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May 10, 2011

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This story literally makes me cringe. I cannot imagine living this way. I feel very fortunate that I have realized that I don't often get much pleasure out of "gotta have it" material purchases, and I only rarely make them. I am also fortunate that I don't have to make trade-offs like "if I buy something at the mall today, I can't go to that concert in 2 weeks" because of my general frugality - I can easily do both if I want. I generally do neither (I don't enjoy concerts either).

According to this I am not human. So that must explain alot.

My worst money decision was the purchase of my first vehicle. But I learned very quicly my mistake.

My best money decision was marrying my wife who has the same beliefs i do about money.

Ugh, that just sounds like an example of irresponsibility. Thankfully, I've never fallen in love with any "THING" on that level. I keep a budget, and have emergency back-up plans/funds in case something breaks. So even though I earn next-to-nothing, I've never "unexpectedly" run out of money at the end of the money. Any shortfalls were already known in advance, were due to simply not earning enough that month to cover basic food and rent, and were planned for. (Shortfalls happen when you work freelance, so you must plan very carefully for them in advance).

Never experienced the sort of irresponsibility in this article though, and don't plan to.

"You could give the coupon to your friend, but, “It’s mine.”"

I couldn't help but think of Gollum from The Hobbit. "My precious". :)

Epic Fail. This book should be called Money Management Minus 101.

Here's an idea for a book. It would be sealed in shrink wrap, page 1 would read Visit FreeMoneyFinance.com, and also read the Millionaire Next Door (available free online via pdf). All the other pages would contain sudoku puzzles.

And I guarantee it would be much better than this book.

Can you tell I don't like it much based on the first chapter?

-Mike

I really like this excerpt! Will help combat the occasional impulses to purchase too large of a home, thus saving hundreds of thousands of dollars. Thanks immeasurably for posting!

I have NEVER been anything like this. Yes, I like adjusting or looking at my "personal spending plan" daily. Never unexpectantly ran out of money at the end of the month. I plan things well in advance and the times that I do come up short, it's not much or even that much of a big deal. This just sounds like lack of financial disipline and diligence to me. I can understand, but personally, cannot relate.

I wouldn't go as far as Mike's (hilarious!) comment, but I agree this book doesn't go to the heart of the matter. The effective cure for the person portrayed in the mall story is to go with "cash envelope system", and tear up the credit card.

I must apologize to the author of this post as my hastily written comment was a bit over the top. I guess most people have spent so much time on this site that they have good control over impulsive spending, that's why I thought the post was much more fundamental than Money Management 101- hence the comment of Money Management Minus 101.

I believe there is an audience for this book but strongly suspect that 95% of the FMF readers are well past this stage.

Best,

Mike

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