In article ,
Coffee's For Closers wrote:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better


It depends on what you do with the extra money. If you just blow
every dollar as soon as you get it, on random, wasteful stuff,
then it doesn't help.

There are people making $100k/yr and living paycheque to
paycheque, above their means, and loaded with debt. If they lose
their job, they won't even have next month's mortgage money. They
will be lining up at a food bank within weeks.

Whereas there are people with much lower incomes who have a
healthy emergency fund, zero debt, etc.

Wise words.
--
Peace! Om

Web Albums: http://picasaweb.google.com/OMPOmelet
*Only Irish *coffee provides in a single glass all four *essential food groups: alcohol, caffeine, sugar *and fat. --Alex Levine

"marco polo" wrote in message
...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

I suspect you have limited experience in economic matters.

Please consider these facts:

If you are legal, you earn taxable dollars. One may then have 30-70 cents
to spend after taxes.
Every dollar you save and don't spend is worth 1.30 to 1.70 earned.
Here is a quick example, a breakfast sandwich and drink at MickyD's place is
about $5.
One made at home in less time in less time is about a dollar.
I am 4 after tax dollars ahead so that is six bucks I don't need to earn or
$4 that I can invest.

Very few people can control what they are paid.
Every person can control what they spend.

Now driving 5 miles to save a nickel on a gallon of gas when you tank only
holds 12 gallons is really stupid but the same person who won't save where
it matters does that all the time.


--
Colbyt
Please come visit http://www.househomerepair.com

On Sat, 29 May 2010 18:51:08 -0700, Smitty Two
wrote:

In article ,
"Rod Speed" wrote:

Rod Speed wrote
Smitty Two wrote
Rod Speed wrote

In fact the majority pay off their credit cards in full every month.



Pay cash for everything or dont buy at all. After I got laid off I
immediately stopped eating in restaurants, cancelled cable and cell
phone, no more church services, kept my old car/computer, mow my own
lawn, clean my own house, etc. I know it wasnt a good idea, but
BlueCross BlueShield had to be cancelled (where the hell is
ObamaCare?) My next step is to sell off my vehicle if I do not find
a job or unemployment runs out. It is very tempting to move where
there are jobs, some outside the USA.

"The Real Bev" wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message

...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance and
had to pay. After a year went by and tax time rolled around again, you had
to pay tax on whatever was in that account again, even if you hadn't touched
the account at all. In essence, you paid tax on the same money again and
again, for as long as you had it.

What are currently your best saving tips you recommend
and also practice, relating to how you make your money
go much further than it used to, whether it's for food
weekly living expenses, home and financial investment, etc.

Do as much as you can yourself. Obviously some things will require tools,
manpower, or skills beyond your ability. But labor costs are usually half
the cost.

We do our own car repairs, do our own yard maintenance, build our own
furniture, etc. If you study and take your time, there's not much you
can't do yourself. For instance, my wife and I built our own house a few
years ago for under $60,000. It's already worth more than $240,000 today
and we have no mortgage.

Also, learn to live life simpler. You don't have to own that megamansion
or new car, just because your friends and neighbors have them. We've never
owned a car that was less than 10 years old (and never paid more than $3000
for it), and our 1456 sq/ft house is more than adequate for our family of
three.

Avoid taking loans for anything. If you don't have the money, wait and
save until you can afford it. Finance changes can easily double the cost
of an item over the long term. You can still use credit cards (that's how
we pay for everything), just pay them off each month to avoid interest
charges.

Anthony

In article ,
"Rod Speed" wrote:

No it does not. There are plenty of ways of making money that dont take
any money at all.

Okay, please enlighten me.

One obvious approach is to flog what you already have that you dont want to
keep on ebay.

'scuse me but I PAID for said items. They were not free. Not unless I
raid trash bins which I have known others to do actually. g

You only pay the commission on sales achieved.

I just invested a rather large sum.

Its just one way of making money. The other obvious way its to sell your
labor.

I already do that. For $25.00 per hour.


One has to have assets to invest.

Nope. You can always borrow the money to invest.

And pay interest! No thanks. g

What matters is whether you make more than you are paying.

Which is harder than it sounds, for some. There is a reason I just
cashed in 25% of my IRA's. I'll be able to double my money on what I am
selling rather than make 3% interest.

Well actually, it was good planning. I saved.

Thats not necessarily the best approach, it can be more
profitable to borrow the money and get the extra income
earlier, most obviouslywith a job that requires a reliable car etc.

Not necessarily.


Increasing income may be better, but saving money is the only way for
millions right now.

Thats just plain wrong.

No, it's not.

Yes it is. Even the absolute dregs can beg for example.

And I should resort to that? No thanks.

Separate matter entirely to you claim about the only way for millions. It
clearly isnt.

It may be the prefered way, but it certainly isnt the only way.

Well duh!


Both strategies are best in the long term.

Thats wrong too.

Quit living beyond your means. It really is that simple.

Its just one way. The other obvious approach is to increase your means.

If you are good at planning!

Dont need to be, just need to get off your arse.

lol And that's news? Hello!


Follow a shopping list

No thanks. You can make quite a bit of money by taking advantage of what
shows
up, most obviously with the specials that show up in the store. You just
need to make
sure that what specials you do take advantage of are stuff you will need
anyway.

Well due! It's called shopping the sales. That's old news and I do it all
the time!

So you arent actually following a shopping list.

I make the shopping list based on what I need. I still won't buy
something on sale if I don't normally need or use it. There is no point.
I will, however, take advantage of sales and go to that store based on
my current needs.


Someone I know makes significant money just trading in stuff from yard
sales.

lol Yes, and thrift stores. Ebay and Craig's list are both good for that.

But that's work. While I don't mind it, some people are lazy.

Irrelevant to whether its one way to increase your income.

Yah think?


and re-asses your needs and quit buying crap you really do not need!

You 'really do not need' somewhere to 'live', you can always
'live' on the street and take advantage of free food etc.

I don't freakin' think so. g For one thing, I'd not have regular
internet access. ;-)

Corse you do, you just use free wifi.

And where will I get the laptop and electricity if I'm a street bum?


Doesnt mean that it makes any sense to 'live' like that tho.

Like i-phones for a start.g

You have to do something with the income you have.

I don't "need" an i-phone!

You dont 'need' to 'live' either.

Otherwise you might as well just cut to the chase and hang yourself.

Nope. Save up your money so you have it for when you do need it!

You wont need it if you hang yourself.

Like having my house central air system serviced, and having the money to
do it!

You dont need a central air system.

I live in Texas. Yes I do. ;-)


There is no sin in prioritizing saving money.

No one said it was a sin.

YOU seem to think it's a waste of time and effort.


It's wisdom!

Nope. And with the derisory interest rates being paid, it makes more sense
to only save enough for whats likely to happen, not for any more than that.

Think about the future...
--
Peace! Om

Web Albums: http://picasaweb.google.com/OMPOmelet
*Only Irish *coffee provides in a single glass all four *essential food groups: alcohol, caffeine, sugar *and fat. --Alex Levine

On Sun, 06 Jun 2010 13:33:39 -0500, Omelet wrote:

In article ,
" wrote:

One made at home in less time in less time is about a dollar.

...and can be had at McD's for 1$.

Plus the time and gas spent to go there.

Takes time and gas to drive to work, too. Chances are that there is a McD's
on the way.

It's cheaper for me to make it at home. Period.

Usually, but not always. It's even cheaper to skip it. I do bag a lunch, but
not because my ass squeaks.

AND it's usually healthier!

Usually, but not always.

zzzzzzzzzz wrote:
On Sun, 6 Jun 2010 11:58:51 -0400, "Lou" wrote:

"The Real Bev" wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message

...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc
Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.
AND the money you save isn't taxable!

Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance and
had to pay. After a year went by and tax time rolled around again, you had
to pay tax on whatever was in that account again, even if you hadn't touched
the account at all. In essence, you paid tax on the same money again and
again, for as long as you had it.

I've *never* heard of such a thing. Do you have a citation? The obvious
conclusion that one has to draw is that Georgia doesn't want savings. The
solution is to never leave money in a Georgia bank. That's easy enough since
there are many who would really like to store my money.

According to my siter, the same was true of Sweden until recently. The
socialists simply don't like privately held money: all property is
theft. It belongs to everyone i.e. the State.

Naturally Swedees with any money leave the country, and there are few
privately owned businesses of any note, as no investment is available
for them.

In article ,
" wrote:

On Sun, 06 Jun 2010 13:33:39 -0500, Omelet wrote:

In article ,
" wrote:

One made at home in less time in less time is about a dollar.

...and can be had at McD's for 1$.

Plus the time and gas spent to go there.

Takes time and gas to drive to work, too. Chances are that there is a McD's
on the way.

Nor on my route to work, and I can nuke a couple of eggs and toast for
under $1.00.


It's cheaper for me to make it at home. Period.

Usually, but not always. It's even cheaper to skip it. I do bag a lunch, but
not because my ass squeaks.

AND it's usually healthier!

Usually, but not always.

So we are somewhat in agreement... g
--
Peace! Om

Web Albums: http://picasaweb.google.com/OMPOmelet
Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar and fat. --Alex Levine

"Rod Speed" wrote in message
...
Colbyt wrote
marco polo wrote

in the long run, you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

I suspect you have limited experience in economic matters.

And you do in tax matters.

Please consider these facts:

If you are legal, you earn taxable dollars.

You earn taxable dollars even if you arent legal.

One may then have 30-70 cents to spend after taxes.

In fact the bottom 50% of tax payers pay no nett federal income tax at
all.

Every dollar you save and don't spend is worth 1.30 to 1.70 earned.

Given that 50% figure, it is in fact much more complicated than that.

Here is a quick example, a breakfast sandwich and drink at MickyD's place
is about $5.

One made at home in less time in less time is about a dollar.
I am 4 after tax dollars ahead so that is six bucks I don't need to
earn or $4 that I can invest.

Very few people can control what they are paid.

Almost everyone can control what their income is.

Every person can control what they spend.

Now driving 5 miles to save a nickel on a gallon of gas when you tank
only holds 12 gallons is really stupid but the same person who won't save
where it matters does that all the time.


----------------

In fact the bottom 50% of tax payers pay no nett federal income tax at
all.

I haven't been that low on the totem pole for so many years. Every year I
seem to pay. Due to astute tax management I manage to keep the Federal bite
at around 15%. Of course I still have to add on Fica, Mediscare, the state
and local leeches.

I must be a real dumbass. All those savings over the years have compounded
to the point where I can no longer be a freeloader on the tax system.

Maybe you could offer me some tips on how to reduce my income and get back
to freeloader status.

Colbyt

On Mon, 7 Jun 2010 04:49:25 +1000, "Rod Speed"
wrote:

HerHusband wrote:
What are currently your best saving tips you recommend
and also practice, relating to how you make your money
go much further than it used to, whether it's for food
weekly living expenses, home and financial investment, etc.

Do as much as you can yourself. Obviously some things will require
tools, manpower, or skills beyond your ability. But labor costs are
usually half the cost.

We do our own car repairs, do our own yard maintenance, build our own
furniture, etc. If you study and take your time, there's not much you
can't do yourself. For instance, my wife and I built our own house a
few years ago for under $60,000. It's already worth more than
$240,000 today and we have no mortgage.

Me too.

Also, learn to live life simpler. You don't have to own that
megamansion or new car, just because your friends and neighbors have
them. We've never owned a car that was less than 10 years old (and
never paid more than $3000 for it), and our 1456 sq/ft house is more
than adequate for our family of three.

Avoid taking loans for anything. If you don't have
the money, wait and save until you can afford it.

I dont agree with that. There are situations where a loan does make sense,
most obviously to buy a reliable car that is essential for a particular job etc.


You can buy a $8,000 car with a loan, and end up paying an additional
$3,000 on fees and interest for the loan. The value-wise buyer will
buy a $11,000 car for cash with no interest, loan fees, etc. There is
also an additional risk for the person taking out the loan to default,
unless he/she has a guaranteed income. A cash payer has zero chance
of defaulting on a loan, despite the income. It's about
responsibility, right?


The loan allows you to start earning real money more quickly.


The loan allows you to lose real money upfront, and guarantees you
will pay more for the product/service.

Finance changes can easily double the cost of an item over the long term.

Yes, but if the loan is used to buy the car that produces significant
income, a cheap reliable car can be paid for quickly and you dont
end up paying much for the finance if you finance it properly.


A car does not produce income. A vehicle is not a "wise investment."

The other obvious situation where a loan makes sense is with business startup costs.

You can still use credit cards (that's how we pay for everything),
just pay them off each month to avoid interest charges.

And take advantage of the rebates. Thats better than using cash and more convenient too.

"The Daring Dufas" wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message


...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance
and
had to pay. After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.

On 6/6/2010 6:03 PM, Lou wrote:
"The Daring wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message


...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance
and
had to pay. After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

TDD

Colbyt wrote
Rod Speed wrote
Colbyt wrote
marco polo wrote

in the long run, you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

I suspect you have limited experience in economic matters.

And you do in tax matters.

Please consider these facts:

If you are legal, you earn taxable dollars.

You earn taxable dollars even if you arent legal.

One may then have 30-70 cents to spend after taxes.

In fact the bottom 50% of tax payers pay no nett federal income tax at all.

Every dollar you save and don't spend is worth 1.30 to 1.70 earned.

Given that 50% figure, it is in fact much more complicated than that.

Here is a quick example, a breakfast sandwich and drink at MickyD's place is about $5.

One made at home in less time in less time is about a dollar.
I am 4 after tax dollars ahead so that is six bucks I don't need to
earn or $4 that I can invest.

Very few people can control what they are paid.

Almost everyone can control what their income is.

Every person can control what they spend.

Now driving 5 miles to save a nickel on a gallon of gas when you
tank only holds 12 gallons is really stupid but the same person who
won't save where it matters does that all the time.

In fact the bottom 50% of tax payers pay no nett federal income tax at all.

I haven't been that low on the totem pole for so many years.

Irrelevant to the situation for half the taxpayers in america.

Every year I seem to pay. Due to astute tax management I manage to keep the Federal bite at around 15%. Of course I
still have to add on Fica, Mediscare, the state and local leeches.

Those last arent necessarily income related.

I must be a real dumbass. All those savings over the years have compounded to the point where I can no longer be a
freeloader on the tax system.

Maybe you could offer me some tips on how to reduce my income and get back to freeloader status.

Not interested. I was just pointing out that your claim was wrong for half the taxpayers.

On May 13, 9:33*pm, "Ed Pawlowski" wrote:
"Eric" wrote in message

...

What are currently your best saving tips you recommend and also
practice, relating
to how you make your money go much further than it used to, whether
it's for
food - weekly living expenses, home and financial investment, etc.

Every evening about 5 o'clock my wife and I take a walk in the neighborhood.
If we see someone cooking or about to sit down for dinner, we knock on the
door to visit. Most times, we get an invitation to join them. * That has cut
our food bill by 60%. * You'd also be amazed at how you can slip into those
big summer picnics people have. *Everyone smiles and chats, no one has the
courage to ask "what the hell are you doing here?" *If the food is good and
lots of it, stay until they start cleaning up and you will even get a
platter of leftovers to take home. *HINT: *Never be the last to leave
though.

To reduce the laundry and all the costs associated with it, we no longer
wear underwear. * That has cut the laundry by 30%, but you do have to use
care when wearing light colored slacks as they can get stained easily in the
back.

Used to et a $10 haircut every three weeks or about 17 times a year.
Shaving my head put $170 a year in my pocket. *I'm having less success
getting my wife to do the same though.

We no longer have cable TV. *A $25 investment in binoculars allows me to
watch the neighbor's TV across the street. *In the summer, I can even get
some sound as they open the windows.



I'll bet you save some money using some of your bull**** on your
garden instead of commercial fertilizer :^}

RonB

On Sun, 06 Jun 2010 16:52:44 -0500, Omelet wrote:

In article ,
" wrote:

On Sun, 06 Jun 2010 13:33:39 -0500, Omelet wrote:

In article ,
" wrote:

One made at home in less time in less time is about a dollar.

...and can be had at McD's for 1$.

Plus the time and gas spent to go there.

Takes time and gas to drive to work, too. Chances are that there is a McD's
on the way.

Nor on my route to work, and I can nuke a couple of eggs and toast for
under $1.00.

But you don't get that nice piece of sausage. ;-)

It's cheaper for me to make it at home. Period.

Usually, but not always. It's even cheaper to skip it. I do bag a lunch, but
not because my ass squeaks.

AND it's usually healthier!

Usually, but not always.

So we are somewhat in agreement... g

Not bad for the Usenet. ;-)

On Jun 6, 7:03*pm, "Lou" wrote:
"The Daring Dufas" wrote in ... On 6/6/2010 10:58 AM, Lou wrote:
"The Real *wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco * wrote in message

...

* .
* in the long run,
* you are much much better off increasing your income

* i know it's less fun, but just think about it:

* increase your income, say $1 an hour,
* or $10 a week, or $25 a month, or whatever,
* and see what you have at the end of the year,
* vs saving $1 here or $5 there, is clearly better

* marc

Sounds great, but not always easily done. *With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. *Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!

Well, that depends. *When I lived in Georgia, money sitting in a bank
account was taxable. *If you had an account, you owed tax on the balance
and
had to pay. *After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. *In essence, you paid tax on the same money again
and
again, for as long as you had it.

Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. *All real and personal property in the
state is taxable unless specifically exempted by law. *At the time I lived
there, money in a bank account was not exempt.

When did you live there?

On Sun, 06 Jun 2010 18:10:47 -0500, The Daring Dufas
wrote:

On 6/6/2010 6:03 PM, Lou wrote:
"The Daring wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message


...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance
and
had to pay. After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

Only the interest is taxed, not the principal. That's a normal capital gains
tax. Taxing the principal is *not* normal. Personal property is taxed in
some states but I've never heard of cash being considered personal property.

In article ,
The Daring Dufas wrote:



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

TDD

But only the interest is taxed. Not the total value
--
Peace! Om

Web Albums: http://picasaweb.google.com/OMPOmelet
*Only Irish *coffee provides in a single glass all four *essential food groups: alcohol, caffeine, sugar *and fat. --Alex Levine

In article ,
" wrote:

On Sun, 06 Jun 2010 16:52:44 -0500, Omelet wrote:

In article ,
" wrote:

On Sun, 06 Jun 2010 13:33:39 -0500, Omelet wrote:

In article ,
" wrote:

One made at home in less time in less time is about a dollar.

...and can be had at McD's for 1$.

Plus the time and gas spent to go there.

Takes time and gas to drive to work, too. Chances are that there is a
McD's
on the way.

Nor on my route to work, and I can nuke a couple of eggs and toast for
under $1.00.

But you don't get that nice piece of sausage. ;-)

I make home made when pork is on sale! g

It's cheaper for me to make it at home. Period.

Usually, but not always. It's even cheaper to skip it. I do bag a lunch,
but
not because my ass squeaks.

AND it's usually healthier!

Usually, but not always.

So we are somewhat in agreement... g

Not bad for the Usenet. ;-)

Indeed... ;-D
--
Peace! Om

Web Albums: http://picasaweb.google.com/OMPOmelet
Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar and fat. --Alex Levine

Hi Rod,

Avoid taking loans for anything.

I dont agree with that. There are situations where a loan does make
sense, most obviously to buy a reliable car that is essential for a
particular job etc.
The loan allows you to start earning real money more quickly.

If you are starting with nothing, then yes, a loan might be the only way to
acquire the essentials you need for employment (transportation, clothing,
tools, or whatever). But I would think most folks over 20 years old or so
would already have many of the basic items.

That said, we have never paid more than $3000 for a car, and have never
needed a loan. We bought our cars from savings. If we only had $1000, we
didn't buy a vehicle that cost more than $1000. Of course, we've always
been willing to fix problems ourselves, scrounging salvage yards if needed
to get the car running. Obviously, not everyone is willing or able to do
that, but I've been driving the same car (a 1976 Rabbit) for over 20 years
now and it still runs and drives great.

Yes, but if the loan is used to buy the car that produces significant
income, a cheap reliable car can be paid for quickly and you dont
end up paying much for the finance if you finance it properly.

I didn't mean to imply there were "never" situations a loan might be
needed, just to "avoid" them whenever possible. We've had a few loans over
the years, starting small to build a good credit rating, and the last was
the loan for our property about 20+ years ago. But we always paid well
above the minimum to keep interest charges down (we paid off our 15 year
loan in about 5 years).

Anthony

You can buy a $8,000 car with a loan, and end up paying an additional
$3,000 on fees and interest for the loan. The value-wise buyer will
buy a $11,000 car for cash with no interest, loan fees, etc.

Or buy a $3000 vehicle and use the $8000 for other things.

Most cars spend the majority of their life parked anyway, whether you drive
an old beater or a brand new sports car. Properly maintained, a $3000
vehicle will get you to work and back as well as an $11,000 vehicle. I
would rather spend that money on the occasional dinner or movie date,
and/or a nice vacation once or twice a year.

A car does not produce income. A vehicle is not a "wise investment."

Unfortunately, it's a necessity for most people. We live 20+ miles from
our employers and mass transit doesn't come out this far.

I didn't mean to imply there were "never" situations a loan might be
needed, just to "avoid" them whenever possible. We've had a few loans over
the years, starting small to build a good credit rating, and the last was
the loan for our property about 20+ years ago. But we always paid well
above the minimum to keep interest charges down (we paid off our 15 year
loan in about 5 years).


Very sensible!

On Jun 6, 10:54*pm, "h" wrote:
I didn't mean to imply there were "never" situations a loan might be
needed, just to "avoid" them whenever possible. We've had a few loans over
the years, starting small to build a good credit rating, and the last was
the loan for our property about 20+ years ago. But we always paid well
above the minimum to keep interest charges down (we paid off our 15 year
loan in about 5 years).

Very sensible!

PLONK!

Colbyt wrote:

Contrary to what someone one else posted this may be true. Kentucky had
an intangible property tax like that until a few years ago.

I've lived in and filed taxes in Kentucky for many years. I've never paid
the first penny of tax on any bank account balance.

--
Tony Sivori
Due to spam, I'm filtering all Google Groups posters.

On Jun 7, 1:18*am, Tony Sivori wrote:
Colbyt wrote:

Contrary to what someone one else posted this may be true. *Kentucky had
an intangible property tax like that until a few years ago.

I've lived in and filed taxes in Kentucky for many years. I've never paid
the first penny of tax on any bank account balance.

It would seem that a some people have never done their own taxes, and
when the CPA tells them, we had to pay taxes on your savings account,
they don't understand it was on the interest only.

If you had to pay taxes on a 20K savings account - every yr - there
would be nothing left after about 3 yrs or so.

On 6/6/2010 6:50 PM, zzzzzzzzzz wrote:
On Sun, 06 Jun 2010 18:10:47 -0500, The Daring Dufas
wrote:

On 6/6/2010 6:03 PM, Lou wrote:
"The Daring wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message


...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present economy,
employers have cut OT, cut wages, cut hours, and much of the side job
part
time stuff has dried up. Increasing income may be better, but saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the balance
and
had to pay. After a year went by and tax time rolled around again, you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

Only the interest is taxed, not the principal. That's a normal capital gains
tax. Taxing the principal is *not* normal. Personal property is taxed in
some states but I've never heard of cash being considered personal property.

That's what I meant and should have been more clear. Heck, I don't even
drink, must have been oxygen poisoning.

TDD

On 6/6/2010 6:54 PM, Omelet wrote:
In ,
The Daring wrote:



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

TDD

But only the interest is taxed. Not the total value

Dat be dun wut eye ment. Leroy do all da bankin in da fambly.

TDD

On 6/6/2010 5:27 PM, Phisherman wrote:
On Mon, 7 Jun 2010 04:49:25 +1000, "Rod Speed"
wrote:

HerHusband wrote:
What are currently your best saving tips you recommend
and also practice, relating to how you make your money
go much further than it used to, whether it's for food
weekly living expenses, home and financial investment, etc.

Do as much as you can yourself. Obviously some things will require
tools, manpower, or skills beyond your ability. But labor costs are
usually half the cost.

We do our own car repairs, do our own yard maintenance, build our own
furniture, etc. If you study and take your time, there's not much you
can't do yourself. For instance, my wife and I built our own house a
few years ago for under $60,000. It's already worth more than
$240,000 today and we have no mortgage.

Me too.

Also, learn to live life simpler. You don't have to own that
megamansion or new car, just because your friends and neighbors have
them. We've never owned a car that was less than 10 years old (and
never paid more than $3000 for it), and our 1456 sq/ft house is more
than adequate for our family of three.

Avoid taking loans for anything. If you don't have
the money, wait and save until you can afford it.

I dont agree with that. There are situations where a loan does make sense,
most obviously to buy a reliable car that is essential for a particular job etc.


You can buy a $8,000 car with a loan, and end up paying an additional
$3,000 on fees and interest for the loan. The value-wise buyer will
buy a $11,000 car for cash with no interest, loan fees, etc. There is
also an additional risk for the person taking out the loan to default,
unless he/she has a guaranteed income. A cash payer has zero chance
of defaulting on a loan, despite the income. It's about
responsibility, right?


The loan allows you to start earning real money more quickly.


The loan allows you to lose real money upfront, and guarantees you
will pay more for the product/service.

Finance changes can easily double the cost of an item over the long term.

Yes, but if the loan is used to buy the car that produces significant
income, a cheap reliable car can be paid for quickly and you dont
end up paying much for the finance if you finance it properly.


A car does not produce income. A vehicle is not a "wise investment."


You could have fooled every traveling salesman and rural newspaper route
guy. Not to mention every outside sales person I've ever met plus NASCAR
drivers, NHRA drivers and pizza delivery gnome in the country. It would
be quite hard for me to take my 24' extension ladder on the bus in order
to make a service call. Wheelbarrow vs dump truck, um, I think I'll
invest in a vehicle.

TDD

HerHusband wrote
Hi Rod,

Avoid taking loans for anything. If you don't have
the money, wait and save until you can afford it.

I dont agree with that. There are situations where a loan does make
sense, most obviously to buy a reliable car that is essential for a
particular job etc.

The loan allows you to start earning real money more quickly.

If you are starting with nothing, then yes, a loan might
be the only way to acquire the essentials you need for
employment (transportation, clothing, tools, or whatever).

And even if you have more than nothing, it can make sense
to borrow money rather than save for the difference too.

But I would think most folks over 20 years old or
so would already have many of the basic items.

Yes, but may not necessarily have a reliable car that a particular job needs.

Another obvious example is student loans that can give you
the qualifications to get a much better job and it generally
doesnt make sense to save for that sort of cost.

Even a loan for a house can make sense too if that forces
you to save rather than ****ing the rent against the wall for
years while you save enough to buy a house, particularly
if you arent capable of building the house. And even when
you are capable of building the house, it can make sense
to borrow rather than save for the land and materials too.

That said, we have never paid more than $3000 for a car, and
have never needed a loan. We bought our cars from savings.

Yes, but it can make sense to borrow to get the car that makes
a particular job possible, rather than save for that car first, just
because you start earning the decent money earlier.

If we only had $1000, we didn't buy a vehicle that cost more than $1000.

Yes, but those cars may not be reliable enough or viable for particular jobs.

Of course, we've always been willing to fix problems ourselves,
scrounging salvage yards if needed to get the car running.

Yes, I did the same thing myself but not everyone can do that.

Obviously, not everyone is willing or able to do that, but I've been driving the
same car (a 1976 Rabbit) for over 20 years now and it still runs and drives great.

I bought my Golf new and used it as the only car for 35+ years with no real
maintenance required at all except for an alternator relay and a distributor rotor.

And then was stupid enough to not fix a known windscreen leak that
eventually rusted the floor out. If it wasnt for that I would still be using it.

Yes, but if the loan is used to buy the car that produces significant
income, a cheap reliable car can be paid for quickly and you dont
end up paying much for the finance if you finance it properly.

I didn't mean to imply there were "never" situations a loan might be needed,

That is what you originally said.

just to "avoid" them whenever possible. We've had a few loans
over the years, starting small to build a good credit rating, and
the last was the loan for our property about 20+ years ago.

Yeah, it generally doesnt make sense to save for the land.

I was fortunate enough to get mine from the govt with a no deposit
loan from the govt at a derisory interest rate, so I never did bother
to pay it off, just made the payments as required, and made a lot
more than the interest I was paying on the stockmarket.

But we always paid well above the minimum to keep interest
charges down (we paid off our 15 year loan in about 5 years).

I didnt need to bother because the interest rate was so low.

In fact it made no sense to pay it off faster because I was
making a lot more than that on that money in the stockmarket.

zzzzzzzzzz wrote:
O
Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

Only the interest is taxed, not the principal. That's a normal capital gains
tax.

No, thats a normal INCOME tax.

Taxing the principal is *not* normal. Personal property is taxed in
some states but I've never heard of cash being considered personal property.

Well If it ain't personal property what is it?

Personal property taxes exist on many things: car license fees, council
tax..these are all taxes on personal property, as is inheritance tax.

Means testing individuals who have no income, but large capital assets,
is also an implicit tax on personal property.

Its just ways to transfer capital assets from the individual to the
state. Back door communism.

"Rod Speed" wrote:

Another obvious example is student loans that can give you
the qualifications to get a much better job and it generally
doesnt make sense to save for that sort of cost.


Rod I'm on the fence on student loans

I have student loans but looking back almost think it
best to "pay as you go".

what you say?

On Jun 7, 9:18*am, wrote:
"Rod Speed" wrote:
Another obvious example is student loans that can give you
the qualifications to get a much better job and it generally
doesnt make sense to save for that sort of cost.

Rod I'm on the fence on student loans

I have student loans but looking back almost think it
best to "pay as you go".

what you say?

Student loans are the means to higher priced education, which is why
the Demonicrats love them so. Note: Higher price better

wrote
Rod Speed wrote

Another obvious example is student loans that can give you
the qualifications to get a much better job and it generally
doesnt make sense to save for that sort of cost.

Rod I'm on the fence on student loans

I have student loans but looking back almost think it best to "pay as you go".

what you say?

Your situation was rather different. You already had a
decent well paid job and just wanted something different.

Its different with a kid just out of school. It doesnt necessarily
make much sense for one of those to attempt to save up for
the cost of say medical qualification. It makes more sense to
use a student loan to get qualified and start practicing and
start earning a decent income and then pay off the student loan.

What makes sense does vary with the sort of qualifications
you decide you want. Particularly with engineering, there
have always been some jobs that not only allow you to
qualify while working, actually encourage you to do that.
That doesnt work with say qualifying as a doctor tho.

Here in Tennessee bank interest is state tax exempt. Interest from
money markets is not state taxable either, but dividends are taxable
at a flat 6%. Tennessee does not tax people for working (I never
understood why states will "punish" people in the form of taxation for
working!?) Nashville gets most of its money from sales tax, and that
is very high.

Here in NY you only pay tax on the interest earned each year, not the
principal. I suspect it's that way EVERYWHERE, and previous posters are just
wrong, Like that would ever happen on usenet....

"h" wrote in message
...

Here in Tennessee bank interest is state tax exempt. Interest from
money markets is not state taxable either, but dividends are taxable
at a flat 6%. Tennessee does not tax people for working (I never
understood why states will "punish" people in the form of taxation for
working!?) Nashville gets most of its money from sales tax, and that
is very high.

Here in NY you only pay tax on the interest earned each year, not the
principal. I suspect it's that way EVERYWHERE, and previous posters are
just wrong, Like that would ever happen on usenet....


If I really wanted to pick a fight, which I don't, I would scan and post a
copy of the former state intangible tax return.

You OTH need to learn the difference between a person saying I think and one
saying I know.

Colbyt

On Mon, 07 Jun 2010 11:04:29 -0500, wrote:

keith wrote:

Student loans are the means to higher priced education, which is why
the Demonicrats love them so. Note: Higher price better

engineering school here.... for me

Ok? That doesn't change the facts, other than you'll have some chance of
paying it back.

wrote in message
...
On Sun, 06 Jun 2010 18:10:47 -0500, The Daring Dufas
wrote:

On 6/6/2010 6:03 PM, Lou wrote:
"The Daring wrote in message
...
On 6/6/2010 10:58 AM, Lou wrote:
"The Real wrote in message
...
On 06/05/10 20:53, Ed Pawlowski wrote:

"marco wrote in message



...
.
in the long run,
you are much much better off increasing your income

i know it's less fun, but just think about it:

increase your income, say $1 an hour,
or $10 a week, or $25 a month, or whatever,
and see what you have at the end of the year,
vs saving $1 here or $5 there, is clearly better

marc

Sounds great, but not always easily done. With the present
economy,
employers have cut OT, cut wages, cut hours, and much of the side
job
part
time stuff has dried up. Increasing income may be better, but
saving
money
is the only way for millions right now.

AND the money you save isn't taxable!


Well, that depends. When I lived in Georgia, money sitting in a bank
account was taxable. If you had an account, you owed tax on the
balance
and
had to pay. After a year went by and tax time rolled around again,
you
had
to pay tax on whatever was in that account again, even if you hadn't
touched
the account at all. In essence, you paid tax on the same money again
and
again, for as long as you had it.



Georgia? The state in the U.S.A. or the country of Georgia?

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I
lived
there, money in a bank account was not exempt.



Here in Alabamastan, I believe a bank account would be taxed if it
earned interest.

Only the interest is taxed, not the principal. That's a normal capital
gains
tax. Taxing the principal is *not* normal. Personal property is taxed in
some states but I've never heard of cash being considered personal
property.

What would you call it? Property is generally classified into two types -
real and personal. Real property is land, usually things growing on it
(annual crops in at least some states are not considered real property) and
buildings. All property that is not real property is personal property.

"Ron" wrote in message
...

(lotsastuff snipped)

Georgia, the state in the U.S.A. All real and personal property in the
state is taxable unless specifically exempted by law. At the time I lived
there, money in a bank account was not exempt.

When did you live there?

Well, I've lived in New Jersey around 30 years, so it must be 31 years or so
ago.

"Ron" wrote in message
...

If we are talking about Georgia, USA, it isn't true. It's not income.

Most of my family has lived there their entire life. My father who is
74 yrs old has never heard of such a thing, and he has lived there all
but about 12 yrs of his life.

You pay taxes on the interest only.

I don't know how he could never have heard of such a thing - as I recall, it
was on the last page of the state income tax form. You paid taxes on the
interest as part of the state income tax, but on the last page, you paid tax
on the principal. But for all I know, the tax was a county assessment - I
only lived there 15 months.