gordon Economic Prism

The Federal Open Market Committee met on Tuesday and Wednesday.  The masses waited with anticipation.  What did they talk about?

Generally, they talked about price controls.  More exactly, they talked about controlling the price of the economy’s most important and fundamental element…its money.  By controlling the price of money they can influence the price of every single good and service there is.

Some believe this is for the good of the people.  That it will somehow boost consumption and stimulate demand.  That it will create a new hiring boom.  We have our reservations.

When it comes to the Fed, they believe – or at least pretend to believe – that with just the right policy mix the economy will be restored to glory.  But what’s the right mix…and how can a handful of bureaucrats with a handful of charts ever know what it is?

After several days of belaboring (Read More….)

The Less-Than-Glamourous Costs Of A Medical Education

MDs will continue to be perceived as a well-paid group. Even “underpaid” general practitioners are very likely to be envied for their income by people outside the medical professional. This image will apply, to some extent, only to those who establish themselves as MDs. Students who do not complete all MD education requirements will be saddled with tremendous debt, typically without correspondingly high income. The image of the wealthy MD will remain with some merit, but it will gloss over very real and significant costs and risks for existing, and especially prospective MDs.

Implicit Costs

Medical doctors need to commit at least seven years, maybe as much as ten or eleven, to hefty student loans and low pay during schooling. Assuming an average salary of $45,000 for at least seven years for an undergrad who forgoes med school, an MD’s wealth is implicitly $45,000 x 7 = $315,000 in the red when starting out.

Supply and Demand

The BLS estimates physician demand to rise significantly faster than average through 2020, with especially strong job (Read More….)

Future Shock And Our Jobs . . .

Authored By Dave Webb

In the printing business, we had an over scale position($5 a day over scale in the 1950s). That is equivalent in today’s currency to $50 a day over scale. No one ever made $50 a day over scale while I was there. Instead the money disappeared as our business changed.

Marking up advertising from sales people’s layouts was a kind of mechanical engineering. My mentor in this part of the trade was a man who knew his type so well, he could give it the proper markup in his sleep. He could literally visualize what it would look like as a finished product.

This was hot type. It was done on linotype machines. If he made an error it cost the company money to get it right. That was why very few printers ever became markup men in advertising.

Because this man was my friend, he went out on a limb and taught me that part of the trade the right way. Most apprentices did not learn it well enough to become markup men.

Later on, the business changed again and again, and each time the skill level to do this markup was reduced. Eventually we built ads on lcd monitors (Read More….)

Livin in a Buyers Paradise: Use the Recession to Your Advantage When Car Shopping

From homes to property to electronics we’ve all heard it before; today’s market is a buyer’s paradise. Automobile sales are one of the ways buyers are benefiting the most, as more people are selling than buying in the current recession. Sellers are willing to go lower to make a sale, which is what every buyer wants. With manufacturer deals, private seller desperation, low interest rates and options for people with bad credit, there are many advantages to a down economy. Whether you’re in the market for a family van, an off road or luxury vehicle or a sedan for making your daily commute, there are bargains on all makes and models right now. How can you take advantage?

More for Your Trade-In

Because less people are buying cars, more people are holding on to their older vehicles. Now with leasing options available for as low as $99 per month there are even fewer people selling and exchanging their vehicles to used-car lots. But this fact means if you are looking to trade in your old vehicle for something new, you are going to get more (Read More….)

Spelling Out In Simple Terms- WHAT IS WRONG

Authored By Dave Webb

The future is controlled by economics. So has the past been controlled by economics. In theory, money represents commodities. And commodities are what controls everything we know.

The current economic situation is controlled by how much it costs you and me to buy commodities. The price of basics determine how well we all live.

Transportation:

How much does it cost you to own your car?

Do you have a lease or car payment?

How much does it cost to maintain the car?

How much does it cost to fill the tank and how long does it last you?

What do you pay per month for insurance?

What do you set aside for emergency repairs?

Groceries:

Do you plan for food? When I was in service I never gave it a second thought. (Older married men wanted a refrigerator and bought their own food.)

Do you plan to eat out occasionally and how much do you set aside for that?

Place to live:

Most of us start out renting. Is it possible to own a house?

Pay your (Read More….)

An Interview with a Career Welfare Vampire!

Authored By Dave Webb

I heard you turned down a full time job with good benefits, is that true?

Yes!

Why?

If I had taken that job, I would have to take a big loss in my income per year.

How you figure that?

If I am under a certain income level, I qualify for Medicaid for me and my children. That insurance would cost me a lot of money otherwise.

If I am under a certain income level, I qualify for help with my utility bills.

I qualify for $350 a month in food stamps.

There are other benefits too. I am home a lot with my children while they are growing up.

I figure if I took that job, I would be down something like $1,000 in real income a month.

So if I took that job, I would not only not be home with my children, I would no longer qualify for any of these government benefits. I would have to make $35,000 a year to break even by working.

If I am working, I am paying taxes on that money. We all work for what we bring home, not what we make on paper. So if I (Read More….)

Should You Tap Your Home Equity?

If you have been thinking about applying for a home equity loan or line of credit and are not sure whether you should do so or not, then you should definitely take the time to think about the risks of tapping into the equity in your home before making a decision.

Home Equity Loans Can Help You Cover Unexpected Expenses

If you have been hit suddenly with unexpected expenses or an emergency, then you may be thinking about applying for a home equity loan to cover unexpected expenses. Many homeowners in similar situations tap into the equity of their home when they need extra money to pay for expenses. While applying for a home equity loan in this type of situation is not ideal, experts indicate that it is better to tap into equity to cover expenses and unforeseen emergencies than to tap into the equity of a home to pay for vacations and frivolous items.

Home Equity Loans Can be Used to Increase The Value of a Home

In addition to (Read More….)