Comments on: Financial Laziness http://www.pfadvice.com/2007/03/27/financial-laziness/ Bridging the gap between saving money and investing Wed, 08 Oct 2008 08:45:12 +0000 http://wordpress.org/?v=2.6.1 By: Tim http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31607 Tim Fri, 30 Mar 2007 09:04:25 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31607 ok, i disagree with the "you still have your savings in a brick-and-mortar bank". i got a 10% interest rate at a brick-and-mortar cd. BAM's can have some very good deals. now that doesn't mean you should be keeping it in an account that only earns .1% when you can get 5% elsewhere. there are also other considerations, like if you get other benefits for having high deposits with a BAM or with any other bank for that matter. ok, i disagree with the “you still have your savings in a brick-and-mortar bank”. i got a 10% interest rate at a brick-and-mortar cd. BAM’s can have some very good deals. now that doesn’t mean you should be keeping it in an account that only earns .1% when you can get 5% elsewhere. there are also other considerations, like if you get other benefits for having high deposits with a BAM or with any other bank for that matter.

]]> By: Terry Leeders http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31526 Terry Leeders Fri, 30 Mar 2007 01:33:28 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31526 As a bankruptcy attorney in Chicago, I see many different people come through my office. It amazes me on the amount of money people spend on a day to day basis. Routinely people put down that they spend $500 a month on food, then make a point of putting down $300 'dining out' in addition!! My God! If people learn how to cook, they would save $300-500 a month. While I know that people like to go out with family and friends, but when did dining out turn from a 'special treat' to a 'necessity' ? Same thing goes with gas and transportation expenses. It seems like some of my clients must drive around the neighborhood every day just to keep the car warm! If people realize what they are really spending on a day to day basis, I bet they would start making some changes to their lifestyles! Thanks for listening. Terrance Leeders Chicago Bankruptcy Attorney As a bankruptcy attorney in Chicago, I see many different people come through my office. It amazes me on the amount of money people spend on a day to day basis. Routinely people put down that they spend $500 a month on food, then make a point of putting down $300 ‘dining out’ in addition!! My God! If people learn how to cook, they would save $300-500 a month. While I know that people like to go out with family and friends, but when did dining out turn from a ’special treat’ to a ‘necessity’ ? Same thing goes with gas and transportation expenses. It seems like some of my clients must drive around the neighborhood every day just to keep the car warm! If people realize what they are really spending on a day to day basis, I bet they would start making some changes to their lifestyles!
Thanks for listening.
Terrance Leeders
Chicago Bankruptcy Attorney

]]> By: mike http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31115 mike Wed, 28 Mar 2007 17:38:46 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31115 One thing I was curious about was your suggestion to use on-line banking vs brick and mortar banks. Are on-line banks "safe" to use? I had a problem at an old fashioned bank but at least I had a real person to talk to who actually took an interest in the problem and in resolving it. One thing I was curious about was your suggestion to use on-line banking vs brick and mortar banks.

Are on-line banks “safe” to use?

I had a problem at an old fashioned bank but at least I had a real person to talk to who actually took an interest in the problem and in resolving it.

]]> By: limeade http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31063 limeade Wed, 28 Mar 2007 13:18:38 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31063 Financial laziness has everything to do with your motivation. We need to have a real reason why behind what we're doing; otherwise we'll keep lapsing back into laziness. Good reminder. -limeade Financial laziness has everything to do with your motivation. We need to have a real reason why behind what we’re doing; otherwise we’ll keep lapsing back into laziness.

Good reminder.

-limeade

]]> By: Michael Ellenbogen http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31031 Michael Ellenbogen Wed, 28 Mar 2007 09:35:42 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-31031 I agree with your article in some cases. As a Consumer Advocate, I have worked with many who could have saved hundreds, even thousands of dollars. Unfortunately they did spend the 15 to 45 minutes to take care of their issues. They ask for suggestion, but say they were too busy to follow through. I agree with your article in some cases. As a Consumer Advocate, I have worked with many who could have saved hundreds, even thousands of dollars. Unfortunately they did spend the 15 to 45 minutes to take care of their issues. They ask for suggestion, but say they were too busy to follow through.

]]> By: Lib4 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-30976 Lib4 Wed, 28 Mar 2007 04:13:54 +0000 http://www.pfadvice.com/2007/03/27/financial-laziness/#comment-30976 Wow 7/10 ....better get off my ass Wow 7/10 ….better get off my ass

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