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lifestyle

General

Pennysaverblog 100 Day Challenge Update 4

There are 42 days left of my 100-Day Challenge, and it definitely is a real challenge for me right now. I have been struggling to make exercising a priority as it was never really a top priority for me before. Nevertheless, most days I have still managed to get at least 15 minutes of exercise. The odd day that I miss I try to make up for on the other days by doing at least 30 minutes or more of exercise. I do feel a bit like a failure, though, when it comes to the exercise piece of my challenge.

So far I have managed to keep within my $100 entertainment budget. Since the last update I spent $5.00 on ice cream while hanging out with a friend. So that means I still have $55 remaining. I have discovered that it is not easy to stick within this small budget for such a long period of time. I hope I can stick to it.

May 12, 2010

General

Do You Want To Retire?

There’s so much talk today about the importance of saving for retirement. But just what does retirement mean to you? What do you want to do when you retire? Or do you even want to retire?

These are important questions to ask yourself before you build a strategy for saving for your retirement. If you aren’t planning on living extravagantly, traveling the world, or having expensive hobbies, you won’t need to save as much as those who do have big plans.

While some people are content to stay home and take life easy, others are preparing to be more active when they retire than they have been during their working years. Others don’t ever plan on retiring because they are passionate about their work and can’t imagine that life could go on if they were to ever quit.

May 10, 2010

General

Pennysaverblog 100 Day Challenge Update 3

There are 58 days remaining for my 100-Day Challenge. I have been doing pretty well, considering the weather is getting beautiful, and my motivation to keep entertainment spending at bay is more difficult now that I am more prone to want to go out. I have discovered that it is a lot easier to save money during the winter when all I want to do after work is go home and stay warm.

Exercising for 15 minutes a day has been really good for me so far. I make a point to go for a walk, a bike ride, or just exercise inside for at least 15 minutes and it seems to be making a difference. I still feel really out of shape, but I think if I persist with regular exercise, even after this challenge is over, I will not regret it.

April 26, 2010

Wealth

You Can Make A lot Of Money And Still Be Poor

It doesn’t seem to matter how much money a person earns, if they don’t work on developing effective money management skills, they can end up bankrupt. I was reading an article on Yahoo! that talked about seven professional athletes who squandered away their money on all kinds of gadgets and doodads rather than investing it wisely.

Although it may seem like it would be easier to manage your money if you had a lot of it, it’s obvious from reading the article that having more money isn’t the solution. Instead, what it takes is a disciplined approach; creating a budget, paying yourself first, controlling your spending, and most importantly, not spending more than you earn. Although people who make a lot of money may not have to be as strict with their spending, they still need to follow the basic principles of effective money management; otherwise they could end up like Scottie Pippen and Lenny Dykstra.

April 20, 2010

General

Now Is The Time To Pursue Your Goals And Dreams

“You’ll never be as young as you are right now.” These are wise words that my friend used to encourage my husband and I when we were telling her about our dreams of doing some extensive traveling. As a couple we have always wanted to see more of the world and we like learning about new cultures and ways of life. Unfortunately we also know that traveling can cost a lot of money, even though we are able to travel on an extremely tight budget.

That being said, my friend is right. We certainly aren’t getting any younger. Her statement goes for the pursuit of any goal or dream. The time to start working towards your goals and dreams is right now. We don’t know what will happen in the future, but we can make an effort to ensure our passions are not left on the sidelines. If we are going to do some traveling, it does make the most sense for us to do it now, before we have kids and before we get too comfortable and let the golden handcuffs chain us to our jobs. Right now we are considering our options and we are on the brink of making some life-altering decisions.

April 14, 2010

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