Various ways to live life and save money?

[ebinmaine 69,707]

2 hours ago, Gregor said:

"our" money.

There is NO "our" money here and neither one of us would have it any other way. 

I've done that in the past and won't again. 

 

She earns her money. She spends her money. 

Same for me.

BBT has her car she shopped for and bought. Me too. 

 

We each pay certain bills and buy certain things.  

 

Anything that affects both of us we discuss and contribute appropriately.  

 

Not a system for everyone. Works perfectly for us.  

♥️

 

[Snoopy11 5,717]

2 hours ago, Gregor said:

My wife and I have "our" money. She doesn't have her money, and I don't have my money, it's OUR money.

I like that mindset.

 

I'm not married, and don't even have a girlfriend... BUT, when I do, what is mine, is hers. 

 

Don

[Snoopy11 5,717]

34 minutes ago, ebinmaine said:

We each pay certain bills and buy certain things.

'zis include Wheel Horses? 

 

Don

[Gregor 4,847]

All of these tractors were bought, and rebuilt between October of last year, and November of this year. I'm not sure I want to know how much money I spent on them. Plus buying 7 or 8 engines, rebuilding them, machine shop work, and all the tools required to do so. It's a good thing it's OUR money ! I know many of you have much more invested in tractors. But then again, my wife just paid $3000 for two custom made quilts. I didn't know that was even possible. I am not allowed to touch them. Apparently, I am not allowed to even look at them.  I have not seen them, since the day she brought them home.

[ebinmaine 69,707]

38 minutes ago, Snoopy11 said:

'zis include Wheel Horses? 

 

Don

Of course!!!

 

😀

[ebinmaine 69,707]

40 minutes ago, Snoopy11 said:

I like that mindset.

 

 what is mine, is hers. 

 

Don

 

I as well. 

Generosity is an admirable quality!

 

The cup can quickly under/overfill if a party has an inordinate sense of entitlement.  

 

 

[953 nut 56,739]

A 401-K at my work and 457-B at the Collage where my wife worked along with Roth IRAs while we were working and a thrifty attitude allowed us to retire at 61 years of age. When my wife was promoted to a position that included a hefty pay increase we found that she could put the entire pay increase in her 457-B since she was within three years of retirement eligibility. During our married life we have only taken out loans to buy real estate. Debt on depreciable things is probably the biggest mistake many people make. Furniture, clothing, vacations can cost twice as much if purchased on credit and keep you from being able to invest in an IRA or other savings plans.

We do use a cash-back credit card but pay it off every month. This morning I used it to pay our home owner insurance, got $ 33.50 cash back on that transaction alone. The cash back goes directly into my Roth IRA and is invested for me.

During our marriage we have bought several new cars and trucks paying cash and keep up with recommended maintenance. Dealers tend to be willing to negotiate when they see a cash buyer walking out the door, last vehicle we bought was my 2009 pick-up and the dealer called to accept our offer before we got a mile away. We tend to keep them until they have a couple hundred thousand miles or more and sell them privately so we avoid the dealer trad in price haggling.

Lowe's and Ace Hardware offer discounts to veterans which I take advantage of. We also stock up on things we ordinarily buy at the grocery store when they have a Buy One-Get One Free promotion and don't buy stuff we won't use.

None of this is new technology, just prudent financial management.